Uncovering the Secrets of Efficient Auditing with RBS Auditing

best auditing services in Dubai
RBS Auditing is a leading provider of auditing services for businesses operating within the Dubai Free Zone and DSO. With a team of experienced and professional auditors, RBS Auditing has become a trusted name in the industry.
In this blog, we will delve into the world of auditing and the benefits that come with working with RBS Auditing.
Auditing is a critical aspect of any business. It helps companies to identify areas of improvement and maintain transparency in their financial records. For businesses operating in Dubai Free Zone and DSO, it is mandatory to have their financial records audited by a Free Zone approved auditor. RBS Auditing provides a comprehensive range of auditing services that are tailored to meet the unique needs of businesses in these areas.
Benefits of RBS Auditing Services:
best auditing services in Dubai
best auditing services in Dubai
Free Zone Auditing:
As a Dmcc Free Zone Approved Auditor and Dso Free Zone Approved Auditor, RBS Auditing has the expertise and knowledge to carry out efficient and effective Free Zone auditing. Our team of auditors is well-versed in the regulations and laws that govern the Free Zone and DSO, ensuring that all audits are carried out in compliance with these regulations.
Experienced Auditors:
At RBS Auditing, we believe that our strength lies in the expertise of our auditors. Our team of auditors has a wealth of experience in carrying out audits across a range of industries. This experience allows them to identify areas of improvement and provide valuable insights that can help businesses to streamline their operations and improve their financial performance.
Comprehensive Auditing Services:
RBS Auditing provides a comprehensive range of auditing services that are tailored to meet the unique needs of businesses in the Free Zone and DSO. Our services include financial statement audits, operational audits, and compliance audits, among others. By working with RBS Auditing, businesses can be assured that their financial records are thoroughly examined, and all areas of improvement are identified.

 

Customer-Centric Approach:
At RBS Auditing, we are dedicated to providing our clients with the highest level of service. Our team of auditors takes a customer-centric approach to their work, ensuring that all clients receive personalized attention and support throughout the auditing process.

Cost-Effective:
RBS Auditing is committed to providing cost-effective auditing services that do not compromise on quality. We work closely with our clients to understand their unique needs and budget constraints, ensuring that our services are tailored to meet their specific requirements.

Conclusion :
RBS Auditing has a proven track record of delivering best auditing services in Dubai Free Zone and DSO for over 10 years. With a team of highly experienced auditors boasting a collective 50 years in the industry, RBS has successfully conducted over 500 audits in the last financial year. The results of our services are evident, as a staggering 96% of clients have reported improved financial performance. It is clear that RBS Auditing continues to be a leader in the auditing industry, providing valuable insights and solutions to its clients. So why wait? Contact us
today and take the first step towards maximizing your business potential

Maximizing Your Business Potential with RBS Auditing

Jafza Offshore Company Formation
Welcome to RBS Auditing, your one-stop-shop for all your business needs. We are aleading firm specializing in Jafza offshore company formation, offshore agent services in Jafza, and VAT registration in the UAE. Our aim is to provide our clients with unparalleled service and expert advice to help them achieve their business goals.

At RBS Auditing, we understand the importance of having a strong and efficient business infrastructure. That’s why we offer a wide range of products and services designed to support your business and help you stay ahead of the competition.

Products and Services :
1) Jafza Offshore Company Formation:
Are you looking to establish a business in the UAE? Look no further than RBS Auditing. Our experienced team will guide you through the process of Jafza Offshore Company Formation, one of the world’s leading free zones. With our assistance, you can take advantage of the many benefits that Jafza has to offer, such
as 100% foreign ownership, zero taxes, and easy access to markets in the Middle East, Asia, and Africa.
2) Offshore Agent Services in Jafza:
Need help managing your Jafza offshore company? RBS Auditing provides offshore agent in jafza to ensure that your business runs smoothly and efficiently. Our team of experts will handle all the administrative and regulatory requirements, freeing up your time to focus on growing your business.
3) VAT Registration in the UAE:
The introduction of VAT in the UAE has led to many businesses struggling to comply with the new regulations. At RBS Auditing, we have the expertise to help you navigate the complex VAT landscape. Our team will guide you through the VAT Registration in UAE process and ensure that you are in full compliance with the law.

