Services

Our services can be broadly categorized as traditional and specialist services. The details of which are explained below:

 

  1. TAXATION

 

These include the following:

 

  • E-Registration with the tax department.
  • Preparation and e-filing of annual and periodical tax returns.
  • Representing clients during assessment proceedings with the Income-tax authorities.
  • Obtaining assessment orders, reviewing the same and advising thereon.
  • Filing of appeals at various Income-tax appellate forums.
  • Representation in appeals and references before tax appellate authorities, Courts and Tax Ombudsman.
  • Advising in connection with the advance payment of tax.
  • Assistance in managing employers’ withholding tax obligations and periodical returns compliance.
  • Managing the taxation affairs of client’s personnel. This includes filing of monthly and annual returns relating to personnel on behalf of the client.
  • Obtaining of nil and reduced withholding tax certificates which may be required by the client from time to time.

 

  1. Specialized Services

Specialized services encompass the following:

 

  • Restructuring and re-engineering tax aspects of operations, transactions and business activities.
  • Intra-company and inter-group reorganizations and realignment.
  • Mitigating adverse effects of offshore taxation.
  • Tax equalization and rationalization schemes.
  • Stock and cash dividend planning and the related tax issues.
  • Reaping benefits of capital gains.
  • Articulating funding structures for a balanced debt-equity combinations.
  • Availing tax effective benefits and concessions.
  • Effective and timely use of capital allowances and tax losses.
  • Exercising appropriate choices of foreign currency to manage effects of fluctuations.
  • Representing clients before the Federal Board of Revenue (FBR) in Islamabad.
  • Researching tax implications of proposed business transactions or of new business ventures.
  • Providing personal financial planning.
  • Preparing of projections of taxable income.
  • Advising and guiding on Double Tax Treaties.
  • Assisting in the preparation of and in obtaining of approval from the concerned bodies for employee retirement schemes such as Provident Fund, Gratuity Fund and Pension Fund.

 

 

General Sales Tax (GST) – Planning, Consultation, Compliance and Reporting Services

 

  • E-Registration with the tax department.
  • Applying for and obtaining GST registration and carrying out related formalities.
  • Planning for benefit optimization and counseling for structuring of business operations, transactions, pricing structures, distribution network, procurement channels and incentive and discount policies.
  • Counseling and advise on GST issues on a continuing basis.
  • Preparation and assistance in the preparation and e-filing of periodical GST Returns and coordination in the management of GST payment.
  • Advices and assistance in pursuing claim for adjustment of input and output taxes.
  • Representation before GST assessment and appellate authorities on contentious GST issues and dispute resolution.
  • Pursue and assist in following up GST exemption(s) and refund issue.
  • Representation to the Central Board of Revenue and Tariff Commission for removing fiscal anomalies and procuring ruling on contentious and obscure GST and related issues.

 

Our Approach

 

  • To ensure that our clients get the most advantageous tax treatment.
  • To ensure their compliance with the complex requirements of tax statutes and regulations.
  • To ensure that all affairs are handled by us on the clients behalf.
  • To keep clients updated on developments and changes in Tax laws.

 

CORPORATE ADVISORY & SECRETARIAL SERVICES

MMM has extensive experience in dealing with corporate law matters, including company formation, acquisitions, mergers, liquidations and public floatations.

Company formations require a thorough understanding of the relevant laws and regulations. There is also a need to fulfill complicated compliance requirements. Consideration must be given to the numerous changes these regulations undergo on a routine basis. Our specialists in this area provide all the necessary expertise to deal with these matters competently.

 

 

Tax Due Diligence Reviews

 

This service provides assurance to corporate managements, prospective investors and strategic buyers that all significant aspects of taxation are duly complied with and that open assessments and cases in appeal do not carry unpredictable tax exposure or any significant tax contingencies not anticipated or provided for.

 

ACCOUNTING & BUSINESS PROCESS OUTSOURCING (BPO)

 

We offer accounting services such as preparing financial and other related statements, including maintaining accounting records and the preparation of financial forecasts and projections.

 

The purpose of these services is to provide assistance to those organizations that cannot employ a full time staff of accounting personnel for maintaining such records, due to heavy overheads for maintaining full-fledged accounts prescribed under the law.

 

We can provide these services both on a manual system and on a fully automated and integrated computer based system developed and maintained on our in-house multi-user computer facility.

 

MMM also provides Business Process Outsourcing (BPO) solutions. We focus on your back office so you can focus on your business. Our extensive outsourcing expertise, process optimization tools and innovative delivery model dramatically improve the quality and efficiency of our clients’ finance and accounting, human resources and information technology functions.

 

We have a depth of understanding in Finance and Accounting (F&A) and we believe that we can offer an F&A Outsourcing service that returns high business value to you. Management of finance/accounting department functions includes: financial planning/budgeting; financial accounting/reporting; general ledger; accounts payable/receivable; payroll processing; treasury functions; cash management; foreign exchange; fixed assets; revenue accounting; joint-venture accounting; cost management; tax compliance; and related functions.

 

 

AUDIT

 

Audit services include:

 

  • Statutory audits
  • Special audits
  • Management audits
  • Proprietory audits
  • Internal audits

 

In addition to providing basic audit services, our work has included, inter-alia, carrying out investigations for our clients and providing other advisory services.

 

INVESTIGATIONS/ SPECIAL REPORTS

 

Due to our extensive experience in financial matters and our reputation for objective and independent reporting, we are entrusted both by our clients and others to conduct investigations.

The service in this area includes inquiry into suspected fraud, assessment of credit worthiness, special audit of advances made by banks, verification of fixed assets, inventories and investments and preparation of special reports for inclusion in company prospectuses.