Who we are Bradley Consult Services (Financial and Management) is a professional firm of Tax, Management & Financial Consultants registered with Corporate Affairs Commission. Our services are tailored to meet international standards; hence, we are staffed with seasoned professionals who have garnered experiences in Tax Consultancy, Finance and Management Consultancy as well as Accountancy Services. The firm places great emphasis on continuing professional education for its personnel and as a commitment to our promise of ‘Delivering Seamless Consistent High-Quality Client Service, nationwide’, our staff take regular opportunities for both local and overseas training aimed at career development, specialized knowledge and establishing contacts. The current addresses of the firm are: Head Office: 14 Allen Avenue, Ikeja, Lagos. Abuja: 84 Emeka Anyaoku Street, Area 11, Abuja. In the course of some of the assignments that were undertaken in the past, we have developed a large pool of professionals and other competent staff that have absorbed the full import of our assignments by which we have perfected our method of service delivery. The firm has over the years abreast itself with the operations of the Nigerian Tax System, Public Sector particularly in the area of Public Sector financial management, accounting and debt recovery drive. The quality of our services is of paramount importance to us. Therefore, we engage upto-date management tools to perform and implement assignments as required by our clients. 4 Personal Income Tax Tax Consultancy Company Income Tax Ensure adequate tax planning in order to reduce the tax burden Representing our clients in tax audit without violating the provisions of liability reconciliation meeting and other the tax law. issues that fall within our terms of engagement. Rendering the year-end PAYE returns by completing the FORM H1 and filing Prepare and render Tax Returns to the them Revenue Office on your behalf. Obtaining demand with notices, Revenue filing Office States Internal your Business Offices are located including Head Office. and arranging for payment of the agreed taxes the Revenue Service (IRS) Offices where objections where necessary, agreeing of accounts with Filing of Income Declaration Forms (FORM A) and processing same with Tax advisory and planning through careful the State IRS. review of your activities and installation of an efficient tax system. Obtaining Tax Clearance behalf Certificates Educating clients on the area of Withholding Taxes (WHT) Advising on the appropriate rates of WHT to be applied on all transactions that fall Monthly Payroll Management Pension Fund compliance service Pre and Post Audit review exercise PAYE compliance Services Some of our PAYE services include: bracket as well as handling of other states levies such as Development Levy, Business Premises Renewal (BPR) etc. Advising on filing of personal income tax Form A with the relevant tax offices on behalf of the company’s employees; Advising the company on taxes payable to the relevant tax authorities Advising on VATable and Non VATable item. rendering of compliance Value Added Tax and Inland Specifically our payroll outsourcing services shall entail the following: within the federal and the state’s WHT Preparation Federal Payroll Outsourcing Income Tax and other relevant laws. the offices. amendment to the existing Corporate with Revenue Service (FIRS) and States tax (TCC) from the Revenue Office. Handling of Tax queries on your VAT returns. 5 Advising on making end of year returns to the relevant tax authorities Advising on Salary structuring, etc. the Contract employment. procedure for the payment to the relevant State Pension details. tax offices Assisting in applying for, processing Banking details of employees and obtaining tax clearance certificates for all Retirement benefit scheme employees or as directed by the company Payroll Management Payroll Processing: Preparing the payroll to accommodate the We would require you to provide your company following: monthly payroll data and then proceed to prepare the necessary payment schedules for the net other financial changes salaries; detailing the statutory contributions and other third party payments (e.g. pension, medical Salary increase, commissions; bonuses or employee compensation contribution), you would Benefits – company car, housing provision etc. then be required to advise your bank to do the transfer for the payment to the respective employee and other statutory agencies to avoid non-compliance with relevant laws. Processing termination or new joiners Processing the pension contributions Processing any changes in medical aid or Set – up Process retirement savings contributions We will require having pre set up meeting with Processing any leave taken your representatives where issues such as your Advising the company of the total salary expectation, the company rules in term of staff costs to be provided benefits will be addressed. Preparation of net pay schedules for each Specifically, the followings shall be examined bank for transfer of the net salaries into properly during the set up stage. the employees banking accounts Company policies on: Medical aid. Leave. Print standard payroll reports Issue employees with pay slip Completion of the payroll associated returns (PAYE, Pension, ITF, NSITF and Allowances. NHF) Overtime. Preparing third party schedules Working hours. 