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.

Auditing committees

Auditing is more than just the regular checks on the maintenance of financial statements and their records. In today’s world there are far more compliance requirements, and the burden of these requirements fall over the audit committee of the business. What are these duties other than the maintained of financial statements that are to fulfilled by the audit committee?

There is always a clash or conflict in interest between the different stake holder groups of the company. The shareholder wanting more return on their investments, the managers wanting more power, and the consumers wanting more value. The list of these conflicts can on and on. But the effect of these interest can on business action can be severely alarming.  Managers may end up taking more risk than the business should to earn returns, increasing the business risk. These risks taken by managers could involve unethical and illegal steps. Crossing over the risk appetite of the business. Ignoring laws and regulatory requirements to cut on costs, so that profits could increase. The audit committee of the business is there to manage these risks and look out for these steps. As, within large organization there is a gap between management, in the sense that it takes time for information to reach from one level to another level of management. This increases the risk exposure of the business. The audit committee is then responsible to look after compliance and governance. This is why it is important to have a competent audit committee within the organization.  

For those business who cannot afford the required expertise needed for a proper audit committee can always use the help of auditing firms. Such an auditing firm in Karachi is Sayub and co., which is equipped with the right skill and expertise to do the job of audit committee for your business, looking after the compliance of your business. Moreover, if your business already has an audit committee, our services can still prove to be of certain help to your business. With consultation, that will help you strategize for your compliance. Sayub & co. is one of the many renowned audit firms in Pakistan, that has been in the service for 25 years. Contact today for more help.

Compliance consultation

Consulting services can provide business with a lot of essential help that business need, these services come from specialist firms. Such as, in law, finance, accounts, marketing. These consulting services provide professional advices to the business. The business consulting firms also help business in formulating strategies and building a business plan. Moreover, these services help improve the existing business structure and help with proper management of assets and the business as a whole.

Sayub & co. is also a consulting firm. It specializes in accountancy and law. With the help of sayub & co. you will be able to manage your business better. There are a lot of services that are provided by Sayub & co. Such as if you are looking for transaction advisory services, these are available with Sayub & co. We will provide you with professional and ethical step by step guide to help you make the most of your business transaction. Moreover, these professional services also include on advices with proper fixed asset management of your business, through analysis and guidance.

Sayub & co. can alos provide legal advisory services to your business, which will help you in maintaining the corporate compliance of your business. With our services you will be able to manage the interest of your stakeholders in a better way. As it there are high standards by the Securities Exchange Commission of Pakistan regarding the compliance of business. These legal advisory services will sure come in handy. With our lawyers you will be navigate through the different and confusing laws, while maintaining your compliance at the same time.

There are also other range of services that Sayub & co. provides with its consulting services, if you are looking for an audit firm. That serivce is also available with Sayub & co. Moreover, if you want help with the registration of different taxes, we will provide you help with that too. All the other services that Sayub & co provides has made it an experienced and trust worthy business companion for many. This is why it can provide business consulting services.

Reduce your risk

There are a lot of risks of doing business, but as we all know rewards are attached to the risk an entrepreneur undertakes, a business at any time is open to a lot of risk, there are a lot of factors that affect the risk level of the business, but there are some risks that businesses can control and plan for those risks, and others risk are beyond the business control. Such as market risk, no business can control this risk. The success of businesses depends on the fact that, how well are the risks controlled, managed and the business is prepared for it. The better the business is prepared for the risk, the lower the value at risk.

Most businesses control the risk, by hedging it, transferring it, this is the same process as when an individual takes out an insurance policy. This same is done by the financial department of the business, but there are other ways too, that a business can control risk. These includes better control and internal regulation, within the organization. There are numerous cases where huge and successful corporations failed, because of misleading reporting. This is misreporting was found in Enron, same was the case in Kidder Peabody bank, and there are so many other cases. This is why it is important for business to have a proper disclosure and reporting system within the organization.

Businesses can adopt to better risk management with the help of consulting firms, these specialized consulting firms help businesses in adopting to better structure, which could help control the operational risk of business. Such as, accountancy firm will help business in proper preparation of financial statements and in proper financial reporting for the business. The expertise of accountancy firm will help business in using the best practices and will help businesses in overcoming hurdles, through better interpretation of the laws.

Such an accounting firms is Sayub & co. which can help your business with day to accounting, accounting tax, and much more. Sayub & co. is equipped with the expertise that provide with consulting services of the right mix, combined stragist lawyers and accountants. For more information, contact today

Audit and beyond

Is your business looking for a trustable name, a name that will add value to your business? A name you can trust for your compliance? A name whose audit report will help your business in compliance? That will successfully reflect the business integrity of your organization? That Will help you reflect the ethics that your business has been following and has been managing to maintain? Then sayub & co. is the name you can trust for all these. Sayub & co is one of the audit firms in Karachi, that has been in the service for more 20 years, which makes more trust worthy than the rest of audit firms in Pakistan.

Sayub & co. is not just an auditing firm. With so many years of experience, it has gained knowledge and expertise to walk your business down the auditing process with extreme professionalism and ethics. We have a team of accountants that will audit your business, with highest level of ethics, maintaining diligence and under proper laws and requirements of the Pakistani government.  

