With our Vi-M TAS cover, we provide quantum discount on the annual compliance services

Committed to delivering services tailored to clients needs through offering a value adding tax services that ensure the most optimal tax structure for business and industry in Nigeria, Vi-M Professional Solutions, a services providing firm with focus on tax, accounting, financial advisory, audit, management consultancy and corporate communications, has rolled out new plans that will help make tax and regulatory compliance easy, and ensure that businesses takes advantage of any available tax incentives pertaining to it.

According to the co-founder and partner at the firm, Dr. Vivian Chigozie-Nmonwu, the new offering is part the firm’s continuous collaboration with SMEs, and effort to amplify their voice/support them by providing a soft sail through the challenging business environment in Nigeria.

She said, “We are introducing our new SME product — Vi-M TAS Cover. This provides annual cover for every subscribing business on its tax, accounting and audit requirements for as low as N230,000 per month for businesses with annual turnover of N50 million and below; and N367,000 per month for businesses with annual turnover ranging between N50 million and N100 million.”

“It covers a wide range of financial service needs including, annual preparation of financial statements, annual audit of financial statements, monthly preparation and filing of value added tax (VAT) returns, monthly preparation and filing of withholding tax (WHT) returns, collection of WHT credit notes for the company’s suppliers after the WHT remittance,” she added.

She explained that the package not only articulates and provides quantum discount on the annual compliance services, but also guarantees absolute peace of mind for SME executives/entrepreneurs as Vi-M provides all the required professional support in complying with these regulatory requirements.

“Other areas the new product will cover is monthly payroll processing, calculations of pension and pay-as-you-earn (PAYE) deductions, annual companies income tax (CIT) computations, annual preparation of tax disclosures in the financial statements, annual filing of CIT returns based on audited financial statements,” Chigozie-Nmonwu stated

On the company’s insight and strategy, Chigozie-Nmonwu said that with the team of writers, the firms will ensure that clients are kept abreast of the latest news and discussions around fiscal issues within the economy by sending them frequents newsletters and alerts and creating a forum for insights and discussions among like minds on the company’s blogs.

“In the few period of our existence, we have through our professional solutions from business positioning strategies to end to end back office finance, we have been able to ensure business process improvement and talent management support, perfect tax effective structure for clients line of business, and we seek to provide a soft sail through the ever changing fiscal terrain of the growing Nigerian economy.”

.