Ethics Plus Public Accountants Providing the Whole Range of VAT Advisory Services
An industry leader in accounting sector in UAE has expanded its services in an effort to empower customers everything they need.
DUBAI, United Arab Emirates, Sept. 24, 2018 /PRNewswire-PRWeb/ -- Representatives with Dubai-based Ethics Plus Public Accountants said today that their clients have saved significant time and money by appointing a VAT advisory firm to manage VAT compliance activities.
"With the implementation of VAT in the United Arab Emirates, businesses will need to ready their systems and reporting processes to ensure it is able to meet its VAT compliance obligations. Over the last few months, we have helped many companies save on hefty penalties or at least defer them" said A.R. Ramachandran, Managing Partner of Ethics Plus Public Accountants, a company that has been serving its clients in U.A.E. since the year 1995.
Ethics Plus is a full service public accounting firm licensed in the Emirate of Dubai. The firm, according to Ramachandran, has a focused and talented accounts outsourcing team that works with SMEs and start-ups.
Ramachandran explained that Ethics Plus Public Accountants' approach to VAT Advisory Services includes Pre-Implementation Services with VAT Registration, Business Impact Analysis, VAT Implementation & Transitional Support; Post Implementation Services, which comes with Transaction Advisory, VAT Compliance, VAT Training, and VAT Accounting.
The firm's decision to offer the whole range of VAT Advisory Services has proven to have perfect timing due to Dubai's growth and ideal location for businesses. Although VAT should be straightforward, understanding the finer points of the rules and amending systems to comply with the legislative requirements can pose challenges. Registered businesses are required to file periodic VAT returns to the tax authorities reporting the VAT collected and paid during the course of its operations in the relevant tax period. In addition, penalties will apply in the event of non-compliance for non-filing of VAT returns, providing incorrect VAT returns, failing to pay VAT by due date, and failing to provide information requested by the tax authorities.
"Many businesses in the UAE are struggling to comply with VAT. We can provide businesses with everything they need to ensure they're 100 percent in compliance," Ramachandran stressed, before pointing to the fact that Ethics Plus, which is affiliated with INPACT Global., UK, an international group of accounting firms, spread across 60 countries with over 150 affiliate offices worldwide, provides a variety of accounting services. Those services include audit and assurance, accounting and compilation, VAT (Value Added Tax), and a variety of advisory services, such as business valuation, CFO services, credit and working capital management, and more.
"We invite all businesses in the UAE to contact us and take advantage of our whole range of VAT Advisory Services," Ramachandran said. "Our accountants have plenty of experience and the team is eager to work with more clients, because it is essential that each business consider a robust plan for VAT compliance and have the right systems and procedures in place to ensure compliance with the VAT laws and regulations."
For more information, please visit https://ethicsplusuae.com/why-ethics-plus/ and https://ethicsplusuae.com/history/
About Ethics Plus Public Accountants
Ethics Plus is a medium sized accounting practice founded in Dubai in 1995. Our high quality professional audit, accountancy, business development and advisory services form the foundation of our practice. From these foundations, we make sure we add value to everything we do. Our clients represent virtually every field of business, industry, the professions, the arts and entertainment world.
Contact Details:
A.R. Ramachandran
Al Diyafa Shopping Complex, Suite No. 108, Mezzanine Floor
Al Diyafa, Dubai, UAE
Phone: +971 4 3451522
Source: Ethics Plus Public Accountants
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SOURCE Ethics Plus Public Accountants
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