Better controls: Often, small companies lack a breakup of duties. One person is performing all of the financial assignments. This is a situation that can lead to fraud and theft. Hiring a Virtual CFO to perform these services gives you peace of mind and greatly reduces the risk of losses due to theft and fraud. Increased cash flow: Is your cash flow not where you … Continue reading Virtual CFO benefits and Our Services
Even if you have a knack for closing deals or have effective brochures, advertising and website pages for generating individual sales, that’s often not enough to maximize your profits. Using a variety of sales management techniques to reach that extra 5 percent to 10 percent of your potential can mean the difference between keeping your head above water and generating profits that fund your continued … Continue reading Why Small Businesses should have a Sales Strategy
At first blush, it seems like the coronavirus pandemic is shutting down the economy everywhere, equally, with frightening force and totality. In many respects, that’s true: Across the country, consumer spending—which supports 70% of the economy—is crashing in community after community, as people avoid stores, restaurants, movie theaters, offices, and other public places. Already, the layoffs have begun, with reports coming in from both big … Continue reading Recession is Coming !
“Net sales” and “gross profit” are similar–but not identical–concepts in business economics. Like the similar phrases “gross profit margin” and “net profit,” both of which can easily become confused with either of the other two, they’re different ways of measuring the influx of money into a company. Identifying the separate values allows business accountants to pinpoint what’s working and what isn’t with the structure and … Continue reading Difference between Net Sales and Gross Profit?
Here’s your friendly reminder that the 2018/19 Tax filing extension deadline for business and individual returns is October 31st! ✔️ Your accountant is going to need some time to work on them before that and you know what they appreciate the most? A great bookkeeper! What’s stopping you? Let’s talk ➡️ 0336-5116392 #TaxExtension #SmallBusinessTips #VirtualBookkeeper Continue reading Reminder
OUR SERVICES: – Company Registration – NTN / Sales Tax registration – Income Tax / Sales Tax return filing – Accounting / Book Keeping Refer your friends and we will file your tax return at a discounted rate! Email: firstname.lastname@example.org Call us at: 0336-5116392 Continue reading File your TAXES now!
Senator Elizabeth Warren popularized the 50/20/30 budget rule in her book “All Your Worth: The Ultimate Lifetime Money Plan.” The basic rule is to divide after-tax income, spending 50% on needs and 30% on wants while allocating 20% to savings. Needs Needs are those bills that you absolutely must pay and are the things necessary for survival. These include rent, car payments, groceries, insurance, health … Continue reading 50/20/30 Budget Rule Explained
When should a small business owner hire a CFO? While there is no right answer, there are certain indicators. What are some internal indicators that a small business owner should hire a CFO? An important internal tipping point is when information that helps the business make timely and important decisions is not being prepared. Business owners make decisions at the pace of the business and … Continue reading Signs your Small Business needs a CFO
Without bookkeeping, it’s impossible to measure the true success or failure of your business dealings. You won’t know that your 2,000 rs per-month magazine ad campaign isn’t worth the investment. You’ll have no idea why you barely have enough money to operate your business, and you won’t know where the money went. A smart business owner realizes bookkeeping has several undeniable benefits. Cash Management Benefits … Continue reading Benefits of Bookkeeping
Finperial is a startup providing financial consultancy to other startups and SMEs based in Twin cities. ICON event management and Be The Change along with Finperial organised a free financial literacy seminar for non financial entrepreneurs in Islamabad on 14th September 2019. The event was held at WeCreate Centre F11. Hira Jalal ACCA, founder of Finperial was the keynote speaker. The seminar was attended by … Continue reading FINPERIAL organises Financial Literacy seminar in Islamabad
As a small business owner, you wear a lot of hats. One of those hats might be CFO, but even if it isn’t, you need to have a basic understanding of financial statements for small business and what each one tells you. Knowing how to read and understand financial statements is useful not only for your business but also for personal finances, work on volunteer … Continue reading SMALL BUSINESS: Financial Statements
This free workshop helps start-ups and small business owners understand material related to business accounting and entrepreneurial finance. In this workshop, you’ll gain a basic understanding of finance, accounting and tax concepts to drive the success of your business. This workshop is worth PKR 1500, however we will be running it for free. It will run for 2 hours (5pm-7pm) on Saturday 14th September 2019 … Continue reading Finance for non-financial entrepreneurs
Be very careful while filling income tax return 2019, which will be open around September 2nd or 3rd. FBR will be using systematic matching technique to catch those who fill incorrect information or hide assets. Accordingly to experience Tax payer makes 5 common mistakes. Hiding Tax on Education local section 236I & Aboard 236R both, Kindly avoid this mistake. Hiding Capital loss on securities : … Continue reading A little mistake can hurt you BIG TIME.
ICAP’s Magazine “The Pakistan Accountant” published an article on “How Virtual CFOs reshape growing business” FINPERIAL is incomparable in this area and has been promoting necessity of CFO’s for businesses and providing quality services of Virtual CFO in Islamabad and Dubai. Contact us today to discuss how we can provide you premier services without any significant investment. 0336 5116392 email@example.com Incase you need to read … Continue reading Virtual CFOs – You need one! Even ICAP agrees.
