tax audits are now commonplace often resulting in backdated tax demands that may be significant.

Stakeholders face several risks, including the principal taxes, penalties, fines, interest, and, in rare instances, criminal charges for economic offenses.

The aim of tax health-checks is to scrutinize current tax positions, pinpointing any inaccuracies, inefficiencies, or areas of potential risk. These assessments may encompass all tax types or focus on specific ones. Should any problems be identified, the process includes exploring avenues for potential tax savings.

It is imperative therefore, that organisations should be proactive and take all the necessary steps to minimize non- compliance risks and tax exposures.

How can we assist?

 A DMO and Associates Tax health check is a methodological approach that we adopt in reviewing financial transactions with an objective of advising on the nature and extent of the exposure of organizations as regards to tax liabilities.

In the review, we are able to observe areas that organizations can confront in a bid to minimize on these tax liabilities. At the end of the review, we are able to help organizations come up with a formidable tax plan that minimizes on tax risks and maximizes on tax opportunities and help reframe tax objectives and goals.

Overall, a tax health check is a valuable tool for businesses and individuals who want to ensure they are meeting their tax obligations and avoiding costly penalties and fines. By identifying potential risks and providing recommendations for improvement, these services can help clients improve their tax compliance and avoid future problems.