• +92 42 3577 2394-7
  • info@mhssco.com
  • Webmail
  • +92 322 4727709, +92 42 3577 2394-7
  • info@mhssco.com
  • Webmail
  • +92 51 848 3408
  • info@mhssco.com
  • Webmail
  • +92 42 3577 2394-7
  • info@mhssco.com
  • Webmail

Business retainership or outsourcing is a practice of hiring an organization outside the business entity to perform services that are traditionally performed in-house by the own employees and staff of business entity.


Our complete subcontracting retainership services to tax and accountancy practices include followings:


We provide complete solutions of income tax, sales tax, business advisory, accounting and bookkeeping, payroll, corporate compliances, monthly and annual tax and accounting compliances, and all other statutory and regulatory compliances. In this regard, we can undertake any size of operation in above areas and our clients enjoy the benefits of having best of resources being deployed to manage their backyard functions. Our team implements best practices in systems and processes to ensure we meet high expectations of our clients from retainership/outsourcing. We do partnership with clients’ management and maintain constant communication with them offering them opportunities to constantly evaluate the efficiency and effectiveness of their outsourcing decisions.


Accounting & Taxation Outsourcing:


With our expertise in the field of accounts, taxation and finance, we have excellent team of experts experienced in software like Quick Books, B-Tech, Tally etc., we offer following services to our clients:

  • Accounting and book keeping services (Receivable, Payables, Cash and Bank Ledger, General Ledger, Tax Provisions, Tax Payments and Deductions, Bank Reconciliation etc.)
  • Chart of accounts maintenance
  • Pay Roll Processing including preparation of salary sheets, deductions of taxes, employment funds managements, loans, payments through cash or cheque etc.)
  • Withholding Income Tax compliances under different provisions of Income Tax Ordinance, 2001 along with other regulatory compliances.
  • Withholding Sales Tax compliances on invoices under different provisions of Sales Tax Act and Provincial sales tax laws.
  • Legal Advisory on different types of agreements and on invoices to ensure legal and taxation compliances in accordance with the Pakistani Laws and Regulations.
  • Preparation and filing of monthly Sales Tax Return (both of Federal Board of Revenue (FBR) and Provincial Revenue Authority (PRA).
  • Preparation and filing of monthly Withholding Tax Statements.
  • Maintenance of Accounting and Taxation Record in accordance with the provisions of Income Tax Ordinance 2001 and Sales Tax Act 1990.
  • Handling of Income Tax and Sales Tax audits
  • Providing services of all types of Labour Laws compliances

We provide separate full time or part time accountants as per requirement of client’s business and work, while client can contact our accountants provided by us for any clarification. Moreover, in case if client need any additional MIS, client can have it from our senior accountants and managers who are qualified Chartered Accountants.


Accounts Outsourcing to us - Benefits to Client

  • Planning of work by experienced and highly qualified persons.
  • Low cost of processing with highly experienced staff
  • Highly competent staff on availability for services
  • Quality in work and in time work
  • One stop arrangement of accounts and taxation
  • Updating accounting record in real-time, recording sales invoices, tracking of account receivables and payable, updating receiving and payments and generation of account receivables and payable reports/aging reports
  • Processing of income and expenses vouchers of business transactions.
  • All types of tax compliances.
  • Recording of banking transactions and periodic reconciliations of bank ledgers with bank statements and tracking unclear cheques etc.
  • Inventory and production management- updating inventory and production records, tracking inventory usage, inventory reports etc.
  • Updating and maintaining general subsidiary ledgers. Preparation of periodical adjusting and closing journal entries, handling year-end adjustments to General Ledger, Trial Balance, Profit and loss Account and Statement of Financial Position.
  • Preparation of MIS reports for internal use and management decision making purpose.
  • Preparation of financial statements for management decision making purpose.

Business Process Outsourcing (BPO) Services


Malik HAROON SHAHID SAFDER & CO. provides a number of BPO support services offshore, onshore, nearshore and helps to fill gaps within companies. Some of the industries that we serve include healthcare, pharmaceuticals, business services, retail and e-commerce, telecom, automotive, utility companies, supply chain, capacity solutions, and asset management etc. Our specialties in BPO have resulted tremendous growth in our clients. We are specialized and supporting the following services:


Accounting and Bookkeeping Services


We being the expert in accounts and finance functions offer accounting and bookkeeping services and prepare management desired reports. This includes Customer invoicing, vendor billing services, Issuance of debit/credit notes, receipts and payment recording, management of accounts payable, receivables, general accounting, auditing, and regulatory compliances. We are easy with any off the shelf or customized ERP and business applications to manage all these.


Administrative Functions


We manage functions and roles of administration department and facilitating industries in managing their day-to-day tasks. Managing and storing of information in digital form, updating computer records using a database, Dealing with Customer client queries on phone call and having liaising with suppliers and contractors and staff. Typing letters, reports and other correspondence with concerned persons. Managing assets of client and specified services.


IT and software operations


We support to clients in business application development, QA/ testing of any software or business application, Software implementation services. We also offer smart solutions in automation of data intake and generating output using IT solutions to reduce transaction time cycles.


HR Services


 We help industries in addressing their workforce challenges. This includes hiring and recruitment process based on desired traits, workforce assessment & training, payroll computation services and retirement benefits settlement.


Turn Key Projects Support


 We convert customer ideas and dreams into reality by guiding about the chosen project. We prepare project feasibilities and viability, projections of business, loan and finance arrangement advisory and assist in registration with all tax and regulatory authorities to ensure compliance of the same. In short, we offer one window solution to industries to bring ease of doing business.  


Internet Marketing


We offer internet and digital marketing solutions to clients for boosting their business, robust introduction of business to audience and bringing more conversion and revenue for business growth. No more typical ways of marketing, by using various marketing tools, we asses the competitor position and then design strategy to generate more conversion rate.   


Knowledge base Support services


In these higher-level processes we offer data analytics, data mining, knowledge management, internet & web research, development of an information control program.


IT Infra Structure


We offer BPO services to manage client servers and infra structure. Maintaining and monitoring security controls. Troubleshooting and fix of issues remotely related to hardware and network.


Customer interaction services


We offer support services like business’s voicemail services, appointment schedules, email services, marketing program, telemarketing, payment processing, order processing, quality assurance, customer support, warranty administration and other customer feedback.

We would be delighted to discuss how we can help you, and your group or company. Please get in touch and contact MHSS at info@mhssco.com or alternatively, contact our office directly.