TAXATION SERVICES (Income and Sales Tax / Value Added Tax -VAT)

Due to the difficult economic environment many organizations are now operating within, it is now more important than ever to ensure that you are fully compliant with the Pakistan Tax structure. By working with our expert tax consultants we can ensure that this burden of worry is removed from you, allowing your organization to focus on its core business offering, giving you total reassurance that your organization is in the safe hands of our expert tax consultants.

Our range of services includes:

  • Income Tax Consultancy Services including wealth statement preparation.
  • Tax Planning and Strategy Development
  • Obtaining Confirmations, Clarifications and Permissions From the Tax Authorities.
  • Performing as E-Intermediary
  • Preparation and Payment of Electronic Challan
  • Assistance in Issuance of National Tax Number (NTN) for the clients.
  • Assistance in Issuance of Sales Tax Registration Number (STRN) of the clients.
  • Monthly and Annual Statements filing of Income Tax and Sales Tax Return.
  • Advisory on day to day tax issues faced by the clients.
  • Assistance in going through Audit conducted by FBR.
  • Filing of Appeals of Income Tax or Sales Tax at all levels.
  • Assistance in obtaining refunds from Federal Board of Revenue as Tax Refunds are very important for our clients, therefore, we always give due diligence for claim of proper tax credits and taking refunds from FBR.
  • Payroll Running and Tax Deduction guidelines.
  • Assistance in obtaining Exemption certificates such as:

    • Approval as non profit organization (NPO) under section 2(36) of the Income Tax Ordinance 2001.
    • Business exemption under clause 58 of the Second Schedule to the Income Tax Ordinance 2001.
    • Other tax exemptions as applicable from client to client.

Taxation practice is the forte of our Firm. We have over 30 years of experience in taxation advisory services. During these years our experts have constantly been appreciated by the business Industry on the basis of our comprehensive and well versed advice relating to any Tax issue faced by our clients. Our experts continuously engage themselves in expansion of knowledge base relating to current Income tax issues faced by the business sector of Pakistan.

We therefore believe that we have developed ourselves in these preceding years as pool real taxation experts that have the knowledge and practical experience to handle every situation that is faced by our most valuable clients.

BOOK KEEPING SERVICES

Bilal Associates excels in offering bookkeeping and accounting services to our clients so that they can focus on their core business functions, safe in the knowledge that this important business procedure is well looked after.

Through our dedicated team, combined with our experience we are able to provide bookkeeping services to clients of various sizes and locations.

Our dedicated bookkeeping services team in Pakistan are able to provide you with the highest level of customer care whilst delivering you an unrivalled service.

The difficult economic environment that currently exists makes it even more necessary to appoint a bookkeeping services organization that is established and has a history of delivering for clients.

By selecting our bookkeeping services, in Aims Associates, you will have an extremely experienced partner able to offer you expert advice and execute tasks to the highest level. You will also have access to our partners, consultants. We strive hard to develop a long term bookkeeping and accounting service relationship with our clients which is built on understanding, trust and respect. This ensures that we have a complete understanding of your business.i

ACCOUNTING SERVICES

1. ACCOUNTING SOFTWARE SOLUTIONS

Undertaking a new software solution is a huge project for any business. Aside from the initial price of the solution, the proper implementation of new software can be costly. The implementation of an Fully Computerized Accounting System can take months depending on organization size and complexity, and success requires considerable project management. Employee buy-in, along with a commitment to learn the new infrastructure and use it on a regular basis is imperative to a successful accounting software implementation. If you’re investing valuable resources in a new software solution, you can’t afford to let it fail upon implementation.

We offer clients peace of mind, knowing that their project will be executed effectively, and implemented on time and on budget.

Our implementation services include:

  • Data conversion from other accounting packages or manual records to new accounting software.
  • Configuration of industry templates containing default settings (e.g. reports, chart of accounts).
  • Help with building and customizing reports to your requirements.
  • Specialized training and help documentation. Our training is tailored to the needs of your firm.
  • We offer a full telephone helpdesk support service to all our clients for dealing with any issues that may arise during day to day usage of the system.

2. MANAGING ACCOUNTS AND BOOKKEEPING

We enable your’s business growth by managing the accounting and bookkeeping for you to enable you to concentrate on addressing the strategic and core business issues faced by your organization. Our goal is to develop a system that will meet the financial reporting requirements of your company.

We offer a variety of accounting services from the supervision of accounts section to complete outsourcing of book keeping, accounts functions and payroll. Our objective is to provide your company up-to-date, accurate financial data ready to cater your need of financial reporting.

We provide following Accounting/Bookkeeping Services cover the following areas:

  • General Ledger
  • Accounts Receivable Management
  • Accounts Payable Management
  • Bank/Cash Reconciliation
  • Payroll
  • Inventory
  • Fixed Assets
  • Preparation of Financial Statements

3. INTERNAL AUDIT

Our Internal Audit specialists help boards benefit from an enhanced Internal Audit function that provides better value for money and increased assurance. Our key strength is that we not only ensure clients gain access to our extensive experience and knowledge of best practice as leading Internal Audit Services providers, but also provide access to sector specialists who know your industry and its technical risk areas.

Expertise:

  • Benchmarking Internal Audit performance
  • Transformational change strategies
  • Advising on optimum resourcing models
  • Providing co-sourcing/outsourcing services
  • Improving the quality, productivity and value of in-house services
  • Enhancing Internal Audit methodologies to improve audit execution
  • Advising on and supporting audit technology selection and implementation
  • Developing and delivering training plans.