Tax preparation is a job for the tax expert. If you own a business as a sole trader or in partnership with other owners, your tax is payable to the Inland Revenue Department in the State in which you reside and do business. If your business is incorporated as a limited liability company, you must of course submit your account to a professional to prepare and help you pay your tax to the Federal Inland Revenue in your State or City.
If you have not kept your books formally, we can help you prepare your accounts as well as help you prepare your income tax. After paying your tax, we will assist you to obtain your tax clearance certificate. As you know, tax clearance certificate is needed for business and all other activities you may be involved in during the year. If you have political ambition, you will need tax clearance certificate to file for nomination or for appointment.
In addition to the tax laws and levies which are becoming more and more complicated, the accounts for partners and sole proprietors are intricate and are not easy to prepare. For example, if some of your partners live in Lagos or Kano while you live in Benin City, the partnership accounts will first be prepared before allocating income to the individual partners who are subject to personal tax liabilities in the States they live in.
Even if you use a computer software program, there is no substitute for assistance by an experienced professional who can prepare accounts and calculate tax thereon.
Here are the benefits that you get if we prepare tax for you;
- Your tax computation will be checked and rechecked by our professionals who use fast pace computers
- Our tax experts will show you how to take advantage of the tax exemptions and elections that you may not be aware of.
- Our tax experts will legally avoid certain tax charges through tax planning to minimize your tax liability.
- Based on the current year budget provisions, our tax experts will show you and help you plan your deductions to limit or minimize your tax liability next year. The tax planning process for next year begins this year.
