SERVICES
Accounting Services
We commit to provide financial information to our clients in an appropriate and accurate manner. Important & well organized financial records assure that your business maneuver will run more competently on a daily basis. Our firm provides a complete array of cost effective accounting services including the following
A- Bookkeepi
ng services:
We provide the following book keeping services:
1- Maintenance of daily books and general ledger
2- Recording of sales/Purchases
3- Account receivables.
4- Account payables.
5- Recording of client’s expenses Bank reconciliation. B- Financial statements:
Any business transaction, for instance to obtain financing usually a firm or individual requires to arrange financial statements that have been gauged or evaluated by an external independent party. We work as that external party to provide assurance services to companies who ask for those financial statements to examine and analyze. We accumulate and assemble documentation to support account balances, view financial data for evident errors and flaws, arrange records, journal entries for inaccuracies found while analyzing financial data and finally draft financial statement reports and notes. C- Financial systems:
Accountax management systems provides software and IT services to clients in almost every sector of the financial services industry. The key purpose of most of these systems is to help many particular business processes linked with trading, managing investment portfolios and accounting for investment assets work perfectly and run smoothly. We deal with the processing requirements of an extensive range of people within financial services. BUSINESS SERVICES
A- BUSINESS SERVICES:
We provide following services in terms of business services.
■Help our clients setup their business, structuring it and advice regarding different business matters
■Registration of Individuals/AOP/Companies
■Registration of Income tax & Sales tax
■Tax Planning
■Management Accounting services
■Business Health Checks and Profit Optimizer
■Peach tree/Quick book set up and Advice
■Bookkeeping Services
■Cash Flows and Budgets
■Preparation of Financial statements
■Income Tax Returns for Individuals, Partnerships, Trusts, Companies and Super Funds
■Fringe Benefit Tax Returns
■Planning and management of withholding tax
■Company Secretarial
■Registered Office
B- Business consulting:
We determine our worth by the personal and business successes of our clients. We can help client’s business by pointing out areas that are negatively affecting productivity and development of the business. We plan and develop solutions to restore and enhance their businesses. Moreover, by the help of our well trained and experienced staff, and technology, we provide easy implemented and all encompassing strategies to address the issues that reduce the growth of business. C- Consulting Services:
We provide consulting services in following areas:
1- Accounting software selection and implementation
2- Type of entity selection
3- Business Valuations
4- Buying/Selling a business
5- Computer systems
6- Financial & Retirement decisions
7- Estate, trust & gift planning
D- Education/Trainings:
■Quick book Training
■Microsoft Excel Training
■Peachtree training
■Human Resources
■Student counseling
■Training & Hiring of individuals to be recommended to well reputed industries and other businesses
TAX SERVICES
A- TAX PLANNING:
Tax planning is a vital part of the tax computations. To include tax planning in business strategy, you can utilize our experience and access to the latest modifications in the tax laws to reduce your all types of tax liabilities for any business to run smoothly & successfully. B- PERSONAL TAX PLANNING
At Accountax, The objective of tax planning is to help individuals reduce their income tax liability as much as it is acceptable and allowed by the tax law. Our personal tax planning services are intended to keep you cautious and familiar of the complicated tax laws. We develop your tax plans to make you able to minimize your personal and future tax liabilities. If an individual wants to set up new business, own property, travel abroad or want to invest, tax planning advice by experienced professionals is essential. Our efficient and deliberate tax planning services are developed and modified to reduce your tax burden and mirror your individual interest and concern. In case of any query concerning tax matters, always feel free to contact us and communicate directly with our experts. C- PERSONAL TAX PLANNING
We provide our services to those who are seeking accurate tax planning and intend to perk up their business returns by minimizing their taxes. Our tax planning objective is focused to make a noticeable difference to your business. As a well established and reputable firm, we have comprehensive knowledge and experience of working with small and large businesses including all features of tax cycle, tax planning, tax preparation, submission and controversy. Our effective tax planning strategies provide correctly prepared tax returns, related opinions and specialized consultation. Tax planning services at Accountax are as follows:
