We have significant skillsets in accounting and bookkeeping, International Financial Reporting Standards (IFRS), GCC VAT and related areas. We can work with you whether you are small or large, public or private, and irrespective of industries or sectors.
Depending on your exact requirements, you can use our services in the following two ways or a combination:
You can outsource to us - When you outsource to us, you unburden yourself. If you are unsure whether to outsource or not, this will help you make an informed decision.
You can consult us - If you consult right, you can unlock significant value. Consulting right means consulting the right people, for areas that really matter to you but you see a void in the skillsets available with you, and combining the consultant's advice with your own wisdom. Do remember that nothing can beat your innate business knowledge.
But why Nishe? - Fair question. If what you see on our website is not enough to convince you that we are the right choice for you, we request that you meet with us just once. Let's talk.
Whether you like it or not, running a business without ensuring timely and accurate accounting is likely to lead to serious negative consequences, even business failure. Proper accounting is the first step in ensuring proper control of the business. We can help you in accounting areas such as:
Are you adopting IFRS for the first time?
Do you have to implement a new IFRS standard or amendment?
Do you have to evaluate the accounting implication of a particular transaction under IFRS?
We can help you in all these areas. We have significant experience in evaluating and implementing accounting standards including drafting the related technical papers, discussing with and clearing the papers by the auditors (including the Big 4s) and recommending and/or making necessary changes to your processes and procedures.
VAT has already been implemented in the UAE, Bahrain and Saudi Arabia and is expected to be implemented in the remaining GCC states sooner or later. Non-compliance with VAT rules can be a costly affair as the penalties are steep. Therefore, you will need to be up to speed with areas such as:
We have significant experience in practical application of VAT in the GCC and conducting VAT trainings. We can support you with all of the above.