I am a professional chartered accountant (ACCA - UK) and Bachelor of Accounting and Finance from Oxford Brookes University - UK, presently working with PriceWaterHouse Coopers (PwC),...Read moreI am a professional chartered accountant (ACCA - UK) and Bachelor of Accounting and Finance from Oxford Brookes University - UK, presently working with PriceWaterHouse Coopers (PwC), one of the biggest accounting and auditing firms in the world, during my job I have gained audit, Finance and Taxation experience in different business environments and industries ranging from a multinational manufacturing entity, multinational telecommunication entity to not for profit organisations. I am responsible to provide tax and Finance related advisory services to a diverse portfolio of clients. It was a mixed tax role which involved performing legal compliance services as well as providing advice.
Major Responsibilities Include:
>> Prepare and filing annual Income Tax / Sales Tax returns, and following up cases before tax authorities if selected in Audit.
>> Prepare appropriate reply of show cause notices, amendment in assessment and other notices / letters
>> Advising the clients in context of appeal to be filed with Income Tax/ Sales Tax / Federal Excise in appellate authorities.
>> Prepare appeal arguments and documentations and follow-up cases in appellate forums.
>> Prepare comments on order issued by tax authorities in response to show cause notice / letter.
>> Prepare rectification application if any any mistake is apparent in order or record.
>> Assistance in filing refund application, obtaining refund orders, issuance of refund and claim compensation for delay in issuance of refunds.
>> Advising on timely payment of advance Tax and computing advance tax quarterly payments.
>> To complete all tax compliances within statutory time limit and to provide necessary assistance to the clients for meeting the deadlines given by the tax authorities for the audit / amendment proceedings.
>> Keeping clients up-to date with the amendments made in the taxation laws and other relevant regulations, advising tax implications due to any change in existing legislation.
>> To provide technical assistance in complex tax issues / implications to clients.
>> Advising tax implications on cross border and inter group transactions.
>> Preparation of Accounting Entries on Sidat Hyder Financials
>> Preparation of Provident Fund, Permanent Withdrawal, Temporary Withdrawal , Final Settlement entries.
>> Advising clients on deduction of withholding tax on different transactions.
>> Computing working of Withholding tax
>> Preparation of Monthly and Annual withholding statements.
>> Data extraction (for the compilation of financial statements)
>> Analyzing and rectifying the data for the financial records.
>> Designing internal controls and business processes.
>> In depth analysis of the clients’ business and its environment including evaluation of risks faced, assessment of adequacy of design and implementation of controls, collecting audit evidence and performing completion activities in accordance with International Standards on Auditing (ISAs).
>> Dealing with Direct, Indirect taxes
>> Preparation of annual tax returns
>> Assisting clients in payroll processing
>> Tax planning & efficiency
>> Tax accounting & reporting
>> Tax budgeting
>> Tax advisory for business transactions