OUR SERVICES
● Advisory Services:
-> Processing of Bank Loan

-> Project Feasibility Study
-> Annual Business Plan development
-> HR Recruitment and Training
-> HR Manual
-> Accounting Manual

● Corporate Affairs Services:
-> Formation of Company

-> RJSC Related Issues
-> BIDA Related Issues
-> Licensing

● VAT & Taxation:

-> Corporate & Individual Tax Planning
-> Tax Assessment
-> Filling Income Tax Return
-> VAT Consultancy           

 ● Other Services:

-> Audit & Assurance
-> Accounting Services
-> Company Secretarial Services
-> Payroll Services
-> Management Consultancy
-> Designing Internal Control System
-> Formation of PF & Gratuity Fund
-> Due Diligence
-> Business Process Re-engineering and SOP
-> Cost Audit, Managementg Audit, Internal Audit & Inventory Audit 

 

Advisory Services:

Processing of Bank Loan:

Just a couple of decades back, people of Bangladesh looked at obtaining bank loans as an extra headache, but as time went and people have become more aware of their abilities and capabilities people are willing to familiar themselves in regard to the procedure and requirements of obtaining bank loans in Bangladesh. Our finance specialists in Bangladesh are the perfect individuals who can assist you with the loan processes and show you the best answer as to how to obtain bank loans in Bangladesh including Green Financing.

Project Feasibility Study: 
 A feasibility study is an analysis that considers all of a project's relevant factors—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully.
Whether a project is feasible or not can depend on several factors, including the project's cost and return on investment, meaning whether the project generated enough revenue or sales from consumers.
However, a feasibility study isn't only used for projects looking to measure and forecast financial gains. In other words, feasible can mean something different, depending on the industry and the project's goal. For example, a feasibility study could help determine whether a hospital can generate enough donations and investment dollars to expand and build a new cancer center.
Although feasibility studies can help project managers determine the risk and return of pursuing a plan of action, several steps and best practices should be considered before moving forward.

Understanding a Feasibility Study:
A feasibility study is an assessment of the practicality of a proposed plan or project. A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed. The study is also designed to identify potential issues and problems that could arise from pursuing the project.

Benefits of a Feasibility Study:
Feasibility studies help companies with new business development, including determining how it will operate, potential obstacles, competition, market analysis, and the amount and source of financing needed to grow the business. Feasibility studies aim for marketing strategies that could help convince investors and banks that investing in a particular project or business is a wise choice.

Annual Business Plan Development: 
An annual business plan serves as a roadmap for a company, outlining key milestones and goals to guide its progress throughout the year. It breaks down larger objectives into smaller, actionable steps, helping the business move towards its broader vision by year’s end.
An annual business plan enables employees to set precise goals aligned with the company’s broader strategy, ensuring accountability and progress towards those goals.
By carefully crafting a detailed annual plan, businesses can ensure they are positioned to meet their goals and navigate the challenges of the year ahead.

HR Recruitment and Training:
A human resources (HR) recruiter is responsible for all aspects of recruiting for organization and plays a critical role in ensuring the best possible talent.
An HR recruiter's main goal is to fill open positions efficiently & effectively. They develop local and national recruiting plans using traditional sourcing strategies and new, creative recruiting ideas. They also may test applicants and extend job offers.

HR Manual:
An HR manual is a document that outlines an organization’s policies related to employee management and defines the relationship between managers and employees. Its primary purpose is to ensure that all employee-related practices are fair, consistent, and compliant with legal requirements across the organization. A well-structured HR manual provides managers with clear guidance on how to apply policies uniformly, such as those related to employee benefits and workplace regulations.
The manual serves as a communication tool between the organization and its employees, clarifying the terms of employment and establishing guidelines for treating all employees fairly and equally. It also serves as a reference for supervisors and managers, forming the foundation for creating an employee handbook.
HR policies and procedures manuals act as an organization’s guiding framework. They clearly define the benefits provided to employees, as well as the procedures employees are expected to follow. These manuals help employees understand the organizational culture, maintain workplace standards, and detail the rules and disciplinary measures that apply within the company.
 
