Taxation is a crucial aspect of any business, and compliance with the country’s tax laws is essential.
However, understanding tax regulations and filing returns can be challenging for many business owners. This is where Alliance Accounting & Tax Solution comes in. As a trusted tax consultancy firm, we offer a wide range of taxation services tailored to meet your business needs.
At Alliance Accounting & Tax Solution, we specialize in navigating the complexities of the Pakistani tax system, providing customized solutions to ensure compliance and efficiency. Our team of expert tax consultants in Karachi is well-versed in the latest tax regulations, offering guidance on tax planning, compliance, and return filing.
We work closely with our clients to understand their unique business needs, delivering personalized tax consultancy services from planning and advisory to compliance and filing. Our tax professionals stay up to date with the latest tax laws and regulations, ensuring that your business remains compliant while optimizing tax efficiency.
If you’re looking for reliable tax consultants in Pakistan, look no further than Alliance Accounting & Tax Solution.
Accounting Service
At Alliance System Solution, we provide a wide range of accounting services for small to medium sized businesses. Our philosophy is to gain a deep understanding of yourself and your business during the initial consultation so we can design a customized Accounting Services Package that Alliance System Solution your particular needs effectively.
Please browse through the accounting services listed below and contact us to set up a consultation. And remember, we can customize any of these services to fit your particular needs.
Bookkeeping Service
At Alliance System Solution, we provide a wide range of highly customizable bookkeeping services.
Professionally managed accounting records can serve as one of the core foundations of a well-organized, well informed and successful business. The best way to ensure that you get exactly what you want and need out of our bookkeeping service is to book a consultation.
During your initial consultation, we will go over the nature of your business, Alliance System Solution recordkeeping needs and what you as the owner want from your financial records. Based on the consultation, we will decide on exactly what kind of bookkeeping or other accounting services you require.
Please feel free to browse through the list of our most commonly used bookkeeping services below:
-Monthly Bookkeeping
-Quarterly Bookkeeping
-Annual Bookkeeping
Monthly Bookkeeping
-Monthly transaction account processing
-General ledger maintenance
-Monthly bank reconciliation
-Monthly credit card reconciliation
-Monthly financial statements
-Year-end review
-Option to add payroll processing and tax filing, sales and use tax filing and income tax preparation and filing
Quarterly Bookkeeping
-Quarterly transaction account processing
-General ledger maintenance
-Quarterly bank reconciliation
-Quarterly credit card reconciliation
-Quarterly financial statements
-Year-end review
-Option to add payroll processing and tax filing, sales and use tax filing and income tax preparation and filing
Annual Bookkeeping
-Annual transaction account processing
-General ledger maintenance
-Annual bank reconciliation
-Annual credit card reconciliation
-Annual financial statements
-Year-end review
-Option to add payroll processing and tax filing, sales and use tax filing and income tax preparation and filing
Bank Reconciliation
Bank reconciliations are an important part of the bookkeeping process. A bank reconciliation allows you to determine the difference between you bank statements and your general ledger. A good practice is to have your accountant perform reconciliations on a monthly basis. By doing this, you will ensure that your bank account, your accounting records and your taxes are well organized and up-to-date. Well maintained books can lead to easier tax preparation and can allow you to extract important financial reports to determine how your business is doing on a month-to-month basis.
Bank reconciliations can allow you to:
-Determine how much bank charges are costing you each month
-Check if any errors were made by your bank in posting transactions
-Identify lost checks, lost depos Alliance System Solution and unauthorized wire transactions
-Update your books and extract financial statements and reports that can allow you to determine how your business is really doing
-Detect and prevent any unauthorized or fraudulent activities such as embezzlement of funds by someone within the business or any forged checks that might have been presented to the bank.
General Ledger
The general ledger is the central book in your accounting records. It is a record of all of your transactions and the accounts through which those transactions are posted. Proper maintenance of the general ledger can allow you to detect problems like unrecorded transactions (such as unrecorded payments) and double postings (such as double billings).
Payroll Services
In-house payroll processing and payroll tax filing can be very confusing and time consuming. Laws and regulations change consistently and it can be difficult to keep up with all the nuances.
