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Dubai – UAE

Is it Beneficial to Take the Help of Professional Accountants?

Sep
12

If you want to protect your earnings, if then it is highly advisable to take the services of professional accountants. Mostly people don’t take the services of professionals and end up losing a lot. They don’t consider hiring professionals because when you take some service, you have to pay for it. They just want to treasure those bucks but in actual they end up sacrificing more.

VAT consultants in Dubai are ready for your assistance, 24×7, if you want to save your earnings. You can get better results if you hire the services of professionals. Professionals know how to complete the given task in the appropriate way.  You will get massive benefits of hiring a professional. Though they charge you a fee for it but their fee is less than the loss you bear when you don’t hire them.

Schedule your meeting with the professional accountant

If you are willing to hire a professional accountant it is best that you wait no further and plan a detailed meeting with the accountant. Ask him about the services he offer, inquire about what you will get from the services. Do check if the Accountant is pro at his work or not because surely you don’t want to end up hiring a bad accountant.

Issues

Business owners do face different issues with the payment of VAT, registration of VAT tax consultation etc.… So, they need professional help for all these issues. Moreover, the list of issues doesn’t end here, there are so many other issues which a business owner faces and only a professional accountant can help a business man.

How to search for a good company?

Now, it is easy to find a good tax consulting company in UAE. You have the internet; you can take full advantage of it. When you search for the tax consultation companies, you come across many reputable consultation firms. But, yes do not get hitched by any scam, choose a legit company. There are many companies who have ditched their clients in the past. Choose a company that has a registered office and do visit their office before providing them the task. Once you meet them, you will get to know more about the company that is providing you the service. When you meet the consultancy services, make sure that you ask all the questions which you have in your mind.

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Things To Know About Company Formation

Sep
12

Are you willing to form a company? If so, it would be appropriate to consider all your options before forming one. There is no doubt in the fact that forming a company is far from easy, but once you have done so, it gives you a certain degree of satisfaction. Being a company owner can be a very encouraging feeling no matter how you look at it. However, the legal aspects of forming your own company can be at times to difficult to handle for a novice. This is where you need to hire a professional auditing firm. You may be wondering as to why you would want to hire an auditing firm instead or a legal firm. The answer is simple; you will need the auditing firm, or qualified auditors to handle the accounts and financial aspects of your company while the legal firm will handle matters related to company law and other legal aspects. As such, you will require both professionals if you are to form a company on solid footings. However, since we are discussing auditors in Abu Dhabi and other states in the UAE, this article will stick to auditors only. Here is more that you might need to know about the subject:

Why Hire Auditors

As with most things, doing business is quite a revealing thing. There are certain things that you will only learn with time. However, when it comes to hiring auditors, it makes sense to search a reputable firm beforehand and keep in touch so that you do not have to linger around when you need them. This is not to say that you should wait for them in the cue, rather you should just keep in touch and let them know about your financial requirements. This will let them stay in touch with you stay aware with your requirements. Auditors or an auditing firm can also be quite handy for other accounts and finance related tasks. For instance, in case you want to file a corporate banking application for your business, the auditing firm can help. Similarly, the auditors will also let you handle licensing, visa cancellation, and company incorporation among other services.

So, whenever you are ready for undertaking your own company formation in UAE, always hire auditors or an audit firm beforehand to keep things clear and simple.

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Why Seek Office Space in Dubai?

Sep
11

Dubai has been the most sought-after place to do business for a number of reasons. For starters, the city is an international free port and by far the largest business hub in the region. If that’s not all, the government of Dubai has paved the way to facilitate investors from all corners of the world. These include zero tax fees on certain types of businesses as well as several other investor friendly incentives. As such, investors and entrepreneurs from every country love to flock in to invest in Dubai. In other words, it would be a great idea to kickstart your business from Dubai and gradually expand it if required. Off course, you will need to secure an office space to initiate things. Naturally, you will require a reasonable space in an ideal locality of the city. Here is more on why you should look to hire office space in Business Bay Dubai:

Lucrative Business Opportunities

You might not find a lot of cities in the region with as many opportunities as in Dubai. There can be several reasons for this but the fact is that Dubai has every aspect of your business covered. For instance, every entrepreneur looks to have their office at an ideal location. Naturally, you as a businessman would love to have your office seen by people coming from any direction. This means that your employees will reach the office no matter which area they may be coming from. However, acquiring an office space in a lucrative area can be a little expensive.

You might end up paying more rent compared to office in other less lucrative areas. Fortunately, renting or buying an office in Dubai doesn’t let you face this problem. You might be wondering why, the answer is simple – tourists love to visit almost every part of the city, your even if your office or retail store is at a less populated place, you will still end up getting exposure. However, there are some regions that enjoy better exposure compared to some less known areas in the city. Business bay is one such region. The area offers some of the most lucrative yet affordable offices and shared space for rental purpose.

