It’s true – an accounting firm also needs to market itself. The industry has been undergoing so many changes, and with small firms believing they don’t need an accountant – it might be time to refurbish some of the old thoughts of accounting companies in UAE. To help you innovate and improve your strategy, we bring to you 7 marketing ideas that will help you.
Speak at Industry Events: This will help you stay relevant and in the loop. This is also a very important exercise to build credibility. When you’re up there on the stage, you’re automatically considered to be an expert – which means companies can rely on you. While you’re in this process, consider collecting information – to conduct follow ups.
Local Search Results: Ensure your firm shows up in search listings – which means you’re present when someone is looking for an accountant.
Networking Events: This is where you build relationships and meet potential clients – when you share your business card – include a small note, a small call-to-action, which will help them get in touch with you. Your message can vary depending on the kind of event or clients you’re reaching out to.
A responsive website: Nowadays, with everyone just looking up information on their phones, it’s essential to make your website design responsive, which means it must appear perfectly on the phone as well as the desktop. A clear website with relevant call-to-actions can be a powerful attraction for prospects looking to engage with you.
Sponsor local events: Along with your clients, sponsor local events – this will help you leverage your client along with building your brand name. Brand building is extremely important in the life of an accountant, as that is what prospective clients will be looking out!
Host seminars: This one is to attract people within the same field. Hold seminars based on relevant topics, which will help potential clients learn some tips. While the goal remains to make more clients – empowering them will make them believe you can do it better, as you include a few ways in which you can help them.
Testimonials: Go after them, if you aim to acquire new clients. This builds trust and is a proven strategy to gain more clients.
While there are many auditing and Accounting Firms in Dubai, you must go for someone that is reliable and can offer end-to-end services. Here is where TRC Pamco steps in, a leading accounting and consultancy firm in the UAE.
With the introduction of VAT in Dubai, there has been a lot of chaos within organizations with understanding the many requirements and regulations around VAT. However, with the number of VAT firms in Dubai, it’s also become far simpler to use this to your advantage and help your business grow. It might be daunting to decide whether to have an internal team or hire a team of consultants – because companies tend to feel they will be in a vulnerable situation when their financials are exposed to external consultants.
However, instead of being bogged down by the consultant’s expertise, it’s advisable to use it for the company’s benefit. TRC Pamco, a leading VAT firm in Dubai, offers exceptional VAT services with a team of knowledgeable professionals.
The role of a consultant is to ensure that the business continues to grow in regard to the strategies, trends, methodologies etc. Along with this, the management will be inundated with questions but they should use this and ask for in-depth explanations which will help them in the long run.
The next task
would be selecting a tax firm in Dubai, but it’s essential to go for someone
with the complete expertize, one who would understand your business and its
At TRC Pamco, they’re dedicated to being there 100% for your business, which means you can have the time to dedicate yourself to other important aspects of the business, ensuring hire profitability.
Ever since value-added tax (VAT) has made its way to the UAE, businesses have been having a tough time keeping up with the various conditions put up by the Federal Tax Authority (FDA). We’ll highlight the few points that you need to keep in mind regarding VAT registrations, since businesses are required to comply with the law. There are good tax firms in Dubai who help you make this process simple too.
If your supplies exceed 375,000 then it is compulsory for you to do a VAT registration. However, if you do not meet the voluntary registration of AED 187,000 then you aren’t required to register for VAT.
Natural (legal) persons need to register for VAT if their supplies reach AED 375,000.
The Tax Registration Number (TRN) is extremely important for carrying out any business transactions. In this case, the VAT registration certificate isn’t as important, the TRN will work.
If your business is not registered with FTA, you cannot have your goods and services b taxed. These companies cannot issue tax invoices either. However, they are still expected to pay tax on any imported goods.
FTA requires a number of documents from the businesses to help them get fully registered for VAT – like the trade license copy, the partners or the business owner’s passport copies, Emirates ID, company’s address, contact details, Memorandum of Association, bank details, income statement, business’ experience and the owner’s contact details. These are just a few documents, there could be a requirement of any other document for which you will be informed well in time.
The mandatory threshold for VAT in the UAE is calculated basis the total business revenue generated by a business on taxable supplies over a period of 12 months. This is calculated on the value of goods & services, not on profits.