Therefore, hiring a dedicated firm to manage your entire payroll process or even just to file your payroll taxes can end up saving you a lot of time, effort and money. Furthermore, you can rest assured that our professionals will stay on top of the latest laws and regulations governing payroll to ensure that your business is always compliant.
Alliance System Solution offers a wide variety of payroll services to fit your particular needs. Clients generally use us for the following payroll services:
♦ Weekly, Bi-weekly or Monthly Payroll Processing
♦ Direct Deposit
♦ Preparation of W-2s, W-3s, 1099s and 1096s
♦ Federal and State Payroll Tax Filing
♦ Customized Payroll Reports
♦ Social Security Audit
♦ Workers Compensation Audit
♦ Full Payroll Service
♦ Online Entry Payroll Service
♦ Payroll Tax Filing Only
♦ Payroll Problems
♦ Custom Payroll Service
Full Payroll Service
This package is perfect for those who wish to outsource their entire payroll process to a dedicated accounting firm. Our Full Payroll Service includes all payroll related activities your business could possibly need. Simply allow us access to your employee, hours and earnings information and we will take care of the rest. The Full Payroll Service includes: The Full Payroll Service includes:
♦ Preparation and printing of payroll checks
♦ All payroll checks are printed on blank check stock and meet the micro encoding standards set by the Federal Reserve System
♦ Direct Deposit: You may elect to have checks deposited directly to your employees accounts.
♦ IRS and state payroll tax filing including EFTPS tax deposit.
♦ Preparation of W-2, W-3, 1099, 1096 forms and any other required tax forms.
♦ Monthly, quarterly, and annual payroll tax reports so you can make sense of all of your payroll data.
♦ Easy to follow reports on your employees vacation, sick days, and personal days accruals.
♦ New hire reporting, as required by State law.
♦ Any ad-hoc reports you may need regarding your payroll.
Online Entry Payroll Service
This package is perfect for those who do not wish to allow their firm to access their systems but want their payroll process outsourced. Whether you maintain your payroll in a computer system or keep manual records, you can securely enter hours and earnings information on our website and we will take care of the rest. The Online Payroll Service includes the following:
♦ We will prepare the payroll checks so you can print them on your own printer, hand write checks or print detailed pay-stubs.
♦ Direct Deposit: You may elect to have checks deposited directly to your employees accounts.
♦ IRS and State payroll tax filing including EFTPS tax Deposit System Solution.
♦ Preparation of W-2, W-3, 1099 forms and any other required tax forms.
♦ Monthly, quarterly, and annual payroll tax reports so you can stay make sense of all of your payroll data.
♦ Easy to follow reports on your employees vacation, sick days, and personal days accruals.
♦ New hire reporting, as required by State law.
♦ Any ad-hoc reports you may need regarding your payroll.
Payroll Tax Filing Only
If you process your own payroll and only need a accounting firm to file your payroll taxes, this service is right for you. Simply submit you payroll records to us and we will file your taxes. The Payroll Tax Service includes the following:
♦ IRS and State payroll tax filing including EFTPS tax deposit.
♦ Preparation of W-2, W-3, 1099 forms and any other required tax forms.
♦ New hire reporting, as required by State law.
Payroll Audit System Solution and Custom Reports
Aside from regular payroll processing and tax filing, we provide the following services as required:
♦ Child Support Audit
♦ Social Security Audit
♦ Workers Compensation Audit
♦ Unemployment Claims
♦ W-2, W-3, W-4, 1099 and 1096 processing
♦ Any other forms such as W-26 and I-9 as required
♦ Proper accounting and tax treatment of employee benefit including 401(k), 403(b), pension, retirement, savings, health and welfare plans and reparation and filing of Form 5500.
♦ Preparation of and assistance with federal and state registration forms.
Tax Planning
At Alliance System Solution, we provide a full range of tax planning services for businesses and individuals. Our tax planning services will help reduce your tax liability and ensure that you walk away with the highest after-tax income allowable by law.
Through the use of tax planning strategies, it is possible to reduce the taxes you pay on your income, investments, retirement distributions, estate and gifts and more.
