“Allow Our Accounting Services to Improve Your Organization”

Professional Accounting Services In UAE

Managing a business is a complex task, and accounting is one of the most critical aspects of running a successful organization. Proper accounting practices are essential for accurate financial reporting, tax compliance, and informed decision-making. RBS Auditing’s Professional Accounting Services In UAE can significantly impact your organization by providing multiple benefits. 

Professional Accounting Services In UAE
Professional Accounting Services In UAE

But before that, let us look at the importance of Professional Accounting Services.

 

Professional accounting services are essential for businesses to maintain accurate financial records and ensure compliance with accounting standards and regulations. In addition, accurate financial reporting is necessary for informed decision-making and tax compliance. 

 

Professional accounting services provide:

 

  • Expertise.
  • Ensuring that accounting practices are managed effectively and efficiently.
  • Resulting in cost savings and enhanced financial performance.

 

Hence, professional accounting services are vital for businesses to maintain financial stability and ensure long-term success. You can also Outsource Accounting Services In Dubai. 

 

Here’s How RBS Auditing can Help:

 

  1. Accurate Financial Reporting: Accurate financial reporting is vital for understanding the financial health of your organization. RBS Auditing’s professional accounting services can help you maintain accurate financial records, ensuring that your financial reports are reliable and precise.

 

  1. Compliance with Accounting Standards: RBS Auditing’s professional accounting services ensure that your organization complies with accounting standards, including International Financial Reporting Standards (IFRS). This compliance is essential for avoiding legal and regulatory issues.

 

  1. Timely Tax Filing: Tax compliance is an essential aspect of accounting. RBS Auditing’s professional accounting services can help ensure your organization files its tax returns on time, avoiding late filing penalties.

 

  1. Improved Decision-Making: Proper accounting practices can provide insights into your organization’s financial performance, which can help you make informed business decisions. RBS Auditing’s professional accounting services can provide accurate and timely financial information, enabling you to make informed decisions.

 

  1. Cost Savings: Outsourcing your accounting function to RBS Auditing can result in cost savings for your organization. It can be achieved by reducing the need for in-house accounting staff, infrastructure, and software.

 

  1. Professional Expertise: RBS Auditing’s professional accounting services are provided by experienced and qualified accounting professionals. This expertise ensures that your accounting function is managed effectively and efficiently.

 

Thus, RBS Auditing’s professional accounting services can significantly impact your organization by providing accurate financial reporting, compliance with accounting standards, timely tax filing, improved decision-making, cost savings, and professional expertise. 

 

Outsourcing your accounting function to RBS Auditing can free up your resources and allow you to focus on your core business activities while ensuring your accounting function is managed effectively and efficiently.

 

So, if you need reliable accounting services, RBS Auditing is at your service! Our loyal clients also contact us for Professional Auditing Services in Dubai.

Best Auditing Services In Dubai and Sharjah: RBS Auditing

Professional Auditing Services in Dubai

RBS Auditing offers professional auditing services in Dubai and Sharjah providing an extensive range of auditing and assurance services to clients from various industries. We are a team of qualified and experienced professionals who are committed to delivering excellent quality services to our clients. 

Our company’s mission is to provide comprehensive and effective auditing services to clients in the UAE. 

Audit Firms In UAE
Audit Firms In UAE

Our Services 

We provide a wide range of auditing and assurance services to our clients. Our services include: 

  • External Audit Services: Our external audit services are aimed at providing an independent opinion on the financial statements of our clients. We follow International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) in our audit process. 

Our audit approach is tailored to the specific needs of our clients and we provide comprehensive and cost-effective solutions. 