6 Excess Bank Charges The effects of excessive and improper bank charges has been a major setback for organisations as their financial capacity in meeting up. We offer the use experienced investigation and reconciliation techniques to control these set backs. In the course of our exercise, we will; Ascertaining all wrong debits/posting to the banks statements of all the designated banks. Proper reconciliation with the respective Banks to eliminate disagreement. To ensure that all the excess charges/wrong debits established are paid back . Timely reporting and Accounting of the exercise At the end of our exercise, it is our believe that your organisation will derive some benefits which include; Revenue leakages will be blocked . Your organisation will have the financial capacity to meet up with obligations and aid proper financial planning. 7 Special Audit and Investigation Assets Verification and Valuation Our firm has over the years been involved in Assets carry a large value in terms of various Non-assurance services particularly quantity and cost or Net realizable values in the area of special audit and investigation. and are in most cases scattered over It is important to stress that our experiences various locations. In some cases, they are in this area cut across various sectors of the not realistic in value due to depletion, Nigerian economy. The private and the public pilferages, usages and passage of time. sector also form part of our area of focus in Against this backdrop, we assist our client’s this regards. in confirming the physical existence as well as realistic values and thus justify the Our firm is designed in such a way that Nonassurance services are handled in the best interest of our clients. representation in the financial statements. It is our general belief that at the end of our exercise, your company’s needs would Some of the sectors/industries where we have been fully addressed. have garnered experiences over the years In addition, Some of the benefits derivable include; by your company from the verification / Telecommunication Industry Transportation Industry Oil and Gas sub sector Marine Industry Manufacturing, etc. coding exercise includes; Register. or advance their to anticipate True and fair Statement of Movable Assets. We employ “business approach” to identify opportunities Detailed and accurate Movable Asset problems occurrence and in accountability. then recommend appropriate action to our clients. Internal compliances; better control and Valuation – Accounting for any discrepancy. Verified existence / accurate coding of movable assets. Acceptance Certificate Statutory and Regulatory Compliance. For the purpose of granting Capital Allowance by the Federal Inland Revenue Service (FIRS), Qualifying Capital Expenditures purchased by a company are to be registered and a certificate obtained from the Federal Ministry of Trade and Investment. This area of taxation requires experienced and competent professionals. 8 Training, Development and Human Resources Consulting In cognizance with our high premium placed on human resources, we appreciate the importance of continuous training and development of human capital to help keep Recommendations abreast of the ever dynamic business world. We make use of modern training techniques We will be able to make appropriate recommendations base on the specific findings from the exercise. and aid to maximize benefits to the personnel and reduce to the barest minimum the usual classroom boredom Our services in this area include: In house training Change management and Value Analysis Performance management Accounting and Advisory Service; Business • Sales certification (Eleme Petrochemicals Company Limited) • Installation of accounting packages • Internal Control System implementation and review 9 Our Firm’s Driver (Key Personnel). We have assembled a team that, from our experience, will achieve your objectives of this assignment. Our team for this assignment comprises chartered accountants with deep experience in Tax Consultancy. Odetoye Olusakin is the managing consultant. He is responsible for strategy development and operational activities improvement in line with our quality and service management standards. He is supported by Laide Osunkoya, Adebanjo Oluseyi, Tele Ogunjobi and Adeuti Williams (Among Others) in effective service delivery. The Curriculum Vitae of the key personnel are reflected on the next pages. Tele Ogunjobi Assurance and Advisory Partner Engagement Laide Osunkoya Tax Advisory Consultant Partner Partner| Audit and Assurance Services Odetoye Olusakin Managing Consultant Adebanjo Oluseyi Senior Associate Adeuti Williams. Senior Consultant Engagement Partner Partner| Audit and Assurance Services ner| Audit and Assurance Services 10 Our proposed team (cont’d) Odetoye Olusakin Managing Consultant 08033953095 bradleyconsultservice@yahoo.com ODETOYE MUKAILA - HND, ACA Odetoye Mukaila qualified in 2000 as an Associate of the Institute of Chartered Accountants of Nigeria. He holds HND in Accountancy from The Polytechnic Ibadan and has worked both in the private and public sector for a total period spanning over a decade. He had his early training with Aloba Awomolo & Co. a firm of Chartered Accountants where he rose to the position of Audit Manager within two and a half years. He later joined Adebola Sobanjo & Co. (Chartered Accountants) as Audit Manager. He has been the engagement consultant for many assignment over the years ranging from Tax Consultancy ,Audit and Assurance, Financial Consultancy, Public Management Services, Special Audit and Investigation, Human Resource Management and Consulting among others which cut across both the private sector and the public sector. His wealth of experiences over the years has put him in good stead particularly in directing the affairs of the Firm. He is presently the Managing Consultant of the Firm. . 