AF-Virtual Accountant & Bookkeeper

AF-Virtual Accountant & Bookkeeper we have team for managing bookkeeping and taxation . we are using different software for bookkeeping e.g Xero accounting ,Wave accounting, Sage and Quick book.

we are the name of trust, you can hand over your bookkeeping service in safe and trustworthy hands.

Company registration, Sale Tax , Income Tax, IPO, PSEB, DNFBP registrations.
08/19/2025

Company registration, Sale Tax , Income Tax, IPO, PSEB, DNFBP registrations.

06/11/2025

๐Ÿง‘โ€๐Ÿ’ป Freelancers & IT Business โ€“ 2025 Tax Policy Summary

โœ… ๐Ÿ. ๐„๐ฑ๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž (๐ฅ๐ข๐ค๐ž ๐Ÿ๐ซ๐ž๐ž๐ฅ๐š๐ง๐œ๐ข๐ง๐  ๐จ๐ซ ๐ฌ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ˆ๐“ ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐š๐›๐ซ๐จ๐š๐)
โ€ข If you earn in foreign currency (USD, etc.) through freelancing, IT, or software exports, youโ€™ll still enjoy tax benefits, but:
โ€ข You must bring the money into Pakistan through legal banking channels (not via PayPal to JazzCash etc.).
โ€ข Your income should go into a foreign currency account or be converted properly through banks.

๐Ÿ’ฐ ๐Ÿ. ๐“๐š๐ฑ ๐‘๐š๐ญ๐ž ๐Ÿ๐จ๐ซ ๐…๐ซ๐ž๐ž๐ฅ๐š๐ง๐œ๐ž๐ซ๐ฌ / ๐ˆ๐“ ๐„๐ฑ๐ฉ๐จ๐ซ๐ญ๐ž๐ซ๐ฌ
โ€ข The government is planning to introduce a flat tax rate (likely between 0.25%โ€“1%) on export earnings (like before).
โ€ข But to get this rate, you must be registered with:
โ€ข Pakistan Software Export Board (PSEB) or
โ€ข Pakistan Freelancers Association (if formed later)

๐Ÿ’ก If youโ€™re not registered, or if your income isnโ€™t declared properly, you could face standard income tax rates (up to 35%).

๐Ÿงพ ๐Ÿ‘. ๐…๐ข๐ฅ๐ข๐ง๐  ๐“๐š๐ฑ ๐‘๐ž๐ญ๐ฎ๐ซ๐ง๐ฌ
โ€ข All freelancers & IT workers must file tax returns โ€” even if they pay little or no tax.
โ€ข Not filing returns = Non-Filer = Youโ€™ll face:
โ€ข Higher tax on bank transactions
โ€ข Difficulties in getting loans, cars, or property
โ€ข Trouble getting foreign payments released

๐ŸŒ ๐Ÿ’. ๐๐ฅ๐š๐ญ๐Ÿ๐จ๐ซ๐ฆ๐ฌ ๐ฅ๐ข๐ค๐ž ๐…๐ข๐ฏ๐ž๐ซ๐ซ, ๐”๐ฉ๐ฐ๐จ๐ซ๐ค, ๐๐š๐ฒ๐จ๐ง๐ž๐ž๐ซ, ๐ž๐ญ๐œ.
โ€ข No direct tax on Fiverr/Upwork earnings, but once the money lands in Pakistan, itโ€™s considered taxable income.
โ€ข Using Payoneer/wise bank withdrawal โ†’ the amount must match the declared income in your return.

๐Ÿง‘โ€๐Ÿ’ผ ๐Ÿ“. ๐…๐จ๐ซ ๐ˆ๐“ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ / ๐’๐ญ๐š๐ซ๐ญ๐ฎ๐ฉ๐ฌ
โ€ข Registered IT companies:
โ€ข Can still get 100% tax exemption on exports if registered and approved by PSEB
โ€ข Must reinvest profits in the company and maintain proper records
โ€ข Government is encouraging more companies to go from freelance to formal business setup.

15 Sites that Pays in USD for Remote Jobs.1. Freelancer (freelancer.com)2. Jobspresso (jobspresso.co)3. Remote OK (remot...
06/01/2025

15 Sites that Pays in USD for Remote Jobs.

1. Freelancer (freelancer.com)
2. Jobspresso (jobspresso.co)
3. Remote OK (remoteok.com )
4. Remote4Me (remote4me.com)
5. SimplyHired (simplyhired.com )
6. Toptal (toptal.com)
7. AngelList (angel.co)
8. NoDesk (nodesk.co)
9. Upwork (upwork.com)
10. LinkedIn (linkedin.com)
11. Remote co (remote.co )
12. FlexJobs (flexjobs.com)
13. Pangian (pangian.com )
14. Remotive (remotive.com)
15. Remotees (remotees.com)

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Find & hire top freelancers, web developers & designers inexpensively. World's largest marketplace of 50m. Receive quotes in seconds. Post your job online now.

04/15/2025

$25,000 Penalty โ€ผ๏ธ

Tamam LLC owners, Hoshiyaar!!! $25000 ki penalty se bachen.

Aj Federal Tax Filing ki deadline hai.

Agar aap single member LLC own karte hain jo 2024 mein ya usse pehli bani ho to apni company ka tax return jama karalen.
2024 mein sales apne kari ho ya nahi kari hon, Tax return file karna phir bhi lazmi hai. Na karne ki soorat mein $25000 tak ki penalties lag sakti hain.

Ye soch kar Ignore mat kardiyega ke apne to koi sale hi nai kari 2024 mein to koi tax return file shayad na karna paray.

Filingfox bhi tax filing services deta hai, wo bhi intehai munasib qeemat mein. Agar apne abhi tak tax file nai karwaya to abhi humein contact karen aur apni filing karwalen.

WhatsApp +92 0300 3745884 to immediately reserve your spot!

08/19/2024

Income Tax forms in the USA for Federal Taxation.

1040 for individual US resident
1040NR for US non-resident

If individual is a business individual then Schedule C to be filed along with 1040.

Form 1120 for C corporation
Form 1120s for S corporation
Form 1065 for Partnership
Form 990 for Non profit organization
Form 1041 for Estate and trust.

Note: S Corp and Partnership doesn't pay tax, only return to be filed on corporate level . Taxes to be paid individually by issuing K-1 form.

Budgeting Drives
07/09/2024

Budgeting Drives

What is the working Capital?
07/09/2024

What is the working Capital?

3 Key Financial Statements
07/09/2024

3 Key Financial Statements

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USA, 274 Northbury Court Unit B1, Schauburg, IL 60193-1978
Schaumburg, IL
60193

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