  • Internal Audit Services: Our internal audit services are designed to provide our clients with an independent and objective assessment of their internal controls and risk management processes. We help our clients to identify areas of improvement in their internal controls and recommend appropriate measures to mitigate risks. 
  • VAT Consultancy Services: Our VAT consultancy services are aimed at providing our clients with expert advice on VAT compliance and implementation. We help our clients to understand the VAT laws and regulations in the UAE and assist them in the preparation and filing of their VAT returns.
  • Accounting Services: Our accounting services include bookkeeping, preparation of financial statements, and other accounting-related services. We help our clients to maintain accurate and up-to-date financial records and provide them with regular financial reports. 
  • Due Diligence Services: Our due diligence services are aimed at helping our clients to assess the risks and opportunities associated with a potential investment or acquisition. We provide our clients with comprehensive due diligence reports that cover all aspects of the transaction. 

Benefits of our Services 

  • Quality Services: We are committed to delivering high-quality services to our clients. We have a team of qualified and experienced professionals who are dedicated to providing the best possible services to our clients. 
  • Tailored Solutions: We understand that each client has unique needs and requirements. Therefore, we provide customized solutions that are tailored to the specific needs of our clients. 
  • Cost-effective: Our services are designed to be cost-effective, and we offer competitive prices to our clients. We believe in transparency and provide our clients with detailed cost estimates before commencing any work. 
  • Timely Services: We understand the importance of timely services, and we strive to complete our work within the agreed timelines. We work closely with our clients to ensure that our services are delivered on time. 
  • Expert Advice: Our team of professionals has extensive knowledge and experience in their respective fields. We provide our clients with expert advice on a wide range of issues related to auditing, accounting, and VAT compliance. 

Conclusion 

As one of the top Audit Firms In UAE, we are committed to delivering high-quality services to our clients and providing them with customized solutions that meet their unique needs and requirements. Our team of qualified

and experienced professionals is dedicated to providing expert advice and timely services to our clients. 

We believe in transparency and offer cost-effective solutions to our clients. If you are looking for the best auditing services in Dubai and Sharjah, look no further than RBS Auditing. Contact us today to learn more about our services and how we can assist you with your auditing and assurance needs.

RBS Auditing: Your Trusted Partner for Accounting and Professional Auditing Services in Dubai and UAE

accounting services in Dubai

RBS Auditing is a leading auditing firm that provides comprehensive auditing and accounting services in Dubai and the UAE. We have been in the industry for many years and have built a strong reputation for delivering quality services to our clients. 

Our team of highly qualified and experienced professionals understands the complexities of financial reporting and compliance requirements in the region, making us your perfect partner for all your auditing and accounting needs. 

Our Services 

1) Accounting Services: 

As a business owner in Dubai, you must comply with the accounting and financial reporting requirements set by the UAE government. We offer a range of accounting services that will help you stay compliant with these requirements. 

Our services include bookkeeping, financial statement preparation, budgeting and forecasting, and tax compliance. With our expertise in the local laws and regulations, we ensure that your business remains compliant and efficient in managing its financial affairs. 

2) Auditing Services: 

professional auditing services in Dubai
professional auditing services in Dubai

Auditing is a crucial function in any business, and our professional auditing services in Dubai are designed to help you stay on top of your finances. Our team of auditors has in-depth knowledge of the latest accounting and auditing standards, ensuring that we provide a reliable and accurate assessment of your financial statements.

We offer statutory audits, internal audits, and other customized audits as per your business requirements. Our auditing services help you identify any financial irregularities or potential risks, allowing you to take corrective actions and make informed decisions. 

With our experience and expertise, we ensure that your financial statements are accurate, reliable, and compliant with the regulatory requirements. 

Advantages of Choosing RBS Auditing: 

Choosing us as your partner for accounting and professional auditing services in Dubai and UAE comes with many advantages, including: 

  • High-quality services: Our team of experts is committed to delivering high-quality services that meet your business needs and exceed your expectations. 
  • Customized solutions: We understand that every business is unique, and we provide customized solutions that cater to your specific requirements. 
  • Competitive pricing: We offer competitive pricing that ensures you get value for your money. 
  • Timely delivery: We understand the importance of timely delivery and ensure that our services are delivered on time, every time. 

