UAE VAT refund scheme an opportunity for business to increase international travel spend

VAT Refund scheme for tourists in UAE

Vat refund UAE

The UAE Federal Tax Authority presented a VAT of 5% in January 2018, and will dispatch Tax Free Shopping in Q4 2018. Tax Exempt shopping is the acquiring of merchandise in the UAE which will be traded (subject to terms and conditions) whereby customers can acquire a discount on the VAT or tourist vat refund uae on these things, giving that they approve their buys as indicated by nearby principles. Dubai has for quite some time been a well-known shopping goal for universal voyagers. Between the twice-yearly shopping celebrations and the multiplication of universal brand name stores, there is no lack of approaches to burn through cash on glossy things.

The presentation of a VAT discount plan ought to go far to keeping the city at the highest point of many travelers’ shopping records. Same time business can take opportunity by registering themselves under VAT refund scheme to increase their international travel spend.

Who is eligible to get VAT refund UAE?

“Overseas Tourist” implies any natural Person who isn’t resident in any of the Implementing States or in other words all non-UAE residents above 18 years old and who isn’t a team part on a flight or on the other hand air ship leaving an Implementing State and the minimum purchase amount is 250 AED.
What are the conditions to get VAT refund?
• Products ought to be purchased by the tourist in the UAE.
• Visitor visiting the UAE must exit UAE inside 90 days from the date of shopping alongside the things purchased.
• With the end goal to get the VAT Refund, visitors ought to make sure only to purchase from enlisted organizations for tourist refund scheme conspire in the UAE.

What all should be done for vat refund for tourists in Dubai?

1. The visitor takes merchandise and labeled receipt from registered buisness under VAT refund scheme to the airplane terminal, seaport or outskirt crossing
2. The tourist goes to a Validation point: – For airplane terminals: Before checking in and going through security
3. When approved, the visitor picks a refund option (money or card discount)
4. VAT refund will be process by the authorized agency.

What amount does the traveler get back?

The tourist will get 85% of the aggregate VAT sum paid, short an administrator charge of 4.80 dirhams per Tax Free form.

What Businesses need to do?

Businesses must be enrolled for VAT with the FTA to give a Tax Registration Number (TRN), be fully informed regarding their VAT returns and settlement of payable expense, be a vender of products qualified to get charge discounts as controlled by the FTA, present their request to join the scheme to the authorized agency and be liable to a credit check. After successful registration business need to report amount paid to the tourists under the Tax Refunds Scheme for Tourists in their regular VAT returns.

What goods are eligible to receive tax refunds?

All taxable goods except for:
1. Services.
2. Goods that are not accompanied by the Overseas Tourist at the time of leaving UAE.
3. Food and drinks intended for immediate consumption.
4. Motor vehicles, boats and aircraft.

UAE VAT Law on Tourist Scheme. {Source ~ Federal Decree-Law No (8) of 2017 on Value Added Tax}
As per the Article 68 Clause 2 of Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax following conditions shall apply to the Tax Refunds Scheme for Tourists:
1. The Goods which are subject to the Tax Refunds for Tourists Scheme must be supplied to an overseas tourist who is in the State during the purchase of the Goods from the supplier.
2. At the Date of Supply, the overseas tourist intends to depart from the State within 90 days from that date, accompanied by the Goods.
3. The relevant Goods are exported by the overseas tourist to a place outside the Implementing States within 3 months from the Date of Supply, subject to such conditions and verifications as may be imposed by the Authority.
4. The phrase “overseas tourist” means any natural Person who is not resident in any of the Implementing States and who is not a crew member on a flight or aircraft leaving an Implementing State.
5. The Authority may publish a list of Goods that shall not be subject to Tax Refunds for Tourists Scheme.

Alya Al Marzooqi Auditing Chartered Accountants are the team of Certified Chartered Accountants offering reliable and cost effective accounting solutions to business all over the UAE including Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Um al Quwain and Fujairah. Our packages are affordable and suitable to all growing business, startups and stabled business.
We have quick solution for all your accounting, bookkeeping and taxation related needs, our expert consultants can help you to solve all your basic to extreme level concerns regarding VAT, accounting and bookkeeping.

