Organization

The firm has build up a formidable team of qualified staff including qualified Accountants, Consultants, Graduate Trainees, Chartered secretaries, Scientists, and other supportive staff.

SERVICES RENDERED

Olufemi Balogun & Co. has specialized faculties to handle the following engagement:

·         Special Investigation

·         Accounting

·         Taxation

·         Recovery of Debt from Corporate Organization and Individuals

·         Management of Debtors on Loan and Advances

·         Withholding Tax Recovery

·         Information Technology System Design and Implementation

SPECIAL INVESTIGATION

We carry our special investigation for special purposes as may be directed by our Clients.

These types of investigations cover the following:

·         Purchase of business

·         Prospectus

·         Fraud

·         Advancement of Loan

·         Fire and Burglary Adjustments

·         Liquidation of Companies

·         Inefficient Performance of Duties (Work Study)

·         Weakness of Accounting System that may lead to large scale fraud

·         Mode of awarding Contracts

·         Performance Appraisal and Certification of Works completed which leads to payments.

·         Recovery of Bank excess charges.

·         Projects monitoring and compliances

ACCOUNTING AND BUDGET ADMINISTRATION

Keeping of proper accounting records is vital to any organization. From our past experience, we observed that inadequate accounting records or failure to bring the accounting records up to date usually lead to commitment of errors and fraudulent practices.

In order to forestall this, we offer the following services to some of our Clients:

·         Keeping of all client accounting records on contract basis

·         Setting out sound accounting records for the staff to follow

·         Assisting client’s staff where they have problem in closing the books of account.

·         Preparation of end-of-the-year account on our own or in conjunction with the client staff.

·         Designing and supervising implementation of accounting systems to facilitate clients’ efficiency in processing management information and controlling of Operations.

·         Writing up accounting and administrative procedure manuals.

·         Ensuring adherence to the internal check system and also offering internal audit services.

As management tool, we assist client in their budgeting and budget reporting with the view of ensuring operational efficiency.

TAX CONSULTANCY SERVICES

·         Tax Planning for clients covering PAYE, withholding Tax, Company Income Tax, Value Added (VAT), Capital Gains Tax, etc.

·         Computation of Company Income Tax, Capital Allowance and Balancing Charges.

·         Procurement of Tax Clearance Certificate for Companies.

·         Procurement of Tax Audit Clearance for Companies.

·         Interpretation of New Laws, Decrees and Edicts.

·         Liaison between Companies and / or individuals and Tax Authorities i.e. both Federal / State Offices.

SECRETARIAL SERVICES

The Secretarial Arm of our firm handles our secretarial services. We therefore, render the following services:

·         Covering Annual General Meetings

·         Covering Board of Director Meetings

·         Covering Extra-Ordinary Meetings

·         Ensuring that all statutory books are kept properly

·         Filling of Company Annual Returns

·         Increase of Share Capital

·         Incorporation of New Companies

·         Registration of Business Names, Trust, Clubs, etc

·         Carry out other Company Secretariat functions as may be directed by our clients and Law.

MANAGEMENT

We offer various management services to our clients by providing them with technical and professional write-ups, such as:

·         Feasibility Reports

·         Implementation of new projects, where financial expertise are required.

·         Management of on-going organization, where such organization has managerial problems, and still wants to remain in operation.

·         Receivership on behalf of Creditors, Banks and other Financial Loan Creditors.

·         Merger & Acquisition.

·         Liquidation of Companies and

·         Business Advisory Services.

GENERAL SERVICES

We organize training workshops and seminars for our clients and the general public on financial, economic and industrial issues.

We provide technical assistance in the staff development of our clients by organizing in-house and on-the-job training programme.

We provide technical advises to our small clients (Private Limited Companies, Partnerships, etc.) who could not afford to employ highly technical accounting personnel for their day to day activities.

We help our small clients to communicate to outside world in relation to their business operations.

We render recruitment services for our clients – low, middle level and top management staff for the smooth running of their companies.

We handle salary administration for client. This service includes payroll planning in general on the Institute of Chartered Accountants of Nigeria (ICAN) “Approved Scale of Professional Fees.

Other Professional Services

Olufemi Balogun & Co. is equipped with competent professionals to carry out the following professional and advisory services:

¨  Accountancy

¨  Information Technology

¨  Finance

¨  Auditing

¨  Training

¨  Taxation