Portfolio
VAT Training Services
Ally Accounting & Auditing offers advice and guidance on UAE VAT laws and regulations, ensuring the business understands its obligations. In additional our services include, such as assisting with VAT return preparation, advising on VAT accounting and record-keeping, or providing training on VAT compliance.
Vat Deregistration
However, there may be circumstances when a business needs to be unregistered for VAT. For example, a business may want or be required to deregister if it ceases to trade, or if its taxable turnover drops below the VAT registration threshold.
The process of VAT deregistration often involves notifying the appropriate tax authorities and providing the necessary documents to prove that the business is eligible for deregistration.
Ally Accounting & Auditing assists businesses with the process…
Excise or Custom Tax Registration
Excise duty: This is often imposed on goods that are considered harmful or potentially harmful to human health or the environment. Common examples include tobacco products, alcoholic beverages, and certain energy-dense foods or drinks. To collect this tax, businesses producing, importing or selling such goods are usually required to register with the Federal Tax Authority.
Customs Duty: It is a type of tax that is levied on goods imported into a country. The rate of…
Internal auditing
Internal auditing is a critical function within an organization. It provides an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Ally Accounting and Auditing is giving you error free snapshot of a company’s financial health and underlying value that helps the manager…
Corporate Tax
United Arab Emirates (UAE) has introduced corporate income tax, effective from June 1, 2023; hence, the first tax period will be June 20, 2023, to May 31, 2024. The return filling due date for the same will be February 28, 2025.
Corporate Tax in UAE:
The UAE Ministry of Finance has introduced Corporate Tax, a direct tax imposed on the net income of corporations and other businesses, on 9th December 2022 and this is going to…
Risk Advisory Services
Risk Advisory Services encompass a wide range of services that help businesses identify, manage, and mitigate risks that could impact their performance, reputation, and financial stability. Our goal is to help organizations understand their risk landscape and develop effective strategies to manage those risks.
Business Valuation
This involves calculating a business’s value based on the values of its assets minus its liabilities. There are various methods to use within this approach, including the Going Concern method and the Liquidation Value method.
When we are providing business valuation services,our professionals also consider other factors, such as the company’s management, its capital structure, its future earnings prospects, the market value of similar companies, and the company’s market share in its industry.
In addition, our…
Operational Audit
Our professionals analyze a business’s operations and provide feedback on efficiency and effectiveness. Unlike financial audits, which focus primarily on financial records, operational audits take a more holistic view of the business, examining how well different areas of the operation are working together to achieve the company’s objectives.
Financial Statement Audit
Our main goal of a financial statement audit is to provide an independent opinion on whether the financial statements of an entity are presented fairly in all material respects, in accordance with an applicable financial reporting framework such as the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
Our professionals identify and address financial reporting issues, improve their internal controls, and reduce financial risk. We also assured that the financial information provided…
ABOUT US
Ally Accounting & Auditing is a premier professional service firm offering specialized accounting and auditing services. We pride ourselves on delivering accurate, efficient, and personalized financial solutions to businesses and individuals alike. Our team of experienced professionals has been helping businesses of all sizes with their financial needs.
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