Alya can help you solve all your VAT related queries.For more details please contact us on Tel: +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007, email us at : audit@alyaauditors.com

COVID-19 Pandemic Reinforces Benefits of Outsourced Accounting

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COVID-19 pandemic reinforces benefits of outsourced accounting

It’s no secret that the rapid outbreak of COVID-19 throughout the world has had a drastic impact on the economy and overall business environment within the U.S.

For many businesses, small and large, the measures taken to help stem the spread of the pandemic have led to shifting workplaces, declining revenues and, in some cases, workforce reductions, among other effects of varying scale. While some of these impacts are temporary, others will have long-term implications. Therefore, it’s critical that accountants advise their clients efficiently to help them understand and react accordingly to the current situation, putting their company in the best position to survive this and future disruptive events. Outsourced accounting is among the options business leaders should carefully consider in these unprecedented times.

Small and midsize businesses are working harder than ever to reduce their overhead expenses without negatively affecting overall efficiency. As the economic landscape continues to shift, an opportunity has arisen for many businesses who have previously been hesitant to consider outsourced accounting. The COVID-19 pandemic has brought to the forefront many of the immediate and long-term benefits of outsourcing businesses’ accounting functions, including:

Reduction of costs

The impact of COVID-19 has proven that many workers don’t physically need to be in the office to work effectively — the same goes for outsourced workers or entire departments. Outsourcing the accounting function reduces payroll costs while adding highly qualified experts with a deep pool of resources, especially in times of crisis and uncertainty. Outsourcing can also mean less stress for business leaders over employee turnover or potential layoffs.

Security and efficiency in a virtual workforce

With many employees working from home for the foreseeable future, businesses are forced to quickly implement technology and solutions that will help them best adapt to these new circumstances. In this virtual age, migrating an organization to cloud-based accounting software from desktop or server-based software allows business leaders and employees to have secure, remote access without any hassles.

Increased depth of knowledge and resources

Outsourced accounting experts have provided relevant financial and regulatory information to assist businesses in applying for Paycheck Protection Program loans under the CARES Act, and understanding the many updates and changes that followed. These designated accounting experts are up to date on all the latest regulatory requirements and are continuously monitoring relevant laws and regulations to stay current on processes necessary for their clients to remain compliant. Having a team of accountants on call to tackle regulatory issues ultimately allows company leadership time to focus on management and core operations essential to business success in the current environment.

Access to scalable technology

More than ever, the pressure is on for business leaders to produce fast insights and clear visibility to drive company performance higher. Outsourced accounting platforms can deliver real-time reporting with metrics that matter to a business’s key stakeholders while keeping its leaders in constant position to make the best financial decisions.

Businesses have several different options when it comes to cloud-based outsourced accounting — it’s not one size fits all. For example, one small step is implementing a cloud bookkeeping solution through which an outsourced accounting provider can easily maintain a business’s records remotely at a fraction of the cost of hiring someone onsite. Another more robust option is a full-cloud accounting solution, where clients not only have basic bookkeeping, but also a full-service team, including controllers and CFOs. Under these models, the processing of accounts payable is one of the first areas that can be streamlined. This is done through a cloud-based solution in four easy steps:

  • 1. Invoices are automatically entered for review.
  • 2. Automated routing simplifies approvals.
  • 3. Bills are paid with ACH or checks.
  • 4. Activity is synced with a cloud-based accounting solution for fast payment reconciliations.

Today’s business owners are facing greater expectations when it comes to financial transparency and government compliance requirements. For many, the decision to outsource accounting functions is the first step toward making life easier and processes safer with the added benefits of resource savings, which allow senior leadership extra time to focus on management and core operations to make sound, logical financial decisions.

Are You Looking to Outsource your Accounts and VAT in UAE?

Financial reporting may be a vital cog within the financial management of your business. Outsourcing your accounting services to accounting experts can help ensure accuracy and transparency together with your financial reporting. Alya’s Accounting Services that your VAT returns for compiled by an expert VAT consultant remove the burden off of your company, and with the virtual accounting services & advice of a CFO from Legends accounting, you recognize your financial strategy is taken care of.

Alya’s  Accounting Services can help with payment processing, financial reporting, virtual Chief Financial Offer services and advice, all while providing absolute clarity on the financial position of your business.

Outsourcing your business’ accounting and finance needs is one of the foremost powerful moves you’ll make to extend your business’ profits and accelerate its growth. Bookkeeping Services in Dubai With Alya Auditors as your partner, your finance department is often transformed from a price center into an engine for growth, empowering you to realize your goals, faster.

