Business owners and managers often rely on accuracy of their financial numbers when they have to take a business decision. Which means there is a heavy reliance on the part of accountants or admins who play a crucial role in a typical organization, be it a SME or an Enterprise sector company or a proprietary ownership concern to provide the right information and gauge the accuracy in its business activity.
Accounting and bookkeeping play a vital role in the development of an organization, which can help in understanding the financial performance and financial position of the organization any given time. The professional expertise and vast knowledge resource of Spectrum helps any business in leveraging it to their advantage.
Our motto is to add value in addition to our expected services while maintaining relevant and required independence and integrity as core values.
Our approach to clients is partner with organization’s objectives, understand entity, industry and size.
We are flexible in order to suit the organization needs and yet perform procedures to the highest quality standards.
Today's business processes have become more dynamic and agile resulting in findings based on specified procedures. We offer subject matter expertise as required specifically by the clients.
Spectrum offers end-to-end accounting and audit services, simplifying its client’s life by adopting to the emerging practices to provide its clients complete solutions. We specialize in a spectrum of services including Accounting, Auditing,Value Added Tax (VAT), Economic Substance Regulations (ESR), Mergers and Acquisitions (M&A), Company Formation and Liquidation, Country by Country Reporting (CbCR) and Business Advisory Services and other business services. Our magnitude of experience, competence and reputation makes us a distinctive world-class accounting service provider.Call us today for a free consultation.
Accounting firms in Dubai typically offer a wide range of services, including bookkeeping, tax advisory, internal and external audit services, financial reporting, due diligence, payroll services, VAT compliance, and business advisory services.
Yes, accounting firms in Dubai are regulated by several bodies depending on their specific functions. The Ministry of Economy oversees auditing activities, while the Federal Tax Authority governs tax-related matters. For services related to the financial markets, firms may also be regulated by the Dubai Financial Services Authority.
Yes, most accounting firms in Dubai offer VAT registration and compliance services. They can assist with the initial registration process, quarterly filing of VAT returns, and maintaining records in compliance with UAE VAT laws.
Absolutely, accounting firms in Dubai are well-equipped to help foreigners establish businesses. They can assist with understanding local business regulations, setting up financial systems, and managing ongoing accounting needs.
An accounting firm can provide valuable insights into your financial operations. They can help with budget planning, cash flow management, tax optimization, and identifying areas for cost reduction. They can also prepare detailed financial reports to assist with decision making.
Yes, many accounting firms in Dubai offer services to international clients. With their understanding of global financial regulations and standards, they can provide services such as international tax advisory, cross-border transactions, and accounting for businesses operating in multiple countries.
Consider factors such as the firm's reputation, the range of services they offer, their knowledge of your industry, and their ability to provide personalized services. It's also crucial to ensure that the firm has the necessary certifications and complies with local regulations.
Yes, many internationally recognized accounting firms, including the "Big Four" (Deloitte, EY, KPMG, and PwC), have offices in Dubai.
The pricing can vary depending on the complexity of the work and the reputation of the firm. Some firms charge on an hourly basis, while others may offer a fixed price for certain services. It's always best to discuss pricing structures and get a quote before engaging their services.
Yes, given the cosmopolitan nature of Dubai, most accounting firms are able to provide services in English. Many of them can also provide services in other languages, including Arabic, Hindi, and more.
Yes, Businesses such as Limited Liability Companies (LLCs), Joint Stock Companies, and other corporate entities are typically required to keep accounting records. These records must be kept for a specified period as per the regulations, generally five years as per VAT Law and Seven years as per Corporate Tax Law.
Yes, maintaining proper books of accounts offers several benefits for businesses. Some of the key advantages include: a. Compliance with Law b. Financial Transparency c. Better Financial management d. Tax Compliance e. Business analysis and planning f. Easier Access to Financing g. Facilitating Audit
No, generally, firms will be charged based on the working hours they spent, which in it could be a one-stop solution for everything, whereas if we hire in house accountant, still management need to approach accounting firms for compliance matters