Friday, 26 November 2021

Crucial outlook of VAT compliance

 Rapid changes in business activities around the world and updated legal formality have made VAT registration challenging. Correct information reporting and also transparency while staying current on VAT compliance has to be met with a limited amount of time.

A taxpayer should update or amend the Federal Tax Authority (FTA) on any circumstance which has a direct impact on the records kept by FTA that was given during the initial registration period, and that too within the timeframe set by FTA.

Few circumstances that don’t need approval from FTA are:

  • GCC activities
  • Customs registration information
  • Business activities

But some amendments need approval from FTA. In this case, you can hire us to get help with the process. We are one of the best accounting firms in UAE.

We have highly experienced and approved auditors in Dubai. They will make VAT registration in Dubai seamless concerning the fields that need FTA’s approval and some restricted fields as well.

Our team has VAT compliance experts who will help you prepare and execute VAT registration amendments with the best accounting software with VAT. We offer a wide range of accounting services in Dubai as well.

Monday, 15 November 2021

5 Golden Reasons for You to Become a Business Consultant

 You may have heard about business consultancy many times and, therefore, you have been wondering if being a business consultant would be a good option to put yourself back in the job market. Perhaps you are thinking that this is not the best time to invest in  a  consulting career , after all, we are still in a time of crisis. However, this area has been identified as one of the most successful in the business world.

The reason for this success is the fact that large companies that are fundamental to the economy, such as banks, industries and commerce, use this service on a daily basis to increase their capital and expand their businesses.

The assistance of a business consultant has been shown to be fundamental for companies, NGOs (Non-Governmental Organizations) and even public entities to achieve their strategic objectives and improve their operations. In other words, the market is increasingly dependent on consulting services and this is the best time for you to specialize and start providing the service.

Do you still have doubts if this is the best way? Check out our 5 golden reasons for you to become a business consultant.


What are the activities of a Business Consultant in UAE?

The consultant is a person who works from ideas. In addition to the skills related to the analysis and processing of numbers and the ability to observe the business, finding positive and negative points in the operation, the professional must be passionate about ideas and work so that they take shape and make a difference in the life of the company. and its collaborators.

The work is done constantly in teams with the aim of solving the greatest possible number of customer problems. This task may involve cutting costs, process efficiency, new markets and many other possibilities. The duration of the projects may vary and they are usually carried out at the client's company headquarters.

The consultant is always surrounded by people and works at all times as a team, so it is necessary that the professional has a profile that fits these relationship needs.

The first phase of the project is called diagnosis and is a more analytical phase. It is necessary to understand the client, ask the right questions, analyze reports and observe the day-to-day of the company to understand what is already done and how the consultant can reach the desired goals.

In the second phase, a strategic plan is drawn up so that the business can leave the situation in which it finds itself and achieve the desired scenario. It is very important that the customer is within the entire strategic process, as he is the one who knows the business best.

 

What is the importance of business consulting?

The business consultancy activity is an exchange relationship between the organization and the professional, aiming at an objective or the formulation of  solutions  to problems. Choosing a good consultancy is the best way for the company to count on the support of highly trained professionals with experience in the market.

The consultant will assist in making strategic decisions and will find the best way to obtain results. That is why the career of a consultant is so important, even in times of crisis.

 


What are the main reasons for you to become a consultant?

If you are still unsure about becoming a business consultant, we will list some golden reasons for you to put this idea into practice.

1. You will be able to choose your area of ​​expertise

There is no point in accumulating diverse knowledge over the years and not putting it into practice. As a consultant, you will be able to work with the area you love and specialize in. This is one of the few professions that makes this choice possible.

It is important to observe the behavior of more experienced professionals in the chosen area, so as to seek maximum professional qualification to make your environment more organic.

2. You will own your own business

Being a business consultant you can make your own schedule, obtaining greater flexibility and flexibility in the agenda. This will allow you to set aside more time for your family and the things that are important to you.

The routine of a successful consultant allows the professional to be free to choose his clients and determine his work routine.

3. You don't need physical infrastructure

To start a consulting business, you do not need to make a large investment in physical infrastructure or even in employees. The  cost s  to start work in the field are basic and downs.

It will only be necessary that you are committed and have the necessary knowledge to  sell  your project and apply it to your client's business.

4. You can help companies achieve results

After years of study, in addition to being able to put your knowledge into practice, you can still help hundreds of people and companies to achieve their goals and achieve the best results.

Helping a company to restructure itself  financially  is priceless. In addition to the owners of the organization, you will also help families that depend on this business.

5. You will have a great financial return

In addition to flexibility and freedom, as a business consultant, you will  earn more  than you would if you were a formal worker.

Everything will depend on your performance and results. By providing consulting services, you will be much more valued and your value / hour will multiply.

When pricing your work, remember to consider all expenses, such as phone, travel, internet, food and parking. If your customers are in different cities, you will need to travel frequently, so it is important to take these expenses into account.

Now that you know what the activities of a business consultancy are, their importance and what are the golden reasons for becoming a business consultant, you probably already understand why the area is growing more and more, despite the crisis.

 

Read also: Are you looking for Auditors in Dubai

 

Do you feel that this is the opportunity that was missing to seek your replacement in the market? Are you ready to start your journey? If you have any doubts about your career as a consultant, please  contact us  so that we can help you take this step in search of success.

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