Some of our tax planning strategies include:
♦ Identifying any and all deduction available to you that are not currently being utilized.
♦ Lowering your tax bracket by splitting income between family members and other legal entities.
♦ Lowering your tax payable in the current year by deferring some of your liabilities through investments such as pension plans.
♦ Lowering your tax liabilities by shifting income and expenses to another year where they may be taxed at lower rates.
♦ Ensuring that you do not pay taxes on a larger part of your income through the use of investments that yield tax-exempt income.
Business Formation and Incorporation
Starting a new business can be an exciting and rewarding endeavor, but it is not without Alliance System Solution complications. An extensive list of decisions needs to make early on in order to ensure the success of your business. Whether its naming your company and deciding on a business structure, securing financing, ensuring that your compliance needs are met or establishing policies and procedures; there are countless important decisions to be made.
You can rest assured that the professionals at Alliance System Solution can guide you through this confusing and stressful journey and ensure that you come out on top.
Please browse through the list of consulting services offered below. When you book your consultation, we can discuss exactly which of these services are needed for your situation.
Business Formation and Incorporation Services
♦ Entity Type and Name Selection
♦ State Selection
♦ Determining Capital Needs and Funding Options
♦ Cash Flow Budgeting
♦ Licensing and Documentation
♦ Workers Compensation and Unemployment insurance
♦ Payroll and Employee Benefit
♦ Tax Minimization and Tax Planning
♦ Procedures and Internal Controls
♦ Accounting and Payroll Software Selection and Implementation
♦ Employment Agreements, Job Offer Letters, Independent Contractor Agreements, Employee Handbooks and Job Application Forms
♦ Compliance with Federal, State and City Business Regulations
Entity Type and Name Selection
We will help you determine what type of entity will best suit your needs, it a corporation, LLC or a partnership. We can also help you in selecting a unique and industry appropriate names for your new business.
State Selection
We will help you determine the best state to base your business based on your specific circumstances.
Determining Capital Needs and Funding Options
We will help you determine how much capital you need to get going and we will identify potential sources of funding for you.
Determining Capital Needs and Funding Options
We will help you develop a cash flow budget so you can know exactly how much money you will need to keep your business up and running in Alliance System Solution early stages.
Licensing and Documentation
We will guide on exactly which licenses, permissions and documents are required for your business, how to fill them out properly and where to send them. We will also help you obtain your Employer Identification Number (EIN).
Workers Compensation and Unemployment insurance.
We can guide you on your state requirements for workers compensation and unemployment insurance.
Payroll and Employee Benefit
♦ We will guide you on how to properly set up a payroll system that works best for your business circumstances. We will also ensure that your payroll system is compliant with all IRS and state laws and regulations.
♦ We will also guide you on your options for health insurance, retirement plans and fringe benefit and how these items will affect your bottom line.
Tax Minimization and Tax Planning
We will advise on the best tax structure to minimize the tax exposure of your business and the best way to take distributions from your business.
Procedures and Internal Controls
We will help you establish procedures for billing, collections and cost minimization. These controls will help you maintain a healthy cash flow and save on unnecessary expenditures.
Accounting and Payroll Software Selection and Implementation
We will help you decide which accounting and payroll systems fit your business needs the most. Moreover, we will implement those systems and train you to use them properly.
Payroll Tax
If you process your payroll and only need someone to file your payroll taxes, this service is right for you.Simply submit your payroll records to us and we will file your taxes.
If you want us process your payroll as well, please see our Payroll Services and select a package that works for you.
The Payroll Tax service includes the following:
♦ IRS and state payroll tax filing including EFTPS tax deposits.
♦ Preparation of W-2, W-3, 1099 forms and any other required tax forms.
♦ New hire reporting, as required by State law.
Sales Tax
We can take care of your monthly, quarterly and/or annual sales and use tax filing.
We current file sales and use taxes for New York, New Jersey, Pennsylvania and Connecticut but can certainly accommodate other states if required.
We have experience in filing sales and use taxes for grocery stores, salons, restaurants, franchises, gas and petroleum retailers, construction companies and many more.
Please book a consultation to get a quote for your sales and use tax service.
