Until fairly recently, business in the UAE have had no real requirement in terms of how they managed their accounting records. However, with the advent of recent changes in the Commercial Companies Law and Value Added Tax (VAT) in the region, the UAE government and Federal Tax Authority (FTA) have laid down clear rules about maintenance of business accounts and financial details and compliance with International Financial Reporting Standards. Whether it is new businesses or existing ones, all are having to make a shift towards an organised way of maintaining records and reporting thereof.
Given the recent changes, outsourcing of accounting and bookkeeping services has emerged as a business practice benefiting a wide variety of organisations. Outsourcing offers a huge array of advantages to businesses, opportunity to work with experts in the field, saving on headcount, etc. being just a few salient ones.
At PKF, we aim at providing a reliable accounting and financial support service using the latest available technology. We have well qualified and experienced accounting professionals who are abreast of ever-changing accounting requirements. We assign the required time to understand your business in depth and believe in providing relevant and timely information to enable business owners and management to make informed decisions at the right time. The MIS reports that we share are crisp, user friendly and customised to the needs of various internal and external stakeholders of the company.
Designated Non-Financial Business and Professionals (DNFBP) registration with the Dubai Financial Services Authority (DFSA) and firm registration with the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets(ADGM) enables us to extend this value-add service to DIFC and DFSA registered companies.