There has recently been a lot of demand for consultancies across Dubai for Audit services in UAE and Excise Consultancy. There are a lot of place and way by which you can get your work done. But always remember that you must make sure to clarify. If the source from which you are getting your work done is trustworthy or not.
Nowadays, a lot of consultancy firms have started to provide tasks to their clients after the deadline. Because they do the work of such clients in their free time. We at Forthright Consultancy make sure to give enough office hours for our client’s work. We make sure that all of our employees complete the tasks on or before the deadline provided by the client.
Supreme Consultancy In Dubai
Our services have been growing ever since and the quality of work. We provide is one of the best and considered to be the top-notch in the industry according to the standards. Always remember that you must hire a consultancy. Which is trustworthy, reliable and moreover has served their service to hundreds of satisfied customers.
Who Are We?
Forthright Consultancy and we have been in the consultancy industry for the past 7 years. We use our experience in our work and it is truly reflect in the works that we do. Started our consultancy services in the capital of India in 2015 and then for the further extension of our business. Our branch in Dubai, UAE in 2017 and have been growing ever since.
We have dominated the consultancies market in Dubai. We believe that we are the supreme consultancy firm in Dubai for many reasons and one of them is our services.
High-Quality Accounting, Assurance, And Specialist Advice
In addition to providing clients with the best possible tools and connections. We strive to be the firm of choice by providing exceptional, independent, high-quality accounting, assurance, tax, and specialist advice.
As a top-rated and well-known firm that provides accounting, assurance, and advisory services to top national and international organizations. Our aim to serve top national and international organizations. We have excelled in the field of Excise consultancy and Audit Services in UAE and we will talk about these both services in the next part of this post.
Our Services Of Excise Consultancy
The Federal Tax Authorities (FTA), who are in charge of excise compliance duties in the United Arab Emirates. Are in charge of enforcing excise regulations in the UAE. On October 1, 2017, the FTA went into effect, bringing the UAE Excise Duty Law into effect. The law was later change on December 1, 2019, to include more taxed goods.
The FTA is the financial authority in the UAE that conducts audits of businesses subject to excise duty and levies fines against those that violate the law. The excise tax was introduce in 2017 in the UAE and we came in the country in the same year.
Excise Consultancy In UAE
This tax was put on all the carbonate drinks and it was to increase the price of all the soft drinks by 50%, all the energy drinks. Where put to a tax rate of 100% which means that the price was double. After 1 December 2019, all the tobacco product were also put through a tax of 100%, electronic smoking devices and the liquids used in them were also double in prices.
Excise tax was only put on product that were considere to be harmful for the people and the prices were increase so that people would not consume the goods or atleast reduce the consumption of such goods. We provide one of the best services as a Excise consultancy. If you are willing to hire Excise consultancy then we are one of the best options for you as we have been handling the accounts of many business owners and companies.
Our Audit Services In UAE
There are many types of Audit services in UAE and we provide all of them as we aim to be the best in the world. Let us look at the types of Audits in UAE. The types of Audit services in UAE are :
Statutory Audit
Routine external audits are meant to provide the auditor with the opportunity to comment on the financial statements of a company that has been prepared by the organization’s management and submitted to an outside auditor for review.
External audits are often performed for statutory purposes in accordance with the law at the time and are only permitted to be performed by registered audit and accounting companies.
Stock Audit
A stock audit sometimes called an inventory audit, is the process of verifying that the tangible goods in your store’s warehouse match the information in the stock register. Inventory audits maybe carry out internally or by external auditors who can guarantee maximum openness in the outcomes.
Cost Audit
A business must conduct a cost audit on a frequent basis throughout the duration of its existence in the market. This involves reviewing expense records as well as other forms of accounting. The main goal of a cost audit is to monitor a company’s cash flow and repair any instances where incorrect data is present.
Internal Audit
It is a consulting and assertion activity designed to enhance an organization’s operation by adding value. In order to achieve a business’s objective, it uses a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance.
Forensic Audit
A forensic audit examines and assesses a company’s or individual’s financial records as evidence for a court of law or legal process. The majority of large accounting firms have a department dedicated to forensic auditing because it is a specialization within accounting.
Management Audit
Finding the management team’s deficiencies is the aim of a management audit. The audit is typically conduct across the entire organisation, although it can also be restrict to specific business divisions.
Conclusion
We at Forthright Consultancy are one of the best in the country. We provide all the 5 kinds of Audit services in UAE and the best Excise tax services in the UAE. Contact us and we will guide you through each and every step which you need to take in order to hire us.
