Trusts play a crucial role in social development, offering a structured and legally recognized way to contribute to education, healthcare, poverty alleviation, and community welfare. Setting up a charitable trust requires legal compliance, financial planning, and long-term management strategies to ensure sustainability. This guide explores the key components, legal framework, registration process, compliance requirements, and […]
Effective money management is more crucial than ever in the cutthroat business world of today. The goal of financial management is to strategically use financial data to drive business growth, reduce risks, and make well-informed decisions. It goes beyond simply keeping the books balanced. Understanding financial management is crucial for overcoming obstacles and seizing opportunities, […]
Did you know that 90% of the businesses in Pakistan are Small and Medium Size Enterprises (SMEs)? These SMEs are the backbone of Pakistan’s economy as they contribute 40% to the GDP and provide employment to 80% of non-agricultural workers. Unfortunately, many SMEs are operating informally in the country and are not registered with SECP. […]
Despite ever-evolving tax regulations, many taxpayers still make simple mistakes when filing their returns. Research shows that over 30% of taxpayers make significant errors while claiming deductions and tax credits. Avoiding these mistakes can save your business time and money, reduce the risk of penalties, and protect your reputation. In this blog, we’ll outline five […]