• accounting
• 2022-12-21
• Mr. Wassem

Top 6 Big Accounting Firms In United Arab Emirates

Accounting and finance is a crucial part for your business and but why should we consider having one for your business growth is a vital question all together. 

Why Accounting Firm Important For Your Business?

1. One major benefit is the time they’ll save you. First of all, as the owner or CEO of a firm, you already have a great deal of responsibility. So, you can’t afford to waste time, and effective time management is crucial. It might take a lot of time if you don’t know what you’re doing when it comes to managing finances and keeping track of costs. In this case, the services of an accounting firm like ATS Accounting can be invaluable, as they can handle all of your company’s financial needs. Knowing that your financial matters are being handled by professionals frees up a lot of your time, in addition to easing your mind.
   
   
2. It might take a lot of time and effort for a new business owner to understand everything there is to know about taxes, returns, and exemptions. Therefore, it is recommended that you seek the services of a professional accounting firm. Experts in the field, they will know how to minimise your tax liability in Edmonton, Alberta. In addition, preparing taxes and tax returns is a time-consuming process, and the accounting firm can provide you with such services in a more streamlined, orderly fashion without missing any crucial details.
   
   
3. Accounting firms can help you save money in more ways than one, not just on taxes. Due to their high client turnover rate, they are well aware of the most costly blunders to avoid. They offer services to assist you keep track of your money and avoid making these common accounting mistakes, as well as to examine your financial records and offer cost-cutting recommendations based on what they discover. In addition, they protect your business against fraud and misunderstandings by keeping a close check on all financial dealings.
   
   
4. As your company expands, it will inevitably accrue a large number of monetary obligations to a wide range of customers and business associates. This is a difficult job that typically runs behind schedule, which can be detrimental to your company’s image. In this case, accounting firms can take over the responsibility of making these payments, putting into motion the most effective procedures to ensure they are made on time, tracked, and that no delays occur.
   
   
5. Avoiding legal trouble is reason. When operating a business, you must adhere to a wide variety of rules and regulations. A violation of such regulations can result in monetary fines and, worst case, the suspension or revocation of your business licence. Here, an accounting firm can play the role of advisor, helping you stay on the right side of the law in terms of your finances. Since they also meticulously record all payments and transactions, they can provide you with evidence and facts to support your claims in the event of a legal disagreement.

Top 6 Big Accounting Firms In Dubai - UAE

1) Deloitte:- The firm's auditing, tax preparation, risk management, and financial counselling services have earned it a stellar reputation in Dubai and abroad. In addition to being one of the Big Four, this firm is also highly regarded for its positive attitude toward its employees. There are currently about 225,000 people working for them. Because of their significant experience auditing the financial data of multinational organisations, clients all around the world put their faith in them.

2) Risians Accounting:- From medium and small businesses can turn to Risians Accounting & Auditing Solutions for guidance on topics including risk management, turnaround strategies, and growth. Customers come from a variety of industries and work environments, which the organisation readily accommodates.

3) Ernst & Young:- Then there's EY, who are well-versed in international business and are frequently ranked among the world's greatest places to work and the top four largest corporations. Auditing, tax preparation, guidance, and business transactions are all services that can be obtained. At EY, we treat our clients like they're the most important people in the world, and we take great satisfaction in being trustworthy and upfront in everything we do. Employees come from all walks of life and cultural backgrounds, but share a dedication to doing honest, quality work. Because of its global presence, it comes as no surprise that EY generates more than $35 billion in annual sales.

4) BDO:- It helps its customers conduct business all around the world, resulting in about $10 billion in annual revenue from client accounts. For their customers, they provide a service that is both proactive and flexible, allowing them to solve any issue that may arise. BDO is able to help clients in 165 different countries thanks to their presence on all seven continents. They promised their clients will receive excellent service.

5) Grant Thornton:- The corporate community has always held this accounting firm in high respect for its auditing, tax preparation, and professional accounting services. Since its founding, the company has worked with a diverse range of industries, providing specialised support for each. 

6) KPMG:- KMPG is another reliable and trustworthy auditing service provider. It manages and provides audits, local and international taxation, assurance, consultation, and advisory services, and it works in 155 different countries. In this way, time and resources are conserved by having access to the most frequently used services in one convenient spot. Customer spending generates $30 billion annually.

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