We are a dedicated group of financial professionals specializing in comprehensive accounting, auditing, and tax advisory services in Dubai and all over the UAE . Our team comprises experienced bookkeepers, tax experts, auditors, and business advisors who are committed to delivering top-notch financial solutions for businesses across the World.
At the heart of RVG is a desire to see its clients succeed. To this end, the approach is to go the extra mile to ensure not just compliance but a strategic approach to the challenges businesses face be it growth, profit margins, or turnaround situations.
Rules and Regulations are being issued from time to time, which may increase the complexity of Auditing. Our Team will be continuously monitoring these changes and updating you regularly. We Provide Approved Auditing Services in Major Freezones like DMCC, Meydan, JAFZA,SHAMS, SAIF, HFZ, DAFZA, DIFC, DSO, SPC and all other Free Trade Zones in Dubai
Accounting refers to the process of keeping financial records pertaining to the business. It involves the process of recording, summarizing, analyzing, and reporting all the transactions. The reports generated by various streams of accounting are useful for business decisions. These reports give detailed information about the financial status of the business.
Bookkeeping is a transactional and administrative function that maintains financial transactions such as purchases, receipts, sales, and payments on a regular basis. Accounting is more subjective, delivering financial insights based on information gathered from accounting data to business owners.
In the case of cloud accounting, you keep your business books online. That includes records of income and expenses, and assets and liabilities. The information is encrypted, much like a bank’s, so only people with the login can view the data.
Many organizations might not maintain proper books of accounts at the starting point of their business. But later they realize importance of maintaining proper books of accounts. Backlog updating is the process of updating the books of accounts from the date of incorporation of the company till date
A financial audit is an objective examination and evaluation of the financial statements of an organization to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent.
Audits performed by outside parties are Called External Auditing
Internal auditors are employed by the company or organization for whom they are performing an audit, and the resulting audit report is given directly to management and the board of directors.
Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses.Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions.
UAE CT will apply to all UAE businesses and commercial activities alike, except for the extraction of natural resources, which will remain subject to Emirate level corporate taxation
The CT rates are:
The UAE CT regime will become effective for financial years starting on or after 1 June 2023
Examples:
The taxable income will be the accounting net profit of a business, after making adjustments for certain items to be specified under the UAE CT law
The accounting net profit of a business is the amount reported in the financial statements prepared in accordance with internationally acceptable accounting standards
Drop your details get our team will contact you within 24 hours
Our Representative will call you back and help you with your Queries
