Umer Akram
Assistant Manager at Malik Haroon Shahid Safder & Co- Claim this Profile
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Bio
Experience
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Haroon Malik & CO., Chartered Accountants
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Pakistan
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Accounting
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1 - 100 Employee
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Assistant Manager
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Jan 2018 - Present
Being in Tax Advisory department, I were able to understand the specific needs of the client for management's decision making purposes and for reporting purposes and respond to the same using my knowledge, skills and expertise in taxation, financial reporting and auditing. My seven year's practice has enabled me to work in a challenging environment at a senior position to get the job done. During my tenure the following were some of the practice areas: Tax Planning & Compliance: *Annual Corporate Tax planning to ensure compliance and management of tax as per applicable provisions of different laws i.e. Income Tax Ordinance, 2001, Sales Tax Act, 1990, Provincial Taxes and different labor laws, *Compliance with monthly sales tax laws, *Compliance with income tax withholding provisions, *Reconciling monthly sales tax returns with financial statements, bank statements, income tax withholding statements and projected financial statements, *Compilation of tax records to ensure compliance incase of sales tax audit, income tax audit and withholding tax audit, *Tax planning and compliance in connection with net wealth of individuals. *Representation before Commissioner Inland Revenue and Commissioner Appeals to make compliance of different notices issued under Income Tax Ordinance, 2001 and Sales Tax Act, 1990. *Discussions with different buyers and suppliers of clients on their behalf to resolve different taxation related issues. Financial Reporting: *Preparing financial statements for external reporting purposes in accordance with International Financial Reporting Standards and local requirements of Companies Act, 2017 (Pakistan), *Accounting services including preparation of financial records and books of account, Advising clients with respect to their statutory obligations, *Assisting in development and implementation of accounting and internal control systems, *Training and development of our and client's staff personnel, *Bookkeeping assignments Show less
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Tariq Abdul Ghani Maqbool & Co.
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Pakistan
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Accounting
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100 - 200 Employee
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Dec 2017 - Dec 2018
Experience in the Audit & Assurance department of the firm has enabled me to develop acomprehensive understanding of the competitive and regulatory environments ofdiversified industries and the accounting and internal control systems implemented atvarious organizations. Self motivated and disciplined and have ability to analyze andmanage budgets, financial reporting and auditing. Advanced technical skills and an abilityto adapt quickly different software packages and office systems.Areas of Work:IFRS / IASFinancial StatementsFinancial AnalysisExternal AuditInternal ControlsSignificant corporate clients that have contributed to my professional growth include:Pakistan Engineering Company Limited (PECO)Habib Construction Services LimitedZealcon Engineering Private LimitedTextile Services Private LimitedShafi Foods Private LimitedCity Steel UAE Mills Private LimitedMillac Foods Private Limited Show less
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Aug 2014 - Dec 2017
Sales Tax/VAT, Income Tax E-filing of tax/VAT returns including private and public limited companies. Preparing Financial statements of various clients, Maintenance of books of accounts, Filing appeals before Higher Appellate forum. Keep update clients about amendment in taxation laws etc.Further it includes:Analyzing monthly tax reports for corporate reporting.Compiling general ledger entries on a short schedule with nearly 100% accuracy.Generating tax reports and facilitating account closing procedures each month.Computing taxes owed by applying prescribed rates, laws and regulations.I have handled tax related matters of corporate and non-corporate entities of different sectors which include but not limited to:Manufacturing Sector:Venus Carpets (Pvt.) limitedVenus Kaplan (Pvt.) limitedHi Profeeds (Pvt.) limitedActichem (Pvt.) limitedCity Steel UAE Mills (Pvt.) limitedCreative Analysis (Pvt.) LimitedDanish Apparel (Pvt.) LimitedExpress Packages (Pvt.) LimitedMeat & Dairy:Everfresh Farms (Pvt.) LimitedShafi Foods (Pvt.) LimitedTazij Meats & FoodRetail Sector:Al-FatahEnemCheckpointConstruction Sector:Dupak Residency (Pvt.) LimitedHabib Construction Services LimitedHabib Rafiq (Pvt.) LimitedZealcon Engineering (Pvt.) LimitedEngennring Kinetics (Pvt.) limitedServices:Zafahr Power (Pvt.) LimitedPrima EnergieInternational Fashion Academy of PakistanN-GentsDine & TasteKaswa Designe ServicesThe Food ChainOthers:Opal Distributers (Pvt.) LimitedUniworkCity Tradres Show less
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Education
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Institute of Chartered Accountants of Pakistan
Chartered Accountancy, Accounting, Auditing, Taxation -
Punjab Group of Colleges
Intermediate, Fsc ( Pre Engineering ) -
The Trust School Lahore
Matriculation, Science