The Role of a Tax Consultant for a Business Organisation

A tax consultant is a tax adviser who helps businesses with tax filling, tax returns and all other things related to it and accounting. Tax consultants UAE who are certified in law and accounting procedures can help you managing taxes and cash flow of your business. As they are expert with hands on the best practices and legal procedures, they help you save time and prevent hassles that you often face filling taxes.

What does a tax consultant can do for your business?

The role of a tax consultant has to play for your business largely depends on various things such as the need and size of your business. Given the competition that prevails in the market today, every penny you save needs to be reinvested. And this, sometimes, can be hard for you to manage all things crucial, causing the need to hire a financial advisor to help with them. A financial advisor can help you not only save a lot of money by providing the correct information about deductions as well as applicable tax credits but also help you reinvest what you save from tax returns. 

tax consultant UAE

So when you hire a tax consultant in the UAE, make sure you choose the one who has:
  • Sufficient Experience: It is crucial that that the consultant you hire is experienced and has hands on the best practices used in tax management. You can realise the benefits you will get at the very time you talk with an experienced tax consultant who can help make clear your confusions regarding tax matters, and the chances of any sort of legal disputes disappear.
  • Have Expertise in a Wide Range of Services: A good tax consultant is the one who have expertise in a host of tax related services such as GST and Tax Services, which include Preparation of tax returns for partnerships, individuals, companies and trusts, Preparation of Business Activity Statements both monthly and quarterly for GST, Professional advice, Bookkeeping using the best of accounting tools like MYOB and Quicken. In addition, they also help you prepare monthly financial reports, deal with Debtors and Creditors, prepare the company minutes, do auditing of sporting associations,  solicitors, and  real estate accounts. They also provide financial services such as assistance for getting home loan, commercial loan, debt financing, and invoice factoring.
Now you better know the role of a tax consultant and how to hire the one. However, as there are a host of tax consultants in the UAE, you should do anything that can help you can get the right tax consultant for your business.


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