Top 5 Accounting & Tax Consultant Firms in Abu Dhabi

What is Accounting

Accounting can be explained as the generation of monetary details. It simply means that accounting enables us to observe stuff like your total income, your worth in the market, your expenditures and steps you can take to make more money.

Role Of Accounting Firms

Accounting firms offer innumerable services that help business owners stay financially organized, tax compliant and that help prepare for business growth. Business owners shouldn’t look at an accounting firm merely as an outsourcing cost for bookkeeping but as an integral business partner. Some of the important roles discharged by accounting firms are as follows:

Tax Planning and Preparation

There is much more to tax planning and preparation than completing tax returns, although accounting firms prepare both state and federal corporate tax returns. Additionally, business owners need to establish business entities that create the most favorable tax scenarios. Accounting firms help identify the best solutions and that aid in the creation of entities that make the best tax sense for the company.

Some estate planning needs are unique to many business owners, and an accounting firm helps identify these. By looking at the big picture of a business and its key owners, the accounting firm can help develop the right mix of business entity creation and family trust establishment. Firms will work with estate planning attorneys, financial planners, and insurance agents to implement long-term strategies for business transfers and to mitigate estate taxes.

Operational Bookkeeping and Payroll

Many business owners excel at rendering the product or service that is the cornerstone of the business. But business owners aren’t always specialist at the monetary aspects of running a business. Accounting firms can come to aid in such cases. Copies of business bank accounts can be sent to accounting firms that work with bookkeepers to maintain accurate cash flow records. Accounting firms also create profit and loss statements that break down key areas of costs and revenue streams.

Accounting firms also may help with accounts receivable and manage outgoing monies that include vendor payments and payroll processing. Accounting firms can also help ensure that required federal paperwork for on-boarding employees and independent contractors is completed so that the company can issue year-end payment documents properly.

Business Development and Valuation

Accounting firms are crucial when a business strives to create valuation reports or to obtain audits that financing firms require. When a business needs a loan or funding from a private investor, this transaction needs to be legitimately and accurately valued. It is also necessary for potential mergers or purchases. Accounting firms can look at previous years’ revenues, the book of business and growth patterns to determine a reasonable value of the company to give to potential investors or buyers.

 

Accounting Firms In Dubai

List of top 5 accounting firms in Dubai is as follows:

1. Periority Accounting & Tax Consultants

accounting and tax, Periority Accounting and Tax Consultants

Periority Accounting & Tax Consultants has a cordial association with the officials in the ministry that allows us to be up to date with the variating commercial laws and UAE taxation rules. We also make sure that your business is prepared for these economic impacts. Our tax consultants in Dubai evaluate your present situation for tax planning and regulate the book-keeping of your company so that you always have the necessary records and registrations.

Periority Accounting & Tax Consultants delivers services to record and maintain the bookkeeping of your company; audit the financial statements; assistance through investment banking, notifies tax litigation, regulatory policies across a range of companies and web design services, etc.

2. Jaxa Chartered Accountants

accounting and tax, Periority Accounting and Tax Consultants

Need for every business is different. Every business requires is expert financial advice. They are a team of experienced accountants and auditors. They provide the following services:

  • Audit & Assurance Services
  • Accounting Services
  • VAT
  • Tax Services
  • Payroll Services
  • Corporate Finance Services

Their head office is in Dubai with branch offices in Abu Dhabi, Jebel Ali, Sharjah, SAIF Zone, and Ras Al Khaimah. They work in the following areas:

  • Auditing,
  • Accountancy,
  • Business advice
  • Financial Planning.

3. Emirates Chartered Accountants

accounting and tax, Periority Accounting and Tax Consultants

They are a team of highly qualified professionals from Business Management and Chartered Accountancy. They provide the following services:

  • Audit & Assurance
  • Tax
  • Accounting
  • Company Setup
  • Other services such as CFO services, etc.

Their head office is in Dubai with branch offices in Sharjah, Abu DhabiLondon, India, and Bahrain. They work in the following areas:

  • Auditing
  • Accounting
  • Management Consultancy.

4. KBA Accounting & Bookkeeping Services

accounting and tax, Periority Accounting and Tax Consultants

They strive hard to render best and satisfactory services to their clients. They provide the following services:

  • CFO Services
  • Internal Audit
  • Accounting and Bookkeeping
  • Outsourcing/Recruitment
  • VAT Consultancy
  • TAX Agent

Their head office is in Dubai. They offer their services in the following areas:

  • Hospitality & Healthcare
  • Retail/FNB
  • Trading
  • Dealership & Logistic
  • Manufacturing & Distribution

5. HLB HAMT

accounting and tax, Periority Accounting and Tax Consultants

Their tech-driven professionals ensure that they make use of the latest technologies to provide accurate and effective results to clients, irrespective of the field. They provide the following services:

  • Audit & Assurance
  • Payroll & Accounting
  • Business Incorporation
  • IT Services
  • ERP Implementation
  • Corporate Finance, etc

Their head office is in Dubai. They offer services in the following areas:

  • Logistics
  • Retail sector
  • Hospitality & Healthcare
  • Manufacturing and Distribution
  • Construction Real estate


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