Frequently Asked Questions
Find answers to common questions about our services, fees, and how to engage Kolawole Adegboye & Co.
All Frequently Asked Questions
What services does Kolawole Adegboye & Co. provide?
We provide statutory audit & assurance, tax practices & consultancy, forensic audit & accounting, accountancy services, financial advisory & business development, human resources training & recruitments, CAC accredited agent services and other management consultancy services.
Are you practised Chartered Accountants & Tax Practitioners?
Yes, we are licensed to practice as Chartered Accountants by ICAN and Tax Practitioners by CITN.
How do engagement and fees work?
After an initial consultation, we scope your needs and provide a clear fee before any work begins. Fees depend on the size, nature of the business and complexity of the engagement.
Do you work with small businesses and individuals?
Yes, we work with sole proprietors, SMEs & large organisations. We tailor our services to your stage, size and nature of your business.
Why should I hire you as a statutory auditor for my business?
We help to prepare reliable financial statements & reports, maintain accurate financial records, assess the company's risk, monitor financial performance & support tax compliance.
Does my company need a statutory auditor?
Yes, it depends on the type of entity, applicable legislation, size of industry and other regulatory requirements and to ensure that your financial statements bear auditor's opinion.
How long does an audit take?
Duration varies depending on the size of the company, volume of transactions, quality of accounting records, internal controls and complexity of the organisation.
What documents do I need to provide for an audit?
Financial statements, trial balance, general ledgers, cash books, bank statements, reconciliation, invoices, payment vouchers, receipts, payrolls, tax documents, assets register, inventory records and copy of CAC documents.
Do you provide bookkeeping services?
Yes, we assist with maintenance of accounting records, bank reconciliation, accounts payable and receivable, payroll records, management accounts and other bookkeeping services.
Do you provide tax services?
Yes, tax services which include tax compliance, tax advisory, tax planning, preparation and filing of tax returns, tax review, tax assessment, objection and related representation.
Can you review my company's tax position?
Yes, a tax health check will help to identify potential compliance gaps, underpayment, overpayment, documentation issues and areas requiring further attention.
What will happen if I fail to file tax returns?
Late or failure to file tax returns results in penalties, interest, high tax obligations and other consequences depending on applicable tax laws and regulations. We assist clients in understanding their obligations, addressing outstanding filings and unfiled tax returns.
Do you render Corporate Affairs Commission services?
Yes, we render pre-incorporation and post-incorporation CAC services such as registration of business names, companies, mosques, churches, NGOs, associations, foundations, filing of annual returns, change of directors, change of particulars of directors, shareholders, names of companies, shares increments and other CAC services.
Why should I engage you?
We help to carry out financial analysis and planning, risk assessments, financial advisory, audit and assurance, identify applicable tax incentives, improve tax compliance, manage tax risks, process of tax clearance certificate and other consultancies that are of benefits to the company's growth and development.
How do I engage Kolawole Adegboye & Co.?
Contact our offices through details provided on our contact page.
Still Have Questions?
Don't hesitate to reach out. Our team is ready to answer any additional questions you may have.
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