— Posted in Business
Looking For A Top Auditor? Read This First
Are you worried about the accounts and taxation of your company and want to sort things out? If so, you are not the only one in UAE. These days, almost all companies are in the hunt for professional tax analysts for one reason or another. At the same time, those entities who still don’t have hired the services of auditors in UAE and making big efforts to do so as soon as possible. Keep in mind that finding the right expert especially when it comes to auditing and VAT taxation. If you own a business in UAE and are earning more than Dh 375,000, registering for VAT is a must for you. As for businesses earning around Dh 187,500 or less, it is not mandatory for them to register with VAT. They can if they want to, but have the freedom not to do so if they find it difficult. Here, your tax consultant as well as auditor will help you understand the technical nature of both:
Why Hire An Auditor
The moment you differentiate between a value added tax consultant and an auditor, you will learn the true worth of both. They’ll both serve your business well and will ensure that it stays on its feet. However, you must keep one thing in mind that an auditor will almost always help rescue your company no matter how many odds it is fighting against. This may or may not be the case with the VAT consultant. Off course, the first to note here is whether your business earns as much revenue as it needs to qualify as a mandatory payer. The auditor will not only let your company settle down, he will also allow the company to stand on its feet. The auditor will scrutinize the accounts and financial statements and pick out any mistakes in them. This is not the case with the VAT consultant. Keep in mind that both experts belong to different categories. Your company accounts will stay in a much better shape once you hire an auditor. Similarly, the company will become a regular member of VAT payees. Your VAT consultancy in UAE will help you join the elite club of companies that do so.
By paying a specific amount on the commodities produced, you get the privilege to join the club. However, this is not mandatory and you will only be welcomed so long as you keep paying the tax.