Financial Advisory & Management Consultancy

Few prominent services, among the wide range of our offerings under this grid include:

• Financial analysis and business valuations.
• Special assignments for internal audit and controls.
• Maintaining accounting records and financial reporting.
• Financial feasibility studies & investigations.
• Studies for strategic evolution and improving operational efficiencies.
• Rendering professional advice and opinion on accounting standards and corporate accounting practices.
• Conducting business process and control analysis studies, detection of suspected fraud, credit worthiness evaluation.
• Physical verification of fixed assets, inventories, and investments.
• Compiling operational and accounting manuals (SOP’s).
• Advisory services and employee’s benefit plans and registration thereof.

Accounting & Book-keeping Services

Accounting and book keeping are two different things. Accounting deals with the recording of a company’s financial transactions of businesses and individuals. Accounting is one of the most important factors that make a business run, and it is essential for you to know why accounting is the lifeblood of any business. If this part of a company is not orderly, it should be expected that the business is not running as efficiently as it should.

Bookkeeping, on the other hand, is all about recording a company’s economic activities. The entries are summarized periodically. It was called “bookkeeping” because before the computers were born, these were recorded in actual books. But now, transactions are recorded electronically.

Aside from the ones mentioned above, the following list below contains the services that we are offering. These are the accounting entries and reports that we are capable of doing with merit, ensuring everything is orderly with your financial side:

• Journal Entries Preparation
• Posting of Revenue/Sales
• Posting of Payments
• Petty Cash Accounting
• Posting of Material Received
• Payroll Accounting
• Fixed Assets, Depreciation
• Accounts Receivable
• Credit and Debit Adjustments
• Balance Sheet
• Cash Flow Statement
• Posting of Journal Entries
• Posting of Receipts
• Posting of Purchase Invoices
• Posting of Material Issued
• Projects Accounting
• Administration and General Expenses
• Bank Reconciliation
• Accounts Payable Reporting
• Trial Balance Reporting
• Profit and Loss Account

Tax Consulting & Management

Taxation management & consulting services covering both local and foreign tax management for companies and individual. Our consultancy grid includes;

• Filing periodical tax returns for withholding tax and sales tax;
• Obtaining NTN and sales tax registration;
• Maintenance of mandatory sales tax and income tax records;
• General advisory and consultancy services;
• Written opinions and advices;
• Obtaining clarifications from regulatory authorities;
• Filing annual tax returns for companies and individuals;
• Filing wealth statements of individuals;
• Handling court cases.

Value Added Tax (VAT)

VAT Registration Process

• VAT registration application based on VAT laws and regulations
• Ensuring provision of specific and correct required details and documents
• Guidance for registration on time to avoid any penalties
• Group and individual registrations

VAT Advisory Services

• Solution oriented advisory services in adherence to VAT laws and regulations
• Detailed case study to provide firm and effective advisory services
• Assistance in establishing the system for proper charging of VAT as required by the VAT regulations
• VAT Impact Assessment on business and pro-active solutions

Corporate & Secretarial

• Incorporation of companies and accompanying thereto.
• Permissions and regulations with regulatory authorities and trade bodies.
• Assistance in secretarial practices and corporate statutory and regulatory compliances.
• Rendering professional advice on statutes and problem solving.
• Formation and registration of partnerships, partners’ inductions, retirements, liquidations, and ancillary registration/de-registrations.
• Conversion of partnership into private limited and vice versa.
• Reviewing and commenting on commercial deeds and agreements.
• Documentations and registrations for Non-Governmental Offices (NGO’S).
• Documentation and registrations for real estate acquisitions, transfers, gifts, and disposals, etc.
• Drafting and registration of commercial, trade, and shareholder agreements.

Human Resource

• One of the top benefits of hiring a payroll service for your organization is that it gives you the assurance that your bookkeeping responsibilities will be lessened and errors are also reduced.
• In some ways, although you are not making a lot of mistakes, it still can cost you when you do your own payroll. The resources, time, and energy that you should have spent on making business strategies, implementing them, and expanding your firm’s horizon are being stolen by the payroll duties that you need to finish.
• The payroll process can be quite complicated, thus taking so much time with the entire WPS payroll, deductions, hourly or monthly wage, holiday records, sick leaves, overtime, etc. that you need to keep track of. Since payroll is an essential part of a business’ financial side, it shouldn’t be taken lightly. There are even laws and regulations that payroll is associated with, and for this reason, precise records should be kept.

Scope of Outsourcing Payroll and HR Departments:

• Initial setup of the payroll components
• Setup of holiday records for each employee
• Adequate pay and deduction components on the payroll system to meet your requirements
• Fine tuning of the payroll system to ensure a smooth running of the payroll
• Advising or drafting local labor contracts
• Updating of compulsory elements according to the potential modifications/evolutions
• Transmission and insertion of possible modifications of payroll elements
• Sending of transfer orders to the bank
• Pay slips validation
• Processing of monthly payroll for all employees, taking into account salary entitlements, other benefits, and all required deductions
• Maintaining monthly payroll register for submission
• Review of bank transfer letters, salaries/payroll cheques, and payment vouchers
• Monthly pay slips for each employee
• Calculation of statutory gratuity payments
• Annual salary certificate for each employee
• Preparation of related certificates
• Preparation of journal voucher by cost center