Jafza Offshore Company Formation
Jafza Offshore Company Formation

Benefits of Our Products and Services :
1) Expert Advice and Support: At RBS Auditing, we believe in providing our clients with expert advice and support. Our team of experienced professionals has a deep understanding of the local business environment and will guide you every step of the way.
2) Efficient and Streamlined Processes: We understand that time is money, which is why we have streamlined our processes to ensure that your business gets up and running as quickly as possible. With RBS Auditing, you can be confident that your business is in good hands.
3) Cost-Effective Solutions: At RBS Auditing, we believe in providing our clients with cost-effective solutions that deliver real results. Our team will work with you to find the most cost-effective way to meet your business needs.

Conclusion :
At RBS Auditing, we are committed to helping our clients achieve their business goals. With our wide range of products and services, we are confident that we can provide the support and expertise you need to succeed. So why wait? Contact us today and take the first step towards maximizing your business potential.

Key points for Auditors in Dubai

Auditors in Dubai

Auditors in Dubai play a crucial role in maintaining the integrity of the financial sector and ensuring that businesses are operating in a transparent and accountable manner.

The following are some of the key subtopics related to auditors in Dubai:

Types of auditors

There are several types of auditors in Dubai, including internal auditors, external auditors, and government auditors. Internal auditors are employed by the company they are auditing and are responsible for evaluating the company’s internal controls and financial systems. External auditors, on the other hand, are independent of the company and are hired to provide an objective assessment of the company’s financial statements. Government auditors work for government agencies and are responsible for auditing government departments and agencies.

Responsibilities of auditors

The main responsibility of auditors in Dubai is to ensure that financial statements accurately reflect the financial position of a company. This includes reviewing the company’s accounting records and ensuring that they are in compliance with generally accepted accounting principles (GAAP). Auditors also assess the company’s internal controls to ensure that they are sufficient to prevent fraud and mismanagement. In addition to financial statement audits, auditors may also be responsible for conducting compliance audits to ensure that the company is following relevant laws and regulations.

Auditing Services in Dubai
Auditing Services in Dubai

Challenges facing auditors

One of the main challenges facing auditors in Dubai is the constantly evolving nature of the business environment. As the city continues to grow and attract more international companies, auditors must stay up-to-date on the latest financial and regulatory developments to ensure that they are providing accurate and relevant services. Another challenge is the increasing complexity of financial transactions and the need for auditors to have a high level of technical expertise. With the proliferation of new technologies and the rise of digital currencies, auditors must be able to understand and analyze complex financial data in order to provide accurate assessments.

Importance of auditors

Despite the challenges, auditors in Dubai are highly sought after due to their importance in the financial sector. Many companies rely on the expertise and objectivity of auditors to provide assurance that their financial statements are accurate and their business practices are sound. As a result, auditors in Dubai are often well compensated for their services.

Professional bodies and qualifications

Auditors in Dubai are typically required to have a relevant professional qualification, such as a bachelor’s degree in accounting or a related field. In addition, many auditors in Dubai are members of professional bodies such as the Institute of Internal Auditors (IIA) or the Association of Chartered Accountants (ACA). These professional bodies provide training and support to auditors, as well as promote best practices and ethical standards in the industry.

Conclusion

In conclusion, RBS in Dubai is the best Auditing Services in Dubai that play a vital role in the smooth operation of businesses and the integrity of the financial sector. Our expertise and objectivity are essential in maintaining confidence in the financial system and helping companies to navigate the complex and constantly evolving business environment. We also provide Auditing Services in Sharjah, for more details contact us today.

 

 

VAT & Excise Consultants in Dubai

 VAT & Excise Consultants in Dubai

VAT is a type of consumption tax that is levied when a commodity is valued. It is a tax that is levied on goods and services bought by corporations and individuals. RBS Auditing can serve you and provide you with the best service at a fair price for VAT & Excise Consultants in Dubai.

VAT & Excise Advisory in UAE has been helping businesses to comply with the UAE’s VAT laws ever since the introduction of VAT in Dubai. Federal Tax Authority (FTA) is responsible for tax collection. The Federal Tax Authority (FTA) provides all the legislation including explanations and recommendations to assist business firms.

