TAX, ACCOUNTING & ADVISORY
FBR filing, handled properly.
Advice you can act on.
True Balance Associates keeps businesses compliant, filed on time and on the Active Taxpayer List — then uses those numbers to help you make better decisions. We work with companies across Pakistan and with cross-border operations in the UK, US and Gulf.
Based in Pakistan · Serving businesses nationwide and internationally
WHAT WE DO
Seven practices, one team
Accounting, tax, systems and advisory under one roof — so the people who keep your records accurate are the same people advising on what to do with them.
Tax Advisory & Compliance
Returns filed correctly and on time with FBR, plus planning that legitimately reduces what you owe rather than deferring the problem.
Financial Management & Advisory
Reporting, forecasting and senior financial input — turning clean books into pricing, cash flow and growth decisions grounded in your actual numbers.
IT Consulting & Software Implementation
The right systems, properly implemented. We select, configure and integrate the software your finance and operations actually run on.
Payroll Management
Salaries, deductions and statutory filings processed reliably each month, keeping your people paid correctly and your obligations met.
Bookkeeping
Day-to-day records kept accurate and current — transactions recorded and categorised, invoices and expenses processed, and every account reconciled month to month.
Business Registration & Compliance
Companies, firms, AOPs and partnerships registered end to end — NTN, sales tax and SECP filings handled so a new business starts compliant instead of fixing structural problems later.
PLATFORMS WE WORK IN
Your books, in the software you already use
We work directly in the major cloud and ERP platforms, including systems built for specific industries — so there is no migration to unfamiliar software, and you keep full access to your own data.
Odoo
Full ERP for manufacturing — production costing, inventory and work in progress tied straight into the ledger.
Xero
Cloud ledger, bank feeds and reconciliation for businesses working across currencies.
QuickBooks
The most widely used platform among our clients, for everyday bookkeeping and reporting.
Zoho Books
Well suited to growing teams already running other Zoho tools across the business.
Munshi 10
Built for hotels and hospitality — room and F&B revenue, daily cash handling and staff costs posted into your accounts.
CLOSING A COMPANY
Winding up, done the right way
Closing a company badly leaves directors exposed long after the business has stopped trading. There is more than one route under the Companies Act 2017, and the right one depends on your assets, liabilities and how the company has been filing. We advise on which applies and handle the process end to end.
SECTION 426
Easy Exit / striking off
The simplest route. A private or unlisted public company that has stopped operating and has no known assets or liabilities can apply directly to the registrar to have its name struck off, rather than petitioning the court. SECP now processes this through an online portal.
MEMBERS’ VOLUNTARY
Solvent voluntary winding up
For a company that can pay its debts in full. The members pass a resolution, a declaration of solvency is filed and a liquidator realises the assets and distributes to shareholders before dissolution.
CREDITORS’ VOLUNTARY
Insolvent voluntary winding up
Where the company cannot pay its debts in full. Creditors take a decisive role in appointing the liquidator, and the order in which claims are settled is fixed by statute rather than by the directors.
BY THE COURT
Compulsory winding up
Ordered by the court, typically on a creditor petition or where the company is unable to pay its debts. The court appoints an official liquidator and the process runs under its supervision.
WHAT WE DO
Choosing the right route
We assess whether Easy Exit is available, bring outstanding returns and filings up to date first, prepare the resolutions, declarations and auditor certification required, and deal with SECP and FBR through to dissolution.
WHY TRUE BALANCE
The difference is in how we work
01
One team, start to finish
You are not passed between departments. The person who understands your books is the person advising on your decisions.
02
Built for cross-border businesses
Multi-jurisdiction filings, multi-currency reporting and time zones that actually overlap with yours.
03
Reporting you will actually read
Management accounts written in plain language, focused on the handful of figures that change what you do next.
04
Fixed or hourly, agreed upfront
A fixed monthly fee for ongoing work, or an hourly rate for one-off and project tasks. Whichever suits the job, you know the figure before the work starts — and there are no surprise invoices at year end.
HOW WE WORK
A clear path from first call to ongoing partnership
Discovery
A short call to understand the business, the current setup and what is not working. No cost, no obligation.
