Accountant at Efezi Southsea Nigeria Limited

Job Summary 

• The role of an accountant with good knowledge of taxation is very important in any organization, especially in businesses such as hotels, companies, and consulting firms.
• The accountant ensures proper financial management while also making sure the organization complies with tax laws.

Key Roles and Responsibilities
Financial Record Keeping:

• Maintain accurate records of all financial transactions.
• Prepare daily, weekly, and monthly financial reports.
• Monitor income, expenses, and cash flow.

Tax Planning and Compliance:

• Ensure the company complies with all tax regulations.
• Prepare and file tax returns on time.
• Calculate and remit taxes such as VAT, PAYE, Withholding Tax, and Company Income Tax.

Preparation of Financial Statements 
Prepare financial statements such as:

• Profit and Loss Account
  • Balance Sheet
  • Cash Flow Statement
• Provide management with financial insights for decision-making.

Payroll and Staff Tax Deductions:

• Manage employee payroll.
• Deduct and remit PAYE and pension contributions to the appropriate authorities.

Budgeting and Financial Planning:

• Assist management in preparing budgets.
• Monitor spending and ensure operations stay within budget.

Liaison with Tax Authorities:

• Communicate with tax authorities such as the Federal Inland Revenue Service and the Lagos State Internal Revenue Service.
• Handle tax audits and respond to tax queries.

Internal Control and Financial Compliance:

• Implement strong financial control systems.
• Detect and prevent fraud, financial mismanagement, and tax penalties.

Advisory Role:

• Advise management on tax savings strategies.
• Guide the company on financial decisions that reduce tax liabilities legally.

Importance to a Company:
An accountant with taxation knowledge helps the company to:

• Avoid tax penalties and legal issues.
• Maintain proper financial records.
• Improve profitability through proper tax planning.
• Ensure transparency and accountability.

Requirements

•  Interested candidates should possess relevant qualifications With Knowledge of Taxation.