Conclusion: 

RBS Auditing is your trusted partner for accounting and professional auditing services in UAE and Dubai. We have a team of highly qualified and experienced professionals who are committed to delivering high-quality services that meet your business needs. 

With our expertise in the local laws and regulations, we ensure that your business remains compliant and efficient in managing its financial affairs. Choosing RBS Auditing gives you the peace of mind that your financials are in safe hands.

Contact us today to know more about our services and how we can help your business.

Why should you trust Auditing firms in Dubai?

Professional Auditing Services In Dubai

Auditing is simply the process of double-checking and verifying books of accounts and recorded financial data prepared by an organization’s accountant against the source documents from which they were designed, as well as examining whether the organization is operating following industry standards and another stated purpose. Professional Auditing Services In UAE analyses, the company’s financial data to ensure that the financial statements and reported data are accurate and transparent to the relevant stakeholders.

Auditing services:

RBS Auditing offers various audit services for both small and large organizations. Among the benefits are:

Internal auditing – refers to assessing the company’s internal position and control.

Internet audits assure businesses that their risk management strategies, corporate practices and methods, and internal control processes are effective. In addition, it improves the credibility of financial reports and reports to shareholders and management.

External auditing – This is auditing a company’s financial records to ensure the transparency, dependability, and accuracy of financial data. An external audit gets performed by a third party who has no affiliation with the organization and aids in discovering any frauds, misstatements, or miscalculations. In addition, external auditors will report on the business’s progress to management, assisting them in making future decisions and strategies.

Statuary Audit- This type of audit gets required by law and communicates financial information to all stakeholders such as investors, shareholders, the general public, and so on. This audit aims to reassure the government and other stakeholders that all financial data representation is accurate and honest.

Why do Abu Dhabi businesses require Auditing Firms?

  • Audit firms and Best Auditing Services In Dubai assess your company’s market reputation and dependability. Firms with successful audit reports will appeal to stakeholders because they will be assured of the business’s performance and transparency.
  • The business operations will be guaranteed to pressure groups such as the government.
  • Hiring audit firms gives the company access to specialized teams and individuals who can assist the company in various areas such as taxation, profit and loss analysis, fraud prevention, etc.
  • It contributes to the stakeholders’ continued trust.

Why choose RBS Auditing?

RBS Auditing is a top professional Accounting, Tax, and Auditing firm with a full-fledged professional team with qualifications and experience in Accounting, Auditing, Taxation, Management Consultancy, and Business Advisory Services. RBS Auditing is a leading service provider with a fully qualified professional team ready to assist clients in risk management and operations improvement. So, if you are looking for Professional Auditing Services In Dubai, You have just landed on the right page. Get in touch with RBS Auditing now!

UAE to introduce 9% corporate tax on business profits from June 1, 2023

corporate-tax

Ministry of Finance to introduce federal corporate tax on business profits, effective for financial years starting on or after 1 June 2023

ABU DHABI, 31st January, 2022 (WAM) — The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after 1st June 2023. Businesses will become subject to UAE corporate tax from the beginning of their first financial year that starts on or after 1st June 2023.

The UAE corporate tax regime has been designed to incorporate best practices globally and minimise the compliance burden on businesses. Corporate tax will be payable on the profits of UAE businesses as reported in their financial statements prepared in accordance with internationally acceptable accounting standards, with minimal exceptions and adjustments. The corporate tax will apply to all businesses and commercial activities alike, except for the extraction of natural resources which will remain subject to Emirate level corporate taxation.

With a standard statutory tax rate of 9 percent and a 0 percent tax rate for taxable profits up to AED375,000 to support small businesses and startups, the UAE corporate tax regime will be amongst the most competitive in the world.

