Best offshore Accountants in pakistan for USA and UK
Best offshore Accountants in pakistan for USA and UK
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1. **Pro Advisors Accounting | Your Own Dedicated Accountant**
Pro Advisors Accounting is your trusted partner for expert advice on tax planning, compliance, and financial management. With a team of Chartered Accountants and ACCA professionals, Pro Advisors Accounting offers unparalleled expertise for both the United Kingdom and Pakistan. Whether you’re a freelancer, small business owner, or corporate executive, our experienced professionals are dedicated to providing personalized solutions to help you achieve your financial goals. Visit their website to connect with a qualified accountant.
Additionally, Pro Advisors Accounting extends its premium bookkeeping and accounting services to clients in the USA. By outsourcing your bookkeeping needs to us, you can ensure meticulous financial record-keeping, compliance with US accounting standards, and significant cost savings. Our expert team delivers seamless and efficient offshoring services, allowing you to focus on growing your business while we manage your financials with excellence and precision.
2. **Salary Income Tax Calculator for Pakistan**
Income tax stands as a direct levy imposed by governments on the earnings of individuals and businesses. In Pakistan, the prevailing Taxation System is delineated by the Income Tax Ordinance 2001 for direct taxes, under the administration of the Federal Board of Revenue (FBR).
This ordinance stipulates the collection of this tax by the central government. The government possesses the authority to adjust the income brackets and tax rates on an annual basis through its Annual Budget. For Pakistan’s tax law, the standard fiscal year spans from 1st July to 30th June. If you’re seeking guidance on how to compute income tax on salary in Pakistan, we have got you covered.
Visit the Salary Income Tax Calculator for Pakistan, add your monthly income, and get a breakdown of your tax. You can further get assistance from a Chartered Accountant if you want to file the income tax return.
Here are the tax rates for the year 2023-2024:
- **Taxable Income:** **Rate of Tax:**
- Where taxable income does not exceed Rs. 600,000: 0%
- Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000: 2.5% of the amount exceeding Rs. 600,000
- Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000: Rs. 15,000 + 12.5% of the amount exceeding Rs. 1,200,000
- Where taxable income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000: Rs. 165,000 + 22.5% of the amount exceeding Rs. 2,400,000
- Where taxable income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000: Rs. 435,000 + 27.5% of the amount exceeding Rs. 3,600,000
- Where taxable income exceeds Rs. 6,000,000: Rs. 1,095,000 + 35% of the amount exceeding Rs. 6,000,000.
- Where taxable income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000: Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000
- Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs. 12,000,000: Rs. 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000
- Where taxable income exceeds Rs. 12,000,000: Rs. 2,955,000 + 35% of the amount exceeding Rs. 12,000,000
3. **Salary and Dividend Tax Calculator for the United Kingdom**
For individuals residing in the United Kingdom, use this online salary and dividend tax calculator to determine your tax liability, NICs, and dividend tax, along with your take-home pay based on your annual salary and dividend income.
If you’re your own boss with a limited company, you probably know about the benefits of paying yourself through a mix of dividends and a salary. It gives you more control, flexibility, and can be tax-efficient.
Dividends are a portion of company profit that is paid to shareholders in exchange for their investment in the business. Various factors affect the dividend amount such as the amount of surplus income the company has available and the percentage of shareholdings the shareholder has.
Dividends are calculated by distributing the profits a company has made after corporation tax has been levied at a rate between 19% – 25% depending on your corporation tax band. In most cases, dividends are taxed after other income sources have already been taxed.
- **Tax rate band:** **Income threshold 2023/24 (GBP):** **Income tax rate (excluding dividends):** **Dividend tax rate:**
- Personal allowance: 0 to 12,570: 0%: 0%
- Starting rate for savings: 12,571 to 17,570: 0%*: N/A
- Basic rate: 12,571 to 50,270: 20%: 8.75%**
- Higher rate: 50,271 to 125,140: 40%: 33.75%
- Additional rate: Over 125,140: 45%: 39.35%
Unlike salaries and wages, dividend income is not taxed at source via Pay As You Earn (PAYE). Recipients are responsible for declaring their dividend income to HMRC by completing a self-assessment tax return at the end of each tax year.
Explore more about our services on our Services page, get an instant quote, and learn about our team on our About Us page.
For further inquiries, visit our Contact Us page.
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