WAQAR INAYAT
Agnitio Charterd Accountant and Tax Advisor
Islamabad
4
Languages
4
years of professional experience
Tax and accounting professional managing VAT returns, statutory accounts, and digital tax reporting across a varied client portfolio. Delivers practical support on tax and VAT matters, reviews expenses for correct treatment, and uses Xero and QuickBooks to produce reliable financial records and compliance submissions.
Work History
Tax Accountant
1 Year 5 Months- VAT Compliance & Return Submission: Preparation, review, and submission of VAT returns, ensuring accurate VAT treatment, compliance with applicable regulations, and adherence to statutory deadlines.
- Making Tax Digital for Income Tax (MTD IT): Supporting MTD for Income Tax compliance for sole traders, including bookkeeping, maintaining digital accounting records, and preparing financial information for digital reporting.
- Advised clients on tax and VAT matters, clarified compliance requirements, explained accounting treatments, and identified potential tax implications to enhance understanding and compliance.
- Liaising directly with clients to obtain records, resolve queries, explain tax and VAT matters, and communicate financial information clearly and professionally.
- Applying relevant accounting principles and tax legislation when preparing accounts, reviewing transactions, and supporting compliance assignments.
- Statutory Accounts Preparation: Preparation of year-end financial statements and final accounts for sole traders and property-related businesses, ensuring accuracy and compliance with relevant accounting standards.
- Prepared final accounts, maintained ledgers, and produced financial reports using Xero and QuickBooks, supporting tax and accounts preparation through TaxCalc.
- Property Business Accounting: Managing bookkeeping for property-related businesses, recording rental income and allowable expenses, reconciling transactions, and preparing financial records for year-end accounts and tax reporting.
- Reviewing business expenses, assessing their appropriate accounting and tax treatment, and identifying items requiring further investigation or adjustment.
Junior Accountant
1 Year 5 Months- Practical experience using Xero, QuickBooks, and Microsoft Excel for bookkeeping, transaction processing, reconciliations, and financial reporting.
- Maintained accurate financial records and managed day-to-day bookkeeping for diverse clients, ensuring compliance and timely reporting.
- Processed purchase and sales invoices, recorded payments, monitored outstanding balances, and maintained supplier and customer accounts to support efficient cash flow management.
- Reconciling bank statements and ledger accounts, investigating discrepancies, and ensuring the accuracy of financial records.
- Maintaining nominal ledger accounts, posting journals, recording accruals and prepayments, and reviewing account balances.
- Preparing and reviewing trial balances, profit and loss accounts, balance sheets, and supporting financial schedules.
- Liaised with clients to clarify transactions, request supporting documents, confirm account balances, and resolve accounting queries, enhancing client relationships and service delivery.
Education
ACCA Affiliate - ACCA
- Advanced Taxation, Advanced Audit and Assurance, and Financial Accounting
- Achieved the highest mark in the ACCA Business and Technology Law (LW) examination in Pakistan, earning a country-level distinction
- ACCA affiliate
BACHELOR - COMMERCE
I.Com
Skills
Taxation & VAT Compliance
VAT return management
Tax compliance management
Digital tax compliance
Tax Research & Technical Analysis
Tax and VAT Advisory
Property tax accounting
Accounting & Financial Reporting
Year-end accounts preparation
Accounts Payable & Receivable
Bank & Balance Sheet Reconciliations
Trial balance oversight
Journal entries management
Fixed Assets & Depreciation
Financial Reporting Standards
Financial data analysis
Xero
QuickBooks
TaxCalc
Microsoft Excel
Accounting Software & IT
Multi-Client Bookkeeping
Ethics compliance
Client management
Tax query resolution
Analytical problem-solving
Time management
Communication skills
Professional & Interpersonal Skills
Client portfolio management
BrightManager
BrightHR
Languages
URDU
C2
Master or proficient
ENGLISH
C1
Advanced
Punjabi
C2
Proficient
Hindi
C1
Advanced
References
Will be furnished upon request
Courses
- Completed training in US and UK GAAP, developing knowledge of US & UK accounting standards, financial reporting requirements, and accounting principles.
- Advance Diploma in accountancy
- Development employability skills program (DEMPS)
Timeline
Tax Accountant
Agnitio Charterd Accountant and Tax Advisor
05.2025 - CurrentRead More
Junior Accountant
Silver Arc Limited
01.2023 - 06.2024Read More
Skans school of accountancy
ACCA Affiliate from ACCA
Read More
Punjab University
BACHELOR from COMMERCE
Read More
Punjab Group of Colleges
I.Com
Read More