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How to de-register under VAT in the UAE

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How to de-register under VAT in UAE

Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is levied in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on behalf of the government. 

Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.

What is VAT De-registration?

Tax De-registration is the provision for a registered taxable person to cancel his/her VAT registration. It means de-activation of the registration and the VAT number of the taxable person. Tax de-registration can be applied for by a person registered under VAT or done by the FTA on finding that a person meets the conditions for de-registration.

When can a person apply for VAT De-registration in UAE?

A person registered under VAT can apply for Tax De-registration in the following 2 cases:

  • The person stops making taxable supplies and does not expect to make any taxable supplies over the next 12-month period OR
  • The person’s taxable supplies or taxable expenses incurred over a period of 12 consecutive months is less than the voluntary registration threshold (AED 187,500) and he/she does not anticipate to cross this threshold in the next 30 days

Note that a person who has voluntarily registered under VAT cannot apply for de-registration in the 12 months following the date of registration.

What is the process of de-registration under VAT in UAE?

The process for de-registering under VAT is shown below:

de-registration-under-vat

When can a registration be cancelled by the FTA in UAE?

The FTA can cancel a person’s registration if it is found that the registrant satisfies either of the 2 conditions listed above for de-registration. This is called mandatory tax de-registration.

Hence, VAT de-registration is a welcome option for persons who have registered under VAT but do not continue to make supplies requiring registration. Such persons do not need to continue being registrants and can apply for tax de-registration on satisfying the applicable conditions.

Are You Looking to De-register VAT in UAE?

The FTA can cancel a person’s registration if it is found that the registrant satisfies either of the 2 conditions listed above for de-registration. This is called mandatory tax de-registration.

Hence, VAT de-registration is a welcome option for persons who have registered under VAT but do not continue to make supplies requiring registration. Such persons do not need to continue being registrants and can apply for tax de-registration on satisfying the applicable conditions.

First step is to Login to your Federal Tax Authority (FTA) online portal. On the home page, there will be an option of ‘De-Registration’. There will be a VAT Deregistration form, fill the form with the correct information and send it to the authorities in order to review and approve the VAT Deregistration.

After applying for the VAT Deregistration, FTA will review the application and if they confirm the VAT De-registration the status of VAT De-Registration will be changed to ‘Pre-Approved’. After that the businesses have to submit final VAT Return Filing, after the last VAT Return filing the businesses must clear all the outstanding liabilities in order to complete the VAT Deregistration process.

Alya Auditors have registered Tax Agents by FTA and will assist you by providing VAT Deregistration services in UAE.  Alya will help your business to grow by avoiding any fines and penalties through providing the following services:

  1. VAT Accounting
  2. VAT Return Filing
  3. VAT Services
  4. VAT Consultancy
  5. VAT Training

Let Alya Auditors handle all the complex issues regarding VAT in UAE. For more information regarding VAT De-Registration in UAE, feel free to contact us.

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Insights About High Risk IP Business in ESR

ESR High Risk IP

Insights About High Risk IP Business in Economic Substance Regulation in the UAE

The UAE introduced Economic Substance Regulations to honour the UAE’s commitment as a member of the OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS), and in response to a review of the UAE tax framework by the EU which resulted in the UAE being included on the EU list of non-cooperative jurisdictions for tax purposes (EU Blacklist). The issuance of the Economic Substance Regulations on 30 April 2019, and the release of Guidance on the application of the Regulations on 11 September 2019, was a requirement for the removal of the UAE from the EU Blacklist on 10 October 2019. In consultation with the OECD and the EU, amendments to the Regulations were made by Cabinet of Ministers Resolution No. (57) of 2020 on 10 August 2020 (the Regulations), and updated Guidance was issued on10 August 2020 (Ministerial Decision No. (100) of 2020 The Regulations ensure that UAE entities that undertake certain activities are not used to artificially attract profits that are not commensurate with the economic activity undertaken in the UAE.

