Frequently Asked Questions (FAQs) - Faisal Tauheed Rao & Co., Chartered Accountants

Frequently Asked Questions

General Questions

Q1. Who is Faisal Tauheed Rao & Co., Chartered Accountants?
A1. Faisal Tauheed Rao & Co. is a leading Pakistani Chartered Accountancy firm providing a full range of professional services including Audit & Assurance, Taxation, Accounting, Business Advisory, GST & Indirect Taxes, Payroll & HR solutions, Virtual CFO services, and Company Registration support. We are committed to delivering excellence, transparency, and tailor-made solutions to startups, SMEs, corporates, professionals, and NGOs across Pakistan.

Q2. Where are you located?
A2. We are headquartered in Pakistan, offering our services nationwide and virtually across the globe. Specific branch details and contact information are available on our Contact Us page.

Q3. Who are your typical clients?
A3. We serve a diverse client base including startups, SMEs, large corporates, e-commerce businesses, professionals & freelancers, NGOs & trusts, and manufacturing & trading firms.

Taxation Services

Q4. What taxation services do you provide?
A4. We offer comprehensive tax services including income tax return filing, corporate tax planning, GST & Sales Tax registration and filing, withholding tax compliance, advisory on cross-border taxation, excise duty matters, tax audits, and tax litigation support.

Q5. Can you assist with tax notices or audits by the FBR or provincial tax authorities like PRA, SRB, KPRA, and BRA?
A5. Absolutely. Our experts handle all kinds of tax notices, assessments, appeals, and compliance audits with Federal and Provincial Revenue Authorities, ensuring minimal disruption to your business.

Q6. What is your approach to Tax Planning?
A6. We believe in proactive, ethical, and strategic tax planning that helps businesses minimize their tax liabilities within the framework of the law, taking advantage of incentives, exemptions, and optimal structuring.

Accounting & Bookkeeping

Q7. Do you provide outsourced accounting and bookkeeping services?
A7. Yes, we offer full-cycle accounting and bookkeeping services, including monthly reporting, reconciliations, financial statement preparation, payroll management, and cloud-based bookkeeping solutions for local and international clients.

Q8. Which accounting software do you support?
A8. We work with leading platforms including QuickBooks, Xero, Zoho Books, Sage, and customized ERP systems to ensure efficient, accurate, and timely financial management.

Audit & Assurance

Q9. What audit services do you provide?
A9. Our Audit & Assurance services include statutory audits, internal audits, compliance audits, forensic audits, due diligence reviews, and special purpose audits in line with ISA (International Standards on Auditing) and local regulations.

Q10. Do you provide audit services for NGOs and donor-funded projects?
A10. Yes. We have specialized expertise in auditing NGOs, trusts, foundations, and donor-funded projects, ensuring compliance with donor and regulatory requirements.

Business Advisory

Q11. What type of business advisory services do you offer?
A11. We offer startup advisory, business structuring, feasibility studies, internal control systems design, corporate governance advisory, risk management consultancy, and financial due diligence for mergers & acquisitions.

Q12. Can you assist with financial forecasting and business planning?
A12. Definitely. We specialize in financial modeling, forecasting, strategic business planning, and helping businesses prepare investor-ready business plans.

Virtual CFO Services

Q13. What does your Virtual CFO service include?
A13. Our Virtual CFO services include financial strategy development, budgeting, cash flow management, financial reporting, board-level reporting, risk management, and advisory on raising capital and investor relations.

Q14. How can a Virtual CFO help my business?
A14. A Virtual CFO provides the expertise of a full-time CFO at a fraction of the cost, helping your business make informed financial decisions, improve profitability, manage risks, and grow sustainably.

Payroll & HR Services

Q15. What services do you offer under Payroll and HR management?
A15. We provide payroll processing, salary structuring, provident fund and gratuity management, employee tax compliance, HR policies development, employee onboarding and exit formalities, and regulatory reporting.

Q16. Can you manage confidential and large-scale payrolls?
A16. Absolutely. We have systems and processes in place to manage confidential, accurate, and timely payroll services for organizations of all sizes.

Company Formation & Corporate Compliance

Q17. How can you help with company registration?
A17. We handle end-to-end services for company registration with SECP including name reservation, company incorporation (Private Limited, Single Member Company, Public Limited), partnership firm registration, NTN registration, and opening of bank accounts.

Q18. Do you assist with annual filings with SECP and FBR?
A18. Yes. We offer complete corporate secretarial services including filing of annual returns, Form-A, Form-29, change in directors, capital changes, and compliance with the Companies Act, 2017.

Industry Specializations

Q19. What industries do you specialize in?
A19. We specialize in servicing:

Startups & Entrepreneurs
SMEs & Corporate Businesses
E-commerce and Online Businesses
Professionals & Freelancers
NGOs, Trusts & Foundations
Manufacturing & Trading Companies

Each industry receives customized service plans tailored to its unique challenges and opportunities.

Engagement and Fees

Q20. How can I engage your services?
A20. It’s simple! Reach out to us via our Contact Us page, book a consultation, and we will tailor a proposal based on your specific needs.

Q21. How are your fees structured?
A21. Our fees are transparent and competitive. They are typically structured based on the scope of services, complexity, volume of transactions, and the level of expertise required. We offer both fixed fee and retainer models.

Others

Q22. Do you offer virtual consultations?
A22. Yes, we offer virtual consultations via Zoom, Google Meet, or Microsoft Teams for our clients both locally and internationally.

Q23. How do you ensure confidentiality and data security?
A23. Client confidentiality is at the core of our values. We adhere strictly to international data protection standards, signed NDAs where required, and use secure servers and encrypted communication channels for data transfer.

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