3rd Floor, Gallerria Shopping Complex, Zindabazar, Sylhet
Our expertise covers all financial matters from accounting and taxation services to business planning and development. No matter what your accountancy requirements... WE ARE HERE TO HELP.
A statutory audit is a legally required review of the accuracy of a company's financial statements and records. Our experienced professionals conduct statutory audit to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial transactions. Being subject to a statutory audit is not an inherent sign of wrongdoing. Get in touch for further details.
Internal audits are a key management control activity that ensures the internal business processes are consistent. We, Acumen Accountants perform internal audit as a crucial form of audit process that occurs within the organisations to assess the conformity of internal processes and systems. This function helps reduce the risk of loss and reputational damage to the business.
During Performance audit, we emphasys to perform an independent examination of a program, function, operation or the management systems and procedures of a business or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources and report back to the board of Directors or relevant authorities.
The objective of risk management is to help identify and document the organization's risks in critical business processes and the internal controls within each process to mitigate those risks. We acknowledge that, for all businesses there are risks that exist and need to be identified and addressed in order to prevent or minimize losses. Our experienced team are determined to help businesses in every possible ways.
A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines. Our Auditors evaluate the strength and thoroughness of compliance preparations, security policies, user access controls and risk management procedures over the course of a compliance audit. Our audit reports guides the evaluation process by checking the company's performance against legal standards and identifying areas where adherence needs to be stricter.
With us you get professional bookkeepers to maintain your books for you and to review your finances. You don’t have to worry about reconciling your accounts, categorizing your day-to-day expenses, or matching your receipts. Bookkeeping services in Sylhet has never been easier before.
We will tailor made an accounting manual for your business which will be an internally-developed handbook that contains the policies and procedures to be followed by an accounting/ Office staffs. In addition. The manual will contain sample forms, a chart of accounts, and job descriptions etc. if requested.
Now a days everything comes with a instruction manual and we believe your business should have one too. We will custom made operations manual for your business, which will provide guidance for members and employees to perform their functions correctly and reasonably efficiently. It documents the approved standard procedures for performing operations safely to produce goods and provide services.
Acumen Accountants can give you the scope of spending time on things that matter and waste less time on expenses, receipts, invoices and bank. With our small business accounting service, we can make almost all of your everyday paperwork disappear. And it’s all included in your fixed-price package.
We understand the trouble you could have seeking for a premium Accounting Service in Sylhet. Like most small business owners, you struggle continuously with the urge to improve this business profitability and simultaneously stress yourselves by sorting out the means of reducing taxes, manage overhead costs and also scrape some personal time for yourself and family.
As per section 2 (q) of Companies Act 1994, A Private Company is a Company which by its Articles of Association restricts the right of transfer of the share, limits the number of members to fifty and prohibits invitation to the public to subscribe to the shares or debentures of the Company. Incorporating a company is complex process due to statutory requirements and The Companies Act 1994 does not provide any step by step procedure on how to set up a Company but BE ASSURED, our professional team will handle this swiftly and smoothly
As per companies act 1994, A Public Company, is a Company which can be formed by at least seven persons as members and the membership is open to the public. Incorporating a public company is complex process due to statutory requirements and The Companies Act 1994 does not provide any step by step procedure on how to set up a Company but BE ASSURED, our professional team will handle this swiftly and smoothly.
Joint Venture partners (Local and Foreign Investors) open up a Joint Venture Company and run the business as per the object clauses of Memorandum of Association maintaining the ratio fixed by the government in equity participation in a particular sector. Foreign shareholders cannot hold more than 40% shares if the company intends to provide freight forwarding services. Freight forwarding license can be obtained by incorporating a JV Logistics Company only if the Company has a highest 40% foreign shareholding and 60% local shareholding. Incorporating a Joint Venture company is complex process due to statutory requirements and The Companies Act 1994 does not provide any step by step procedure on how to set up a Company but BE ASSURED, our professional team will handle this swiftly and smoothly.
To obtain a Tax Identification number (TIN) number, the following documents need to submit with the application:
• Photocopy of Trade License
• Personal Details (If Person)
• Three copy of photograph of Managing Director (If Company)
• Three copy of photograph of Owner (If Proprietorship)
• Copy of Memorandum and Articles of Association (If Company)
• Bank Solvency Certificate (If listed / registered company or proprietorship)
• Three copy of photograph (If Person)National ID/ Passport copy of Entrepreneur
• Mobile phone number
• Incorporation number of the company
• Date of incorporation of the company
• Name of authorized person
Every Business in Bangladesh is required to have a unique Business Identification Number (BIN). To get that, every business must have a VAT registration certificate. Required documents :
• Trade license
• TIN Certificate
• Import Registration certificates or export registration Certificates ( If Applicable)
• List of all sales outlets; Sales centers, full address, equipment, machinery, fittings, product features and amendment of the products manufactured.
• List of invoice and stored product
• Passport sized photos
• Deed of Agreement
• Bank solvency certificate
• BOI registration (If Applicable)
• Memorandum of Association (MOA) and Articles of Association (If Applicable)
Import Registration Certificate (IRC) is a mandatory document for business entities who are desirous of importing material or products to Bangladesh. In order to obtain Import Registration Certificate it is expedient to know that The Office of the Chief Controller of Imports & Exports (CCI&E) issues this certificate and the legal basis for this permission is found in Import Policy Order 2015-2018. The documents required for issuance of IRC
• Passport size photograph of the applicant
• Valid Trade License.