High Risk IP Licenses Definition

High Risk IP Licensee is a Licensee which carries on an Intellectual Property Business and in respect of which any of the following two conditions apply:

(a) the Licensee –

  1. did not create the intellectual property in an intellectual property asset which it holds for the purposes of its business.
  2. acquired the intellectual property asset either from-
    1.  a Connected Person.
    2. in consideration for funding research and development by another person situated in a country other than thin e State.
  3. licences the intellectual property asset to one or more Connected Persons or otherwise generates income from the asset in consequence of activities performed by Foreign Connected Persons.

(b) the Licensee does not carry out research and development, or branding, marketing and distribution as part of its State Core Income-Generating Activity.

What are the conditions for an IP Business to be considered as “High Risk”?

All of the following conditions must be met for an IP Business to be considered as “High Risk”:

1. The Licensee did not create the IP asset which it holds for the purposes of its business;

2. The Licensee acquired the IP asset either from:  a Connected Person, or  in consideration for funding research and development by another person situated in a country other than the UAE;

3. The Licensee: licences the IP asset to one or more Connected Persons, or otherwise generates income from the asset in consequence of activities performed by Foreign Connected Persons

What does it mean if a Licensee has a “High Risk” IP Business?

1. Information is automatically shared with the foreign competent authority of the parent company, ultimate company and ultimate beneficial owner; and 2. The Licensee is presumed to not have met the Economic Substance Test, unless the Licensee meets the increased substance requirements. The increased substance requirements (in addition to those set out under Question [5]) require a High Risk IP Licensee to demonstrate that it has (and historically had) a high degree of control over the development, exploitation, maintenance, protection, and enhancement of the IP Asset, and to submit proof that: ○ It has adequate full-time employees with the necessary qualifications that permanently reside and perform their activities in the UAE – relevant employee information (e.g. experience, contracts, qualifications etc.) would need to be provided; and ○ It has a business plan showing the reasons for holding the IP in the UAE; and ○ Relevant decision making has and continues to take place in the UAE

Select The Top Auditors & Accountants Who Can Help You in Preparing You For Your ESR Notification Filing & Return Filing in Dubai, UAE

Alya Al Marzooqi Auditing( www.alyaauditors.com) is one the Top Chartered Accounting firm in the UAE, with high efficiency in the services we provide. Our Accounting division has well experienced professional executives who are well versed with the rules and regulations and laws in the UAE. For companies, our accountants shall guide to clean your books up thus making your business smooth.

Our Accounting Services Includes :

Payroll Management, Accounts payable and receivable, Credit card Management and Financial Reporting.

Other business bookkeeping services that we provide include business bank and trial balance reconciliations, balance sheets, labor cost management, and debt planning and reduction, all kinds of auditing,VAT services and ESR Filing services.

Also interested in Reading: Accounting & Bookkeeping For Startups

When you analyse these ratios, you get an overall idea of a business. You can easily decide whether to invest in a company or not.

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DMCC extends huge support Programme

DMCC Approved Audit Firms 2020

DMCC Extends Huge Support Programme

The Dubai Multi Commodities Centre (DMCC) announced an extension to its Business Support Package until October 20.

The programme, aimed at helping DMCC-based companies to better navigate the turmoil unleashed by Covid-19 epidemic, comprises a wide range of discounts and waivers to support the DMCC’s registered companies, the commodities trading hub said in a statement. The package, which includes discounts on licence renewals and 100 per cent waiver of penalties, is being extended as the commodities hub drew 805 new companies to its business district in the first half of 2020 despite the gloom cast by the lockdown restrictions.

Ahmed bin Sulayem, executive chairman and CEO of the DMCC, said as the largest free zone in the UAE, the decision to extend the package is set to boost Dubai’s economic resilience at this critical time and ensure that the emirate remains the chosen place for doing business in the months and years to come.

“Dubai has been able to maintain its position as a global business hub and we have good cause to remain optimistic about the future. Our visionary leadership continues to take decisive action to safeguard public health and ensure the resilience of our national economy,” said Bin Sulayem.

The range of discounts applicable to various types of licences to the DMCC’s existing 17,500 member companies include 25 per cent discount on three-year renewal; 20 per cent discount on two-year renewal; 10 per cent discount on one-year renewal; 10 per cent discount on all expired in 2020 renewal; 100 per cent waiver of late renewal penalties; 100 per cent waiver of the office sharing permit fee; and 100 per cent waiver on change of address fee for relocating from a physical office to the DMCC Business Centre.