Vat & Excise Advisory In UAE
Vat & Excise Advisory In UAE

Tax experts help business owners plan effectively for taxes, which allows them to manage their working capital and better control their tax outflow. VAT consultants can help businesses with VAT Advisory services and VAT Compliance services.

Vat & Excise Consulting In UAE

RBS Auditing employs a dedicated team of tax professionals that are experienced and up-to-date with the latest law changes that have an impact on clients’ taxable areas. Every update from FTA is discussed and reviewed within the team. The analysis is then done to determine the impact of tax law amendments and is communicated to clients promptly.

Compliance with VAT and Excise consulting in UAE are critical functions that must be monitored daily for every type of transaction. This will ensure accurate recording in the books of accounts and timely reporting to FTA. To ensure compliance with VAT, organizations may choose to employ qualified staff.

Outsourcing VAT accounting in UAE is now the standard or the most common practice for companies. Many companies are unsure about outsourcing and whether it is a wise decision to make for their business. This is one of the most effective ways to get your business on the right track to success.

Our universal approach to tax issues ensures long-term success for corporations while using the most current techniques. Let’s take a look at what our services are as trusted VAT consultants in Dubai, UAE.

How do you file your VAT returns in the UAE?

We make filing VAT returns easy and seamless at RBS. We follow the Federal Tax Authority’s guidelines and assist taxpayers in dealing with online portal operations, final payments and seeking refunds. All this is done in compliance with UAE law.

According to their size, VAT-paying businesses are classified into different categories. To ensure total transparency between auditor and client, the FTA portal accepts VAT returns online only. The business must provide manually the sales, output VAT and input VAT values in the boxes provided by the FTA portal.

This form, also known as ‘VAT 201’, can be classified into seven sectors.

·      VAT Return Period

·      Taxable Person Details Net VAT Due

·      All other outputs and sales subject to VAT

·      All inputs and expenses are subject to VAT

·      Declaration and Authorized Signatory

·      Additional reporting requirements

The ‘VAT Voluntary disclosure Form 211’ is another form that can be found on the portal. It must be completed under certain conditions. To access their VAT Return, every business taxpayer must use their registered credentials.

The filing of VAT returns in the UAE requires a detailed summation of business transaction details. However, Purchase/Expenses, Sales and Input VAT can all be calculated separately. These separate totals must be verified to produce an accurate and error-free summary which can be used in the FTA-approved electronic VAT Return Form.

This blog isn’t meant to be a one-size-fits-all guide to filing your VAT Returns. A trusted and reliable Tax Consultant can help you ease the stress of the VAT Return process by providing a unique analysis specific to your business, which is crucial for accurate Tax Reporting as well as FTA compliance.

RBS Auditing, provide Certified VAT & Excise Consulting in UAE, takes the stress out of filing, compiling and submitting all papers. We also provide transparency in the VAT Return process. We are the UAE’s top Tax and Excise Agents and can guarantee high-quality service and customer support throughout and after the Tax Return Process.

 

 

Importance of Outsource Accounting Services in Dubai

outsource accounting services in Dubai

You cannot ignore the importance of outsource accounting services in Dubai. No matter how big or small your business is, you need to make sure that your accounts are clear and organized. Dubai is a popular choice for business owners who want to expand and manage their Middle East business. Dubai is a great place to start a business or build a company. You will want to search for companies that have better Bank Approved Auditor in UAE.

Bank Approved Auditor in UAE
Bank Approved Auditor in UAE

Here’s why outsourcing accounting services are so important for Dubai business processes.

Keep your eyes on Your Business
while numbers are important, business is more than that. However, you can’t ignore this aspect of your business. Outsourcing accounting services in Dubai will enable you to concentrate on your core business. To ensure your business runs smoothly, you can hire accounting professionals and professionals to handle your business accounts. A variety of business surveys have shown that outsourcing accounting functions and services can increase business productivity by 32% in any type of business.

Cost Reduction
although many business owners believe that hiring accountants in Dubai will increase their company’s costs and make them more expensive, it helps to lower the company’s overall cost. You don’t need to spend money on recruitment, salaries, benefits, or office space when you have an accounting firm handle your company’s accounting needs. You can save 30% on your business expenses and not have your business suffer. This is especially important in Dubai, where real estate and staff costs are higher.

