The UAE Government has introduced ‘Value Added Tax’ (VAT) with effect from January 1, 2018. As this is a major reform, Businesses need to be well acquainted with its impact on their transactions because this is not merely an introduction of a new tax regime but business systemization. The introduction of VAT will impact all business functions inter alia including Supply Chain, Systems and Procedures, Financial Planning & Pricing, Information Technology & ERP Updating, Realignment of Contracts etc. Therefore, it is imperative that the businesses gear up for the challenge and take crucial steps for effective implementation of VAT and consequent VAT compliances so that there is no disruption in the business. Our tax specialists will help you to fulfil compliances through the following solutions:
A.1. VAT Advisory
A.2. VAT Compliance
ACCOUNTING AND BOOK KEEPING SERVICES
B: Smart accounting and bookkeeping enable you to look back at your historical records and analyze the progress and expansion of your business, thus facilitating proactive strategies for future growth. We provide part time and periodic accounting and accounting supervision services by qualified and professional accountants. We also offer a full range of accounting services to support your own in-house accountant, bookkeeper or computer accounting system. If you do not have these resources, we can outsource accounting professionals. This helps you avoid adding to your permanent payroll. We can tailor our accounting and book-keeping services to your individual requirements, but in essence they typically include following solutions:
Above services can be offered in below modes:
B.1. Inhouse Accounting: Inhouse accounting is maintained at client office. Professionals visit client office and cater to all there accounting needs in the accounting software maintained by the client.
B.2. Remote Accounting: Remote Accounting is maintained in our office. Professional record all the date received from the client and send the details to client on monthly frequency.
“We are extremely pleased with the consultancy services provided by MI CAPITAL”