BUSINESS PREPARATION FOR VAT
The UAE, along with Saudi Arabia, introduced the Value Added Tax on Jan. 1, 2018. Discussions with individuals in the UAE have highlighted a lack of understanding of the basic concepts and principles of value-added tax (VAT).
- Business Plan Writing
- Business Structuring
- Business Formation and Setup
- Business Valuations
- Brand Consultancy
- Management Consultancy
- Succession planning (specifically for family-run businesses)
- Tax Consultancy
- Feasibility Studies and Research
- KPI Identification
- Business Marketing
BUSINESS PREPARATION FOR VAT
Depending on your business’s industry type, we, as your registered VAT agent, will propose to you the simple four-step guide to help you prepare for VAT implementation
- Project Preparation-
Our experts will study your business and accordingly develop a project plan, safeguard your internal and external financial affair reports and will make sure to keep your stakeholders in the business updated. The curation of the project plan directly makes a difference to all your business transactions in the organization. Project preparation, being our first step in business preparation for VAT will demand a price that the companies will have to know about.
- Impact evaluation-
In order to understand VAT and its commercial outcomes, our specialists will conduct an impact evaluation. This will help in prioritising affairs and creating an implementation. The impact evaluation is a crucial step to inspect the multiple aspects of VAT on Financial, Functional and Organizational scenarios.
- Draft and Execute-
At MAGAS, our specialists will draft the financial structure of your business and perform a session to train your staff on the procedure of VAT implementation. This serves as an important act for your workforce to understand and implement the necessary changes needed in their designated tools. Based on the impact evaluation, we will execute a road-map for bringing forth the changes needed, discerning the requirements scheduled and more.
FINANCE ACCOUNTING FOR VAT
What is Value-Added Tax (VAT)?
- Value-Added Tax (VAT) is a tax added to the cost of a product or service and is levied for purposes of generating revenue for the government. This, in simple term refers to the sellers who collect the tax from their customers and pay it on to the state.
- The state of being legally obliged and responsible to pay VAT, concerns anyone who sells goods, services, rents out goods, or is engaged in similar trading operations in the conduct of business.
- The main reason to VAT being introduced in the Middle East is to help governments deliver on long-standing plans for economic variegation away from oil, while still being able to deliver social and economic programs.
KPI MONITORING
Corporate services in relations to Accounting is a very vast subject. One of its chief concepts is implementing Key Performance Indicators (KPI) for compiling and studying of the financial statements.
Key Performance Indicators (KPI) Monitoring acts as an important tool to measure your business’s running and history performance. Our team makes sure that your functioning KPI is…
- Pertinent
- Definite
- Quantifiable
- Practical
- Time-honored
ACCOUNTING & BOOKKEEPING
Bookkeeping companies grasp different facets of an organization’s financial conditions. Bookkeepers manage the day-to-day monetary management and accountants propound valuable discernment into the business’ financial strategic planning.
Hence, if you decide to grow your business to a certain point where you need to bring a bookkeeper along with an accountant onsite to manage different tasks for your company, you will need to have a few pointers noted. Let MAGAS introduce you to them
- The amount of knowledge and experience the bookkeeping services and the accounting firms in Dubai hold.
- The range of services that the firm can offer.
- Get to know their communication skills because they need to simplify things and will have to keep you updated on your business’s financial status.
- Make sure to choose from the right tax consultants in Dubai. They will have to be your sidekick so you do not have to worry about tax deadlines, refunds, and deductions.
CASHFLOW MANAGEMENT
We implement strategic ways to ensure you with a proportionate balance of financial consulting with the usage of advanced tools to deliver the right financial plan. Our accounting specialists will work for your business in different financial corners
- Budgeting
- Accounting Reports
- Key Performance Indicators (KPI) Monitoring
- Banking Structure
- Finance Metrics
- Management Accounting
PAYROLL ACCOUNTING
Based on your business’s pay-out scheme, a payroll needs to be taken into process once or twice in a month. To make this process hassle-free, we at MAGAS work towards your financial goal. Whether you own a start-up or is running a full-fledged business, our strategic way of payroll accounting solutions can support your financial growth.