Other concessions include a 50 per cent waiver of the company reinstatement fee, applicable if the licence was terminated by the authority due to non-licence renewal; 50 per cent waiver of dormancy fees; 30 per cent discount on additional licence; and two-month suspension of rent for Flexi Desk and DMCC Business Centre tenants’ renewals or monthly/quarterly installment with no discount.

Ahmad Hamza, executive director for free zone at the DMCC, said the entire business community has been the entity’s top priority, and will remain so as businesses enter this new phase of recovery.

“By extending our Business Support Package, we enhance the ease of doing business, which in turn ensures that Dubai and DMCC continue to be the destination of choice for businesses, entrepreneurs and people alike.”

In addition, the DMCC has partnered with Emirates NBD to offer new and existing member companies the opportunity to convert payments into flexible and interest-free installments. The commodities free zone also introduced a 50 per cent reduction in business setup fees for all diamond-related companies alongside a free 12-month membership of the Dubai Diamond Exchange valid until September 30.

The discounts for diamond-related firms comes in the wake of two major tie-ups the DMCC has announced. These include a collaboration agreement with China’s Guangzhou Diamond Exchange to establish a strategic partnership and with the Israel Diamond Exchange (IDE) based in Tel Aviv.

Select The Top Auditors & Accountants in Dubai

Alya Al Marzooqi Auditing( www.alyaauditors.com) is one the Top Chartered Accounting firm in the UAE, with high efficiency in the services we provide. Our Accounting division has well experienced professional executives who are well versed with the rules and regulations and laws in the UAE. For companies, our accountants shall guide to clean your books up thus making your business smooth.

Our Accounting Services Includes :

Payroll Management, Accounts payable and receivable, Credit card Management and Financial Reporting.

Other business bookkeeping services that we provide include business bank and trial balance reconciliations, balance sheets, labor cost management, and debt planning and reduction.

Also interested in Reading: Accounting & Bookkeeping For Startups

When you analyse these ratios, you get an overall idea of a business. You can easily decide whether to invest in a company or not.

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Source : Khaleej Times

Rethinking your business post lockdown and covid-19 in the UAE

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Rethinking your business post lockdown and covid-19 in the UAE

Rethinking your business post lockdown and covid-19 – There are many things that businesses owners will need to be prepared for after this covid-19 lockdown that has been going on around the world. Businesses around the world especially small businesses are suffering tough periods of no sales to very minimal sales figures, especially those that are in the frontline. Retail businesses, Tourism and also Events are burning up as we speak and we will not see the same again after this whole lockdown is done.

Many businesses that are already suffering will fall off the cliff and for those that are barely holding on might still have some lifeline but might end up the same way as the rest. Most businesses that had preparation to go online will still see their businesses slightly hit. Not as much but it is a definitely that they will also be suffering as the economy starts to reboot.

Some of the few things that most businesses should rethink about is their post pandemic response. Will they be able to move certain parts of their businesses to the cloud?

Either to save cost, or to be prepared for another pandemic.

One business should also wonder if they should fully deploy all their cash into investments or to have reserves for situations like right now, where businesses are going under because they do not have enough reserves in place for closing of public places due to this pandemic.

Some businesses did not prepare for online access for businesses and end up having to scrambling for it.

Some businesses that relied heavily on retail had no means of even surviving a little without E-Commerce. If they had E-Commerce, they could have went through the online route to keep businesses going and to make income even though lesser but not completely hit.

Businesses that have never taken a bank loan, could also consider having some on standby when such things hit, when such businesses suffer a sudden cut in revenue and need some cash flow to pull through, they will expect to take up a small SME Loan to cover for the rental and also salary, allowing time for the business to get back online.

If your business has been highly reliant on a single location for employment, maybe you can consider working to split part of your business overseas. Outsource the parts where you know you  to cover, for example a production line that can be shifted to a neighbouring country that cost lesser to operate from.

Accounting Services need not be done at your exact location too, you could outsource it to cloud based bookkeeping services like us.

Change is the only constant. Those who do not change will suffer long term consequences.

Select The Top Auditors & Accountants in Dubai

Alya Al Marzooqi Auditing( www.alyaauditors.com) is one the Top Chartered Accounting firm in the UAE, with high efficiency in the services we provide. Our Accounting division has well experienced professional executives who are well versed with the rules and regulations and laws in the UAE. For companies, our accountants shall guide to clean your books up thus making your business smooth.

