Why maintain tax records.

In accounting tax is a business expense, and this expense is paid out to the government on different transactions, becoming a source of income for government. The government charges a certain percentage on taxable items which then have to be paid to the government. For a business, it is very important to maintain the records of such expenses, the ones where the business can be held highly accountable and if the business is found at fault then usually the government takes an action. There are numerous cases of all sizes of companies being brought to the court over the investigation of tax evasion. Similarly, in Pakistan the Federal bureau of revenue collects taxes and it has been very active in the past year for the collection of taxes. In a state like Pakistan where there is a huge tax gap, the governing agencies are highly active and in pursuit of people and business entities that have been evading tax. We are hearing court actions taken against such entities every other day in the new

As an accounting firm, Sayub & co. offers their services to the companies who need help with income tax return record keeping. Our services will help your business in the creation and maintenance of income tax, your business’s tax filing and returns will be handled by Sayub & co.’s professionals who be helping your business round the clock not only Sayub & co.’s team will guide your company on filling but we will ensure that all the legal aspects are covered while its being done. Moreover, if your company is looking forward for the registration of different taxes, such as sales tax or sales tax registration, our team of professional will helo your company out in this issue as well. By providing guidelines and framework so that no error is committed and any future inconvenience could be prevented from. To ensure your business compliance contact Sayub & co. now.