The Controller is an industry-leading accountancy and consultancy firm in Dubai. We offer comprehensive bookkeeping and accounting solutions with experts who offer efficient services to every client. We help small-to-medium businesses and people with auditing, accountancy, VAT consultancy and more while helping them save as much tax as possible and abide by the laws and regulations.
With the government introducing Excise tax and Value Added Tax (VAT) for carbonated drinks and for tobacco and energy drinks, VAT is applicable at a minimal rate of 5%.
We are registered VAT consultants in Dubai, UAE with Certified VAT professionals by the Federal Tax Authority (FTA). UAE implemented the VAT laws and regulations effective January 1, 2018, with the Kingdom of Saudi Arabia.
VAT requires proper guidance from trained and skilled tax professionals who can support your business to comply with the laws. Many companies, especially small businesses are unaware of VAT registration, its rules and regulations, how to calculate VAT and the payment process.
With the right VAT consultant, you will have:
- A Keen eye for details as the VAT consultants cross-check all the facts and figures using advanced technology
- Greater knowledge about everything regarding VAT. As a beginner, this skill will help you understand various VAT rates, calculate the amount and pay the tax on time.
- An expert can save you a lot of time to examine, evaluate and calculate the risks associated with the company.
- A VAT specialist who can help you in the proper maintenance of files and records whenever you need a VAT audit.
Accounting services for small businesses in Dubai
The Controller is one of the leading professional accounting and bookkeeping firms in Dubai. We strive to know your business requirements and long-term goals so that we can offer custom-tailored solutions to meet all your business requirements. We provide various accounting services for small business owners in Dubai that comprises Account Reconciliation, Updating Backlog Accounts, Bookkeeping, Financial Services and much more.
Accounting methods
The accounting method is a practice used by businesses to keep a track of income and expenses. There are two accounting methods – Accrual accounting and Cash accounting.
- Accrual Accounting – the type of accounts that keeps financial records of revenues and expenses. Businesses are required to keep a sensible estimate against bad debt expenses.
- Cash Accounting – a direct method where all revenues and expenses are accounted for when expenses are actually received or sent. This method of accounting is appropriate for small or new businesses that undergo business on a cash basis and don’t carry catalogues.
Outsourced bookkeeping services in Dubai, UAE
Bookkeeping is a systematic method to record business transactions in opposite books of account. Bookkeeping services assist in upholding precise financial records of a business by maintaining a proper record of all the purchases, sales and receipts.
Benefits of Outsourcing Accounting Firms in Dubai, UAE
There are many benefits of outsourcing Accounting services in Dubai. As the UAE Commercial Company law made it mandatory for companies to maintain proper accounting records for at least five years, it is necessary to comply with the requirements. If you are a small company, then outsourcing accounts can give you the smooth functioning of your business while maintaining proper track records.
Here are some of the benefits of accounting services in Dubai, UAE.
- Focus on main activities of the business
- Usage of state-of-the-art technologies and software to maintain accounts
- Experts who supervise each accounting transaction
- Improve the efficiency and business productivity
- Maintain confidentiality of the financial records
- Affordable professional service and support
- Professionals who have years of experience in the field
Accounting & bookkeeping company services in Dubai, UAE
We help small businesses as well as start-ups in Dubai with cost-effective online accounting services. We are one of the affordable accounting companies in Dubai, UAE. An in-house accounting error can lead to a big loss than an outsourced one. It can cause damage to the public image not to mention incur fines. Experts like The Controller can prevent such issues by providing the following contributions.
- Planning the budget for the business
- Assisting the business to make smart decisions
- Maintaining healthy cash flow in the business
- Filing the records and VAT return
- Enabling efficient use of capital
- Controlling the cost by maintaining financial discipline
Contact us to know more for a FREE Consultation.