No corporate tax will apply on personal income from employment, real estate and other investments, or on any other income earned by individuals that does not arise from a business or other form of commercial activity licensed or otherwise permitted to be undertaken in the UAE.

“As a leading jurisdiction for innovation and investment, the UAE plays a pivotal role in helping businesses grow, locally and globally. The certainty of a competitive and best in class corporate tax regime, together with the UAE’s extensive double tax treaty network, will cement the UAE’s position as a world-leading hub for business and investment”, said Younis Haji Al Khoori, Undersecretary of the Ministry of Finance.

Younis Haji Al Khoori further adds that “with the introduction of corporate tax, the UAE reaffirms its commitment to meeting international standards for tax transparency and preventing harmful tax practices. The regime will pave the way for the UAE to address the challenges arising from the digitalisation of the global economy and the other remaining BEPS [Base Erosion and Profit Shifting] concerns, and execute its support for the introduction of a global minimum tax rate by applying a different corporate tax rate to large multinationals that meet specific criteria set with reference to the above initiative.”

Recognising the contribution of free zones to the UAE’s economy and competitiveness, the UAE corporate tax regime will continue to honour the corporate tax incentives currently being offered to free zone businesses that comply with all regulatory requirements and that do not conduct business with mainland UAE.

Given the position of the UAE as a global financial centre and an international business hub, the UAE will not impose withholding taxes on domestic and cross border payments, or subject foreign investors who do not carry on business in the UAE to corporate tax.

As an international headquarter location, a UAE business will be exempt from paying tax on capital gains and dividends received from its qualifying shareholdings, and foreign taxes will be allowed to be credited against UAE corporate tax payable.

The UAE corporate tax regime will have generous loss utilisation rules and will allow UAE groups to be taxed as a single entity or to apply group relief in respect of losses and intragroup transactions and restructurings.

The UAE corporate tax regime will ensure the compliance burden is kept to a minimum for businesses that prepare and maintain adequate financial statements. Businesses will only need to file one corporate tax return each financial year and will not be required to make advance tax payments or prepare provisional tax returns. Transfer pricing and documentation requirements will apply to UAE businesses with reference to the OECD Transfer Pricing Guidelines.

“The introduction of a corporate tax regime will help the UAE achieve its strategic ambitions and incentivise businesses to establish and expand their activities in the UAE,” said Younis Haji Al Khoori.

UAE businesses will be given ample time to prepare for the introduction of corporate tax in the UAE. The UAE Ministry of Finance plans to issue further information on the UAE corporate tax regime toward the middle of the year to help businesses get ready and be fully compliant.

*For further information, please visit the Federal Tax Authority website: https://tax.gov.ae/en

Courtesy:-  https://wam.ae/en

MAKE THE RIGHT CHOICES BY HIRING PROFESSIONAL AUDITING SERVICES IN UAE

Accounting
Many people can gain advantage by hiring Professional Auditing Services In UAE, particularly if you have a business. A professional team can help you with a range of activities, such as auditing, bookkeeping, taxes and many more. There are lots of benefits in working with an accounting agency, and businesses need to stay obedient as well
One of major benefits holds in hiring Bank Approved Auditor In UAE. They can help you with small, medium and large company audits that might be a lawful prerequisite for various businesses. Not only that, but it will assist you to stay acquiescent and make out areas that require upgrading. Self-governing reviews are a new choice that companies can take a look at, along with special purpose audits. Most of time, shareholders of a company will need these audits to be done often to make sure that the company’s financials are entirely in sequence and that set of laws will be followed.
An accounting firm can also give sound tax advice and taxation service for all businesses and this comprise the achievement of tax returns, corporate tax consulting, and estate preparation, the completion of individual tax returns, and conformity administration for small and large businesses. Next vital part for any business to keep in mind is payroll. An accounting firm can look after your payroll duties by making payslips, and carrying out returns on your behalf.
Professional Auditing Services In UAE Consulting services comprise recommendation on business frames, research of monthly and intermittent management accounts, scrutiny and analysis of financial results, and help with business plans. Business plans are necessary for new businesses and they must be proficiently done to make certain that everything has been considered and that correct predictions are being made. Professionals can better help with this as they have the experience essential to accumulate professional plans.
You need a professional accounting team that comes with the greatest experience of accounting to assist you deal with these jobs effciently.