Our Accounting Services Includes :

Payroll Management, Accounts payable and receivable, Credit card Management and Financial Reporting.

Other business bookkeeping services that we provide include business bank and trial balance reconciliations, balance sheets, labor cost management, and debt planning and reduction.

Also interested in Reading: Accounting & Bookkeeping For Startups

When you analyse these ratios, you get an overall idea of a business. You can easily decide whether to invest in a company or not.

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CEOs Guide to Choosing Accounting Services in UAE

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CEOs Guide to Choosing Accounting Services in UAE

When making the decision for what type of team or service provider should handle the company accounting services, the CEO or owner needs to keep an eye on many factors—some of which may not always be in agreement. To ensure an efficient, effective and profitable future, everything from service quality and experience to cost and scalability need to be considered. Assessing and choosing the right option requires checking a lot of boxes—but this guide should help keep you track to a successful decision.

Appoint An Internal Review Team

The people within the company need to be brought on board. Start by opening a discussion on how your company is currently handling the accounting and where improvements are necessary. Try to keep personal opinions, finger pointing and accusations out of it to ensure that everyone is given a fair chance to contribute positive support. You may have a weak link or two in your current system that won’t make it to the final stage but this is not the place to addressing those changes. Instead focus on highlighting the “wish list” for the new system and services. You may find that many things cannot be handled by an internal team thus helping narrow your selections to external or outsourced accounting services.

Research Different Accounting Services Options

Now that you have a team in place, create a short list of the “types” of services that will serve your needs. For some, this may be bringing in an outside consultant or CFO. For others, it may mean outsourcing the entire accounting department. Your team should have a good idea of its gaps and requirements.

Define Expectations and Deliverables

You’ll want to define a vision of your future through questions, such as what does your business need to complete their accounting tasks effectively, and how will an accounting services provider help you? Set a time frame for launching and managing a new accounting system. If new software needs to be purchased, set an implementation time frame. Professional accounting services should be able to help you envision your future even before you select one. The best will be able to help steward your vision for the future because they know better than anyone what is an ideal setup and what is a realistic corresponding timeframe.

Put It In The Budget

The cost of a new accounting service provider will need to be fit into your company’s budget. Be sure to obtain detailed quotes from service providers, so you understand the variety of different services they offer. Remember that there is more to a given fee than just the amount. What you receive in exchange for a monthly fee, the caliber of the professionals performing the work, and the reliability and continuity of the team should all factor in to gauging pricing and affordability. If you need to purchase new software or accounting integrations, be sure you can justify the higher costs. If the investment is reasonable and in line with your budget, then the team can move forward in evaluating potential accounting service providers.

Gather Accounting Services Options

Here you’ll start to evaluate options for new accounting services and begin the next steps in creating a list of potential providers. Ask for referrals from companies and peers in your industry. Vendors and resellers can also provide advice on how to narrow down the selection process to find the best provider for your company’s needs.

Reviewing Accounting Services

Prospective service providers should be able to provide you with a clear picture of expectations and deliverables. Ask for demos so you can see how they work, sample financial reports and examples of current or previous client case studies. They should also be able to provide you with testimonials and references from current clients. If you have very specific needs due to a niche industry or regulatory requirements, ask for specific references from clients in those industries to ensure they know how to manage your unique needs.

Finally, make sure to introduce the members of your team that will be guiding, interacting with and managing your new accounting services provider. You want to make sure that everyone can play well together—with open lines of communication, ease of access and no egos or attitudes to hamper productivity.

Select The Top Auditors & Accountants in Dubai

Alya Al Marzooqi Auditing( www.alyaauditors.com) is one the Top Chartered Accounting firm in the UAE, with high efficiency in the services we provide. Our Accounting division has well experienced professional executives who are well versed with the rules and regulations and laws in the UAE. For companies, our accountants shall guide to clean your books up thus making your business smooth.

Our Accounting Services Includes :

Payroll Management, Accounts payable and receivable, Credit card Management and Financial Reporting.

Other business bookkeeping services that we provide include business bank and trial balance reconciliations, balance sheets, labor cost management, and debt planning and reduction.

Also interested in Reading: Accounting & Bookkeeping For Startups

When you analyse these ratios, you get an overall idea of a business. You can easily decide whether to invest in a company or not.

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