In case of companies that are based in Pakistan, filing a NIL tax return is equally important when the company has not had any business activity or revenues of any kind in the financial year. This blog walks you through step by step process to filing a NIL tax return for the companies in Pakistan […]
When a bank loan, a house purchase, or a conspicuous expenditure does not correspond with your outwardly stated earnings, the Federal Board of Revenue may request a clarification. This provision is found in Section 111 of Pakistan Income Tax Ordinance, 2001 under the heading of unexplained income or assets. What does Section 111 cover? According […]
Managing a solo accountancy practice in the UK is a fulfilling experience but can also be tiresome. Higher expectations from client along with changing rules of compliance with limited time are common challenges to face in one-person practice. You have to wear every hat, such as a tax advisor, bookkeeper, finance manager, etc. Imagine if […]