Wearing too many hats?

The need of consulting firms is rising in Pakistan. Organizations of all sizes have needs that change regularly, and in the Pakistani economy especially, where the country as managed to evolve itself into an emerging market, resulting into business growth for many organizations.  Resources and expertise are scarce all over the Globe. For success organizations must be positioned to react quickly, effectively and efficiently. It is the survival of the fittest. They need the powerful impact of a broad range of expertise, delivered with maximum value.

The problems that often occur are that as organizations grow or transition, the owners, managers and employees increasingly wear multiple hats, leading to overburdening of tasks and responsibilities. Organizations spread tasks and responsibilities around thinking that it is only a few hours; it can save costs or we can make it happen until we can hire full time. The business then starts to face short term absences such as vacation, instead of being efficient the reverse most often occurs with organizations being increasingly inefficient, owners and senior managers being stressed because of overburdening, less focused and less effective functional teams within the organization.  The impacts on the organization can include less than optimal growth or lower revenues, higher costs and lost opportunities and profits. As in economics it is termed the diminishing returns.

Why does this happen?  For organizations to perform optimally, everyone on the team must be focused on the organization’s goals and do what they do best, with the best use of their time.  Wearing too many hats dilutes, distracts the attention from the goals and hurts the organization. Such as, the owner of a business built it by taking leadership roles in accounting, law, taxes, and marketing. It might be the highest and best use of the time, generating the greatest contribution to the organization. However, as the business grew, the owner got more and more involved in operations, sales marketing or human resource. The owner or the manager may feel stressed and trapped thinking they don’t need or cannot afford expertise such as a legal advisor, compliance officer, or a chartered accountant. Stress building starts.  The owner and the business will suffer with time.  What are the true costs of this to the business?

This why there are business consulting firms one of these consulting firms in Karachi is Sayub & co.  We will provide direction to your organizations. It will be the main target of our consulting services to your organization. This challenging responsibility of consultation, when done effectively, is a great source of fulfillment. Clients don’t hire us for trivial reasons; they hire us for something they can’t fulfill and manage. They need of specialized skills to analyze valuable information, our expertise will help them to decide, our objective opinion to push them to the top. our recommendations will become the part of your strategic planning, and you will certainly be proud of that. For more information, contact us today.

The use of audit reports

Audit reports play an important part for organizations, Sayub & co. is an auditing firm in Karachi offering its services. Big organizations which have business spread across many different areas, would have employed a number of staff, functions, office locations or technical systems. The managers of the organizations that are employed that are not personally and solely operating, the transactions and the activities of the business are controlled by  many managers which leads to the risk of errors or irregularities occurring in the organization. This is why like an organization maintains and checks the quality it offers it also desirable to check and deter fraud within the organization by carrying out a regular audit.

The audit will help to identify weaknesses in the accounting systems of the organization, and it enables the management to suggest improvements. The process of auditing keeps management informed of areas/situations where advice is useful and the change is needed. The auditor assures directors are not involved in the accounting functions of the organization on a day-to-day basis that the organization transactions are running in accordance with the information it is receiving, this helps reduce the scope for fraud and poor accounting, and hence securing the stakeholder value. Moreover, the audit will facilitate with the provision of advice that can have real financial benefits for an organization, including how the organization is running, what margins, goal, and strategies can be set expected and how these can be achieved. Advice can cover anything from the tightening of internal controls, to reducing the risk of fraud or tax planning.

The audit report is not only important because it is a requirement by the Securities Exchange Commission of Pakistan, the audit report will enhance the credibility and reliability of the figures being submitted to prospective purchasers of the organization. If an owner or manager is planning on selling in the future over the years, it may be beneficial to carry out regular audits to increase the reliability.

Obtaining the audit report may also be advantageous if the size is growing of the organization and likely to exceed the turnover in the near future, in order to avoid having to revisit the previous years’ figures, once the threshold has been reached, and most importantly the audit report adds credibility to published information for employees, customers, suppliers, investors and tax authorities. So for your audit reports in Pakistan, contact Sayub & co. a trusted auditing firm in Pakistan.

Services of a modern accountancy firm

Accountancy firms provide a range of services to business along with business consultation, the need of a modern accountancy firms has resulted them in offering consulting services, advisory services. Sayub & co. has also evolved, and provides a range of services along with the traditional accountancy services.

