B Kabir & Law Associates

Ensuring transparency and trust, our audit services provide a clear, accurate reflection of your business's financial health

Auditing is the process of examining or inspecting the various record of accounts by an auditor. Auditing is necessary to make sure that all departments within an organization are following the standard system of recording transaction. However, auditing can be done both internally and externally by head of the department or by an outside auditor. Sometimes an external auditor is hired to ensure that the auditing is done in a fair manner. Always hire a Chartered Accountants who can perform independent audits of your organization.

Mainly there are four steps of conducting an audit

The first step is to define the role of the auditor and the conditions for participation. Which is usually in the form of a letter duly signed by the customer

The second step is to plan out the auditing process. Which includes the details of document that auditor will cover and the deadline the auditor will finish the tasks

The third steps are to compline all the necessary information of the audit, that is- you need to put all the finding in a report. The final step is to prepare the results in a reporting manner

BKLA’s Audit Service Procedure

Our Audit service is a central resource for clients tailored to their specific business needs and industry sector. Our aim is to be as practical as possible and to provide flexibility in approach to allow for the individual needs of your business. We are well used to dealing with the unique processes of in house accounting teams and are familiar with the many different accounting packages.

All work is overseen by a consultant to ensure the highest levels of service and all work is carried out by a highly experienced and qualified audit manager and members of our dedicated audit department.

Auditing large groups to individual companies means our expertise is diverse, whether applying GAAP, IFRS or IAS; we have the technical expertise to assist in any assignment.

Income Tax computation, Computation of Capital Allowances, Losses from Business and Detailed Income Statement for The Year. However, if you need auditing of your organization feels free to contact us, B.Kabir & Law Associates is always there for you.

For further information, please Contact us.

Simplifying your tax filing, one return at a time

Taxation is always a highly complex issue and always changing. It is something that affects everyone's life. It is a factor that is considered for all our clients whether we are performing services for a company, a business or an individual.

B.KABIR & LAW ASSOCIATES have been approached by international professional services firms & companies for our expertise in these areas who were seeking the best solutions for their clients. We try to understand our clients’ business and work closely with them to provide tailor made tax advice that results in the most effective and the most efficient discharge of tax liability for our clients. Our main target is to provide receptive and quality fiscal and corporate law services to clients.

As taxation advisors we take a practical and long-sighted approach, planning well in advance to maximize benefit and minimize risk wherever possible. Compliance is just the first step; we challenge prevailing tax wisdom constantly, seeking innovative solutions to the most complex tax problems. We have become an essential asset for our clients who trust us to uncover all the angles in the pursuance of their personal or business objectives.

We are the tax specialists. We can provide you with year-round tax advice on

A comprehensive process of preparing and filing income tax returns for both local and expatriate individuals, ensuring compliance with relevant tax laws and regulations.

Involves assessing a company's tax liabilities and devising strategies to optimize tax exposure, ensuring legal compliance while minimizing tax burdens.

The taxation of profits realized from the sale of assets or investments, with specific rates and exemptions depending on the asset type and holding period.

A tax imposed on the estate of a deceased person, which may apply to the transfer of assets to heirs, depending on jurisdiction and value of the estate.

Legal structures used to manage and distribute assets, with specific tax considerations for the administration of trusts and estates, including the tax implications for beneficiaries.

The calculation and application of taxes that are recognized in financial statements but deferred for payment to a future date, often due to timing differences between tax and accounting rules.

A professional acting as the representative of clients in dealings with tax authorities, ensuring compliance and managing tax matters on their behalf.

The taxation of business partnerships, including the allocation of profits and losses among partners and the tax obligations of the partnership as a whole.

The process of challenging decisions made by tax authorities, involving the submission of appeals to contest tax assessments, penalties, or other tax-related decisions.

Independent bodies that hear appeals against tax authority decisions, providing a legal forum for resolving disputes between taxpayers and tax authorities.

A legal process where unresolved tax disputes are referred to the High Court, which offers a judicial review and decision on complex tax matters.

Alternative Dispute Resolution (ADR) methods, such as arbitration or mediation, used to resolve tax disputes outside of traditional court processes, offering more flexible and expedited resolutions.

Strategies to structure compensation packages in a tax-efficient manner, minimizing tax liabilities for both the employer and the employee.