Our accounting team are able to advise and assist you with the further processes
- Business Valuation for buying and selling
- Budgeting & Forecasting
- Management Accounting
- Performance Monitoring
- Business Health Assessments
FORENSIC AUDIT
We believe, our role as Accountants, Auditors and Advisers is to help our clients think and act long term for their business growth.
Our Approach
- A focus on studying and understanding your business activities
- We focus on risks generated by business activities
- Constant, timely and appropriate dialogue
- Our structure depends on the scope of work of your business.
INTERNAL AUDIT
Internal Audit includes Monitoring, analyzing and assessing the risks and controls of an organization.
Our Approach
- A focus on studying and understanding your business activities
- We focus on the risks generated by business activities
- Constant, timely and appropriate dialogue
- Focus internal audit resources on areas critical to the success of the organization
- Meet all professional standards and requirements
- Provide stakeholders and managers with assurances that their key systems and controls are in place and working effectively
- Allow in-house resources to be used more effectively
- Provide dedicated internal audit professionals without the day to day managerial requirements
- Monitor key areas of the client's organization
- Provide clients with access to experts on various subjects
- Provide clear opinions linked back to the risk profile
ISO AUDIT
We study your financial statements and showcase you with an independent report as to whether the status is accurate, complete or relevantly presented. The most essential outcome of our auditing service is the report we create along with recommendations which help you with the best opinion on the quality of decision making, businesses risk management process and the internal controls.
Our Approach
- A focus on studying and understanding your business activities
- We focus on risks generated by business activities
- Constant, timely and appropriate dialogue
SPECIAL AUDIT
Special Audit has been conceived in the Auditing industry to focus mainly on a specific sector of a business’s acts. MAGAS provides the following types of special audits
Our Approach
- A focus on studying and understanding your business activities
- We focus on the risks generated by business activities
- Constant, timely and appropriate dialogue
STATUTORY AUDIT
Like any other Audit service, Statutory Audit serves the same purpose of determining the accurate characterization of a business’s financial situation by inspecting the financial database such as Transactions, Bookkeeping records, and Bank balances.
At MAGAS, we study your business’s financial statements and showcase you with an independent report as to whether the status is accurate, complete or relevantly presented. The most essential outcome of our Statutory auditing service is the report we create along with recommendations which help you with the best opinion on the quality of decision making, businesses risk management process and the internal controls.
- A focus on studying and understanding your business activities
- We focus on risks generated by business activities
- Constant, timely and appropriate dialogue
TAX AUDIT
MAGAS consists of a taxation team that has attained years of experience across various industries and businesses including start-ups and large groups, private and public sectors, off-shore and on-shore zones, and more.
Our Tax auditing services include the following
- Due Diligence accession
- Tax-effective positioning and structuring for start-ups and SME’s
- Commercial Tax Planning
- Corporate Tax Planning
- Tax-effective distributions
- Business succession planning and structuring
- Off-shore and On-shore Tax planning and Structuring
- Year-end Tax planning
- VAT filing and registration
- Taxation solutions
ASSET MANAGEMENT
Asset management falls under two main corporate services subject – Advisory services and Corporate Finance. At MAGAS, we serve for both the purposes.
We administer the following features in order to help you understand the right investment
- Asset Research
- Examining asset financing choices
- Statistical analysis of businesses
- Brief analysis on market and trends
- Account methods
- Productions operation management
CORPORATE GOVERNANCE
Under the corporate finance roof, MAGAS shadows Corporate Governance as an impetus to encourage effectual, entrepreneurial and advisable management that aims to stretch the success of a business for a long-term.
MAGAS’s corporate governance specialists work with the board of directors to content your business’s compliance and regulatory needs. Our experts will save the valuable time for you to stay focused on your strategy while they work on improving your performance.
- Auditing your current governance system and operations;
- Establishing and putting forth a constructive corporate governance structure;
- Elaborating policies, charters, and processes to assist compliance; and
- Developing and executing board and management governance training.
COST CONTROL AND RESTRUCTURING
At MAGAS, our strongest feature in corporate finance services is Cost Management. It acts as a merit to our ship of financial services in order to support your business by delivering the right cost management solutions on budget.
