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Income Tax Information for Overseas Pakistanis

Among the various class of taxes lies the Income Tax, which is the amount of tax imposed over the individual or an entity where both these are classified as tax payers. The tax determination is carried upon the value of profits or income generated by an individual or the organization in terms of their profits[...]
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Code of Ethics for Professional Accountants

The professional accountants have professional development as a vital aspect that needs to be maintained while they carry their usual productivity. These elements of the ethical behaviour are categorized under the name of the Corporate Code of Ethics or Code of Conduct as preferred in different regions. The ethical aspects ensure that the output is[...]
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Artificial Intelligence and Accounting Industry

How AI will Change the Accounting Industry What does the Future hold in store? What will be the role of Artificial Intelligence (AI) in the accounting profession? AI was purposefully designed for boring, mind-numbing tasks; it handles these better than any human, because it works 24 hours per day, doesn’t get tired, doesn’t miss things,[...]
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Super Effective Accounting & Financial Management Checklist

EXCEPTIONAL FINANCE CHECKLIST FOR YOUR BUSINESS A company needs to be profitable in order to thrive and be successful, and whether it is a small and medium sized entity or a large listed company, having a team of qualified accountants is integral to determining whether the revenue earned is more than the expenditure incurred by[...]
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How to Solve Problems of your Bookkeeper?

Have conversations with your bookkeeper about how matters are going. You don’t want to know all the fine details of doing the numbers entry and reconciliations; however, you need to be able to examine your profit & Loss declaration and Balance Sheet at a simple level to know how things are going. In case your[...]
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Robots to mark the advent of Accounting

Mark Carney, the chief of Bank of England stated that almost 15 million of the existing jobs in Britain could be automatized in a period of time, this includes a lot of professions including accounting in its entirety. In response to the statement by Mr. Carney, John Williams, the head of ACCA (Association of Chartered[...]
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