Damilola Ogunnaike Acca, Aca, Acti Email & Phone Number

Lagos, Nigeria

Lagos, Nigeria

• Responsible for compliance with local and relevant international tax laws. Worked with retained external tax consultants to keep abreast of tax publications and law releases and advised management on the implications of relevant new tax laws.• Responsible for timely reporting and payments of monthly taxes: PAYE, NHF, Pension, NSITF, WHT and VAT, achieved by monthly review of the payroll and of expense schedules prepared by Account Payable team.• Primary point of contact for our external retained tax consultants. Managed and challenged them to ensure timely and accurate submission of monthly returns and on-time calculation of annual CIT for Group and statutory audit, as well as finalising submission of related returns in accordance with statutory deadlines. • Primary point of contact during tax audits – during my tenure the business was tax audited twice (LIRS = 1, FIRS = 1). I organised our affairs and our response such that the tax authorities completed their field work in less than 1 week in both cases with negative findings limited to penalties and interests on both occasions. • Supervised Accounts Payable team, providing extensive on-the-job training for junior staff. Resolved tax queries and disputes with vendors and customers. Delivered monthly reconciliations with key vendors to reduce potential for disputes.

Lagos, Nigeria

• Managed a six-man tax consulting team. Provided weekly trainings, reviewed tax computations and supervised team members. • Responsible for the preparation of Income Tax computations and filling of company tax returns for clients. I ensured monthly and annual returns were carried out on time. • Ensured timely preparation and filing of monthly transaction taxes on behalf of clients. Requested appropriate schedules on time to meet deadlines. • Liaison between firm and clients to maintain and strengthen the relationships.• Assisted clients with the Voluntary Assets and Income Declaration Scheme (VAIDS) applications. Ensured timely filings to avoid sanctions from the tax authorities. • Annual processing of company and employee Tax Clearance Certificates.• Liaison during client tax audit exercises – I represented over 25 clients during LIRS and FIRS tax audits to ensure a favourable conclusion of issues raised by these tax authorities. • Conducted trainings on tax management and planning for in-house tax officers across client portfolio. • Carried out tax health checks and spot checks to ensure full compliance and avoid infractions, minimising sanctions by tax authorities.• Performed tax due diligence for clients wishing to invest or buy other companies. I led 4 such engagements during which I identified major tax exposures and risks associated with the acquiree, strengthening position of our client during final negotiations.• Ensured timely collection of client fees in my portfolio by invoicing promptly and ensuring good customer relationship.• Seconded to UAC Nigeria as Tax Manager from November 2018 to February 2019.

Lagos, Nigeria

• Provided group lectures, and personal tutoring services to students preparing for Paper F6 (TX) and P6 (ATX) UK variant.• Provided examination tips and time management techniques to help students effectively and efficiently utilise exam periods.• Arranged revision classes and mock exams.

Victoris Island, Lagos

• Reviewed personal and corporate tax computations prepared by trainees. Managed trainees to ensure accurate filings.• Liaison between State and Federal tax agencies for timely processing and collection of Tax Clearance Certificates. Clients were able to submit bids for jobs as a result of the timely collection of the TCCs.• Represented clients during State and Federal tax audits and attended reconciliation meetings. • Ensured clients tax payments were up to date.

Lagos, Nigeria

• Key contact for LIRS, FIRS during Certificate of Acceptance on Fixed Asset Audits, also primary responder to internal and external statutory auditors on tax matters. During my tenure, I was able to ensure that the tax authorities concluded their field work for all tax audits in less than a week.• Managed and challenged external tax consultants to ensure proper and timely calculation of CIT, transaction taxes and employee taxes. • Prepared and ensured timely submission of monthly WHT and VAT schedules, and collection of WHT credit notes. I followed up with the appropriate tax authorities on a monthly basis to provide all credit notes on time.• Checked incoming invoices with particular attention to compliance to WHT and VAT regulations. Achieved this by ensuring the appropriate transaction taxes were deducted and remitted.• Prepared treasury reports and handled other treasury-related matters, such as Fixed Deposits and Dividend remittances. We achieved close to 90% timely submission of Head Office reporting.

Lagos, Nigeria

• Prepared and filed annual Company tax returns and PAYE annual returns. I achieved a 100% record ensuring all my client returns where filed on time and no sanctions were issued.• Responsible for payroll-related services for clients in my portfolio. Managed client HR and in-house tax officers for retrieving information.• Processed Corporate and Individual Tax Clearance Certificates & Cards. Clients were able to submit bids for new jobs as a result of the timely collection of the TCCs.• Prepared schedules and filed monthly VAT and WHT on behalf of clients. Liaised with tax authorities to ensure WHT credit notes and VAT receipts were collected on time.• Registered clients with the relevant tax authorities. I was able to successfully register all the new clients assigned to me to enable their business activity.• Coordinated responses for my clients to LIRS tax audit exercises and FIRS investigations, typically a complex process of meetings and negotiations that can take more than a year to resolve.

Lagos, Nigeria

• Rotdam Nigeria Limited is a Construction company and I provided support to the Company Accountant on a daily basis.

Abuja, Nigeria

• Teachers Media International Limited is a company that provides educational support services and I worked with the CEO in the administration of day to day activities including logistics.

London, United Kingdom

• Worked with the Chief Operating Officer and Chief Financial Officer on yearly financial forecasts.• Developed and analyzed current year budgets.• Helped to create and develop a financial model and business growth plan.

Lagos, Nigeria

• Performed tax assessments and determined income tax liabilities for newly registered individuals (employed and self-employed), companies and high net worth persons. • Carried out over 50 annual tax audit exercises and assisted with compiling and preparing all tax audit reports. My group achieved 90% compliance with Delivery deadlines.

London, United Kingdom

• Assisted with the preparation and validation of time sheets and pay slip production.• Resolved payroll discrepancies on an accurate and timely basis.• Processed and monitored all staffing changes: Maintained employee absence records.• Responded to payroll enquiries.

London, United Kingdom

• Recorded and banked all cash and cheque income.• Assisted in the preparation of bank reconciliation accounts.• Assisted the Accountant in carried out month-end procedures.• Kept an accurate and up-to-date internal accounts and reconciled those accounts system on a monthly basis.

Dublin, Ireland

• Prepared and revised existing offers requested by customers, branch representatives or brokers. • Liaised with brokers to resolve any issues or additions to offers.• Managed client accounts and provided them with a range of customized financial services.• Liaised with bank and finance officers to ensure clients were provided with excellent services.

Dublin, Ireland

• Prepared compliance audit reports.• Generated weekly management reports.• Carried out variance analysis on weekly targets.• Recorded and deposited all cash and cheque income and managed petty cash on a weekly basis.• Ensured the store operations ran efficiently in the absence of the store manager.• Coordinated interviews, recruited and trained new staff.• Performed other ad hoc duties (recruiting and training new staff, payroll duties) as directed by the store manager.

Master Of Arts (M.A), International Business And Management

Dissertation: Determinants of Tax Compliance Behaviour: A Case Study of The Nigerian Tax System

Bachelor Of Arts (B.A.), Accounting And Finance

Education record