Federal Board of Revenue (FBR) on Saturday urged people to file complaints against businessmen who are charging sales tax without registering themselves under sales tax act. According to details, FBR has issued a circular which states that general public has reported complaints against the businessmen who are charging sales tax from consumers without being registered with FBR under the Sales Tax Act-1990. “It is, therefore, … Continue reading FBR – Take Action if Sales Tax is Wrongly Charged
IMF resident representative Teresa Daban Sanchez in Islamabad outlined some restraints, deterring Pakistan to utilize $6 billion 39-months bailout Package. Referring to CPEC projects, she said it’s largely a commercial venture in power and infrastructure areas of Pakistan. She acknowledged the fact that CPEC helped Pakistan deal with severe power shortfall. She rebuffed the perception about Chinese Debt Trap and expressed that the debt sustainability … Continue reading Inflation might further go up but in the long term Pakistan is looking at growth- IMF
The Federal Board of Revenue (FBR) extended the deadline for filing of income tax returns for the year 2018 to August 9th 2019 coming Friday. “In Continuation of Circular No. 07/2019 dated 02.07.2019 and in exercise of the powers conferred under Section of 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to further extended the date of filing of … Continue reading New deadline by FBR- August 9th 2019
Latest update 4 dead and 30 injured in an explosion at Mezan Choke Quetta . It is a really sad moment for us😭. May the soul of martyrs rest in Jannah. (Ameen) Pak army #PlaneCrashed in residential area in Rawalpindi, 17 died, many injured Continuous firing of indian army in Leepa Valley and Neelum Valley, 3 died, 35+ injured Blast in #Quetta, 4 died, 32 … Continue reading Quetta: 4 martyred, 30 injured including 4 critical.
Amid the coronavirus pandemic and surging number of Covid-19 cases in Punjab, the Usman Buzdar government presented a budget worth Rs. 2,240.7bn for the financial year 2021. The budget was an attempt to balance economic growth and development along with providing relief to the masses effected by the pandemic. Among the Covid-19 mitigation measures was a significant reduction in the General Sales Tax at restaurants … Continue reading Relief for restaurant goers: significant cut in GST
A consulting firm or a consultancy is a service providing business consisting of a panel of experts or consultants who offer professional advice to a person or an organization at a specific cost or fee. A consultant is an individual who is adept in his or her field and is experienced and qualified enough to attend to the needs of his clients. A consultancy firm … Continue reading Top Consultancy Firms in Pakistan
Freelancers around the world are unable to access their money from their prepaid Payoneer card thanks to a recent Wirecard scandal in the UK. Wirecard is a subsidiary of the German company Wirecard AG that filed for insolvency on Thursday. All Payoneer Prepaid Mastercard cards are affected considering they are issued by Wirecard UK. The United Kingdom’s Financial Conduct Authority (FCA) has ordered Wirecard Card … Continue reading $2 Billion Scandal- Freelancers affected.
Alarmingly, a preliminary investigation into a deadly plane crash in Pakistan has found that 1-in-3 of the country’s pilots have fake licenses and are unqualified to fly. The Pakistan International Airlines (PIA) Airbus A320 crashed in the city of Karachi on May 22 after taking off from Lahore, killing 97 people. While it remains unclear whether the pilots of the ill-fated aircraft were among those … Continue reading 1/3rd of Pakistani Pilots have Fake Licenses
In the midst of this pandemic, now is a great time to resolve to improve employee relations – the manner in which your organization’s administration interacts with employees. The better you get at employee relations, the happier your staff will be. The happier your staff, the more productive they will become. And as you can imagine, this will directly affect your bottom line. Follow these … Continue reading Ways to Improve Employee Relations
If you don’t teach your kids how to manage money, somebody else will. And that’s not a risk you want to take! We’ll show you how to give your kids the head start you wish you had and set them up to win with money at any age. How to Teach Pre-Schoolers and Kindergartners About Money 1. Use a clear jar to save. Money jar is … Continue reading Ways to Teach Your Kids About Money
Have you been #laidoff due to the #pandemic? Do you have an account with Askari Bank? Have you taken a loan from Askari Bank or use their #CreditCard? Good news- rather some hopeful news- Askari Bank will view your case and accommodate with whatever they can. Askari Bank’s take: The pandemic of Covid-19 is impacting us all at a very personal level and in the … Continue reading Askari Bank facilitating COVID-19 terminated employees and self employed who suffered losses.
Elon musk losing his marbles! Stay at home orders are getting to everyone. Tesla Founder #ElonMusk tweeted that the Company’s Share price was Too ‘High’. Elon Musk is on the cusp of a $730 million award, even after a tweet tanked Tesla’s stock CEO is poised to reach key performance goal in the coming days Not even a pandemic — or a tweet — can … Continue reading Elon Musk having a Mental Breakdown?
Give me a problem, I solve it. That’s how entrepreneurs work, right? We’re problem solvers by nature. That’s great in theory, but here’s the thing: How do you know that you’re working on the right problem? That you haven’t overlooked the root cause? That your chosen solutions are the ones with the highest potential impact? Answering these questions is actually pretty easy. All you have to do … Continue reading Follow this five-step process for defining your root problem, breaking it down to its core components, prioritizing solutions, conducting your analysis, and selling your recommendation internally.