Access to Information
accounting services in Dubai are provided by many firms that use the most up-to-date technology. This allows them to provide constant access and information. You can access account-related information wherever and whenever you need it.

Find Experts and Professionals
you don’t need to spend your time looking for and hiring professionals in the tax and accounting fields. Instead, choose the best RBS auditing services in Dubai. You can rest assured that the accounting services that you hire in Dubai will be handled professionally and by professionals who are experienced. The majority of company professionals works within tight deadlines and target dates and can provide information and advice to help you avoid tax-related legal penalties or issues. This will allow you to save time, money and effort.

Wide Range of Services
Many of the services offered by Dubai-based companies that have been outsourced to them by international companies include Offshore Agent in Jafza. This is according to Dubai’s business laws. RBS Auditing can help you with accounting services if you are a new business in Dubai. Contact us for any Query.

 

Vat Consultancy Services in Dubai

Vat Consultancy Services in Dubai

A VAT-registered small business can submit a VAT Return to HMRC to pay the owed amount or claim VAT on business expenses. You have many options for submitting your VAT returns. One option is to submit it online. But, the best way to do so is to use a VAT Consultancy Services in Dubai.

As you can see it doesn’t matter who files the return. All that matters is that it is submitted on time and includes all necessary information.

With their extensive knowledge and expertise in VAT registration and a proven track record, Dubai VAT consultants can resolve all issues related to VAT, including VAT consulting, VAT training, Free Zone auditing, returns and tax laws and regulations. Since the introduction of VAT in January 2018, Dubai’s top VAT consultants have been sought by businesses. They are registered with UAE’s Federal Tax Authority (FTA), as a tax agency, and dedicated agent. To comply with UAE VAT Laws, the proper and structured implementation of VAT is now a requirement.

Free Zone auditing
Free Zone auditing

How Dubai VAT Consultants Can Help Businesses

Since 1 January 2018, the UAE VAT regulations were implemented. VAT consultants have been helping businesses comply since then. Business owners can get help from VAT consultants to plan their taxes efficiently and help them manage their working capital. Businesses can be guided by VAT consultants through both VAT Compliance and VAT Advisory services.

Here are some of the major VAT compliance services offered by Dubai VAT Consultants

  • Make sure that you submit your VAT returns and reconciled them on time
  • Reconciliation, return and VAT records.
  • Provide advice to clients regarding clarifications of FTA notifications
  • Representation before the FTA in tax matters
  • Modification and review of source documents
  • VAT planning in UAE
  • Services for VAT advice
  • To suggest whether VAT should be registered as a single entity, or as a tax group
  • A reverse charge for imports: Applicability
  • Training and awareness for staff on VAT

VAT Registration in Dubai

Businesses with taxable imports or supplies exceeding AED 375,000 (USD 1000) must apply for VAT registration. Businesses with taxable supplies or imports of between AED 187.500 and 375,000 are permitted to apply for VAT registration under the UAE VAT law. Businesses whose taxable imports and supplies are less than AED 187.500 are not required by law to register for VAT. Online applications for VAT registration are possible. However, businesses may seek out the assistance of VAT Consultancies in the UAE to ensure that the process is properly executed. It is important to note that all names, whether they are company owners, managers, or authorized persons, must be entered in the Arabic Language.

Conclusion
RBS has qualified VAT consultants with local experience in VAT accounting and VAT filing. They can also help you to refund VAT. RBS is the best VAT Consultancy Services in Sharjah. RBS has a registered Arabic-speaking tax agent at the Federal Tax Authority (FTA). This tax agent can assist with any tax-related matter and can represent companies in tax cases against FTA.

 

Dive In for Business Valuation safely with RBS auditing

Valuation

Starting a new business is not only dependent on the money that you have invested, but the structure of your business defines your aims. If you choose the wrong shape for your business, it will only lead you to risks. Our company RBS Auditing offers Business Valuation Services in Dubai and Abu Dhabito help you grasp the exact worth of your company. Some key factors, such as assets, liabilities, management, market, etc., are crucial to determining the company’s position and help in the decision-making to discover the best advantages.

 

What Exactly Is Business Valuation?

 

The valuation of any business is significant to understand the current value of that business keeping various factors in mind, such as the management, assets, liabilities, income, and the position of that company. Undergoing the Business Valuation Services in UAE would become easy for the stakeholders to make remarkable decisions for the company if they are aware of the value of that company.

