Consulting

Taxation Advisory and Management

Taxation is like a double-edged sword that can be used on different sides depending on the side you are – government or tax payers (incorporated and unincorporated individuals and business entities). Our services here are therefore tailored for us to act as ‘mediators’ between the government and the tax payers (Incorporated and unincorporated individuals).

Incorporated and Unincorporated Bodies
The statutory computations involved in taxation require a professional touch. There are various taxes and tax matters, on which corporate bodies are obligated to submit returns on. Late preparation and submission, incorrect submission and payments usually result in penalties to companies. We prepare the necessary computations and ensure meeting the deadlines for submitting returns and paying the taxes as at when due. To this end, we carry out the following services jointly or exclusively:

• Relationship management outsourcing with the relevant tax authorities.
• Computation of profit in respect of each accounting period adjusted in accordance with provisions of the current taxation legislations, for the purpose of assessment of Company Income Tax, Capital Gains Tax, Excess Profit Taxes and Petroleum Tax.
• Computations in respect of Personal Income Tax, Withholding Tax, Value Added Tax and Property Tax.
• Submission of Tax Returns to Appropriate Authorities.
• Liaison and agreement with the Tax Authorities on behalf of clients.
• Obtaining Tax Clearance Certificates for clients and their staff.
• Attend to any other tax matters of the client.

Government
In recent times, the different tiers of government in the country have discovered Internally Generated Revenue (IGR) as a major source of sustainable receipts to fund government projects. At Kulabech we therefore offer the following services to all tiers of government (Federal, States and Local Government Councils).

• Consultancy services to state governments in ascertaining PAYE tax liabilities of employees of incorporated and unincorporated bodies, withholding tax liabilities of enterprises and partnership businesses and that of individuals and ensure that payments are made promptly.
• Provide consultancy services to the Federal Inland Revenue Service (FIRS) in ascertaining the Value added tax, Company Income tax, withholding tax and other tax liabilities of incorporated bodies.
• Provide other revenue generation related services to all tiers of government