Our Focus is YOUR BUSINESS
- Your assets remain secured
- We suggest the most operative business modules
- Build a hassle-free environment
- Raise your cash flow
- Assurance of transparency
PROJECT MANAGEMENT
MAGAS provides customized project management services and business advisory services in order to execute a bona fide business strategy in relations to operations and finance. We implement advanced practices to deploy your business’s concealed capacity and support you to take crucial steps towards success.
Our project management services include the following
- Feasibility studies
- Cost control and restructuring
- Cost-benefit and planning
- Risk analysis assessments
- Project planning
- Project programming
- Cost Analysis
- Project Evaluation
- Project tendering
- Project administration
- Project forecasting
- Project reporting
- Industrial relations
- Quality management
COMMERCIAL CONTRACTS
A commercial contract is defined as a legally binding agreement between parties in which they are compelled to do or prevent from performing certain acts.
MAGAS holds an experience into identifying and creating the following types of commercial contracts…
- Confidentiality agreements
- Shareholders agreements
- Joint venture and partnership agreements
- License agreements
- Franchise agreements
- Sale of business agreements
- Service and consultancy agreements
- Employment and contractor agreements
- Distribution and supply agreements
CORPORATE STRUCTURING
The corporate structure demands to be stable. Your business’s short term and long-term intentions, the changing accounting laws, succession plans, liability & regulatory compliance and risk factor determine the stability of corporate formation and structuring.
At MAGAS, our legal experts submit the corporate structuring proposal with confidence as they have gained years of experience in the MENA region and have studied the law thoroughly. We have the knowledge to make sure you understand the significance of your business by briefing you on what has happened, what is happening and what might happen. Our Corporate structuring Services consist of many benefits
- Cost-effective and systematic composition of legal particulars on timely basis
- Providing appropriate and relevant information, business advice and guidance based on various factors
- Convenient access to perform a legal analysis
- Effective access to multiple services to support your business’s broader needs
DISPUTE MEDIATION
Business disputes are ordinary. As your business moves step by step, facing disputes are very likely to happen. Business disputes can either happen with a supplier, competitor, employee, customers or even a business partner.
Most of the business disputes tend to stay longer and tend to misuse your business’s time and resources. Most of the legal disputes turn out to litigations. Litigation is the situation where if the dispute becomes major, it is taken further to the court or tribunal. There are two forms to deal with a business dispute
- Alternative dispute resolution – dispute mediation, conciliation, arbitration
- External dispute resolution - industry ombudsman services
WILL WRITING SERVICES
We understand your legal circumstances and moreover, having every aspect of it in records is considered important. Will writing takes a specific skill. At MAGAS, our legal officers are qualified and experienced to provide you with the will writing service. As a professional firm that deals with all categories of industries, we create the right content required for your dependents to understand.
Our legal writers have gained years of experience in many areas:
- Commercial Law and Transactions
- Taxation
- Financial services
- Accounting services
- Banking
- Employment law
- Property law
CONTRACT WORKERS
MAGAS is a one-stop-shop for all your business solutions. One of them being the human resources solutions that specialize in the recruitment of temporary, permanent, and contract positions for your business.
There are multiple beneficial factors in recruiting contracted staff or temporary workers for your project.
- Temporary or contracted workers serve as a chance for businesses to recruit staff with experience or to cushion a particular department for a short time.
- The contract workers with the right skills serve as a triggering part in any company.
- As their presence does not last long, they invest the best they can for your business to bloom in a short period of time.
- Having said this, your business can make the most of their skills without a need to train.
EXECUTIVE SEARCH
Executive Search, an attribute, is deployed by recruiters or businesses to attain the right candidate. MAGAS possesses this attribute to support businesses in acquiring the accurate candidates to fill up the required vacancy.
We begin the Executive Search by developing a clear understanding of a candidate’s profile, while also keeping in mind the culture and strategy of your concerned business. A good head-hunter will be sensitive towards the requirements of both - the candidate and the company while producing results. Our experts, with many years of human resources experience, are client-driven to find ‘people for jobs’, not ‘jobs for people’.