Business Valuation
Business Valuation

Perks of Business Valuation-

 

Business valuation can be profitable for you in several ways,

  1. Business valuation improves the goodwill of the company as per the market environment.
  2. It attracts investors to the company by increasing its exact value.
  3. The current valuation help in discovering the basic details of the company’s assets and liabilities. Hence, you would be able to restructure the company according to you.
  4. The valuation of your company help in making long-term decisions regarding business diversification.
  5. The high value of your company helps in building trust by making it easy for you to take loans in the future.

 

The valuation of any business is due to various reasons given below-

 

  • Goodwill Deterioration
  • Mergers or purchases
  • Reorganization and Bankruptcies
  • Shareholders oppression cases
  • Funding or financing
  • Litigation and ownership disputes
  • Business Planning
  • Buy or Sell contracts

There are also various tools and programs provided by our company to help you make varied smart decisions for expanding your business, such as Comparative Financial ratio analysis, Ratio analysis, and analysis of going concern concept.

 

If you are also looking for your business valuation, and have found our services to the point, then please feel free to visit our website for further details, or else you can also contact our customer care available round the clock to solve all your queries regarding our services. Our company also delivers Business Consultancy Services Dubai, Abu Dhabi and Sharjah. If you need more details and help regarding these services then ping us. We are here to serve all your need for these services.

 

 

 

How do You pick the Best Auditor for Your Company?

Auditing Services In Dubai

An audit is comparable to yearly physicals. You probably don’t look forward to having one, but in the long run, you must do so for you to function properly. You must lay the groundwork before selecting Auditors in Sharjah for your business to identify the ideal fusion of skills, experience, compatibility, and several other attributes. You place a high value on your business, so how could you possibly ignore your finances? Let’s examine ways to locate the ideal auditor for your business.

 

  1. Seek a qualified firm: Make sure the auditors and the firm are qualified to manage the financial reports for your organization before selecting any auditor. To be qualified, a company or individual must have years of experience, be a member of the community, and have approved and authorized status. Your initial lead examination should focus on whether the accomplice satisfies the requirements that an auditor should have.
  2. Meet in person: Always meet in person with the auditors who will be working with your business. A face-to-face encounter would provide a foundation for mutual understanding, make communication easier, and enable you to interact successfully throughout additional sittings. This will guarantee the company’s cultural fit with both you and your business.
  3. One-stop solution provider: It is always advised to work with an accounting & auditing firm that offers a wider range of services, such as Auditing, Accounting, Taxation, Legal, and Consultancy when it comes to handling your private financial data because they can give you all the services you require as a one-stop shop and offer trustworthy and high-quality solutions. As your staff gained knowledge from professionals, it saves you time, and energy, and increases productivity.
  4. Look for the feedback: Some of the sources that will show you the reliability and caliber of the job done by the organization include its market reputation, the institutions with which it is linked, and client testimonials. Above all, these sources will assist you in reference checking when necessary.

 

Choose RBS auditing as your auditor and accountant-

Everything You Need to Know About Company Liquidation | TRC Corporate Consulting

RBS Auditing is a certified auditing and accounting business and a Federal Tax Authority of UAE-approved tax agency. With our auditing, accounting, company finance, VAT, and consulting services, we provide you with a one-stop shop for all of your business needs. Our clients have praised RBS as one of the best and most effective audit firms in the UAE. Our audits have been able to identify any tax errors made by businesses and assist them in maintaining compliance with the tax laws. We also offer UAE Freezone Company Liquidation to all varieties of enterprises.

 

Finding the ideal auditor may seem difficult, but the more time you spend doing so will result in a stronger connection and better audit outcomes.

 

Liquidation strategies to deal with the debts

liquidation

Just presume, your company is badly debt-ridden, and you need to liquidate all the resources into cash. RBS auditing has the best Liquidation Services in Dubai. There are several reasons why a company needs to get liquidated to reimburse the debt to the bank from which the company needed the loan, creditors, or lending companies. The process of liquidation includes the selling of all the company’s possessed items, such as products, land, raw materials, machinery, and another commodity that can be sold out or auctioned whereas some items are purchased by the buyers.

liquidation Services
liquidation Services

Company liquidation is of two types-

 

Voluntary Liquidation/ compulsory liquidation

Liquidation by court

 

Voluntary liquidation is the shutting down of companies by shareholders or creditors of the company who passes the legal resolution. During the meetings of shareholders, an official liquidator is appointed, who is responsible for the winding up of the company, and such liquidation is also called compulsory liquidation.

