For over ten years, our experienced professionals have helped clients achieved financial management success through the delivery of high-quality audit and assurance services. The majority of our services in this arena are delivered to private company including charities, trade and membership associations, and international non-governmental organizations.
When it comes to tax planning and preparation, you need someone to help you identify and take advantage of a full range of tax saving strategies. Our comprehensive practice offers specialized expertise in every area of taxation. Our professionals have more than ten years of experience understanding each client’s unique personal and professional tax circumstances.
When you need to focus on your core business, outsourcing your accounting services can be a great strategy. Ikuje Owoetomo & Co (Chartered Accountants) professionals can supplement and perform your accounting functions on-site or off-site for just as long as your organization needs our services.
We provide statutory secretarial advisory services to those of our audit clients that require such services either on a permanent (retainer) basis; or as at when needed.
In addition to the above, we are also engaged in:
The Industrial Inspectorate Act, 1970 provides that every establishment which intends to acquire in a year of assessment assets worth N500,000 must file a notification with the Industrial Inspectorate Department (IID) of the Federal Ministry of Industry. On acquisition of the assets, a Tax Acceptance Certificate is required to support the claim of capital allowances on the fixed assets utilized by your organization in earning the profit.
When an account is filed, the Federal Inland Revenue Service will temporarily grant capital allowances claimed on the fixed assets acquired in a financial year on the assumption that Tax Acceptance Certificate will later be submitted to support the claim. Where the TAC is not submitted within a reasonable period of time the capital allowances claimed will be withdrawn which may lead to substantial increase in the tax liabilities of the organization.
Our strong belief in proper and efficient management of our client’s assets portfolio with a view to obtain an approval based on the fixed assets figures in the audited accounts.
Our team of experts who are professionals in this field will systematically classify the organization fixed assets in such a way that the approval we shall obtain from the ministry will support maximally the capital allowances claim of the organization. We will process the TAC for your company’s assets, create detailed records of your fixed assets and ensure that the approved figures are equal to the cost of the assets booked in your audited accounts.
Our mission is to provide exceptional Audit and Assurance services, Tax advisory and consulting services to our clients.