Accounting Manual:
An accounting manual outlines a company’s accounting policies and procedures, tailored specifically to its internal operations. Created in-house, it provides detailed accounting guidelines for the organization to follow. This manual serves as both a reference tool for accounting staff and a training resource for new employees.
The accounting manual is a valuable guide for internal teams and leadership, reinforcing best practices and compliance requirements. It plays a critical role in reducing the risk of fraud by clearly defining procedures and responsibilities. Additionally, it helps streamline employee training and clarifies the various roles within the organization.
 
Corporate Affairs Services:
Formation of Company:
Our team assists clients in forming a Limited Company, handling everything from name clearance to opening a bank account under the company’s name. The process of company formation involves the following steps, all of which we manage seamlessly:
●          Name Clearance Application
●          Preparation of Memorandum of Association (MoA) and Articles of Association (AoA)
●          Filing Form XII and other required documents with the RJSC
●          Submission of Government Fees
●          Receiving the Incorporation Certificate
●          Applying for the Electronic Taxpayer Identification Number (ETIN)
●          Applying for the Trade License
●          Opening a Bank Account in the Company’s Name
We ensure all procedures are completed smoothly and efficiently.

RJSC Related Issues:
The Registrar of Joint Stock Companies (RJSC) is the primary authority responsible for facilitating the formation of companies and overseeing ownership-related matters as mandated by Bangladeshi law. It operates under the Office of the Registrar of Joint Stock Companies and Firms, Bangladesh.
Our expert team offers prompt and efficient support throughout the entire process, ensuring that all requirements are met in a timely manner.

BIDA Related Issues:
Our team assists in obtaining BIDA approval through the following steps:
●          Notify Bangladesh Bank after BIDA registration
●          Register with the National Board of Revenue (NBR) for tax purposes
●          Register with the Registrar of Joint Stock Companies and Firms (RJSC&F)
●          Apply for a trade license
We ensure each step is completed smoothly and efficiently.
 
Licensing:
Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions.
 
VAT and Taxation Services:
Corporate & Individual Tax Planning:
Tax planning is an integral activity conducted by every person earning through salary, professional or other activities and organizations in Bangladesh. Tax planning is crucial for budgetary efficiency. It acilitates the smooth functioning of the organization for corporates; a sound financial plan is necessary in order to deliver maximum tax efficiency. In addition, paying taxes is a method of contributing towards the country’s development.
During every financial year Income Tax Return for both individual and corporate has to be submitted to the Income Tax Department of Bangladesh i.e. NBR (National Board of Revenue) Our expert team ensure the Corporate and Individual Tax Planning sincerely & efficiently.

Tax Assessment:
The Income Tax Department analyses all the details that a taxpayer submits. This is Income Tax Assessment. In simpler words, the examination of the details submitted by a taxpayer (in their income tax return) is called Income Tax Assessment. Income Tax Assessment is a post filing procedure. Our expert team help to conclude the Tax Assessment smoothly.

Filling Income Tax Return:
Income tax return means the submission of a return of income through offline or online to the National Board of Revenue (NBR) by a person whose total income during the income year exceeds the maximum amount of non-chargeable income or the income of any other person in respect of which he is assessable to tax under the Income Tax Act 2023.
A company file income tax return annually (usually on 15th January of next year following financial closing, usually (July-June). 

VAT Consultancy:
A VAT consultant can provide precise information and advice regarding the procedure of registration, amount of VAT that needs to be paid and ensures all paper works relating to VAT and other taxes are up to date, thereby, minimizing chance of any error. Our expert team (VAT Consultant) ensure all sorts VAT related issues.

Other Services:
Accounting Services:
●Bookkeeping:
A bookkeeper is responsible for identifying the accounts in which transactions should be recorded. If anybody is hiring staff and anticipates a lot of growth, he/she may hire a controller to handle his/her financial management and accounting.

●Accounting Manual:
Accounting manuals are internally developed documents related to policies and procedures normally maintained within a company mainly used to educate new employees and keep the organization’s norms aligned with the current practices.

●Operation Manual:
An Operations Manual is what contains procedures, instructions and guidance for use by operational personnel in the execution of their duties. It usually documents how a business operates, from opening the door in the morning, to closing the door at night. In other words, documenting a turnkey operation. The company procedure manual is a valuable asset for a company seeking to grow without the headaches that usually come with business growth. An operations manual is much needed to relieve the top management with problems that usually come with business growth
 
●Financial Statements Preparation:           
Preparing financial statements is an indispensable and comprehensive task — one that you have to nail to keep your business up and running.
These statements are fundamental for assessing a company’s financial health, enabling informed decision-making, and identifying areas for growth and improvement. Financial statements also give companies of all sizes the information they need to manage expenses efficiently. We MAK is providing this support to our clients.
 
