Financial Reporting & Compliance
At Profirm, we specialize in preparing accurate and compliant financial statements that align with International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and the requirements of the Financial Reporting Council (FRC) in Bangladesh.
Preparation of financial statements (IAS, IFRS, FRC).
At Profirm, we specialize in preparing accurate and compliant financial statements that align with International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and the requirements of the Financial Reporting Council (FRC) in Bangladesh.
Our Services Include:
1. Financial Statement Preparation:
- Comprehensive preparation of income statements, balance sheets, and cash flow statements.
- Ensuring compliance with IAS, IFRS, and FRC guidelines.
- Accurate financial reporting tailored to your business needs.
2. Compliance Review:
- Thorough assessment of financial records to ensure alignment with regulatory frameworks.
- Identification and resolution of any discrepancies or non-compliance issues.
3. Advisory Services:
- Expert guidance on adopting IAS and IFRS standards.
- Support for financial restructuring and reporting strategies.
4. Audit-Ready Documentation:
- Delivering reports that meet auditor and stakeholder expectations.
- Ensuring transparency and reliability in financial reporting.
Corporate tax planning and reporting.
At Profirm, we provide expert corporate tax planning and reporting services to help your business minimize tax liabilities, stay compliant, and achieve financial efficiency. Our tailored solutions are designed to align with your business goals while adhering to the latest tax laws and regulations.
Our Services Include:
1. Tax Planning:
- Strategic advice to minimize corporate tax liabilities.
- Structuring operations for maximum tax efficiency.
- Guidance on leveraging available tax incentives and exemptions.
2. Tax Compliance:
- Ensuring accurate and timely filing of corporate tax returns.
- Reviewing and reconciling tax obligations to avoid penalties.
- Keeping you up-to-date with changes in tax laws and regulations.
3. Tax Reporting:
- Preparation and submission of comprehensive corporate tax reports.
- Accurate calculations of taxable income, deductions, and credits.
- Meeting statutory reporting requirements with precision.
4. Tax Audit Support:
- Assistance with tax audits, inquiries, and dispute resolution.
- Providing required documentation and representation before tax authorities.
VAT management and compliance solutions
At Profirm, we offer comprehensive VAT (Value Added Tax) management and compliance solutions to help your business navigate complex VAT regulations with ease. Our services are designed to ensure compliance, optimize VAT processes, and reduce risks, enabling you to focus on your core business activities.
Our VAT Services Include:
1. VAT Registration & Setup:
- Assistance with VAT registration for businesses.
- Setting up VAT systems tailored to your operations.
2. VAT Filing and Returns:
- Accurate preparation and timely submission of VAT returns.
- Reconciliation of VAT accounts and addressing discrepancies.
3. Compliance Assurance:
- Ensuring adherence to VAT laws and regulations.
- Review of transactions to ensure proper VAT application.
4. VAT Advisory:
- Strategic advice on VAT optimization to reduce liabilities.
- Identifying and leveraging applicable exemptions or refunds.
5. VAT Audit Support:
- Preparation for VAT audits with required documentation.
- Representation and support during audits or investigations.