Tax accounting is the focus on tax preparation and planning for companies of all sizes, and also for individuals. Sayub & co. has a team of chartered accountants to help businesses in preparation of taxes.  Our tax accountants always keep up with current tax laws. The Federal Board of Revenue collects tax for individuals and businesses in Pakistan. Tax laws differ from Generally Accepted Accounting Principles (GAAP). With our services you would not have to worry about continuing education of your employees for courses to stay abreast them on changing tax laws, accounting software and tax planning strategies. We will equip your business with the right business strategies

Auditing services provided by Sayub & co. use accounting skills and legal policies to discover the fraudulent, illegal and unlawful activities that might have taken place within the organization. Public and private companies hire auditing firms to investigate financial records, and sometimes auditors work with government and law enforcement. When an employer or the government takes legal action against individuals found to be involved in the corporate fraud, the courts may call upon auditor to testify as expert witnesses. In court cases, auditors may need to present evidence of embezzlement, identity, money laundering, theft, and stock price manipulation.

Sayub & co.’s advisory services works to cover a broad spectrum of areas where businesses need help. It could involve advising businesses on improving the performance, rearranging the corporate structure, or dealing with risks they face. These services are provided jointly by the accountants and lawyers who then help in making strategies and business plans. Moreover, there are wide range of consulting services are also available at Sayub & co. making it a consulting firm as well.

Book keeping service is the complete fundamental accounting service for small and medium-sized companies. Services provided by Sayub & co. for bookkeeping include accounts payable, accounts receivable, bank reconciliation, financial statement preparation, credit sales reconciliation, and preparation of accounting write ups. Additional services offered for bookkeeping by Sayub & co. include payroll, small business tax preparation. For more information about our services contact us today.

Consultation with Sayub & co.

The legal complexity of doing business in Pakistan has always been persistent. There is always change of tone felt in the regulatory authorities in Pakistan. This makes it really difficult for businesses to understand the law, hence resulting in the complexities of doing business.

There is least amount of assistance available to the business owners who are looking for proper registration of their businesses, moreover, they are afraid to be tangled in the legal system. Without proper guidance and help, there are high chances that some legal error might be done by the owner or managers of the business without prior knowledge. Whereas, with the help of consulting firms this issue can be resolved. This is why, Sayub & co. a consulting firm is offering their services to help businesses remove hurdles that they face with the legal system of Pakistan. With Sayub & co. you will be able to provide for the registration of the business, whether your business is sole proprietorship, partnership or if you want to register your business as a company. The expertise of Sayub & co. will help you in doing so. With the past experience of 25 years, Sayub & co. has developed knowledge and skills to help your business. Moreover, consultation is also available for business which want to register for different taxes. Our consulting firm will also help you on building and creating successful business strategies compiled by accountant and lawyers, these strategies will successfully cover the horizon of different business issues such as tax issues related to merger and acquisitions, with our transaction advisory services you will be provided such services.

if your business is looking for business consulting firms that offer services related to law and accounting, Sayub & co. is the name you could trust. With our due dillegence, and ethics your business will be in safe hands for consultation. For more information about our services contacy us today through email or phone.

Look no more

Are you searching for auditing firms in Karachi? Do you want a reliable auditing firm in Karachi? Are you having problems with the compliance? Do you want a business that provides consultation services?

If you are looking for one name that can satisfy all those answers, well then answer to all those questions is Sayub & co., It is an auditing firm in Karachi, that has been operating in accounting services for the past 25 years. Giving Sayub & co. deep market knowledge, and expertise. Which can definitely be provided to businesses looking for auditing services. Our auditing services are provided by our highly trained professional team. Which follows high standards of ethics, and will help your business in compliance. As for the publicly traded companies in Pakistan, it is required by the securities exchange commission of Pakistan that all publicly traded companies must publish an audit report, from an external auditor. It is one of the regulatory requirements for the publicly traded companies. With Sayub & co. your company will be able to do, as we will audit your business with accordance to the requirements. Our highly trained professionals will follow the standards set by the Institute of chartered accountants of Pakistan, so that there are no issues for your business and the compliance is fulfilled.

