Outsource your VAT Accounting to us!
The imminent implementation of VAT in UAE on 1 January 2018 is sending people into preparation for VAT registration and accounting. Welcome this tax in UAE regime with assurance having Farhat Office & Co. guiding you each step of the way.
VAT accounting requires meticulous documentation. Records are expected to be kept by organizations for checking by the government. Procedures and controls should be applied before even starting to face the VAT regime for your company’s own assurance that VAT will almost always be accounted for accurately.
Why Outsource Value Added Tax Accounting to VAT Consultants?
VAT accounting procedures should be in place when a business is required to be registered for VAT or already is. Since VAT is a transaction that needs to be accounted for, additional processes are needed to be done. These transactions are different from the ones that the accounting department in the UAE is used to. As mentioned above, aside from documentation of the records, there are steps that should be noted in accounting for VAT.
For the accounting departments in every organization in the UAE, it will take some time to get used to with what the VAT regime will bring with it. VAT accounting will surely push companies to be more aware of all the schemes that should be learned in order to properly account for VAT and take care of other VAT affairs, such as tax filing. It is not advisable for VAT to be taken lightly since penalties are heavy for entities that are not complying with the tax laws, which have been released by the government.
A help from a VAT consultant in Dubai comes into the picture in this scenario. Assistance will definitely give substantial aid to the businessmen who are not used to having to deal with VAT, especially in this country. There are a number of VAT affairs that need to be understood in order to be handled. A VAT consultant in Dubai from Farhat Office & Co. will advise you on what methods you should learn and which to apply for you to manage effectively. Letting you know of the required documents that you should submit and the things that you should be doing to comply with the new laws for tax in UAE, among many others, is also their job. Regardless if you are a small- or medium-sized company, it is essential that accounting and financial reporting are organized. This can’t be done overnight and needs time from your side to ensure accuracy for proper execution. With these things in mind and taking care of the rest of your company, it is not an easy task to manage.
VAT consultants in UAE aim to always check if the clients are in compliance with the tax laws. Their goal is to ensure that any question or concern with regard to VAT is answered and taken care of because VAT accounting is not an easy concept to absorb, and it is their job for you to comprehend it more.
VAT Consultancy Services in UAE
All that you need to be handled with regard to VAT accounting, such as necessary amendments of a company’s accounting system, reviewing of tax reports, technical support with accounting, tax filing, tax calculations, etc., can be handled by FAR – Farhat Office & Co. We are capable of assisting you in all of them or doing them on behalf of you. As mentioned above, there are a couple of accounting schemes that can make VAT accounting easier. Using those VAT accounting procedures can simplify VAT accounting. We can also help you in applying those or developing your own style of dealing with VAT to make it less complicated. We are intentionally achieving to satisfy your needs by giving you a quality service.
VAT consultancy services can be found everywhere, and Farahat & Co. is one of the best VAT consultants in UAE. With our experience that is more than 30 years of being in the business industry, we are completely knowledgeable about the processes needed and what our clients need. We can anticipate any problems that could arise in certain situations. With us, you can be sure that we know where you’re coming from with the dilemmas that you lay on the table for us to fix, and we can always find the answers to those. The exceptional accounting services and bookkeeping services that you are looking for are offered by us since we are also one of the best auditing firms in Dubai. Some of the top CPAs in Dubai handle our payroll and HR solutions service. Having various capabilities, we also take care of deregistration of company and conduct forensic accounting in Dubai. In times that a startup needs trademark registration in Dubai, we handle that as well.
Being one of the leading accounting firms in Dubai, we can manage the accounting and bookkeeping side of your organization. The same CPAs are also part of our project developers audit and work hand-in-hand with our auditors for Owners Association in Dubai.
To find out for yourself that we are indeed one of the best companies to offer VAT consultancy services in Dubai, you can book a free consultation with us anytime you’d like.