Our Service Offering
Bookkeeping services
We can tailor a list of bookkeeping services that fit your business specific needs. With online Accounting software’s you can track the work status and information 24/7 from anywhere. Our services can include any or all of the normal bookkeeping tasks including:
- Day to Day Bookkeeping
- Receivable & Payable's Management
- Inventory Management
- Bank/ Credit Card Reconciliation
- Preparing Financial Statements
- Cash flow Budgeting
- MIS Reports
- Preparing and mailing sales invoices
- Recording general and adjusting journal entries
Popular Bookkeeping software’s we work on are: Quickbooks, Sage 50, Xero, Zoho Books, Tally etc.
401(K) Plan Audits
We offer assistance in audit of 401(K) plans such as Defined Contribution plans, Defined benefit Plans, Employee Share purchase plans etc. We can manage the entire 401(k) audit process from planning the audit to reporting. We can assist in the following areas:
- Review compliance with the plan document
- Selecting Samples for testing
- Eligibility Testing, Contribution Testing, etc.,
- Financial Statement Tie-outs etc
- Rollover Testing
- Distribution & Loan testing
- Controls Testing
- SOC 1 review of Custodian and Record keeper.
Fund Accounting & Administration
Fund administration primarily comprises two parts: fund accounting and the activities of registrar/transfer agent. We can assist in providing a range of services to Funds:
- Daily, weekly and monthly Net asset Value calculation (NAV)
- Processing Subscriptions/Redemption's out of a Fund
- Preparation of reports to shareholders
- Preparing Fund Financial Statements and audit liaison
- Settlement of daily purchases and sales of securities, ensuring collection of dividends and interests
- Calculation of Performance/Incentive fees and accruals
- Calculation of the fund’s income and expense accruals and the pricing of securities at current market value
- Maintaining share registers
- Reconciling investments with Investment Manager
- Pricing the portfolio of Fund
Payroll & Tax Return Services
We provide proficient high quality payroll services. Our services span end-to-end payroll accounting, tax administration and reporting services. Take advantage of our expertise and lighten routine administrative tasks. We can assist in the following areas:
- Our Team can run your Payroll Systems end to end
- Payroll tax returns
- Payroll reports
- Pay slips and annual statements
- Reporting and filing W2 and W4
- Filing US Tax returns like 1040's and Variants.
- Employee Expense reimbursement administration services
Payroll & Tax software’s we can use: QuickBooks Payroll, Zoho payroll, Genius, Webtel
UAE VAT
VAT has been implemented in the UAE from January 01, 2018. We are (and will be) actively following on every update about VAT released (and to be released) and thus will be able to assist you on the working of VAT and your requirements in this regard. Let us tackle this regulation and implement VAT into your business in the most hassle free manner. we can provide the following services:
- Advisory in relation to structuring of business modalities under VAT regime as per he UAE Federal Law
- Registration for VAT, Filing VAT Returns
- Liaising with the Tax Authorities for VAT related queries and audits
- Staff training & ERP System training in VAT
- Providing timely response to the queries related to VAT Decree Law
- VAT Internal Audits
Supporting External Audits
External Audits have become a rigorous task due to increased regulation and stringent laws across the world. We can help improve the quality and reduce the costs of external audits. We can assist in routine external audit tasks such as:
- Tie-out of financials,
- Rollforward of PY workpapers,
- Proof reading,
- Substantive Testing workpapers,
- Preparing Budgets, Tracking Time
- SOX controls testing
- Materiality calculations
- Financial analytics, etc.
Financial Analysis and management
We can assist in processing financial data to assess a company’s performance and make recommendations about how it can improve going forward. We can process/compile meaningful financial information for management decision making. To be more precise we can assist in the following areas:
- Analysis of Portfolio Structure
- Financial Ratio analysis and Leverage analysis
- Monitoring and Interpreting Cash Flows and predicting future Trends
- Working Capital requirement analysis
- Vertical and Horizontal Analysis
- Formulating Strategic and long term business plans
- Interpreting Financial Reports