MAJOR REASONS OF HIRING PROFESSIONAL AUDITING SERVICES IN DUBAI

Document Checking
Professional Auditing Services In Dubai – Whether is a small, medium, or even big size of businesses also, it doesn’t matter what the number of staffs or list of business, competent and correct bookkeeping can make the better organization
Accounting is properly done right which makes sure that records are always updates and provide precise data that can be utilized to assess what they deliver and request for products or services are.
Accounting can be done in-house or it is outsourced also. And, professional Accounting Services In Dubai will make sure that the main intentions of the business are being come across with their know-how in bookkeeping.
The Professional Auditing Services In Dubai will not assist to maintain correct records, but will be a key importance in the development of the company, assisting it to come across and go beyond business objectives.

Here are the main reasons how it makes dissimilarity to any business:

You will become acquainted with your income and expenses to the final cent. No more presuming about how much earnings was produced and how much was used up. This will allow you to take the right decisions when it comes to building a business strategy for the future.
A professional bookkeeping service cans also assist to pick up debts from vocal or forgotten sources; therefore returning your money that is long deserved.
A bookkeeper with exact know-how in the nature of your business can offer you with professional advice and information that will get it convenient when you make future plans. The guidance of a niche professional can never be undervalued.
When you outsource your needs to a professional accounting service, you can be guaranteed that you will never be delayed for any financial deadlines, whether it is for invoice creation or for accounts receivable statements. This means collections will be done on time and revenues will be smooth leading to a much better condition of finances for the organization

DIFFERENT AUDITING SERVICE PROVIDING COMPANY IN DUBAI – PROFESSIONAL AUDITING SERVICES IN DUBAI

Professional-Auditing-Services-In-Dubai
An independent audit is the foundation for decision-making in the capital markets. Stakeholders seek responsible and objective opinion from independent auditors and the fundamental goal of our auditor professionals in the UAE is to provide this assurance.
At “RBS” in the UAE, we are committed to providing a excellent Professional Auditing Services in Dubai. Now and again, marketplace feedback, from both large quoted and growing businesses, confirms that our audit opinion is robust and commercially focused

Professional Auditing Services In UAE

An independent audit is the foundation for decision-making in the capital markets. Stakeholders seek responsible and objective opinion from independent auditors and the fundamental goal of our auditor professionals in the UAE is to provide this assurance
At “RBS” in the UAE, we are committed to providing a excellent Professional Auditing Services in Dubai. Now and again, marketplace feedback, from both large quoted and growing businesses, confirms that our audit opinion is robust and commercially focused. Contrary to what you think auditing is very beneficial for the company. As a provider of Professional Auditing Services In UAE, we have been able to help many companies to know the exact picture of the company’s financial health. This is very essential for planning investment and expansion. Auditing will also help you to find out if your company is fully compliant with the accounting laws of the country.
We provide a variety of services with regard to auditing like internal and external auditing. As a provider of the Best Auditing Services in Dubai we also offer you audit assurance and financial reporting advice and solutions under the IFRS. We can also conduct a limited review of your financial records or do a specialized audit.
An audit seeks to provide a real overview of the financial performance of a business, whilst improving an entities efficiency and profitability. This is achieved through the insightful financial results which an audit can uncover, such data allows key stakeholders to make calculated risks, whilst assessing elements within the financial structure which may need improvements.
To ensure business activities are in compliance with accounting laws and regulations, we thoroughly examine a client’s business process, analyse performance comparisons, disclose their strengths and weaknesses, as well as identify critical areas of their operations.