Business Accounting

We provide our clients innovative tax services for their sophisticated and complex transactions. We have tax specialists fully conversant with the complex laws and strategic tax planning before our clients make capital commitments. We are known to have the ability and techniques involved in applying the knowledge in a practical way.

• Circularization to the client of various amendments brought about in tax laws by Finance act, SRO’s, etc., and comments thereon.
• Registration of businesses with Federal and Provincial Regulatory Authorities.
• Registration and certification from WEBOC.
• Formulation of tax planning and strategy.
• Tax advisory services to foreign nationals on doing business in Pakistan.
• Representation before the assessing officers and higher tax authorities for finalizing assessment.
• Representation before the Federal Board of Revenue (FBR).
• Preparing and filing tax returns.
• Preparing and filing appeals against assessments.
• Representation before the appellate authorities.

Our consultancy department provides management-consulting services to our client’s complex problems and is always ready to implement them. Some of the management consulting services provided by us are as follows:

• Conducting gap analysis of GAAP (including SOCPA) with IFRS and providing consultancy for IFRS compliance.
• Internal controls study, designing & implementation along with internal control atmosphere.
• Planning and budgeting services.
• Development of organizational models and structures and delegation of authorities & management levels.
• Corporate Investigations and Business Fraud Risk Services.
• Compilation, review, and validation of prospective financial statements.
• Insurance claims-compilation and validation.
• Evaluation of joint venture, partnership, and financial investments.
• Corporate legal and financial structuring and restructuring.
• Advice, assistance, and facilitation in establishing a strategic management process.
• Assistance in contracts and agreements evaluation and negotiation.
• Profitability improvement.
• Cost reduction and efficiency.
• Investment evaluation and viability studies.
• Due diligence study.
• Financial management’s information systems.
• Asset management.
• MIS and management reporting.

We give advice on the management of internal financial systems. A good business planning and corporate finance strategy can have a profound impact on both short-term profits and long-term fiscal health. Our in-depth knowledge of financial planning reporting and control systems, and treasury risk management enables us to understand fully how our clients work and to help them either refine their current financial arrangement process or develop new ones to suit specific needs.

Service Plan 1 – Just Compliance:

Only need to see us once a year? This package covers the year-end accounts preparation and tax & Secretarial compliance.

• Yearend accounts.
• Face-to-face annual business review.
• Regular newsletters / tax updates & invites to seminars.

Service Plan 2 – Boosted:

Ideal if you are a small or medium business wanting to focus on what you do best and leave your accounting to us.
Service plan 1 Plus:

• Tax returns.
• Six monthly meetings.
• Unmetered phone & email support.

Service Plan 3- Extra:

If you are serious about growth and want more regular advice and guidance for your small or medium-sized business.
Service plan 2 Plus:

• Preparation of accountancy manual designed to meet specific needs of our client and according to the nature of business.
• Online quarterly transaction review.
• Quarterly business review.
• Regular updates and advice on tax and business issues.

Human Resources Consulting emphasizes the need to develop an HR culture where human resources strategies are synchronized with the overall business strategy of the organization. Clients are assisted in dealing with a whole range of issues concerning the following:

• Organization Design and Structuring.
• Job Analysis and Evaluation.
• Compensation Surveys and Design of Compensation Structure.
• Executive Search and Placement.
• Secondment and Executive Leasing.
• Human Resources Policies and Procedures.
• Competency Assessment.
• Institutional Strengthening Studies.
• Manpower Transition Studies.
• Workload Analysis Studies.
• Human Resource Audit.
• Training and Development Services.

Provision of assistance and guidance to clients for:

• ERP Implementation and reviews.
• Development of computer-based information systems.
• Acquisition and evaluation of software and hardware.
• Post-completion review of newly developed systems.
• Flowcharting.
• Development of ERP general and application controls

ACTUARIAL VALUATION:

Under IAS 19R, long-term employee benefits, which include “End of Service” Gratuity Benefits, require an actuarial valuation.

An actuarial valuation is an assessment of a company’s current and future liabilities as of the reporting date using an agreed set of financial and demographic assumptions that are based on the company’s best estimates, preferably supported by historical data. An actuarial valuation requires skilled personnel, both in actuarial qualification and in a specific application, to meet these stringent reporting requirements.

Auditors now outsource IAS 19R related work to professionals having such expertise, requiring their clients to get IFRS compliance from outside professional organizations. This is where Digital Impex can help.

We undertake a rigorous, systematic process, in collaboration with our clients, ensuring that the actuarial valuation report & disclosures that we submit is in full compliance with IAS 19R standards. All work is peer-reviewed according to our professional standards and internal controls framework. Our actuarial valuations are performed by experienced actuaries who have worked on IAS 19R valuations across multiple jurisdictions.