Naturally, buying or renting space in Business Bay, such as serviced offices in Dubai, can be a great option for your business.

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How to Enforce Strict Access Control In Your Company

Sep
07

Access problems has been one of the main issues of big and small companies nowadays. Due to careless security lapses, people have been gaining access to places and things that are supposed to be private and confidential. In business, it could mean access to sensitive information or data or trespassing on places they are not allowed to be gain access.

If you are having issues with security breach in your company, you may want to follow these tips.

 

  • Beef up your security team

Your security team will be the security front liner so be sure to get a team that has experience on handling tight security and has the ability on enforcing them. On the physical ground, you need a team of guards that can man the vicinity and check the perimeter. These guys should have eagle eyes on identifying possible threats in and off the building. On the digital playground, you need an expert to man your data and ensure that security of your digital assets is up to par at all times.

 

  • Secure your connection

One of the entry points of hacker is the connection or office connectivity. They have a way to get through your system and if they are able to gain access, they will be able to steal files, compromise your operations and wreak havoc on your devices by putting viruses. Prevent this from happening by having a sturdy firewall that would block unauthorized access. It would also be best to manage the devices connected to your system and be strict on using office internet.

 

  • Provide customized access to employees

The problem with some companies today is that they give all employees similar access to all areas in the building. With this, every employee will be able to gain access to places they are not supposed to. This can be a big risk for a company as employees can have access to whatever is there on the restricted area. Prevent this from happening by fixing the access control system and have a customized access to each employee according to their rank and designation. Access control Dubai companies can provide a customized system that suits your company’s access needs.

 

  • Do check and balance in your system

Once in a while, you need to have a thorough check whether the security policies that you are implementing is efficient or not. For big companies, the ideal schedule would either be quarterly or semi-annual, depending on the size of the company. Aside from the security check, you need to ensure that security equipment are on tiptop condition. And if there is a need to repairs on your system like replacement or fixing the cabling, scout for structured cabling companies in Dubai that can help you deal with this problem.

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Advantages Of Hiring Dubai Auditors

Sep
04

For several decades, auditing has become an integral part of business all over the world. So much so that no company, be it small or large, overlooks the importance of auditors in the industry. Auditing is a highly specific job which requires extreme professionalism and dedication to the assigned work. Make no mistake about the complexity of auditing. Your average accountant simply doesn’t possess the knowledge and capability to audit your financial statements and balance sheets. it is for this reason that auditors are high in demand everywhere around the world. Also, since auditing is a highly specific job, only a qualified, certified professional can deliver the goods. Here are some advantages that you get when you hire quality auditors in Dubai:

Professionalism

Once you are done with research about what to look for in an auditor before hiring, it is time to initiate the hiring process. A quality auditing firm employs some highly professional, skillful and talented professionals. The firm has several types of professional auditors including certified public as well as chartered accountants. As such, your hired firm has the experts who can bring even the most complicated generals and trail balances in proper order.

Controlling Costs

In case you need to bring your accounts in proper order but are not looking to a longer contract, you can hire auditors on temporary basis. Doing so will help you save plenty of money and time. As such, the auditors will deliver you the desired results within the stipulated time without havng to pay extra for longer contracts and salaries.

Scalability

In case your business requires the services of an auditor on urgent basis, you can hire auditors without recruiting extra staff for the job. Again, this will help you save money that you would otherwise be paying to newly hired accountants.

Handling Auditors

Since auditors are excellent professionals, they will stay focused on the job in hand and will not indulge in unconcerned activities. As a result, you as an entrepreneur are not required to keep them under surveillance all the time. In other words, handling your auditors is much easier compared to handling your other employees. Also, since contract auditors have little time in hand and a lot of work, they stay focused on their job.

Lastly, hiring approved auditors in Dubai is the best way to get your auditing job done within time.

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Why Auditing Is Essential For Your Company

Aug
30

Auditing season is one of the dreaded time for business owners. For one, they would need to set aside time and manpower to get this done and some government agencies required businesses to undergo such process before they are allowed to operate again.

Despite the negative connotation brought by auditing, this can bring certain advantages to your company, and here are some of the benefits of hiring trusted audit firms in Abu Dhabi:

  • Bring light to the discrepancies

 

Discrepancies are something that is quite a pain to hear for business owners. But it is necessary to know these inconsistencies to know the root cause of the problem, especially if it concerns your companies’ financial standing. With proper auditing, you will be able to check the accounting books properly and thoroughly so you would know where the discrepancies are coming from and have those who are responsible for the inconsistencies answer for such incidents.

 

  • Strengthen system against fraud and illegal activities

 

Aside from uncovering inconsistencies, auditing can immensely help on preventing fraud and other illegal acts within the company through determining possible pain points and loopholes that might paved way for illicit acts.

