Shina Teluwo & Co.
Chartered Accountants & Tax Practitioners
Copyright © 2011 - All rights Reserved - Shina Teluwo & Co.
Designed by The I.T Department
Designed by The I.T Department
Taxation Services
Audit & Assurance
Taxation Services
Accounting Services
Computerisation
Financial Consulting
Secretarial Services
Receivership & Liquidation
Review of Bank Charges
Taxation Services
Accounting Services
Computerisation
Financial Consulting
Secretarial Services
Receivership & Liquidation
Review of Bank Charges
COMPANY TAX CLEARANCE CERTIFICATE (CTCC)
Our outfit process Company Tax Clearance Certificate within two (2) weeks to enable our corporate clients meet the requirement for:
* Award of Contracts
* Application for Trade Licence
* Application for Import and Export Licence
* Confirmation of Appointment by Government
* Government loans for industry
In cases of late preparation and submission of Audited Accounts, our firm is up to the task to arrange for provisional tax before the statutory deadline to avoid government charge for late penalty. In a nutshell, having submitted audited accounts and all necessary taxes settled, the CTCC can be obtained within two weeks.
VAT REGISTRATION/RETURNS
We ensure that our clients register for VAT and we monitor the activities to ensure that monthly remittances are done as and when due, to avoid penalty for non-remittance. As part of our services, we reconcile VAT activities of our clients, that is, utilization of VAT input (i.e. VAT suffered by the company) to offset VAT liability payable to government on monthly basis. We also obtain compliance letter on VAT in respect of inspection exercise.
CERTIFICATE OF ACCEPTANCE ON ASSETS
According to tax law, if an asset acquired is worth more than N500,000 (Approximately $3,500), it is mandatory to obtain Certificate of Acceptance from the Federal Ministry of Industry, before the Asset can qualify for Capital Allowance. Most companies does not process the Certificate of Acceptance, which denies them of Capital Allowances. We can assist in processing the Certificate to relief companies of huge tax liabilities.
RECOVERING OF WITHHOLDING TAX (WHT) CREDIT NOTES
Withholding Tax as the name implies, is an advance payment of income tax. It is deductible at the point of payment. We observe that some tax payers does not bother to collect the Credit Notes from companies who engaged their services, having deducted the withholding tax suffered by them. The Credit Notes can be utilized to offset company Income tax liabilities raised as a result of Tax examination. This can also serves as tax relief to numerous companies. We can assist in recovering the Withholding Tax deducted by companies, and utilize the Credit Note to settle company tax and improve cash flow.
PROCESSING OF FIRS LETTER OF AGREEMENT ON TAX QUERIES
All Audited Accounts submitted to Tax authority are subject to tax examination, which in most cases resulted in additional tax to all corporate tax payers. We attend to government tax queries and ensure that our clients are reasonably taxed. Upon conclusion of the desk examination, we obtain Letter of Agreement or Clearance Letter for our clients as evidence of clearance.
PAYE ADMINISTRATION
It is mandatory for corporate entities with minimum workforce of six staff to register for PAYE scheme under their jurisdiction. On our part as a consultant, we give tax advisory services in the following areas: PAYE Monthly remittance, Tax Audit exercise, Exercise on Withholding and Capital Gains Tax and Personal Income Tax
PERSONAL TAX CLEARANCE CERTIFICATE (PTCC)
In compliance with the above information, processing of Directors and Staff PTCC will be hitch free. In as much as the tax records has three years of assessments which qualify the staff or Director to obtain the PTCC.
PROCESSING OF COMPANY'S CLEARANCE CARD ON PAYE
As a result of state tax audit (i.e. State Internal Revenue Service), companies are expected to keep adequate records and book of accounts worthy of presentation for tax audit exercise. We taxplan through proper tax advisory on books of accounts and records in compliance with tax regulations. We also obtain clearance Card (formerly clearance letter) after the tax audit exercise.
Our outfit process Company Tax Clearance Certificate within two (2) weeks to enable our corporate clients meet the requirement for:
* Award of Contracts
* Application for Trade Licence
* Application for Import and Export Licence
* Confirmation of Appointment by Government
* Government loans for industry
In cases of late preparation and submission of Audited Accounts, our firm is up to the task to arrange for provisional tax before the statutory deadline to avoid government charge for late penalty. In a nutshell, having submitted audited accounts and all necessary taxes settled, the CTCC can be obtained within two weeks.
VAT REGISTRATION/RETURNS
We ensure that our clients register for VAT and we monitor the activities to ensure that monthly remittances are done as and when due, to avoid penalty for non-remittance. As part of our services, we reconcile VAT activities of our clients, that is, utilization of VAT input (i.e. VAT suffered by the company) to offset VAT liability payable to government on monthly basis. We also obtain compliance letter on VAT in respect of inspection exercise.
CERTIFICATE OF ACCEPTANCE ON ASSETS
According to tax law, if an asset acquired is worth more than N500,000 (Approximately $3,500), it is mandatory to obtain Certificate of Acceptance from the Federal Ministry of Industry, before the Asset can qualify for Capital Allowance. Most companies does not process the Certificate of Acceptance, which denies them of Capital Allowances. We can assist in processing the Certificate to relief companies of huge tax liabilities.
RECOVERING OF WITHHOLDING TAX (WHT) CREDIT NOTES
Withholding Tax as the name implies, is an advance payment of income tax. It is deductible at the point of payment. We observe that some tax payers does not bother to collect the Credit Notes from companies who engaged their services, having deducted the withholding tax suffered by them. The Credit Notes can be utilized to offset company Income tax liabilities raised as a result of Tax examination. This can also serves as tax relief to numerous companies. We can assist in recovering the Withholding Tax deducted by companies, and utilize the Credit Note to settle company tax and improve cash flow.
PROCESSING OF FIRS LETTER OF AGREEMENT ON TAX QUERIES
All Audited Accounts submitted to Tax authority are subject to tax examination, which in most cases resulted in additional tax to all corporate tax payers. We attend to government tax queries and ensure that our clients are reasonably taxed. Upon conclusion of the desk examination, we obtain Letter of Agreement or Clearance Letter for our clients as evidence of clearance.
PAYE ADMINISTRATION
It is mandatory for corporate entities with minimum workforce of six staff to register for PAYE scheme under their jurisdiction. On our part as a consultant, we give tax advisory services in the following areas: PAYE Monthly remittance, Tax Audit exercise, Exercise on Withholding and Capital Gains Tax and Personal Income Tax
PERSONAL TAX CLEARANCE CERTIFICATE (PTCC)
In compliance with the above information, processing of Directors and Staff PTCC will be hitch free. In as much as the tax records has three years of assessments which qualify the staff or Director to obtain the PTCC.
PROCESSING OF COMPANY'S CLEARANCE CARD ON PAYE
As a result of state tax audit (i.e. State Internal Revenue Service), companies are expected to keep adequate records and book of accounts worthy of presentation for tax audit exercise. We taxplan through proper tax advisory on books of accounts and records in compliance with tax regulations. We also obtain clearance Card (formerly clearance letter) after the tax audit exercise.