The firm has developed strong insights into major organizations and industries by using various skills and concepts developed by a young and highly motivated team of professionals, with varying backgrounds. They include Chartered Accountants, Information Technology specialists and General Management experts.
There are currently 15 consultants in the firm, most with advanced degrees. A great majority of our consultants have had immense and extensive experience in Audit, Tax Accounting and Management Consulting spanning several years in a broad set of industries, which they bring to bear on client businesses. We are committed to selecting the best from this group to work on any of its assigned project.
The combined experience of our professional Staffers garnered from over ten years of Tax, Audit, Training and Management Consultancy Services attest to our abilities.
At Pedabo Audit Services (Chartered Accountants) we specialize in providing independent and specialist support in Statutory Audit and Financial Advisory services to both public and private organizations. Our audits focus on financial management and organisational performance improvement, thus adding value to the systems of our clients.
We have developed our own in-house methodology in our approach to our assignments, the outcome of which makes our reports acceptable to any standard in the world. Our audit and accounting services also include:
- Internal Audit
- IFRS Conversion services
- Due diligence reviews
- Forensics and investigations
Pedabo provides financial management advice on operational and financing structures based on its thorough understanding of costing and management accounting systems. This includes identifying appropriate operational and financing structures, determining funding requirements, providing documented financial analysis and business plans, and facilitating financing for projects.
In addition to the above, we provide advisory services for business valuation and performance forecasting for mergers/acquisitions, divestitures, financial models and model audits.
The Nigerian tax landscape is fraught with a number of statutory and administrative peculiarities that could increase the risk and costs for the non-discerning business. Pedabo provides advice on tax planning with an objective of minimizing the organisation’s tax burden through a careful arrangement of the company’s activities. The firm adopts a robust approach to its tax services, which include taking advantages of the special provisions in the tax laws and local tax incentives regime. We also help client to manage their compliance obligations in a manner that optimizes their operations and increase the effectiveness of their overall corporate strategy. With our compliance services we focus on helping to prevent tax issues from becoming tax problems. Our services include Tax Planning and Compliance Management in the following:
- Corporate Tax
- Personal Income Tax
- Value Added Tax (VAT)
- Capital Gains Tax
- Petroleum Profit Tax
Liquidation and Insolvency Practice
Sometimes directors of a company are faced with the difficult choice of winding down the affairs of their company, either for the reason of a change in strategy, inability to meet creditors’ obligations or other reasons. The liquidation of a company could also be initiated by an unpaid creditor so as to reduce the risk of losing the entire investment in the company. However, liquidation and insolvency practice also includes business recovery and turnaround services for companies that are bugged down by debts and requiring restructuring to enable them bounce back to solvency
At Pedabo, our liquidation and insolvency services include the following:
- Administrative Receivership
- Debt Recovery
- Voluntary Liquidation/Winding up
- Compulsory Liquidation
Transfer Pricing Services
The Nigerian government, through the Federal Inland Revenue Service (FIRS) joined the rest of the world by issuing its transfer pricing regulations known as the Income Tax (Transfer Pricing) Regulation No 1, 2012 with effect from August, 2012. Before these regulations were issued, the tax authorities relied on a rule-of-thumb approach in determining the arm’s length value of transactions. The regulations cover dealings between connected persons both locally and internationally and require related or connected entities to prove that transactions between them are at arm’s length.
To help our clients and prospective clients in achieving the TP compliance requirements by FIRS, we provide the following Transfer Pricing services:
- Transfer Pricing Planning
- Transfer Pricing Implementation and Monitoring
- Transfer Pricing Documentation and Compliance
- Filing of Transfer Pricing Returns
- Transfer Pricing Audit Management
Payroll Management Services
Our services under payroll management are aimed at taking the burden of the payroll function off the chest of our clients so that they are able to focus on their core business activity. The service is also geared towards ensuring efficiency in payroll calculations and statutory deductions (tax, pension, NHF, etc) and administration in a manner that eliminates the risks of missing deadlines and suffering the attendant legal consequences, while also ensuring the confidentiality of personnel emolument information both within and outside the organization. The payroll service offerings include:
- Payroll structuring and optimization
- Payroll database hosting
- Payroll report generation
- Electronic distribution of personalized Payslip
- Payroll and deductions disbursements
- Payroll advisory