 

  • Determine what works and what does not work

 

Aside from checking the financial standing of a company, auditing is also essential checking the systems and processes on a company – from the lower ranks to the upper management. This would help you update and improve your system that can enhance your company’s productivity and employee’s performance. Without proper auditing, you will be stuck with an old system that might not be able to meet the needs of the stakeholders.

 

  • Plan for risks and opportunities

 

Business is a risk, but it should be planned wisely. And that is what auditing can do. It can present opportunities for improvement to business owners and also determine risk factors included in any business ventures that the company is taking. By determining these factors, business owners can make sound decision on what opportunities to take and what ventures is quite risky for the company. This could save the company tons of money from investing on the wrong business ventures.

 

  • Introduce new ways of accounting

 

Auditing can greatly help improve your accounting system as they can suggest new ways to do accounting that is efficient but thorough. With these new accounting systems, the finance team can track the cash flow and other financial asset of the company in an effective way.

Visit www.quickquote.ae to know more about auditing.

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Hacks On Planning A Wedding On A Short Notice

Aug
29

Spontaneity is something that some couples possess, and when they decide to have their wedding in a month or less, expect some cramming while on the planning stage. But to lessen the stress of planning a wedding in haste, here are some things you need to do get everything started.

  1. Get a wedding planner

With just a limited time to plan, you need an expert to make it happen with less hassle. Get started by scouting for a wedding planner to help you sort out the details. Once you find one in your area, set an appointment and be direct and straightforward with what you want and as much as possible provide all the details so the wedding planner can get started right away. At the end of the meeting, be sure to finalize the theme, budget, and date.

 

  1. Create a checklist

Checklist is a must in wedding planning, whether it is on short notice or set in a year. The list will guide you on what are the things that you need to mind when planning for a wedding. You can ask your wedding planner to give you one and update it as you go along the planning stage. You can also create one or get a ready-made checklist on the Internet that can serve as your guide.  If you are creating your own list, have your wedding planner check this so you can be sure that you will not miss a thing.

 

  1. Book a location ASAP

The problem with weddings in short notice is the location-hunting. With limited time, you need to double-time the location hunting. If this is outdoors like a beach, consult with beach wedding Dubai planner to help you scout for a perfect location. Ask help from friend and relatives and get recommendations. If you find a viable location, book it right away.

 

  1. Have your wedding permits and license

Planning for a wedding can take up your time that you might forget to process the papers. Let your wedding planner do the dirty and glamorous work so you can process your papers. You might have the whole wedding set up but if your wedding papers is not processed, then all preparations would be futile. So be sure to put this on top of your list.

 

  1. Help with the small details

Once the wedding papers are processed, you can now go back to planning the wedding. Since your wedding planner is already doing the hard work, you can lessen the load by doing some of the small things on your checklist. Review your checklist and see what are the things you can do to cross out some of the items on the list.

 

Read more for more wedding planning tips.

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Why Dubai Is An Ideal Place To Form Your Business

Aug
23

Dubai offers numerous possibilities for individuals, including business owners. For years, a lot entrepreneurs flock the cities to either start their business or expand their trade and many more are still coming.

 

If you are thinking of a new location to build your craft or going for an offshore company registration in Dubai, this awesome city might be the place for you. Here’s why:

 

  • Tax leniency

One the main reasons why a lot of business owners are quite attracted to invest in Dubai is tax leniency. Dubai offers zero to low taxes on certain areas like the free zones. This kind of advantage can help business owners on growing their business without worrying about tax payments that might eat up portions of their income.

 

  • Easy processing of visa

One of the reasons why some people are dissuaded to relocate their business is the processing of visa. The arduous process of getting your residency approved, let alone approving your request to stay is challenging that you might opt just to leave the idea behind. But visa processing in Dubai is very easy, fast, and efficient. And there are some companies who can help you on this department.

 

  • Ease of company formation

Setting up your business in other locations is quite hard as well. Apart from process of the papers, you may need to solve some issues with the actual or physical formation of your office on the jurisdiction that you choose. In Dubai, there are company formations that allow easy way of building of your business. For instance, business owners opt to register offshore company in Dubai since the requirements are quite laid back and the laws are a bit relaxed, given that you fulfill all the terms and conditions.

 

  • Booming economy

Dubai is known for its thriving economy due to the outstanding business policies being implemented by governing agencies. A lot of business owners enjoy a number of incentives that would encourage them to invest more. Big brands have been setting up offices in Dubai as they can see that expanding to this jurisdiction would be worthwhile for their business.

 

  • Boost of business location

With the number of business owners relocating, a lot of business districts are being built and introduced to prospective market. Business owners can rent office spaces and commercial establishments to market their products and services.

 

  • Safety and security

Dubai is known as one of the safest cities in the world. The crime rate is pretty low as strict rules are being reinforced to local citizens and foreigners.

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