The introduction of the taxation system by the FTA-Federal Tax Authority played a vital role in expanding business in UAE. FTA UAE has initiated the registration process for tax agents.
In this blog, let us discuss in detail the tax firms in Dubai.
What does a tax consultant UAE do?
Tax consultants assist clients with various tax-related issues. Mostly, tax consultants make sure that the clients obey all the tax rules and regulations. Tax consultants are experts who help individuals and firms neglect and cut tax liabilities. They help the companies to decrease their taxable income and by taking advantage of all the adjustments, tax credits, etc. Many tax consultants are specialized in particular tax areas. Whereas, other tax consultants assist in general tax-related activities.
They prepare tax returns for clients and provide them information about their tax returns too. Accounting firms in Dubai provide strong support to companies in the UAE.
Responsibilities of a tax consultant:
Tax consultant jobs are not as easy as we think. There are so many responsibilities for a tax consultant. Let us see some of them.
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Preparation of Tax Returns:
Tax consultants prepare and assist clients in tax returns. Tax returns may vary from simple to complex ones.
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Determine the detail of taxes owed:
Tax consultants determine how much their clients owe their taxes. Also, they let the clients know how much the clients overpay their taxes. Tax consultants use technologies and advanced methods to calculate tax amounts owed by clients or firms.
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Collects Information:
Tax consultants collect all the relevant information about their related matters. Some of them include clients’ taxable income, allowances, and other expenses. It makes the process of tax returns easier.
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Technology:
Entrepreneurs need professionals to handle all tax-related activities. These may include the working of accounting software and other software related to this. Tax consultants should know how to use all these tax preparation and financial analysis software.
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Passing on information to Clients:
The main reason why clients and companies hire VAT companies in Dubai is to gather information. Tax consultants will collect all the related information on tax and pass it onto their clients. Tax consultants must also be capable of explaining state and federal tax laws to individuals and organizations.
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Understanding tax rules and regulations:
As we all know, tax codes change now and then. Tax consultants are capable of continuously updating their knowledge. It ensures giving clients accurate and proper information. It includes taking professional development courses, active membership with tax consultant professional groups, etc.
KGRN is one of the top legal platforms to rely on. In the list of top VAT consultants in UAE, KGRN provides satisfactory services.
Related Information
For enquiries, call +971 45 570 204 / E-mail: [email protected]
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