Our Core Services
Accounting is an important element of every business. No business can get ultimate success and competitive market edge without having proper records of its financial transactions. For a successful business entity, a record of just even a single penny proved to be vital for decision making.
We provide professional Accounting & Bookkeeping Services to our valuable clients in Pakistan. This service definitely adds value to business processes by giving them timely and accurate picture of business. In this way we join our clients in their journey toward objective and goals achievement.
Our accounting & bookkeeping services are not limited to:
- Record keeping of financial transactions.
- Receivables Management.
- Payables Management.
- Inventory Management and Reporting.
- Working Capital and Treasury Management.
- Monthly and Annual preparation of Financial Statements.
- Backlog clearance.
- Compliance with local and relevant laws and regulations.
Audit is an independent assessment of business’s controls, operations and books & records. The business environment is dynamic and changes occur frequently at micro and macro levels. If there is a change in company’s internal and external environment, the risks facing the company is always changing. Due to the fact, the business controls and processes should have been gone through an independent and objective assessment to assess their operating effectiveness whether they are working effectively or not and they can prevent and detect deficiencies on timely basis.
In this context, we provide audit and assurance services in Pakistan in compliance with local regulatory bodies applicable Legal and Regulatory Framework. Our Audit methodology includes both testing of Internal Controls and Test of Details to obtain sufficient and appropriate audit evidence which supports our conclusion.
We provide following audit services:
- Statutory Audit
- Interim Audit
- Compliance Review
In the modern era where market competition is getting tougher and tougher day by day, the need of a consultant who stands by the business in the time of need increased. Corporate consultancy covers business plans and strategies to achieve strategic and operational objectives which the business requires in order to compete in the highly technological and competitive markets where technological innovations takes place at a very rapid pace and the same customer base is chased by the different competitors.
We provide assistance and support to our clients and this assistance covers planning and consultation, strategy formulation and implementation, the documentation of Agreements, Memorandum and Articles of Association. Our services are not limited to:
- Incorporation related matters like company registration, partnerships and Not for profits organizations registration.
- Change in memorandum and articles of association.
- Change in directors and business office address.
- Share Register services
- Corporate Governance Compliance Advisory
- Advisory services to trusts and societies
Tax is the key element for any country to generate revenue and to run the state affairs. In Pakistan, Federal Board of Revenue (FBR) is responsible to create tax revenues and make legislations and formulate strategies, whereas sale tax for services is held with provisional tax collection authorities. The economic crisis leads to the deficit in budget and the circumstances are getting intense as the actual tax revenue is almost half of the budgeted tax revenue. This shortfall leads to the massive restructuring in taxation affairs of the country and the need of Tax Consultant is considered to be highest at the moment.
We provide tax consultancy to our clients in Pakistan which includes Companies, Individual Businesses, Salaried Persons and AOPs. Our Tax Consultancy includes the following services:
- Income tax and Sale tax registration
- Income tax returns fillings ( Individual, AOP and Company )
- Sale tax returns
- Income Tax Planning & Compliance Services
- Dealing with Tax Notices
- Non Resident Taxation
- Personal Taxation
- Indirect Taxation (General Sales Tax, Customs & Federal Excise Duty)
Business and Risk Advisory is one of the contributing factors towards the success of the company. Risk management includes Risk Identification, Prioritization of risks in terms of probability and impact to asses that which risk is seeking higher management attention, Risk Planning to mitigate the risks to eliminate them or to reduce them to maximum possible level and Monitoring of the risks to assess that what are the newly occurring risks that should be added to the Risk Management Strategy of the business.
Risk has both the “Upside Potential” and “Downside Exposure” as well. The necessity of the business is to take advantage of the upside potential and to manage the downside exposure to remain competitive. We provide business and risk advisory services to our clients in Pakistan by assessing the environment in which the business operates, the nature of business activities & changes therein, what are the strengths, weaknesses, opportunities and threats of the business by using SWOT Analysis. Our advisory services includes but not limited to:
- Process Improvement Services.
- Fraud Investigation & Risk Management.
- Designing and Implementation of a Business Plan
- Service Benefit Analysis.
- Forensic Services
- Restructuring, Mergers and Acquisitions
- Project Financing
- Due Diligence Reviews
Business Process Outsourcing provides business to save their time, value and money e.g. if it is not necessary for the business to make separate in-house accounting department then it can simply be outsourced to specialists for obtaining the desired results. It also provides the business with an opportunity to remain focus on key business activities which are crucial for achieving company’s objectives and transfer the burden of the secondary tasks to specialist third party.
We provide the following outsourcing services:
- Bookkeeping and Accounting Services.
- Receivables and Payables Management.
- Inventory Management.
- Strategic Business Analysis
- Internal Audit
- Internal Controls Testing & Evaluation
- General Ledgers Maintenance & Reconciliations
- Feasibility Studies
- Financial Management & Accounting
- Cost Accounting
- Record keeping of financial transactions
- Monthly and Annual preparation of Financial Statements
- Payroll Processing and Maintenance
- Financial Statements Analysis.
Internal Audit is the management control over other controls of the organization to assess the operating effectiveness of Internal Controls to ensure they are working effectively. It is an independent and objective assessment which not just provides value addition but also enhances shareholder’s confidence. Diversion from core business objectives can be easily identified by a well-designed Internal Audit Function which saves business from a disastrous flight towards destruction.
We provide offshore and onshore Internal Audit services to our clients in Pakistan by evaluating strengths, analyzing opportunities, assessing risks, controls, ethics and culture, economic conditions, nature of business activities, customers, suppliers, and other stakeholders.