Furthermore, Sayub & co. is one of the auditing firms in Pakistan, that will provide your business with services that will also remove complexities of doing business. Through a range of versatile and broad services at Sayub & co . you will be able to attain consulting services for different issues. We can help you with different registrations required by the regulatory authorities. Such as sales and service tax registrations, and we will also help with accounting of different taxes. Moreover, we will also help you build answer excercise different strategies. With our services you will be able to devise different strategies which will help your business in maintaining value and you will be able to focus on the core activities of your business.

To get more information contact us today, we will provide you with the services that you need.

The of reliability

Sayub & co. was made 25 years ago, and since then it has strived to serve its clients in the best interest. Sayub & co. started off as an accountancy firm, but over the time it gas evolved itself into other business services.

Our accounting services are available to businesses looking to improve their accounting standards, with our services you will be able to set and maintain proper accounting standards within your business structure. We will provide you with guidance according to the Institute of chartered accountants Pakistan; we will make sure that your business accounts are prepared as per the requirement of ICAP, removing any compliance problems and issues. Moreover, with Sayub & co. accounting services your business will be able to maintain its accounting value. With our expertise you will be able to remove any hurdles that your business is facing to maintain the standards, because our professionals will produce accounts and financial statements as per the requirements. We have been in service for more than 25 years which have equipped our teams with the required level of experience to help your business.

Sayub & co. also provide consulting services to other business; this is because of wide industry knowledge and expertise. We can provide your business consultation over legal matters. Such as those related to the court, including legal cases, court junctions and we will also provide legal consultation related to registration of the business, so that there you are able to maintain and sustain the legal status of your business. This consultation will also help your business with registration of different taxes. Such as, sales tax registration. This tax registration holds particular importance to the business, because in Pakistan business will not be able to carry out the movement of assets and would be able to buy assets. The sales tax registration provides business with a sales tax registration number, which then can be used during transactions.

With our services, you would not require other accountancy firms or consulting firms, because Sayub & co. provides with a range of services that will help you add value to your business. Contact us today for more information.

Inconsistency in leadership

Yahoo, once valued at $100 billion, was sold to Verizon for only $4.83 billion last year in 2016, and this was after Microsoft made Yahoo and offer of $43 billion. So what went wrong? Why was Yahoo sold at only 10 percent of what Microsoft offered to buy it for?

When Yahoo started to gain attention and was in prime of its business, it was approached by two students who wanted to offer them an algorithm, which would have helped the visitors of Yahoo, Yahoo turned down the offer and the student that later became the founders of google with same algorithm which was presented to Yahoo. Only if Yahoo had bought that algorithm, then the world as we know today would also have been different. After the Dotcom bubble, things started to change for Yahoo.  It started to lose out on the business that it was good for, Yahoo mail was replaced by Gmail, its messenger was replaced by the fast changing technology social networks, it lost its business to its competitors who were doing those things better than Yahoo. During All this time Yahoo started to take over different businesses, and in total it had holdings worth of $33 billion. Which was made up of long list of companies, and in the process of this, they offered to buy Facebook for $1 billion and the founder of Facebook turned it down, and according to some sources if the bid had been more than $1 billion than the CEO of Facebook would have been forced to sell the company by the board. Moreover, Yahoo had 6 different CEOs over 6 years.

All these mistakes point out to one major mistake, which could have saved Yahoo and changed the fate of the company and how we see the world today. It was poor investing decisions by the management of Yahoo. Yahoo started too loose its core business to its competition and in return it invested in too many businesses with hopes of sustainable source of return, but none of those businesses turned to be savior for Yahoo. Instead if Yahoo would have remained in its core business and invested in relatable fields things would have been different for Yahoo. As google and Facebook did. Google is not only a search engine. It defines what technology is for us today. From mailing, to YouTube, to mobile phones and operating systems. Facebooks what once was just a social networking sight, now owns WhatsApp, twitter and much more. It has its own dedicated mobile phone Applications.

This leaves us with an important lesson, that companies without proper leadership and guidance are bound to fail. The company that was once valued at $100 billion was sold for only $4.83 billion. Businesses with leadership and guidance issues, should look for consulting firms. These business consulting firms could  help with the inconsistencies of the leadership and provide deep market research, proper investing strategies, and business plan. These plans can prove to be the only source of survival of your business. If you are looking for business consulting firms, contact Sayub & co. today. With Sayub & co. consulting services your business will be equipped with the right vsion of tomorrow.