■ Providing tax planning services in all sorts of business sectors like commercial, industrial, professional and non-profit sectors
■Keeping your business protected from extensive tax liabilities
■Figure out new legal and practical drawbacks that business owners may have ignored
■Suggesting new ways to avoid from such consequences and difficulties
■Finding techniques to reduce taxes in every possible way within boundaries of law
D- INCOME TAX PREPARATION
Accountax is a highly regarded for providing income tax returns preparation, electronic filing, audit assistance and income tax review services throughout its branches in Pakistan. Poorly managed taxes can cause a big harm to your business, to avoid such flaws and to concentrate on your business only, let our experts deal with your taxes. If you have ever prepared your own taxes, you may have come across few confusions about keeping your tax records, filing together with your spouse, getting relevant forms, and about the most recent tax regulations and tax ratios etc. Income tax preparation is obviously a difficult and challenging task. To make it simple, our highly skilled tax professionals can help you at each & every step of your income tax preparation by providing solutions to all minor and major issues with full responsibility and professionalism. E- INDIVIDUAL INCOME TAX PREPARATION
If an individual avoids income tax service for a purpose to save some money, it is absolutely an inappropriate way. The income tax preparation services we provide are practical as well as assist you to provide more benefit against its cost. In our assistance your income taxes are prepared in acquiescence with tax laws, we help you in preparing tax forms, and explain the best ways to avoid or minimize paycheck deductions. F- BUSNIESS INCOME TAX PREPARATION
A number of small and large businesses hire our services throughout the tax year. Our experienced team of professionals helps you in getting your personal and business income tax returns prepared correctly and perfectly making your business income in acquiescence with the tax laws and let you pay the lowest possible amount of taxes. Business income tax is comparatively more complex and time taking procedure than preparing individual income tax, by considering the worth of your business and its important issues we save your precious time and energy and deal with you income tax matters correctly and proficiently. G- TAX AUDIT REPRESENTATION
We take pride in representing a huge number of clients in both personal and business tax audits. We can represent your audit accurately and provide you the safeguard you actually deserve. So if you are looking for representative to help you deal with your tax audit, you can get following benefits by hiring our services:
■ Our qualified and experienced professionals are in good terms with the FBR team and know them well which takes the pressure away from you
■Our experienced staff while dealing with departmental staff helps in communicating your position appropriately and efficiently
■We guide you better about your rights towards personal or business audit therefore avoid harmful problems
SALES TAX SERVICES
Sales Taxes are state level taxes charged on sale of goods & Services, work contract and hiring of goods. Many of our clients face various problems in collecting and submitting sales taxes in many different fields. Lack of knowledge on part of administrators/taxpayers and general frequent changes in the laws makes it difficult to act in accordance with legal requirements, which results in increased cost to the taxpayer. Accountax has established a separate department to cope up with such problems and to meet needs of clients. Our firm provides an extensive range of Sales Tax services which includes;
SALES TAX CONSULTANCY:
■Interpretation & Collection of data for the purpose of Sales Tax Return on monthly basis
■To finalize/workout the return cum-challan form of sales tax at the time of its submission & to file the same
■To verify the data of return with supports and record maintained by staff
■To provide guidance to staff to maintain the sales tax record and to check its proper maintenance
■To consult/discuss with the Sales tax department for the solution of day to day problems or to obtain the clarification, if any
■To observe and update your client’s staff with the amendments, changes, SRO’s or new rules, if any, time to time for the purpose of submitting the returns or maintaining records
■To appear before department for routine matters of clients, in any
■Visit Client’s office as required, for monthly return preparation
■To check and advise to maintain proper record
REFUND OF SALES TAX:
■To prepare the application/collect documents for refund of sales tax
■To pursue the refund of sales tax with sales tax department, for obtaining refund voucher
