Understanding the Role of Accounting Service Providers in the UAE

Vimal kutty

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HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 56 147 0259
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

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    Think back to the headlines that shook the financial world, incidents that led to significant fines and repercussions. These incidents serve as an alarming signal that even the biggest names in finance are prone to mistakes. In this evolving financial landscape of UAE, precision isn’t merely a preference; it’s a fundamental requirement. With the UAE’s GDP soaring to an impressive growth in the global economic arena, the importance of maintaining financial integrity cannot be overstated.

    Within this bustling economic ecosystem, accounting service providers in the UAE emerge as vital allies, playing a pivotal role in safeguarding financial stability.

    Accounting Service Providers in the UAE

    The United Arab Emirates (UAE) has emerged as a global hub for business and investment, offering a strategic location, favourable economic policies, and a business-friendly environment. With a rapidly growing economy, the UAE attracts entrepreneurs, multinational corporations, and investors from around the world.

    As these entities establish and expand their operations in the UAE, the demand for professional accounting services has also surged. It is where HLB HAMT accounting services step ahead. Whether you are an established business or a budding startup, our team of accounting professionals is here to cater to all your accounting needs.

    Key Functions of Accounting Service Providers

    • Financial Reporting and Compliance

      Accounting service providers assists and guide businesses in preparing accurate financial statements as per IFRS standards, CFO services, accounts payable outsourcing and bookkeeping services.

    • Taxation

      The UAE has undergone significant changes in its taxation regime, including the introduction of corporate tax and economic substance regulations. Accounting service providers help businesses understand their tax obligations, calculate VAT liabilities, transfer pricing and assisting corporate tax compliance.

    • Audit and Assurance

      Auditing is crucial for maintaining transparency and credibility of a business. Accounting service providers can offer comprehensive audit and assurance services to ensure that a company’s financial statements are accurate and trustworthy.

    • Business Advisory

      Beyond compliance, accounting service providers offer valuable insights and advisory services. They assist businesses in financial planning, budgeting, forecasting, and risk management, helping clients make informed strategic decisions.

    • Company Formation

      For businesses entering the UAE market, accounting service providers can guide them through the process of Dubai company formation across various jurisdictions, including choosing the appropriate legal structure and obtaining necessary licenses.

    • Payroll Services

      Managing payroll in compliance with local labour laws is essential for any business with employees. Accounting service providers can handle payroll processing, ensuring accurate salary calculations, and social security contributions.

    Shaping the Financial Canvas of the UAE: Accounting Service Providers

    In the dynamic business environment of the UAE, accounting service providers serve as indispensable partners for companies aiming to succeed and thrive. From financial reporting to compliance, taxation, and strategic advisory, their multifaceted roles contribute to the overall growth and sustainability of businesses.

    As the UAE continues to attract global investment, the demand for professional accounting services will only continue to rise, reinforcing the pivotal role that these service providers play in the nation’s economic landscape.

    Choose HLB HAMT for your Accounts Outsourcing Needs!

    At HLB HAMT, with our comprehensive suite of services, including taxation, auditing, and business consulting, we are committed to ensuring your financial well-being while keeping you compliant with local regulations.

    Our expertise with a deep understanding of international standards ensures that your financial data is accurate, transparent, and ready for strategic decision-making. Partner with HLB HAMT and experience the peace of mind from knowing your financials are in capable hands.

    Call our experts at +971 4 327 7775 or email dubai@hlbhamt.com to schedule a meeting.

     

     

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    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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