• +92 42 3575 9501-3
  • info@mhssco.com
  • Webmail
  • +92 42 35759501-3
  • info@mhssco.com
  • Webmail
  • +92 42 35759501-3
  • info@mhssco.com
  • Webmail

Business Retainership is the business practice of hiring a party outside a company to perform services that traditionally were performed in-house by the company's own employees and staff.

 

Our complete subcontracting retainership services to accountancy practices include followings:

 

We provide complete solutions in the areas of accounting, payroll, income tax, sales tax, corporate compliances, business advisory and all other regulatory/statutory compliances. We can undertake any size of operation in above areas. Our client’s backyard is our front yard. Our clients enjoy the benefit of having the best of resources being deployed to handle their backyard functions. We implement best practices in processes and systems to ensure that we meet the high expectations of our clients from outsourcing. We maintain constant communication with our clients offering them an opportunity to constantly evaluate the efficiency 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 softwares like Quick Book, B-Tech, Tally etc., we offer following services to our clients:

  • Accounting Services
  • Accounts Payable
  • Accounts Receivable
  • Manual/Chart of accounts
  • Bank Reconciliation
  • Pay Roll Processing
  • General Ledger
  • 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

  • Low cost of processing, MIS
  • Competent staff on services
  • Planning by experienced, qualified Chartered Accountants
  • Quality in work
  • In time work
  • Our infrastructure
  • One stop arrangements of accounts
  • Record sales invoices, Tracking of Account receivables, updating payments and generation of Account receivables reports/aging reports
  • Processing of income and expenses vouchers of transaction, expense tracking.
  • All types of tax compliances.
  • Recording of bank transactions, credit card transactions and periodic reconciliation and checking of credit cards, tracking unclear checks etc.
  • Inventory management- updating inventory records, track inventory usage, generation of inventory reports etc.
  • Maintaining General Ledgers, subsidiary ledgers. Preparation of periodical adjusting and closing journal entries, handling year-end adjustments to General Ledger, Trial Balance, Profit and loss Account and Balance Sheet.
  • Generation of customized financial statements/MIS reports for internal use and reports and statements for banks & financial institutions etc.

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.