Tax health check is carried out to ascertain/determine the level of tax exposure of our clients and to advise them accordingly.

Procedure:

• Select a team for the audit exercise
• Request for the under listed documents before the pre-tax audit date:

                    -Payment vouchers

                    -Bank statement

                    -Monthly payroll

                    -Evidence of pension remittance

                    -Evidence of PAYE remittance

                    -Evidence of WHT remittance

                    -Annual returns file

                    -CAC documents

                    -Audited financial statement

                    -Previous demand notice

                    -Evidence of Life assurance remittance (if any)

                    -Evidence of NHF Remittance (if any)

                    -Directors’ fee

• For organizations with expatriates, the following documents will be needed for the pre-tax audit:

                    -Expatriate payroll

                    -Expatriate quota

                    -Expatriate returns

                    -Evidence of PAYE remittance or direct assessment remittance

• The team visits the client business premises to carry out the audit exercise.
• After the documents are obtained, the team captures transactions that attract withholding tax at the audit field by reviewing the company’s bank statement, financial accounts, payment vouchers and WHT schedule.
• Details on the payroll provided by the company alongside the withholding tax transactions captured on the field are computed on the tax liability template to generate the tax liability for the period under consideration.
• The PAYE and WHT remittances made are subtracted from the tax liability generated to determine the company’s outstanding tax liability.
• The client is advised accordingly based on the outstanding tax liability.