11 Our proposed team (cont’d) Laide Osunkoya (FCA) Partner 08077721000 E-mail:bradleyconsultservice@yahoo.com LAIDE OSUNKOYA – B.Sc (Hons) Accounting, MBA, FCA Laide Osunkoya qualified in 1994 as a Chartered Accountant. He is a Fellow of the Institute of Chartered Accountants of Nigeria. He had B.Sc (Hons) 2nd class Upper division from Ogun State University (now Olabisi Onabanjo University) AgoIwoye in 1992 and Masters in Business Administration (MBA) from the University of Nigeria Nsukka in 1996. He started his work career with SGE Nigeria Ltd as Accountant from February 1993 to March 1997. He later moved to Standard Trust bank (now United Bank for Africa) where he worked till year 2000 before again joining Fortune Bank as Senior Manager Internal Control and Banking Operations. He is a Partner (Tax Advisory and Consultancy Services) with the Firm. 12 9 Our proposed team (cont’d) Tele Ogunjobi (FCA) Assurance and Advisory Partner 08034084796 Bradleyconsultservice@yahoo.com TELE OGUNJOBI B.Sc (Hon), FCA, FCIP, FCTI, M.Sc Corporate Governance Tele qualified in 1995 as a Chartered Accountant. He is a Fellow of the Institute of Chartered Accountants of Nigeria, fellow of both the Chartered Institute of Taxation of Nigeria and Certified Pension Institute of Nigeria. He holds Master Degree in Corporate Governance from Leeds Metropolitan University, UK. He has experience in both public and private sectors of the economy. He had his basic degree in Accounting. He started his career with Spintex Mills Nigeria Limited as Assistant Manager – Audit. He later moved to BDO Balogun Badejo& Co. (Chartered Accountants) where he was Manager – Professional Import Duty Administration (P.I.D.A.). He worked with Messrs Olusola Adekanola & Co., S. S. Afemikhe & Co. Kehinde Kassim& co. Firms of Chartered Accountants as Consultant, Senior Audit Supervisor and Tax partner respectively. He became the Managing Partner of Tele Ogunjobi & Co. (Chartered Accountants) in 2000. He is presently the Assurance and Advisory Partner to the firm. Client Experience Tele has acquired experience that spans the following areas: Audit & Assurance, Acceptance Certificate, Fixed asset verification, Structuring of contract agreements for maximization of business opportunities and tax incentives, expatriate cost management, compensation restructuring and payroll management, advisory services, corporate tax compliance to oil and gas companies and tax resolution issues. He has been Engagement Partner on various compliance support services; Eleme Petrochemical Company limited Vanguard Media Limited Nigerian Railway Corporation Nigerian Port Authority National Information Technology Development Agency (NITDA) Standard Trust Bank Plc (Now UBA Plc) Aarti steel Nigeria limited African steel Nigeria limited African Port services Aurus Parkaging Limited Parco Enterprises Nigeria Limited Premier polymer Nigeria limited 13 Our proposed team (cont’d) OLUWASEYI ADEBANJO - Adebanjo Oluseyi Senior Associate 08033296704 bradleyconsultservice@yahoo.com B.Sc (Accounting, ACA) Oluwaseyi Adebanjo qualified in 1998 as an Associate of the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation of Nigeria in 1999. He holds B.Sc (Hons) Ogun State in Accounting from University (now Olabisi Onabanjo University) Ago-Iwoye and has worked both in the private and public sector for a total period spanning over a decade. He started his work career with Lagos State Board of Internal Revenue as a Senior Inspector of Taxes from 1997 – 2004. He later moved to First Inland Bank Plc as a Resident Internal Controller till year 2007 before joining Oceanic Bank International Plc (Now Ecobank) as Resident Internal Controller till 2009. He is a senior associate with the firm. 14 Our proposed team (cont’d) Adeoti Williams Kayode - Adeuti Williams Senior Associate bradleyconsultservice@yahoo.com B.Sc (Accounting, ACA) Adeuti Williams qualified in 1989 as an Associate of the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation of Nigeria in 1997. He holds B.Sc (Hons) in Accounting from the University of Lagos, Akoka and has worked both in the private and public sector for a total period spanning over a decade. He started his work career with Okitipupa Oil Palm Plc from 1987 – 1988. He later moved to premier metal industries limited as an Internal Auditor. He has worked has a key figure in major organisation including Ayo Akinyelure & Co, CFAO Technologies Nig. Ltd as the chief accountant before moving to Superflux International Ltd. Where he served as the group finance manager from 2009 – 2011. He is a senior associate with the firm. Others: Solomon Olabisi (B.Sc, Accounting) Sogunro Ajibola (B.Sc Economics) Odutemowo Agbolahan (B.sc Business Administration) Omoyele Jumoke (B.Sc Accounting) 15