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Services 2019-01-18T13:59:41+00:00

Audit & Assurance

An audit is more than an obligation—it’s a powerful lens for illuminating the current state of an enterprise, providing insight that can inform future aspirations.
We approach the audit as a service for the benefit of all the organization’s stakeholders – the board, shareholders, customers and bankers – all who need to trust the quality of your financial statements. The financial report also serves as intelligence to help the business operate better, now and in the future. While many of the rules of business have changed, the fundamentals haven’t. Meeting investor expectations begins with the completeness, accuracy and fair presentation of information in your financial statements and disclosures.
The audit is key to sustaining confidence in both your company and the financial system at large. It must keep pace with a fast-evolving corporate reporting environment. Not only does your audit help assure compliance with applicable reporting standards, there are important by-products of the audit process such as the identification of internal management issues and important insights that can help you address both present and future challenges.

That’s because we approach your audit with a deep and broad understanding of your business, the industry in which you operate, and the latest regulatory standards. We consider the risks your company faces, the way management controls these risks and the transparency of your company’s reporting to stakeholders.

Accounting and financial reporting

We offer a wide range of accounting services that answers to the financial needs of any business with an aim to provide insightful information to the managers to help them improving decision making process. At the same time our services ensures compliance with reporting and regulatory requirements. We ensure that the financial statements are complying with International Financial Reporting Standards (IFRSs) and are committed to keep the highest level of professional standards and quality.

Our financial reporting services include:

  • Financial accounting system design & implementation
  • Setting up of accounting procedures
  • Accounts updation on periodical basis
  • Supervision and review of financial accounting records
  • Financial reporting
  • Specialized management reporting
  • Outsourced finance officer services
  • Accounting software solutions
  • Updating of backlog

VAT & Excise

The UAE along with the rest of the GCC countries are ready to introduce VAT (Value-Added-Tax) charge on the supply of goods and services. According to the head of the UAE Federal Tax Authority, the UAE will open online registration for tax purposes for businesses in mid-September 2017.

Excise
Excise tax at a rate of 50% to 100% is going to be imposed from October 01, 2017. The importers, manufacturers, and stockpiles of carbonated drinks, energy drinks and tobacco products are required to get registered for Excise and file monthly declarations of import and production.
We have expert Excise advisors that can completely take care of your excise requirements including preparation, impact assessment, registration, filing of returns and record keeping.

VAT
VAT is an indirect tax that is collected for the government by an intermediary (e.g. the Companies) from the physical persons or other companies that ultimately pay the tax. VAT is imposed on both goods and services (as opposed to sales tax which is imposed on transactions involving goods only) and is charged throughout the supply chain, including on the final sale.

How VAT works
The proposed implementation across in UAE and other GCC Countries is expected from 1st January 2018 at a likely rate of 5%.
Business are obliged to register for VAT purposes provided that they supply goods and services that fall within the vat able categories and also their annual taxable supplies will exceed the registration threshold (375,000). Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold (187,500).
VAT of 5% will be applied on the majority of transactions in goods and services. However, there are certain supplies that will be zero rated (0%) supplies such as export of goods and services outside GCC, educational services and healthcare services and also other supplies that will be exempt of VAT charge such as supply of financial services, residential properties, bare land and local transportation.
In general, VAT registered businesses must charge VAT on the supply of goods and services and can reclaim any VAT on the goods and services they have incurred. If they have charge more VAT they will have to pay the difference to the government whereas if they have incurred more VAT than charged, they can claim the difference.
All business will be obliged to keep proper records of their financial transactions and ensure that their financial records are accurate and up to date. VAT return form submission will be done every 3 months.
For GCC countries introducing VAT on 1st January 2018, the official registration is expected to commence in mid-September 2017.

Importance for Companies
VAT rules can sometimes be complex without considering and all the implication involved. The implementation in the business needs proper planning and will need to make some significant changes in their core operations, financial management and bookkeeping and possibly their technology used (i.e. accounting software).
The governments urge that everyone will fully comply with their VAT responsibilities and there are defined fees and penalties for non-compliance.
Tax experts have warned that VAT comes at a cost and exposure to penalties if not administered correctly. Companies and traders who are consistently in a position of recovering VAT from the government will need to factor in the potential negative cash flow impacts that their business will be exposed to as well as the likely additional scrutiny their books and records will be subject to by the tax authorities.