●Accounting Software:
Accounting software is an invaluable resource for modern businesses. The software allows detailed tracking of financial transactions and near-instantaneous reporting and analysis. Before accounting software, these tasks had to be performed by hand, using large transaction journals.
Ad hoc reporting was generally impractical due to the labor involved in consolidating the manual entries. Accounting software automates these tasks, reducing the costs of accounting and allowing better financial decision making through timely reporting. We MAK provide this support.

Company Secretarial Services:
            ●          Notarial Services.
            ●          Legalization of various documents.
            ●          Obtaining NOCs, Clearances, Licenses.
            ●          Consult Ministries and answer client's legal queries.
            ●          Update the clients with the changes in the Ministerial procedures.
 
Payroll Services:
Payroll outsourcing is a service that is supplied by a third-party company. It assists firms with legal, tax, and accounting services so that employees receive their paychecks on schedule. We are providing this service based on client’s need.

Audit & Assurance:
The audit is the process of evaluating the accounting entries present in the financial statement of the company. The audit checks the accuracy of the financial reports.
Assurance is the process of analyzing and used in the assessment of accounting entries and financial records. We have relationship with various reputed Chartered Accountancy Firms for financial Audit and for Cost audit M.A. Khan & Co. is entitle to do this.

Management Consultancy:
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Management consultants help organizations to solve issues, create value, maximize growth and improve business performance. They use their business skills to provide objective advice and expertise, and help an organization to develop any specialist skills that it may be lacking. We are providing this service based on client’s need.

Designing Internal Control:
Designing an effective internal control system involves:
● Policies and procedures, including organizational structure, job descriptions, and an  
    Authorization matrix.
● Segregation of duties and responsibilities.
● Authorization and approval processes.
● Performance monitoring and control procedures.
 
Our expert Team is capable in doing these efficiently and effectively.

Formation of PF & Gratuity Fund: 
We, M. A. Khan & Co., has a very well reputed team to form a Provident Fund & Gratuity Fund. MAK also committed to provide relevant documents, information and clarifications during external audit at the end of a financial year to ensure that such audit can be finalized within a reasonable time.

IPO Processing:
Utilizing our group of experienced experts, MAK provides the services of the whole IPO (initial public offering) process, starting with the appraisal and assessment of the benefits of an IPO and additionally investigating every single conceivable choice.  With an experienced and professional team, the management of the company can concentrate on the vital components of the IPO procedure where their information is basic. 

Transfer Pricing:
Transfer prices are the amounts charged during intercompany transactions between related companies. It is the price paid for goods or services that are transferred from one unit of an organization to its other units in different states or countries. Knowledge of transfer pricing and its various models can help you understand how companies use this technique to improve their accounting process and save taxes. We MAK are providing services pertaining to this issue to our valued clients.

Due Diligence:
Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party. We MAK are providing services pertaining to this issue to our valued clients.

Business Process Re-engineering and SOP:
Business process reengineering is redesigning a business process to enhance product output, improve product quality, enhance speed or reduce costs. Business process reengineering involves eliminating unnecessary and inefficient aspects of the workflow or aspects that add little value.
We can conclude that Business Process Reengineering (BPR) is a methodology that organizations can use to radically (or not so much) improve their business processes, reduce costs, and enhance customer satisfaction. BPR involves four main phases: Diagnosis, Analysis, Reengineering, and Evaluation. We MAK are providing consulting services of BPR.

Cost Audit, Management Audit, Internal Audit & Inventory Audit:
Cost Audit refers to the comprehensive checking and examination of the correctness of the cost statements, data, records and systems. Management Audit implies a complete examination of the company to appraise its policies, plans and structure of the management, to ascertain its effectiveness.
Internal audits evaluate a company's internal controls, including its corporate governance and accounting processes. These types of audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection.
An inventory audit cross-checks a company's financial records against its inventory records and ensures these records match its physical inventory count. It is a vital process to ensure inventory accuracy and identify any discrepancies in stock counting or financial records.
We MAK are utilizing our experienced experts in case of cost audit, management audit, internal audit & inventory audit.