SERVICES

WHY CHOOSE US?

We are Team of Highly Qualified & Experienced Accountants & Finance Professionals. We keep our members up-to-date with laws and practices.

Our Team Members are having qualification of CA, ACCA & CA (F).

We have earned the trust and loyalty of many clients who rely on us as their trusted partner.

NMC Service

ASSURANCE

Our audit approach is supported by the core objective of financial statements auditing; which is to express an independent opinion on whether the financial statements as a whole have been prepared in accordance with International Financial Reporting Standards (IFRS) to give a true and fair view of the financial position and results of the entity. To achieve this objective, we perform our audit in accordance with International Standards on Auditing. We focus on obtaining sufficient, reliable and relevant audit evidence to form an opinion. This involves making the best use of resources available to us, the expertise of our professional staff and their time. Given the objective and the diversity of clients we serve, we have developed an audit approach that provides a high degree of flexibility with an emphasis on exercise of professional judgment in performing the audit to meet the specific requirements of each client. Our approach has four key factors:

  • Understanding the client – business, risks and needs
  • Developing client service strategy based on our understanding of client
  • Translating the strategy into an effective and efficient programme of work for the audit
  • Drawing appropriate conclusions from the results of audit procedures performed.

ACCOUNTING

Our accounting services provide accurate and detailed management information on a timely basis and tailored to the clients’ requirements; ensuring the fact that informed business decisions can be made by the management. We believe that management accounting drives business performance. Our firm has vast experience and expertise of accounting softwares like SAP Business One, Peachtree (sage 50), Quick Books, Tally ERP – 9 and an in house custom built accounting software namely “Back Office”. We have been providing accounting and book keeping services to many clients on these softwares. Our accounting department operates the softwares on behalf of the clients and all the data entries are reviewed by senior level staff before final reflection in the general ledgers. In this way, the general and subsidiary ledgers are maintained from which trial balance is generated and monthly, quarterly, annual or semi-annual financial statements are prepared. Our accounting department personnel also prepare the annual financial statement as per the statutory requirements along-with all relevant disclosures for on-ward submission to regulators. In addition to this, we work closely with our clients to develop the management packs as per their specific requirements. They have a distinctive ‘look and feel’ and are easy to read. These management reporting packs enable our clients to focus on their own expertise and highlight particular areas in the business that are not producing the correct results. The management packs provide comparatives to budget, forecast, prior year (where applicable) and include cash flow forecasting and value-add metrics such as break-even point and profitability by sector. We also provide a comprehensive audit file providing reconciliations of all the balance sheet accounts. We work closely with the external auditors to ensure that all the relevant information required is prepared as per audit standards. This enables the client to negotiate a competitive price for the audit. We discuss all the numbers within accounts in detail with our client and explain anything that requires clarification.

TAXATION

Our taxation services include:

  • Filing of income tax and sales tax returns
  • Consultancy for tax related matters
  • Maintenance of registers for sales tax
  • Income tax appearance till Tribunal level
  • Expert advice on personal taxes
  • Obtaining Exemption Certificate
  • Corporate and individual advisory services
  • Expatriate tax planning
  • Representation before taxation authorities
  • Tax compliance and assessments

 

NMC’s tax team is led by its founder Mr. Naveed Maqsood and other senior team members who are committed to provide clients with highest standard of professional counsel and direction in all of its diverse practice areas. The tax team caters a large portfolio of different clients, which comprise of manufacturing, services and retail sector. We provide our clients an innovative tax service for their sophisticated and complex transactions. Our tax specialists are fully conversant with the complex laws and the techniques for strategic tax planning. As taxation pervasively affects all businesses and their decision-making, we place major emphasis in providing taxations advice and related services with a problem solving approach. We keep our selves updated with the changes in the tax and other corporate laws, along with informing our clients with the implications of the applicable laws and regulation on their business. We also have association with the relevant law bars and associations, to keep our knowledge base updated at all the times. We ensure that our staff attends the seminars and conferences held by professional institutes to stay in line with the prevalent practices.

CONSULTANCY & OUTSOURCING

NMC provides on-going consultancy, advisory and outsourcing services related to the accounting functions involving monthly, quarterly or yearly reporting and review of general ledgers and supporting subsidiary ledgers. We assist the accounting personnel of our clients in meeting their day to day operational needs and provide them the desired technical support and recommend improvements, where necessary. We also provide financial record analysis and a deep insight of the operations through dashboard reporting. We bring our experience in business practices and expertise in delivering complex outsourcing projects. We can do the job better with our knowledge and understanding of the domain. This leads to an increase in productivity and efficiency in the process thereby contributing to the bottom-line of our clients. We ensure that after outsourcing the business processes would free our client energies and enable them to focus on building their brand, invest in research and development and move on to providing higher value added services.

Consultancy advisory and outsourcing services includes:

  • Accounting & bookkeeping outsourcing
  • Project feasibilities
  • Project management and financial projections
  • Business evaluation
  • Financial modelling and business planning
  • Internal audit
  • Assistance in preparation of internal audit plan
  • Systems and operations audit
  • Due diligence
  • Preparation of Standard Operating Procedures
  • Evaluation of systems of internal controls in view of best practices

 

 We make recommendations where we think there are weaknesses and assist with revenue growth and cost reduction strategies

INFORMATION TECHNOLOGY

We implement off the shelf accounting software with the objective to automate all the business operations. The computerized ledger system is fully integrated. This means that when a business transaction is inputted on the computer it is recorded in a number of different accounting records at the same time. We tend to serve our clients with a view that they realise the advantages of a computerized accounting system like

  • Speed
  • Automatic document production
  • Accuracy
  • Up-to-date information
  • Availability of information
  • Management information

 

Our IT services include:

  • ERP implementation
  • Implementation of off the shelf ERP
  • Alignment of IT requirements and organizational needs
  • IT support to increase value to the business
  • Development of IT strategy
  • Information system audit