How can we help?
With the imminent introduction of VAT in the UAE and the GCC in general, we can provide innovative tax solutions and services, tailored made, to each client’s needs.
We can share with your Company information, implement our knowledge and experience into your business needs and provide to your business in-house solutions, so that your transition into the VAT new era will be as smooth as possible.
Should you be interested in our VAT services including but not limited to the following:
– VAT impact assessment & preparedness
– VAT procedure manual
– VAT awareness sessions
– Timely Registration & filing of VAT returns as governed by Laws.
– Maintenance of proper records of books as prescribed by laws.

Risk advisory and consulting

Organizations come to a reputed advisory and consulting services provider for many important reasons.
For advice and counsel on improving operations and becoming more profitable. For practical suggestions regarding growing their businesses and getting to the next level. And for help with difficult issues surrounding technology strategy, security and privacy, mergers and acquisitions or upcoming litigation support, to name just a few more.
With assistance from our expert team, we’re also perfectly positioned to help you to grow your business by adding value to your operations.
Whatever your needs, our professionals have the experience, judgement, relevant skills and approaches to help you successfully solve your most complex business challenges.
Our consulting and risk advisory services include:

• ERM – Enterprise Risk Management
• Internal audit
• Due diligence and fraud investigation
• Control diagnostic review
• Compliance

Financial Advisory Services

Helping you chart the right course.
Organizations often face demanding financial decisions and situations requiring expertise that’s outside the realm of their internal resources – resources that may already be stretched thin.
Maybe you’re acquiring a target or integrating an acquisition, thinking of going public, facing a lawsuit, or restructuring to better position your organization for changing market conditions. Perhaps you need financial reporting or process improvement help or access to more of your cash to help grow the business.
Our Financial Advisory Services professionals deliver the specialized, objective financial advice you need to clearly understand your options, opportunities and exposures.

Business Valuation

Business valuations based on practical insights
To paint an accurate picture, the valuation of a business or its underlying assets calls for a combination of science and experience. The business valuation consultants offer practical insight into the strategic, operational and financial affairs of the business–so you can understand the real value–regardless of industry.
Based on relevant market data and the latest valuation techniques, our business valuation consultants perform an in-depth analysis to provide you with an accurate and defensible business valuation report.

Outsourcing & Co - sourcing

Outsourcing and co-sourcing resources you can count on.
Hiring and retaining skilled talent has become an increasing challenge with a shrinking labor market. If you’re struggling to get by with a staff of generalists or find it difficult to keep pace with technology advances, outsourcing can be a cost-effective solution.
Whether you need resources with experience in complex financial, accounting or technology compliance and regulations, our business process outsourcing professionals can help. You’ll gain efficiency, flexibility, and the capacity to become more strategic and grow the business.
We can help address all areas of your business:
• Finance and Accounting Outsourcing
• Internal Audit Outsourcing and Co-sourcing
• Compliance Outsourcing, Co-sourcing and Loaned Staff
• Tax Function Outsourcing and Co-sourcing

Helping families business

As a family-owned business, you face unique challenges. You also have unique strengths.
Where other companies might measure success in quarters, you measure them in generations. Where others might focus uniquely on value, you also focus on values—including preserving the company for the next generation, and perhaps making your mark on the world.
On the other hand, family dynamics and non-business considerations can derail even the most profitable enterprise—particularly when catalyzed by events such as a generational transition, or an external economic crisis.
We know that the most successful family firms are those in which there is a good balance between professional management, responsible business ownership and a healthy family dynamic. We have a keen understanding of the unique dynamics of family business, and we have the tools, experience and focus to help you optimize the positive forces in your family enterprise, while anticipating and minimizing any conflicts or perturbations.
No matter what your size, industry or market, our advisors are there to assist you. From strategy and governance, to business transition and private wealth, to putting your values in action, we have the tools, people and presence to help you manage your family enterprise and build lasting value.