The pricing of transactions between affiliated entities within a multinational group, governed by international tax rules to ensure fair taxation and prevent tax avoidance.

The process of preparing tax-related financial statements and ensuring compliance with disclosure requirements for tax audits, ensuring transparency and accuracy in tax reporting.

The examination by tax authorities into a taxpayer's financial affairs to ensure compliance with tax laws, often involving audits, inquiries, and reviews of tax filings.

Personal Tax Planning

With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimize their tax position and ensure they meet all the compliance requirements.

Navigate the complexities of corporate taxation with expert guidance, ensuring compliance while maximizing efficiency

We offer a range of services to help you minimize your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include

>

There are also a number tax schemes available to assist in reducing the taxable income that needs to be declared on company tax returns or your personal tax return as applicable. National Board of Revenue (NBR) will seek to challenge the tax deductibility of these schemes.

Make sure you take full advantage of the tax saving opportunities open to you - contact us today for a personal tax planning review.

Simplifying VAT processes, we help your business stay compliant and make the most of available opportunities

Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever-widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever-growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations.

The most common corporate taxation disputes relate to allowance or disallowance of expenditure, acceptability of debit vouchers and evidence, AIT and related expenses, imposition of estimated profit, rejection of trading accounts etc.

Clients’ satisfaction is our first priority. We remain hundred percent faithful and trustworthy to our clients. We try to understand our clients’ business and work closely with them to provide tailor made tax advice that results in the most effective and efficient discharge of tax liability for our clients. From the beginning we emphasize transparency as we believe is the core foundation of a great client relationship.

We provide an efficient cost-effective VAT service, which includes

Advice on VAT planning and administration and management system:

Providing guidance on managing VAT obligations, creating an effective administration system to handle VAT transactions and reporting.

Advising on the most suitable VAT scheme (e.g., flat rate or standard) based on business operations to maximize efficiency and minimize liabilities.

Calculating VAT liabilities correctly, assessing VAT obligations, and ensuring compliance with tax regulations.

Assisting in the preparation and timely submission of VAT returns to tax authorities to ensure accuracy and avoid penalties.

Ensuring proper control over VAT transactions, reconciling records to ensure consistency, and resolving discrepancies.

Providing assistance in completing VAT returns correctly and efficiently to meet tax requirements.

Offering strategies to avoid potential issues with Customs and Excise authorities, ensuring smooth operations and compliance.

Helping businesses resolve disputes with Customs and Excise, including representation at VAT tribunals or Commissioner Appeals.

Assisting with appeals before VAT Appellate Tribunals, helping businesses present their cases effectively.

Providing support in referring VAT-related disputes to the High Court when necessary, helping businesses navigate complex legal challenges.

Facilitating Alternative Dispute Resolution (ADR) for import-related VAT disputes, ensuring fair resolution without the need for lengthy court procedures.

Call or contact B.KABIR & LAW ASSOCIATES today for a VAT health-check of your organization.

Leave your accounting to us, so you can focus on growing your business with peace of mind

Our expert team members cooperate to prepare to account upon supporting documents, invoice, bank statement and so on. B/S, Profit/ Loss, Ledger, Journal, directors, profile, notes are prepared for draft accounting. The accounting services deal with recording, the analysis of the financial transactions of a business etc.

Ultimately, our aim is to help clients maintain good records throughout the financial year to make the process as simple and cost effective as possible. We help clients comply with all their obligations, preparing accounts for shareholders, the Inland Revenue and abbreviated accounts for companies’ house as part of our comprehensive service. The fees that are charged for the accounting services are not in any case taxed. The various small businesses tend to be attracted by the various projects that deal with savings. Such savings can now be used to run business core activity.

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts. Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need.

The accounting service firms provide the range of services which includes Bookkeeping Services, Accounting Staff Placement, Accounting Outsourced. Bank Reconsideration, Profit and Loss Accounts, Ledger and journal

Our bookkeeping services includes recording, storing and retrieving of financial transactions of a business, individual or non-profit organization. Our bookkeeping service is done by using accounting software. It will make sure that you are able to access the software and any other reports that you want. Moreover, we also mail full set accounts to the client, so that they can review balance sheet and income statement.
As a small business owner **you have more important things to do than bookkeeping.
Contact B. KABIR & LAW ASSOCIATES provides experienced, affordable and dependable bookkeeping and daily money management services to small businesses.
We can take care of your books so you can get back to the job of running your business and generating profits! We will also work with your CPA or tax preparer to help you save tax return preparations fees.
Put our 13 plus years of accounting and bookkeeping experience to work for your small business.