Assessment
We review your records, filings and reporting to establish exactly where things stand and what needs attention first.
Onboarding
We take over the day-to-day, migrate your data cleanly and agree the fee — fixed monthly or hourly — before any work begins.
Ongoing Advisory
Advisory on the cycle that suits you — monthly, quarterly, half-yearly or annual reporting and reviews, plus a direct line whenever a decision needs a second opinion.
ALREADY HAVE AN ACCOUNTANT?
Moving to us is simpler than staying put
Most businesses stay with the wrong firm because changing feels risky. It is four steps, and the first two cost you nothing.
1. A free first call
A short conversation about the business, the current setup and what is not working. No cost and no obligation to continue.
2. We find out where you stand
We review your records, filings and reporting so the position is established in fact before anything is changed.
3. Your records move cleanly
We take over the day-to-day and migrate your data properly, so nothing is lost or duplicated in the handover.
4. The fee is agreed before we start
A fixed monthly fee for ongoing work, or an hourly rate for one-off tasks — agreed upfront either way. No surprise invoice at year end.
INDUSTRIES
Sectors we know from the inside
Every sector has its own margins, cycles and compliance traps. We work across these industries closely enough to recognise the patterns before they become problems.
E-commerce & Retail
Stock valuation, marketplace fees and sales tax on every channel — margins get lost fast without clean records.
Technology & SaaS
Recurring revenue, deferred income and foreign remittances make revenue recognition genuinely tricky.
Logistics & Distribution
Thin margins on high volume, where fuel, fleet and withholding deductions decide whether a route is profitable.
Healthcare & Clinics
Mixed cash and card income, practitioner payouts and equipment depreciation that rarely gets tracked properly.
Property & Construction
Long project cycles, advances against milestones and heavy withholding at every stage of a contract.
Professional Services
Billable time, retainers and unbilled work in progress that never quite matches what has actually been invoiced.
Hospitality & Food
Daily cash handling, wastage and staff turnover, with sales tax due whether or not the month was a good one.
Manufacturing
Raw material costing, work in progress and input tax adjustments that decide your real cost per unit.
THE TEAM
The people who will handle your account
A small senior team, which is why the person who understands your books is the person you speak to.
Muhammad Muneeb Sulehri
CA Finalist · Senior Tax & Financial Associate
Leads the taxation and financial handling practice, covering tax planning and compliance, financial reporting and regulatory advisory.
Qura Tul Ain
Senior IT Consultant
Heads IT consulting and software implementation — system selection through to integration and the operational efficiency that follows.
Zainab Arooj
BBA · Payroll, HR & Business Support
Manages payroll processing and business support, keeping payroll administration accurate, timely and compliant.
COMMON QUESTIONS
Questions worth asking before you choose a firm
For individuals the filing deadline is 30 September for the tax year ending 30 June. FBR has extended this date in several recent years, so we confirm the current deadline for your category before we start. Company deadlines differ and depend on year end.
You fall off the Active Taxpayer List, which means higher withholding tax on banking transactions, property, vehicle registration and more. There are also late filing penalties. For most businesses the extra withholding alone costs far more over a year than filing does.
Ongoing work is charged as a fixed monthly fee, agreed before anything begins. One-off, ad hoc and project work can be billed hourly at a rate confirmed upfront. Either way you see the figure in writing before we start, based on your transaction volume, number of entities and the level of advisory support you want.
Not usually. We request your prior filings and records, review what has been submitted, and take over from the next cycle. If there are issues in earlier returns we will tell you honestly rather than quietly inherit them.
Yes. Alongside our Pakistani practice we support clients with cross-border operations in the UK, US and Gulf, including multi-currency bookkeeping and coordination with accountants in those jurisdictions.
QuickBooks, Xero, Zoho Books, Odoo, Munshi, Sage and simple spreadsheets. We also work with custom and in-house accounting systems, and can build reporting around software that was written for your business specifically. We work with what you already use, and will only suggest changing if the current setup is genuinely costing you time or accuracy.
GET STARTED
Let us take a look at your numbers
A free consultation, no obligation. You will leave it knowing exactly where you stand with FBR and what we would do differently — whether or not you work with us.