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VAT Consultancy - Vital for a Company’s Growth

Value Added Tax or VAT is a consumption tax paid by the users. It is levied on goods and services at each stage of the supply chain process where value is added, from initial production to the last point of sale. The amount of VAT paid by the user depends on the cost of the product minus any costs of materials used for producing the product. This minus amount is already taxed and paid at a previous stage in the process. VAT consultants in Dubai allow companies to carefully record their income costs and VAT expenses associated with it. It may become challenging for taxpayers to fulfil tax compliance. But with the help of professional  VAT consultancy services in Dubai  who provide continued support to taxpayers by embracing proper tax procedures and VAT compliance, it is easy to furnish and document Vat. VAT was introduced in UAE on 1st January 2018 with a standard rate of 5% to provide high-quality public services for the future. The UAE government provide its citizens and r...

Trusted Audit Firms always Value Add to a company’s Growth

TGS Koya one of the best audit firms in Dubai believe in the business's realistic ideals and strives to help the clients achieve ongoing and long-term growth. Every opportunity must be maximized while any risk must be minimized in every firm. To succeed in today's world, a company must have entire faith in the counsel it gets to act confidently. This type of information does not come in a box or on a shelf. It's always particular, laser-focused, and founded in your company's reality. They mix tried-and-true methods with innovative ideas and practical applications to help you achieve now, tomorrow, and every day by recognizing that in today's environment, opportunities must be produced via careful analysis. According to them, the value must be added to the company for it to grow and succeed. Among other service assurances, audit and chartered accountant firms in Dubai also help in the following o    BUSINESS FORMATION - After a business entity is formed, it ha...

An Internal Audit Firm in Dubai – How can you qualify?

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Internal auditing done by internal audit firms in Dubai is the in-house process of analysing the operation and administration of a business. The audits provide information to top-level management about the effectiveness of the internal working system. The auditing firms in Dubai thoroughly monitor the internal records of a company and improve the reliability of financial reporting. TGS Koya Chartered Accountants is one of the leading Accounting and Auditing Firms in Dubai that provides you with the best consultancy to shape the future of your company. A promising business in the UAE needs to follow the rules and regulations of the Emirates to grow in the long run. All enterprises have to follow several taxes, auditing, and compliance laws to avoid any penalties in the future. In order to follow the standardized internal auditing services in Dubai, you may hire expert auditors who can provide you with certified assistance and guide you in all your financial matters. Internal audit ...

Role of DMCC approved auditors

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  What is DMCC? DMCC is the Dubai Multi commodities centre authority was established in 2002 by the government of Dubai. It is the largest and most recognised free zones of the UAE. To conduct any business activity by  the best auditors in Dubai  or on the territory of the free zone, one must obtain a DMCC licence. The types of DMCC licences include. Trading license General Trading license Service license Industrial license Is audit necessary for every company? A statutory Audit is a compulsory audit for all companies, registered under the Companies Act, as a Private Limited or a Public Limited company. These companies have to get their books of accounts audited every year. A licensed auditor registered under the ministry of economy is only allowed to audit the company books as per the Federal Law of the UAE. The DMCC assurance about audit firms and auditors: The  DMCC approved auditors in Dubai  will ensure the best quality audit services are offered to the com...

Roles and Responsibilities of Internal Audit Firms

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  An Audit firm is responsible for evaluating operational procedures, risk management, control functions, and governance processes for a company or organization.   Best auditors in Dubai   present reports to the audit committee of the Board of Directors and senior management objectively without any internal or external influence or interference. The chief functions of  auditing firms in Dubai  are to: Express compliance with policies and procedures established by regulatory agencies and accounting standards, whether administered by the Financial Accounting Standards Board or Government Accounting Standards Board or any other specified board. Evaluate the quality of internal audits. Consider the quality of risk management Evaluate compliance with rules and guidelines (e.g., Securities and Exchange Commission) Assess the effectiveness and security of information technology systems Review the ethics followed under the code of cond...

Accounting & Auditing – Importance

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  Accounting -An accountant predominantly furnishes in-depth analysis and accurate reporting on financial records. They are versed to describe the reality of the finances of a company. Accountants also work directly with people to inspect financial records for tax filing for individuals or businesses. The scope of work for the   accounting firms in Dubai  includes specific and exacting details, day-to-day operations, financial accuracy, and taxes. Auditing – Auditors usually verify the work done by accountants by examining the financial statements prepared by accountants to ensure they depict the company’s financial situation accurately. An auditor in the  auditing firms in Dubai  can work internally for a specific company, auditing firms, government, and regulatory bodies like  JAFZA auditors in Dubai  or for a third party, to audit various businesses. The skills of Accountants and auditors lie in numbers. They must be good with numbers. They often wo...

Audit Firms – Services

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  An audit firm is for the following – progressive accounts, audits, tax, bookkeeping outsourcing agency assisting customers to fulfill their business and financial goals towards development, efficiency, and profitability. They have a major network of auditors, accountants, and trademark businesses. TGS KOYA started by providing services and assistance in the areas of auditing, assurance, and accounting, but as the market changed, they adapted, led business processes via innovation, and consistently exceeded their customers’ expectations. They are one of the leading   accounting and auditing firms in Dubai  with a team of experienced chartered accountants. Year after year, the auditing firms have added value to their clients’ businesses via improved financial acumen, technology advancements, increasing knowledge, and unwavering dedication. The main objective of an audit firm always is to deliver tailored solutions to each of their client’s individual needs. They recognize...