• Valid Membership Certificate form a regional Chamber of Commerce and Industry or from relevant Trade Associations.
• Financial solvency certificate from a bank
• Citizenship Certificate
• Treasury Challan
• TIN Certificate
• Partnership Deed
• Certificate of Incorporation, Memorandum and Articles of Association
Export Registration Certificate is mandatory for any business entity which is desirous of exporting any permissible domestic goods from Bangladesh without restriction on value and quantity. The legal basis of this Certificate is found in The Export Policy Order 2015-18.
The documents required for issuance of ERC:
• Passport size photograph of the applicant
• Valid Trade License
• Valid Membership Certificate form a regional Chamber of Commerce and Industry or from relevant Trade Associations.
• Citizenship Certificate of the applicant
• Treasury Challan
• TIN Certificate
• Partnership Deed
• Certificate of Incorporation, Memorandum and Articles of Association
• Financial Solvency Certificate
Fire License is an obligatory permit which is required by all businesses in Bangladesh as set out by the Fire Prevention and Fire Fighting Act, 2003. The following documents are required for obtaining Fire License:
• Duly filled-in prescribed application form
• Trade license
• Yearly Valuation Certificate from the relevant City Corporation
• Deed of Agreement and receipt of rent
• Layout of the establishments authorised by Sylhet City Corporation
• The Certificate of Incorporation and the Memorandum of Association
• No-Objection-Certificate from local representative
• Clearance certificate from the FSCD office.
• Treasury Challan or Demand note
Businesses are required a permit from the authority to own or use something or carry on a trade. To run any business in Bangladesh, license is mandatory for every form of entity. License provides the legal authority to do business in Bangladesh.
Obtaining the Payroll Management services with Acumen Accountancy will automate the entire payroll system/processing of your organisation and provide relief to your HR department from this tedious task. This often includes the followings:
• Monthly reporting.
• Cheque
• distribution among employees.
• Bank advising etc.
• Time & attendance tracking.
• Benefits and pension administration
• Regulatory filing & Reporting
Acumen Accountancy acknowledges that, Payroll Tax Consultancy plays a very important role in the modern day Business. With our experienced accountants you are guaranteed to get best consultation in town. With our Tax Consultants, you will be benefited with:
• Best tax beneficial salary structuring.
• Deducting withholding taxes.
• Timely deposition of withholding tax.
• Adding and deducting all kinds of reimbursement expenses and other benefits.
• Preparing and submitting withholding tax.
• Monitoring and ensuring employees’ annual tax return submission.
• Preparing and submitting employee’s annual tax return other related return and documents.
• Preparing and distributing tax deduction certificate as well as recording and distribution of salary and other allowances.
• Preparing and maintaining provident fund as per taxation policy in Bangladesh.
Outsource the Payroll management system to Acumen Accountancy and let your employees do the more innovative work as an added advantage. Utilise the full time available resource from into productive parts of your organisation, leaving the headache over to Acumen Accountancy. payroll outsourcing enables you to get rid of the followings and should help you concentrate in your business:
Acumen Accountancy will provide under its payroll outsourcing services program includes amongst others:
Work in Progress. Very soon, we will be able to provide you a bespoke payroll management software if you required.
Secretarial Service: Our secretarial service performs the role of an advisor who helps the company to breeze through the legal and compliance requirements. Our company secretarial support service is designed to help private companies meet their standard statutory compliance needs, support maintaining the company's registers and assistance with its annual filings.
Bespoke company secretarial support – we assist companies and their company secretaries with specific events or packages of work which require our expertise, i.e. Board Meetings etc. or additional support to meet deadlines.
Individual tax return filing in Bangladesh can be such a complex area, it is important to find a qualified and experienced professional that understands the complexities of taxation. Acumen Accountancy can assist you with the followings:
Business income tax is payable on the business income. Business income is defined as the profit that has accrued from the conducting of any business or trade in Bangladesh. Under the purview of the company tax it is also the value of any benefit or perquisites that the business has come across within the relevant tax year. Some of our Business Taxation Service among others:
Acumen Accountancy has vast experience in the field of taxation, and has been providing quality service with an accurate timely fashion to its clients. Some of our taxation services amongst other involves:
Work in Progress. Very soon, we will be able to provide you a bespoke payroll management software if you required.
A non-resident entity, who carries out business in Bangladesh but does not have a fixed place of business shall have to appoint a VAT Agent in Bangladesh as per the Value Added Tax and Supplementary Duty Act, 2012 and The Value Added Tax and Supplementary Duty Rules, 2016 effective from 1st July 2017. The VAT Agent will be the person empowered to perform functions on behalf of the Business entity.
The VAT Agent has to obtain a VAT Agent certificate on behalf of the non-resident which is usually valid for 3 years. The certificate can be renewed through an application before the expiry of the said certificate. VAT Agent of a foreign entity shall bear all responsibilities and carry out all activities of the non-resident, and shall be jointly and severally liable for the payment of all dues including taxes, fines, penalties, and interests that may be imposed.
To obtain Business Identification Number (BIN), these following documents are required:
• Trade license
• TIN Certificate
• Import Registration certificate/export registration Certificate
• List of all sales outlets; Sales centers, full address, equipment, machinery, fittings, product features and amendment of the products manufactured.
• List of invoice and stored product
• Passport sized photos
• Deed of Agreement
• Bank solvancy certifcate
• BOI registration (If Applicable)
• Memorandum of Association (MOA) and Articles of Association (If Applicable)