- We deploy keeping the qualifications of a candidate as our first criteria. This helps us have a database of only the best professionals you need
- We reduce the lost production time by proffering an immediate access to the temporary staff
- We take into consideration your priorities and yet keep safety and standards in mind
- We save your costs and time in looking for the right candidates
- We offer consultancy access to industrial relations, if necessar
MANPOWER SUPPLY
MAGAS, a one-of-its-kind platform is committed to solve your crucial business issues. Our human resources team specialise in providing you with the new and unseen talent you require for your business. We understand the backend of businesses in every aspect. Considering the insights of your company, we comprehend your needs, requirements, expectations and culture. This helps us to dig out the right candidate to suit your business type.
With boundless talent network and industry-leading services, we let our clients focus on their job while we handle the buzz of bringing you the right talent. Allocate MAGAS as your Manpower supply partner and add value to your business in multiple ways…
- We deploy keeping the qualifications of a candidate as our first criteria. This helps us have a database of only the best professionals you need
- We reduce the lost production time by proffering an immediate access to the temporary staff
- We take into consideration your priorities and yet keep safety and standards in mind
- We save your costs and time in looking for the right candidates
- We offer consultancy access to industrial relations, if necessar
BRANDING AND PRODUCT PLACEMENTS
It is very important to build your own branding! Allow us to create beautiful branding and stunning styled corporate kit to bring your business to life. We work with your business’s unique characteristics to produce an outcome that will engage. The process is taken through from ideating to designing and finalizing your corporate branding and product placements.
Why Choose us?
- Attention to details
- Creativity and a plan for success
- Professional Experts Only
- Competitive and fair pricing
- Meeting Deadlines
CONTENT MARKETING
Content marketing requires the right planning and strategy. If done inappropriately, it may result in a little organic traffic. However, if we execute the strategy well, it will result in attaining the right organic traffic to any site.
Content marketing strategy mainly includes:
- A business perception to evaluate the future prospects
- Curation of potential purchasing identities
- Keyword strategy mainly utilizing the SEO operating model
- Understanding of the types of content based on the target audience
- Brand guideline to create the right content
- Briefing on the frequency, responsibilities and content calendar
DIGITAL MARKETING
We provide online and digital marketing services across United Arab Emirates and the MENA regions. At MAGAS, Online and Digital Marketing services in itself is a vast subject that caters in several ways
- Social Media Marketing
- Paid Advertising
- Organic Marketing
- Email Marketing
- Search Engine Optimization (SEO)
- Content Marketing
- Search Engine Marketing
- PPC Campaigns
- Mobile Marketing
- Video Content Marketing
- Viral Marketing
- Mobile Marketing
OUTDOOR ADVERTISING
In the busy and running atmosphere today, MAGAS highly recommends Outdoor Advertising. If you want your products or services to reach faster than online and digital marketing and if you are low on budget, MAGAS has the perfect solutions for raising your business’s image via off-site marketing tools. Outdoor Advertising is an ‘on-the-eye’ marketing strategy to reach out to your target audience. With this fast-paced life, people tend to travel often and have a higher chance to know about your brand if advertised attractively outdoor.
By utilizing outdoor advertising strategy, your business can
- Build brand awareness
- Promote the right target-oriented message
- Launch a brand cost-effectively
- Have an impact to mass audiences
- Promote at the right location cost-effectively
- Reinforce the brand awareness for a longer period
- Convert the awareness to purchasing behaviour
MARKET RESEARCH
Market Research works as an operating model to gather, elucidate and examine data and statistics on a designated market. The research can be based on your business’s forte that are proffered for adapting sales in the market. It fetches information from the past, present and looks forward to understand the potential seekers. The operating model researches in-depth into the locations, attributes, capital habits and requirements of your business’s target market. It also analyses the industry and your business’s competitors.
When experienced market research is a concern, MAGAS prides itself in providing this facility to most of the businesses across the globe. Our aim is to deliver the ideal market research facility at all times needed for you, your clients and the respondents.
Our market research service has gained several clients from UAE and across the globe. We take the ownership of your business’s project to ensure a guaranteed success and results. To make sure that all your pre-determined entails are met, MAGAS confirms all the details in writing for the beneficial records of both.
