Know What We Do
Tax Planning And Advisory
A good tax advisor can’t choose which tax problems to help solve and which to ignore, so we wanted to create a firm to address it all and lessen our clients’ tax burden. It is smart tax planning that makes all the difference come year end.
While we are happy to prepare your individual or business tax return, its smart tax planning that makes all the difference come year end. Our tax advisors can advise you on decisions made throughout the months that can lessen your annual tax burden. With our keen oversight of your return, you can count on receiving every deduction available. Plus, our clients have the added benefit of around-the-clock online access to all their tax documents via a secure, personal login on our website. Our goal at Broadview Advisors is to help individuals and families lessen their tax burden in line with relevant tax laws.
We liance with the tax authorities on your behalf to help you pay the right amount of tax for your organization while conducting regular tax health check on your business transactions.
Company Income Tax
The objectives of our corporate taxation services are to ensure that the tax liability in the audited accounts is correctly stated on a yearly basis and to facilitate the process of obtaining the companies tax clearance.
Nigeria operates a VAT system that is governed by the VAT Act of 1993 (amended up to 2007). The law requires all businesses operating in Nigeria to register for VAT and to charge VAT on all relevant transactions, collect an account for the VAT charged to FIRS on a monthly basis.
Nigeria also operates a Withholding Tax (WHT) system based on specific provisions in the various income tax laws. Businesses are mandated to deduct WHT on behalf of the government at the point of payment for qualifying services.
Our service in this regard is to ensure proper and timely compliance with the VAT Act and WHT system on routine compliance and occasional services in the following areas:
- Proper keeping of VAT records and filing of VAT returns on a monthly basis;
- Remitting VAT charged and claiming refund where applicable;
- Liaison with the Integrated Tax office in respect of any VAT issues raised;
- Computation and review of monthly WHT deductions against payment vouchers;
- Advice on WHT payable;
- Guide appointed officers on preparation of appropriate documents for payment of WHT to the respective tax Authorities.
Personal Income Tax
Our personal taxation services are geared toward ensuring that employees are subjected to the minimum possible taxation, through innovative income distribution schemes. Further, we would handle personal income taxation matters on behalf of employees in the following areas:
- Staff salaries structuring and PAYE tax planning;
- Registering the company with the relevant state Tax Office for the purpose of PAYE;
- Obtaining personal income tax forms and remittance cards for employees;
- Determining the correct amount of tax payable by each employee and remitting same to the tax office;
- Obtaining tax clearance certificates for employees;
- Liaison with relevant state tax authorities and consultants during PAYE and Withholding tax audit;
- Filing of annual tax returns;
- Filing of Directors Annual returns and processing Tax Clearance Certificates;
- Generally advising on other levies and taxes due from the bank.