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Showing posts from August, 2021

Reasons for hiring a Vat Consultant

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  A certified expert who provides comprehensive Tax Services for VAT Registered Businesses in UAE is known as Value Added Tax (VAT) consultant. These consultants can educate businesses on the financial impact of the tax on goods and services, and also helps in taking the measures to mitigate the effects. Many   accounting firms in Dubai   provide the services like VAT Consultancy, reliable and quality audit, Bookkeeping, and company formation Services with a time-bound result. The best quality of the VAT consultant is to manage VAT transactions by complying with VAT law and they are also best in giving their valuable advice on related transactions. There are many rules and regulations of calculating VAT and the process of payment from which many companies are not familiar, so instead of struggling with the complicated formulas, complex numbers, and calculations they seek guidance from the best VAT consultants in UAE. Mentioning below the reasons for hiring a VAT Consultan...

Role of Chartered Accountant in small Business

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  Normally, small business owners, entrepreneurs, or self-employed freelancers, probably had worked with a financial expert to file their taxes. Financial experts mean certified public accountants who play a vital role in financial advising. Attention to the financial reports and asset valuation is equally important as the sustainable business model for a successful run of a business and to generate a sale. It is necessary to record every invoice for the company’s growth and make sure that the business is working legally. Many of the   accounting firms in Dubai   play a vital role and help small businesses to grow rapidly. Mentioning below few vital roles in which a CA can help a small business owner: Tax Advisory Service: Chartered Accountants can help small business owners by planning their tax assessment in advance while calibrating the company’s balance sheet as they are experts in the tax laws. They also suggest the best advice on value-added Vat and service taxes to...

Procedures Involved in Investigation Auditing

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  A detailed investigation of financial statements, accounts,  & business procedures is required when a company is skeptical of engaging in activities like financial crimes, money laundering, or fraud. The investigation process which occurs is given a specific name which is known as an Investigative Audit. These investigation audits utilize a range of procedures to test the presence of monetary inconsistencies, disparities in tasks, or unlawful employment of assets.   Best Audit firms in Dubai  consist of a range of skilled and highly qualified auditors and they are best in doing investigative auditing.  Mentioning below the procedures involved in investigation auditing : Nature & Scope Determination : The very first step towards investigation Auditing is to know the requirements of the client concerning nature, scope, & goals and should be obtained in clear & consistent words. It might lead to misunderstandings & complications if the directi...

Factors influencing the cost of Accounting services in Dubai

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  Hiring an accounting service provider in the UAE may cost some 60,000 AED per year. There are numerous factors to be considered before investing upon which the cost is dependent. The amount of choosing an  accounting firms in Dubai  may somewhat vary on the basis of these factors : Size of business entity: It is very important to understand the size of the business and the complexity of its operations. This affects the accounting rate of professional accounting services in Dubai. Several transactions depend upon the size and structure of an organization. This requires time and skill to analyze the record and summarize them. Companies that operate at a bigger scale need more reports and statistical data from the accounting company they hire. In such a case, the cost involved will be higher. Payable mostly depends upon selected accounting company in Dubai : The amount payable depends on the company hired by a business firm. The accounting companies will charge much higher...

Implementation of VAT on artists & influencers in Dubai

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  Artists are those people who utilize their personal capacities such as dancers, performers, singers, stage artists, DJs, poets, songwriters, or people who carry out any other activities. Social media influencers are the ones who provide their services using social media to promote the brand’s products and services. Those You tubers and bloggers are potential influencers who make taxable supplies and applicable to follow the VAT charge. The   Chartered accountant firms in Dubai  organize the income-making necessary solutions to handle artists and influencers’ taxable supplies as per the Dubai VAT laws. They get tremendous support from such  accounting firms in Dubai . Normal rules are applied to artists by FTA to determine the VAT obligations. VAT rates are applicable only if tax supplies are appropriate. In the case of influencers, Vat consultancy services in Dubai include: Online promotional activities performed in return for payment, featuring the product in the ...

Requirement for accounting services in UAE

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  In order to maintain a proper track record of transactions, and to avoid confusion accounting services are considered as one of the important assets of the business firm. Entrepreneurs should consider the   best-chartered accounting firms in Dubai   to avoid any kind of confusion in their business., Mentioning below the following reasons for the requirement of accounting services UAE: Easy to Track expenses. Helps in Completing the financial analysis. Accounting services help in deciding on the accounting software. Provides Tax services. Help to keep up the business structure. For any Small business accounting services include,  Helps in Improving the cash. Helps in Reducing the workload. Accounting services help in managing business growth sustainability. Provides valuable business advice. Try to stay ahead of trends. Helps in Improving the cost-efficiency of the business. Accounting services Process the payroll. It also helps in Measuring the business performance...

How do accounting services help to cope up with the current pandemic?

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  As We all are aware the Current Pandemic Covid 19 has drastically affected all the businesses and as the overall results the business turned out to be dull. Every organization is focusing on reducing costs and maintaining adequate cash flow in order to face this challenge. Mainly these accounting services allow different industries to identify the costs and eliminate their unnecessary expenses. There are many countries in the world that are following social distancing and other protocols by appointing less staff and a reduced payment. Different companies around the world are adopting different ways of doing business as this coronavirus pandemic is prompting this widely For example, the widespread use of Zoom meetings and work from home has become far more common during the pandemic. Many companies have learned to operate differently, but they are still struggling to sell their product differently in this market, and in this situation, management accounting needs to be more closel...

Auding Firms In Dubai | Accounting Firms In Dubai

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  Auditing is a very important part of any company which is based in Dubai and other parts of the emirates. It helps in improving the overall financial operations of the company. Auditing firms In Dubai can help any organization in providing an accurate report on financial flow which helps in enhancing the overall financial growth and performance of the company. The correct path of auditing helps to increase the confidence of the management and helps in identifying the current and past positions of the business in terms of financial growth.   Auditing firms in Dubai   also play an important part in helping the management to take necessary actions on the weaker financial sides and ensures errorless working. The auditing and accounting process varies from country to country. Based on the rules, regulations, and accounting laws of Dubai and UAE, not all companies are required to get their accounts audited. All the companies which have their business set up in Dubai must foll...

Part of Chartered Accountant as Management Consultant

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  A lot of consulting services are performed by CA as a management Consultant. One such established   Charted accounting firm in Dubai   “ tgs KOYA” plays an important role in the different established firms of Dubai. Mentioning below a lot of consulting services which are performed by CA as a management consultant: They Prepare a management information system for a firm. They design budgetary and controls systems. They also determine & measures the effective utilization of capital. They Install the cost accounting system. They also offer assistance to the management for the efficient use of working capital as an aid for productivity improvement. Performs the role of advisor for management on principles of organization and methods for effective delegation and planning of work. They Render advice on foreign collaborations, international taxation matters, joint ventures, double taxation agreements, etc. Reviews procedures and types of equipment for operational control. ...