Maintaining proper books of account for at least five years is now a legal requirement in UAE. As VAT is already implemented now its time of tax returns filling, books of account should be maintained for five years as well. There are a lot of things to be done in an organization, and it is always not easy to comply with the legal requirements and keeping track of business strategies to be consistently in the race with businesses. With this, the accounting side of a firm is quite difficult to manage that’s why accounting services in Dubai are being offered by various firms as outsourcing is a major option for companies. Outsourcing accounting services in Dubai is an advisable move since it can help organizations greatly especially when you are outsourcing from a accounting services company that uses the most up-to-date accounting software in Dubai . It may gives the advantages like
Financial reporting is becoming increasingly difficult as the complexity of Business activities increases. Small Scale Businesses struggles in managing the business and maintaining proper financial records same time . We Provide simple solution to this with a feasible charge , our dedicated parttime accountants take care of your financial accounting and bookkeeping activities .
Maintaining proper books of account for at least five years is now a legal requirement in UAE . In UAE , VAT is already implemented, now its time of tax returns filling, books of account should be maintained for five years as well. In an Organization lot of things to be monitored and Performed as part of Business, and it is always not easy to comply with the legal requirements and keeping track of business strategies to be consistently in the race with your businesses.
Most of the Companies in Dubai outsource their accounting services to Companies Like RVG to avoid the Complexity in maintain and managing accounting and bookkeeping services Properly. Cloud accounting will be a solution for this.
Outsourcing the Company’s accounting services is an advisable move since it can help organizations greatly especially when you outsource to a company that uses the most up-to-date accounting software’s and having a great team of expert chartered accountants.
In RVG we have a team of Professional and dedicated Chartered Accountants who may be working exclusively on one project at a time. Comparing the budget for your accounting services in Dubai , you cannot see another Competitions for RVG . We Provide Complete On Site Accounting and also Part Time Accounting Services in Dubai with the help of Cloud Based Accounting Softwares
Accounting in Dubai follows the same principles as accounting in other countries, but it is governed by the laws and regulations of the United Arab Emirates. The Ministry of Economy is responsible for issuing accounting and auditing standards, which are based on the International Financial Reporting Standards (IFRS). Companies in Dubai are required to maintain accurate financial records and submit financial statements to the government on a regular basis. Auditing firms in Dubai must be registered with the Dubai Financial Services Authority (DFSA) and comply with international auditing standards.
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