Services

Tax Audit

Tax audit is one of the most essential arms of the auditing process. It is the official taxation statement of the organisation (taxpayer) for periodic tax returns by the tax department. The tax returns are filed by the taxpayer after carefully scrutinizing the standard expenditures and earnings of the company/organisation in accordance with the tax law of the particular country or province. Exemplary Tax advisory and tax filing is one of the living and breathing concepts of the financial advisory Dubai that can elevate a company’s turnover overnight as well as bring back a debt-ridden company to its feet.

Accounting & Data Posting

Since accounting involves the designing and presentation of the number flow in the company habitat, it is a given understanding that each accounting and data posting schematics will vary for different clients. The EXL Auditing genuinely considers this while dealing with the deluge of clients. Data Posting appeases in depth the assorted aspects of accounting that deals with transactions in areas of payable accounts, office supplies, inventories, etc. Almost, all data posting is computerized now and it requires the efficiency of the bookkeeper or entry person to take into account the numbers for each and every action of a day with zero errors. Balancing of sub-ledgers into the main ledger is the prime objective of data posting wherein the computerized data postings incorporate two key features of accurate data entry in monetary terms followed by exact correspondence of the monetary value to the said debit and credit sides.

Accounting Software Solutions & Training

Accommodating the knowledge of proper accounting softwares and IT tools is another fundamental requirement by any Audit firm Dubai that aims to provide its clients with the best of financial services audit Dubai. Learning to be on the forefront of the IT world and its updates is what the EXL Auditing team burgeons for. Our team is equipped with the latest and most reliable softwares of Quickbooks Accounting Software, SAGE ERP, Tally ERP, SAP ERP, ZOHO, etc. to provide our clients with the best knowledge of their flowing ones and zeros along with the best presentation of that flow for elegant auditing process.

EXL Auditing understands the need to pace up with the dynamo of the finance sectors and the need to be constantly updated with the latest accounting tools and softwares, thus, we also take pride in providing the training sessions in accounting software to the zealous clients.

Monthly Financial Reporting

Maintaining a fully fledged financial report riddled with numbers and symbols could seem quite tedious to some folks, a monthly maintenance of finances could be a plot for nightmares. The financial advisory Dubai understands the complexities of numbers and reports and also pays heed to the idea that the company executives aspire to be in the field of expansion and prefer to stay mentally invested in the company’s evolution.

Monthly finance reports allows the company leaders to keep a track of the company’s daily activities and the corresponding resources invested in it. Depending upon the complexity and development level of an organisation, the monthly report could include a plethora of essential data but the three prerequisites (i) income statement; (ii) ledger balance; and (iii) cash outflow, remain same. EXL auditing offers its expertise in management services by providing its clients with an array of options to maintain monthly financial reports that elucidates the day-in and day-out flow of company resources.

Monthly Review of Accounting System

The accounting system is a neat representation of the cash-in and cash-out design with the inclusion of necessary expenditures and profits. Monthly account review is conducted by, first of all, assigning a reviewer (generally internal) followed by provision of all the books and ledgers with accurate daily entries. Another important aspect of it is to resolve the prior month’s errors and present a rectified data for further processing.

The reviewer is responsible to check that all the transactions are:

• In accordance with the purpose of the respective account
• Following the regulation protocols of the said account
• Correctly entered in monetary terms
• Properly classified for the corresponding accounts
• Full-proofed with legitimate documents and receipts

Liquidation of DED

VIn Dubai, liquidation of a firm requires a high level expertise and professionalism. It is a long tedious procedure. Majority of the members of the firm must support the process of liquidation.

Liquidation of a firm in the UAE requires the approval of the DED, Economic Department. Before filing for the liquidation of the firm it is important to ensure that the trade license of the company is renewed else DED has the right to fine the company with AED 200 per day for the expired license.

Free Zone Liquidation

For the liquidation of the company in the free zone of the UAE, it is required that the company doesn’t have any liability, existing visa must be canceled, accounts in the corporate banks must be closed, fees and charges applicable to the free zone authority must be cleared, immigration clearance should be obtained, the company must hire a licensed liquidator to cater the procedure.

We at EXL Auditing bear the responsibility to smoothly cater the last procedures and get the liquidation of the company in free zones done.

Legal & Court Liquidation

It is required that all the legal pending liability of the company undergoing liquidation be completed before filing for it. We ensure the clearance of legal and court proceedings before filing for the liquidation of the firm. There must not be any pending legal cases against the firm.

DED Limited (Liability Company)

Limited liability Company or LLC are the standard type in the mainland UAE. They are also licensed by DED which is responsible for the kind of economic activity the firm may operate. In order to form a LLC in UAE, the company must have its 51% of share on the name of a UAE national at least. EXL Auditing makes the paperwork and documentation for the registration of the firm easy. Our experts handle the entire procedure smoothly, omitting the oscillation to correct the changes over and over again.

DED Sole Establishment & Ownership

An establishment is the firm owned by a single individual with the trademark being registered on his or her name. Company needs a UAE national service agent or the company itself should be owned by a UAE national in order to be registered as an establishment. EXL Auditing facilitates the service to the offshore and native companies to get registered as an establishment and have sole proprietorship. Even the establishments come under the supervision of the Department of Economic Development.