There are other services that Sayub & co also provides, unlike other audit firms in Pakistan. We will provide you help in maintaining compliance of your business, with different services. Our consulting services are available to business; with our consulting services we will help you in preparing strategies ang goals according to your business structure. Moreover, with our expertise you can also get other specialized financial services, we can help your business with transaction advisory services, where we will provide due diligence to your business and make sure that you are able to add value to your business. Not only this but there are legal services also available with Sayub & co. we will provide your business with guidance in proper registration, and provide help with court cases, we will help you preserve your business value legally, furthermore specialized and custom made strategies will be provided to business to help them with the asset management. To get the best of legal, audit and financial services contact Sayub & co today.

The expertise you need

Expertise is not easy to find, business needs to have expertise with in the organization to succeed, to be effective and efficient, and to stay competitive businesses need to be efficient with their costs, the lower the cost for the business the higher the profit margins. Most businesses due to their size cannot afford to have expertise as an internal part of their organization. But having this expertise brings in more profits for the business. This why business use the services of external expertise, these services are of different natures. As businesses need to manage each internal department with the care and attention it requires.

Accountancy firms are one example of external expertise that businesses hire, these accountancy firms bring in their expertise, as the accountancy firms have deep market knowledge and experience, they can provide substantial help to businesses in maintaining the accounts, such as, with the service of accountancy firms, businesses get knowledge of different laws, and the best practices that they should follow. These accountancy firms will help in preparing accounts according to the legal requirements and accounting standards. All these facts will help your business reduce errors and further more when this expertise will be coming externally that means business can hire them at lower costs, and expect more return with their cost incurred, and even more efficiency in business because of the accountancy firm’s specializations.

Businesses could also use the help of consulting firms, these consulting firms can provide help with broader image or in the area of their expertise. Such as many accountancy firms also offer consulting services to businesses who are simply looking to improve their existing business structure. These consulting can help in doing so.

Such an accounting firm and consulting firms is Sayub & co. which can help you bring change, the need one in your business, moreover it is an accounting service that can help you in accounting which includes, asset management, accounting related to taxation, payroll relates accounting and much more, and will also help maintaining of your business’s existing account. For more information contact today.

True Presentation

Audit firms play an important part in the compliance of the business, it is required by the Securities exchange commission of Pakistan, that all the publicly trading companies must have their accounts audited, and the auditing report must be publishing. Moreover, companies should also have an internal audit committee looking over the business transaction and compliance. As businesses undertake and engage in a many transaction, which if not done properly could affect the compliance of the business. Such as when businesses start taking too much risk, risk taking that is beyond their risk appetite, businesses are required to manage their risks according to the risk appetite, to prevent any exposure to such risk which could affect the sustainability of the business. This is why there are audit committees, which are looking over the business transactions, and business activity. In the recent times there have been rise in requirement of enterprise risk management especially after the crisis of 2007-2009. These crises brought in to attention that misleading representation of information were one of the reasons behind the crisis, where the rating committees failed to rate the banks properly. Similar failure can also be expected within business where the business take too much risk, and there is false representation to the stakeholder of the information. This creates another risk, systematic risk.

To ensure that such incidents do not happen regulatory bodies have made it compulsory foe businesses to get their accounts audited by an external party, to minimize the biasness. Si, if your business is looking for an auditing firm in Pakistan, we have it covered for you. Sayub & co. is an auditing firm in Karachi the heart of city, the business hub of the country. Sayub & co. is an accounting firm of chartered accountants to help their clients get the auditing report. Moreover, our team will help you in adopting to practices that will help you maintain compliance also, other than just providing your business with the audit report. We will help you in devising better strategies and action plan to maintain your corporate compliance. Consulting firms provide companies or entrepreneurs with the financial and legal advices they require. Advices from the experts is another factor which makes a business flourish so contact now with one of the best business consulting firms of Pakistan. For more information, get in touch today.

Maintaining the business with consulting firms

Accountancy firms, as the name suggests, provide help and services to other business in maintaining their accounts. The lack of proper accounting is presumably an illicit activity, and if there are not proper accounting standards followed in the business the outcome could be either like Enron, the famous company that went from being the most innovative company to declaring bankruptcy. A more recent and relatable incident for the Pakistani economy is legal notices being sent to the taxi services of Uber and Careem in Pakistan. These companies have been alleged to be running their services without proper registration, which had led to a massive accountancy question on their incomes, because of improper taxation. This is why it is important for business to have proper accounting standards within the organization. As both Careem and Uber were not founded in Pakistan and moved into Pakistani market, for their business. There was not proper registration of their business, as from legal stand point of view they are picking up people and dropping them, and are charging their customers, there is a contract taking place between the parties, that customer and the company, so these business must also pay taxes that apply to their business activity.

If these businesses would have taken proper consulting from legal consulting firms, these notice that are sent would never have been typed in the first place, because the legal consulting firm would have guided them with proper business registration and legal requirements that are in Pakistan. As result their services and business integrity would have stayed intact. This is why Sayub & co. is providing both consulting and accountancy services. For business who are looking for consulting firms, and accountancy firms, to avoid any incident, like one that happened with careem and Uber, should contact Sayub & co. We will provide your business with the proper and legal guidance which will help you maintain your compliance of the business. Moreover, with our experts on the help your managers will be able to understand the dynamic market of Pakistan, and prepare in advance for the future. For more help contact today.