Due to effective nature of the customers, the majority will prefer to go for the bank reconsideration. It helps in showing if there is acceptance of the credit application or rather rejection on the same face value. It is easy to have the given rejection quite overturned. This is made possible with the bank reconsideration. Each given reconsideration firm will now show you some progress that you require to move on. The case that will be prepared well can now be reconsidered upon doing the application. Everything is now made possible by the use of the bank reconsideration.
We can help you
Personal Application Reconsideration
Business Application Reconsideration

It involves the process, which normally ascertain the annual net profit as well as the loss for a given business. The Gross net is usually made possible with the use of the trading account. It is then considered to be working well due to the profit as well as the loss account. You can find the preparation of the profit also loss account present in the trial balance. In this case, mostly the indirect expenses as well as the indirect revenue seems to work all through. The balancing is done based on the nature of the business that is going to be done.
This require a different format than the traditional profit and loss statement and the income statement. The traditional profit and loss focuses on sales of products and a corresponding cost of goods sold section to help the reader evaluate the gross margin. But in service, the owner needs a profit and loss statement formatted to key in on overall productivity and costs of that productivity.
We can assist you by identifying and recording the below information to derive a profit and loss statement for a service related business should provide the following information:
Revenues related to professional services rendered · Revenues related to support staff · Revenues related to non-service items · Direct costs of professional services · Direct costs of support staff · Other direct costs · Fixed and Variable Personnel Related Costs · Overhead · Profit Before Taxes

Our general ledger maintenance and reconciliation help our clients focus on their business while we work behind the scenes. we can properly assist you in your general ledger accounting needs. We deliver high quality results at an affordable price.
Our General Ledger Accounting and Reconciliation Includes...
Adjust for prepayments and accruals
Process asset purchase, disposal and depreciation journals
Process stock movement and adjustment journals
Process payroll journals
Process lease, purchase, loan and dividend journals
Review all general ledger accounts and correct any posting errors
Reconcile all balance sheet control accounts
Provide copies of all journal entries made together with a detailed narrative of why the adjustment was made

Our firm is highly computerized and we can assist you computerize your accounting department too. We will help you choose the most appropriate software and help you get it up and running, tailoring for your company where necessary and then providing some training and on-going support until you can run independently.

There may be other options dependent on your personal circumstances so contact B.KABIR & LAW ASSOCIATES to find out more.

Efficient, accurate, and timely payroll solutions designed to meet the unique needs of your workforce

From start-up to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.

Even if you have only a few employees, you will make savings by engaging us to administer your payroll. We run hundreds of payrolls every month and our team enjoys helping our clients keep up-to-date and with the law.

B.KABIR & LAW ASSOCIATES have dedicated staffs that can relieve you of this burden by providing a comprehensive and confidential payroll service, including but are not limited to

Provide employees with personalized pay slips that reflect accurate details of their earnings, deductions, and net pay, ensuring clarity and transparency.

Offer detailed breakdowns of payroll expenses, categorized by department, cost centre, and overall company, enabling more efficient budget tracking and cost management.

Manage the administration of Pay As You Earn (PAYE) tax, along with statutory benefits like sick pay and maternity pay, ensuring legal compliance and timely processing.

- Handle the preparation and submission of mandatory government forms, including year-end returns, and ensure that they are issued to employees and sent to the National Board of Revenue. -

Provide summaries and detailed analysis of staff-related expenses, helping businesses better understand and manage the financial impact of their workforce.

Oversee the effective administration of employee incentive programs, performance bonuses, ex-gratia payments, and termination benefits to ensure timely and accurate distribution.

Manage pension scheme contributions and ensure compliance with legal requirements, providing employees with secure retirement benefits.

Maintain accurate records of employee loans, holiday entitlements, and statutory benefits like maternity and sick pay, ensuring timely and correct adjustments.

Accurately deduct tax at source, deposit it into the government treasury, and issue certificates to employees for their tax records.

Our service is confidential, comprehensive and cost effective; it has been running for many years successfully. So, please Contact us.