News headline 1 : : The UAE's Ministry of Finance has listed out a number of entities that are not required to register for Corporate Tax. News headline 2 : : The ministerial decision on the Exception from Tax Registration will apply to government and government-controlled entities, extractive businesses, and non-extractive natural resource businesses. News headline 3 : : Additionally, a non-resident person will not be required to register for Corporate Tax if they earn only UAE-sourced income and do not have a Permanent Establishment in the UAE. News headline 4 : : Meanwhile, federal government, UAE government departments and authorities, and other public institutions, do not require to register under Federal Tax Authority as long as they continue to meet the conditions for tax exemption. News headline 5 : : Federal Tax Authority ramps up its efforts by expanding inspection visits by 104% in six months. News headline 6 : : Dubai Financial Services Authority Introduces Whistleblowing Regime News headline 7 : : Big update on UAE Corporate Tax. News headline 8 : : Regular Auditing and maintaining accounts have a greater contribution towards the successful running of a business. The lack of proper books of accounts and regular auditing often results in the business owners continuing to run the venture with the impression that it is going on profitably, while it might be running in loss. The realization comes late and the resultant damages are often irreplaceable. This is where a pragmatic approach to External Auditing services in UAE becomes inevitable. Every business needs the service of professionally qualified and experienced External Auditors in UAE to look into their accounting activities.

whatsapp

4 Things to Consider When Hiring an Accountant in Dubai

  • Home
  • Blog
  • 4 Things to Consider When Hiring an Accountant in Dubai

It’s extremely important for any business owner or general entrepreneur to have a reliable accountant on their side working for their company’s best interests and making sure you see to your fiscal limits and overall potential on a regular basis. This kind of advice is vital to the success of any business, and understanding what the market’s limitations are and have you can find ways around certain problems is just a small part of what accountants offer to businesses.

There’s no doubt about it that it takes a lot of time and an overall commitment when you hire an accountant, so it’s really important to make sure you are teaming up with the accountant that is best suited for you and your company. We’re very lucky to have teamed up with a Certified Public Accountant in Dubai to collaborate with us on this list of the four things you should consider when it comes to hiring an accountant, and by looking through this list you’ll be much more prepared to make the right hiring decision.

4-things-to-consider-when-hiring-an-accountant-in-dubai
 

Experience is Key

The very best Accountants are going to be able to prove to you that they have had ample experience helping companies in your field and are a special expert in your desired field of accounting. Making sure your accountant is a specialist in your field is key, but they at the very least should have experience with similar companies. It’s probably best to not hire a general Accountant because you’ll want someone who knows the operational requirements of your company.

 

Helpful, friendly advice

Accountants are all about giving out advice, and the ways in which accountants give advice is a really big aspect of their job. You should always work with an accountant who makes it easy to keep records of what their advice is so you are kept in the loop and won’t forget their advice later on. Getting advice in terms of strengthening your operations is a major part of what Accountants do, and they should understand how to provide this kind of information in-depth and give you the advice you truly deserve.

 

Service Levels

All Accountants are going to be a little bit different in terms of the services they provide their clients, so you should always know beforehand while you’re making your hiring decisions as to what each Certified Public Accountant does in terms of their services. You could need bookkeeping services, and in that case you could require full-service accountants. If you are in need of more specific tasks you can find more specialized accountants to support you. What this pretty much comes down to is your own level of accounting expertise. If you are experienced and comfortable conducting some parts of accounting then you can make a hiring decision with this information in mind, and vice versa if you know nothing about accounting.

 

Understanding Goals

Probably one of the biggest things to consider when hiring an accountant is that you are going to want someone who understands where you are trying to go with your company and the overall ambitions you have as a business owner. Your accountant should know what you bring to the table and why you need their help, and how you can set company goals in terms of financial performance for years to come. These types of discussions will not only bring you to the right hiring option, but it can also lay out the blueprint for your company to fulfil its intended potential, and the best way to achieve your company’s potential almost always will go right through the empowerment an Accountant can provide in terms of fiscal intelligence.