While these are some important points, there are a lot more regulations for VAT registration, and it’s important to stay in compliance with them. TRC Pamco is a VAT firm in Dubai who makes this process simpler for you!
Company formation in Dubai requires thorough research and study. There are a lot of procedures which need to be followed and is best if foreign investors have all information about the business activity they will undertake, along with knowing all the licensing requirements.
There are a lot of firms which help you with company formation in Dubai, who help you set up from scratch. These firms advise and assist you in selecting the location for your business, they help identify a national partner if required, they assist in licensing and complying with legal requirements, formation, and documentation. It’s best to go for a firm which helps in the formation of Offshore trusts, foundations and offshore companies across various free zones in the Middle East and abroad.
The Dubai Company Act requires a foreign investor to have a local partner, who owns the majority interest. The only places where investors have fully owned businesses are the Dubai free zones. The registration requirements vary with the company type one chooses.
Company formation in Dubai also includes various steps like drafting and notarizing the company’s memorandum and articles of association, opening a corporate bank account, registering the native workers with the ministry or labor and social security authorities. Companies also need to register for VAT, ever since VAT has been applicable. Most of the firms who offer company formation services, also provide vat consultancy. Most accounting firms in Dubai give you the right vat consultancy Dubai that you’ve been looking out for.
While there are many other laws, rules and regulations to formation of a company in Dubai, it’s essential to seek out the right partners who can smoothen your entry into the Dubai market. TRC Pamco is your one-point trusted and reliable firm that can help you through this journey.
TRC Pamco – a sector-neutral boutique consulting firm in the Middle East. TRC provides a wide array of financial accounting, auditing, management consulting and advisory services. It has a team of skilled professionals working closely with the clients and providing services and advice relevant to their business.
TRC’s belief is very simple – they believe in creating opportunity and unlocking value. TRC Pamco combines established approach and solid thinking with fresh ideas and creative applications that will help your business prosper.
TRC’s services include financial accounting and auditing, corporate consultancy, Company Formation in Dubai, Dubai free zone company formation and India Centric Advisory Services.
As a part of company formation in Dubai, we advise and assist the client in selecting the location, identifying a national partner if required. We also assist in licensing and complying with legal requirements, formation and take care of all the documentation. Same is the case with Dubai free zone company formation – we provide end-to-end services and help you set up your business.
In the case of Offshore trusts and companies, along with our partner firm, we assist our clients to form their companies in various free zones in the UAE and abroad. We believe that having access to timely and accurate financial information is essential for clients to maintain a competitive edge in today’s dynamic business market, and hence we also act upon the same.
TRC Pamco also provides a full range of computerized financial accounting services, bookkeeping services for companies in UAE. The team is fully qualified and equipped to give you expert advice, which will help you manage the multitude of risks to your business.
The need for accounting firms has been on a rise, and after years of experience, we assure you great service and even better advice. We also have skilled professionals for VAT Consultancy in Dubai.
TRC Pamco is a boutique consulting firm in the Middle East. We offer a wide array of accounting and auditing services including bookkeeping services, Dubai Free zone Company Formation, vat consultancy, financial accounting, management consultancy and advisory services. We have a team of professionals who are well-equipped and knowledgeable to make the entire process smooth for you. Our team assists you from the start to the end.
We are one of the best Offshore Company in Dubai, where we assist our clients in the formation of Offshore trusts, foundations and offshore companies across various free zones in the UAE and abroad. An offshore company is nothing but a legal business entity that operates out of its registered jurisdiction and/or in the location of where it will be ultimately owned. We work very closely with UAE banks to assist our clients to ensure the process remains smooth.
We understand that our clients must have timely and accurate financial information regarding their company and we strive to give them the best of the information, always, thus providing one of the most reliable Bookkeeping Services in Dubai. We provide a full range of computerized accounting services, bookkeeping services for the companies in the UAE who require a proper and complete set of financial statements. We work in a very structured format where we track the improvements we bring about and help companies align their resources while freeing them from administrative and accounts related work. Our team of professionals are highly trained, experienced and have an in-depth knowledge about accounting and auditing pronouncements, which helps us stay on the top of our game, and making us one of the best VAT consultants and bookkeeping service providers in Dubai.
Additionally, we also engage with global regulators on business and regulatory issues, advising clients on how to effectively administer commercially successful businesses, keeping in line with the laws and customs.