Employees are considered the primary creditors. The pending dues of the employees are cleared.

 

Sometimes the company files a petition for liquidation to the court by itself, when it gets failed financially, or is unable to pay off its pending dues.

 

According to the UAE Freezone Company Liquidation service, a company in a good state will not get subjected to the liquidation process. Whereas, if a company cannot show proper growth and is not capable of paying off debts, then only the creditors can take action against the company.

 

Perks of Liquidation services:

  • Liquidation happens to the company, not the people of the company.
  • Creditors are not allowed to chase directors of the company after the company is liquidated.
  • Once the company is liquidated all the legal disputes against the company come to an end.
  • The liquidation management sanctioned the chosen liquidator.

 

If you are interested in our services for liquidation, please feel free to contact our customer care for further details regarding these services. In addition to these programs, our company also offers UAE Freezone Company Formation. RBS is one of the top leading service providers in terms of tax and advisory, accounting, audit services. Our company possesses the personality of a small firm but has the caliber of big firms. Our team has a long-term experience in accounting, taxation, business advisory services, auditing, the management consultancy. Our team consists of skilled individuals who are smart enough to manage the risk of the clients and more.

 

 

 

Why choose RBS auditing for Excise Tax consultancy?

Excise_Tax

Are you wondering about outsourcing your food and beverage business to Dubai, UAE but are not familiar with the rules and regulations regarding the tax? Here is everything you need to know about the Excise Tax Registration and Return Filing services in UAE. Initially, on 1st October 2017, the excise tax was applicable only on specific goods according to the Excise Tax Federal Decree-Law No. (7) of 2017, but after two years in 2019, a few more goods got added to the list of excise tax products.

 

The products which are entitled to Excise tax include –

 

  • Carbonated drinks
  • liquids used in electronic smoking devices and tools
  • Sweetened drinks
  • Tobacco and tobacco products
  • Energy drinks
  • Electronic smoking devices and tools
  • Carbonated drinks

 

What is the procedure for registering for excise tax?

  1. Create and verify your e-service account with the FTA portal. For creating the account, you need to sign up with your email address.
  2. Once you log in to your account, try to understand the symbols and icons given on the registration form.
  3. To initiate the excise tax registration form, click on the confirm button.
  4. Now fill in the required details on the registration form, deregistration application, and amendment forms with correct answers.
  5. After ensuring that all the details are correct, click on the submit button.

 

The excise tax services provided by our company include Excise tax audit, advice on stockpilers, excise tax registration and deregistration, excise tax stock audit at the year-end, advice on stock/ inventory counting, and duty calculation, determining implication, scope, applicability-impact, and applicability analysis.

 

If you have gone through all the services mentioned above, and think that these services can be helpful to you, then please don’t forget to visit our website for some more details, or you can contact our service provider, who is available round the clock to solve all your issues regarding these services. RBS auditing is one of the best Accounting Firms in Dubai, which provides all these services in a very cost-effective manner.

Top 10 Accounting Firms in the US

 

Our strength in excise tax consultancy in UAE –

We are the top financial advisers in the UAE because of our extensive expertise in these accounting and tax advising services. With years of expertise, we have improved and strengthened our excise tax consultancy services in Dubai, overcoming several of our shortcomings:

  • We adhere to the guidelines established by the Financial Tax Authority (FTA).
  • We promise to be accessible to our clients around the clock.
  • We give you thorough advice on complying with excise laws.
  • We compute, keep track of, and reconcile data, invoices, and transactions.
  • We offer a qualified staff of auditors and tax experts with expertise.
  • Our tax reports are meticulously organized following the UAE excise legislation.
  • We look after the assets of your business and guard you against costly penalties.
  • In the United Arab Emirates, we are registered in all reputable free zones.

 

We offer a full range of excise tax services, including planning, consulting, training, and registration. Contact us right now for more details about our consultancy services regarding excise taxes in the UAE.