Empyrean Professional Services

Empyrean Professional Services Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Empyrean Professional Services, No 7, Onike road, Industrial Estate , Sabo Yaba, Lagos.

Empyrean Professional Services is a young, dynamic and innovative professional services firm with specialization in Audit , Accounting, tax services and business advisory.

16/04/2026

Happy Birthday to our Managing Partner.

Wishing you a wonderful year ahead filled with good health, continued success, and greater achievements. Your leadership, guidance, and dedication continue to inspire us, and it’s a privilege to learn and grow under your direction.

May this new year bring you even more reasons to celebrate and accomplish remarkable things.

10/04/2026

Invoice vs Proforma Invoice — Know the Difference 📊

🔹 Invoice
A final bill issued after goods/services are delivered.
It is legally binding and used for payment and accounting records.

🔹 Proforma Invoice
A preliminary bill sent before delivery.
It is not legally binding and serves as a quotation or estimate.

✅ In simple terms:
Proforma = intention to sell
Invoice = confirmation of sale

08/04/2026

📌📌📌📌📌📌📌

05/04/2026

Happy Easter! 🌸🐣 May this season of resurrection bring you renewed hope, joy, and abundant blessings. Wishing you and your loved ones a beautiful and fulfilling celebration.

01/04/2026

April, don’t play tricks on us! 😉

Just jokes—wishing you a month full of sunshine, laughter, and good vibes.

Let’s go! ☀️

27/03/2026

📌📌📌📌📌☑️☑️

25/03/2026

📘 Excerpts from the Nigeria Tax Act (NTA)

Section 123: Charge of Duties (Stamp Duties)

“There is imposed duties on instruments at the rates specified in the Ninth Schedule to this Act, subject to the exemptions contained in Part III of Chapter Eight of this Act, being any instrument which is:
(a) first executed in Nigeria; or
(b) executed outside Nigeria, and relates to any property situated or to any matter or thing done in Nigeria.”

🔍 Layman Meaning:
Stamp duty is charged on documents that are signed in Nigeria, or signed outside Nigeria but relate to Nigerian property or matters.

💡 Practical Example:
A contract for the sale of a Lagos property is signed in London. Stamp duty still applies because it relates to Nigerian property.

⚖️ Effect:
These businesses only pay tax on what they keep, after paying out prizes and expenses.

📞 08060603156 | 08083452739
📧 [email protected]

TaxCompliance LagosBusiness Accounting TaxAdvisory Empyrean

23/03/2026

From a strategic standpoint, converting your business registration from a business name to a Limited Liability Company (LLC) may not be advisable at this moment.

Why? Because if tax savings are your primary goal, an LLC won’t deliver that. It changes your liability structure—not your tax classification. Before making the move, consider whether it actually aligns with your current business goals. Strategy first, paperwork second. 📊✅

KnowBeforeYouGo

20/03/2026

Monthly VAT Filing: More Than Just Compliance! 🗓️

Thinking about switching to monthly VAT filing? It’s a smart move with some great benefits for your business:

Better Cash Flow Management: Avoid big, unexpected bills by paying smaller amounts more often.

18/03/2026

Section 62: Lottery and Gaming

“(2) In determining the assessable profits of lottery and gaming trade or business, the following deductions shall be allowed... (a) any amount paid as winnings, prizes or similar payments from the relevant Prize Fund; (b) agency commission expenses incurred; and (c) levies paid to relevant regulatory and government authorities.”

Layman Meaning: Lottery and gaming businesses can deduct prizes paid out, agent commissions, and regulatory levies.

Practical Example: A lottery company takes in N100 million in ticket sales. It pays out N60 million in prizes, N10 million in agent commissions, and N5 million in regulatory fees. It pays tax on only the remaining N25 million.

Effect: These businesses only pay tax on what they keep, after paying out prizes and expenses.

15/03/2026

The date of incorporation stated on the CAC certificate and the date of commencement of business operations are two distinct dates that business owners must acknowledge.

Address

No 7, Onike Road, Industrial Estate , Sabo Yaba
Lagos
1

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

2348060603156

Website

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