A Chartered Accountant is a professional highly skilled in financial accounting, auditing, taxation, and business advisory services. They play a crucial role in ensuring financial transparency and compliance for businesses.
A Chartered Accountant ensures accurate financial records, compliance with local laws and regulations, efficient tax planning, and strategic financial management essential for business success in UAE’s competitive market.
We offer a wide range of services. Please visit our Services page for more information or choose a service best suited to your needs.
Yes, we can. We assist businesses in understanding and complying with the VAT regulations in UAE. VAT registration, preparation of VAT returns, and advisory on VAT implications are some of our services in that area. Plus, we also provide ongoing support to ensure accurate compliance.
Yes, 100%. We can help with company formation and incorporation, including choosing the appropriate legal structure, obtaining necessary licenses, and guiding you through your company’s registration process.
We cannot pinpoint a particular industry – we serve the entire gamut of industries in the UAE. We specialize in bespoke services to each industry’s specific needs.
Our team of professionals stays up-to-date with the latest tax and accounting regulations via continuous training, professional development, and active involvement in industry associations.
We take data security and confidentiality seriously. Our firm implements strict security protocols, uses encrypted communication channels, and limits access to client data to authorized personnel only.
Outsourcing accounting services can save you time and resources, provide access to specialized expertise, reduce the risk of errors, and allow you to focus on core business activities.
We believe in personalized solutions. Our team conducts an initial consultation to understand your business’s specific requirements and goals and then tailors our services to meet those needs effectively.
Our fee structures vary based on the scope of services required and the complexity of the engagement. We provide transparent pricing details during the initial consultation.
Corporate Tax is a direct tax levied on the net income of corporations and other businesses.
In UAE, Corporate Tax is calculated at 9% of the net profit shown in the company’s financial statements and levied if the taxable net profit exceeds 375,000 AED.
Value Added Tax (or VAT) is an indirect tax. It is a type of general consumption tax. VAT is imposed on supplies of goods and services bought and sold.
The general VAT rate in the UAE is 5% and applies to most goods and services, with some goods and services subject to a 0% rate or an exemption from VAT (subject to specific conditions).
Risk-based auditing is an approach to auditing that focuses on identifying and prioritizing areas of risk within an organization and then designing an audit plan to address those risks. It is a method of auditing driven by the level of risk associated with a particular area or process within the organization.
Investigative audits identify the facts and circumstances of possible fraud or misappropriation of the organization’s assets. Financial audits are analyses of the economic activity of an entity.
In the UAE, it is a process of examining a company’s financial records in order to detect any financial irregularities or fraud.
A forensic audit is a process of tracking & investigating matters related to fraud, financial crimes & commercial disputes. It is a very specialized type of audit that requires skilled members with expert knowledge on the subject. The results of a forensic audit can be used to prosecute an individual or group of people for fraud, embezzlement, or other financial crimes.
A Systems Audit work means examining the key organizational systems, practices, procedures, and controls supporting efficiencies, such as performance measurement and reporting systems, costing systems, and management systems for benchmarking organizational performance.
Business Valuation is the process of determining the current value of a business. It considers various factors – assets, liabilities, income, management, and the location of the company.
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Business consultants help firms with strategies and give entrepreneurs and business owners methods to overcome obstacles or issues they might be having within their firms.
Advisories help clients set up their business in the UAE. It involves many steps – strategic recommendations, negotiations with local stakeholders, documentation formalities, and assistance toward business flotation.
AML Compliance is a requirement for entities registered in the UAE. In September 2018, UAE introduced Federal Decree Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism. The government issued related regulations under the Cabinet Decision No. 10 of 2019 in February 2019. The goAML application is a product of the United Nations Office on Drugs and Crime (UNODC) and is available to the Financial Intelligence Units of Member States to support their work. On June 23, 2019, UAE Central Bank’s Financial Intelligence Unit (FIU) launched the goAML application, making UAE the first country in GCC to go live with the goAML platform.
Economic Substance Regulation compliance is a requirement for entities registered in the UAE. The Economic Substance Regulation is one of the four minimum standards according to BEPS (Base Erosion & Profit Shifting) Action Plan. The United Arab Emirates (UAE) Ministry enacted the ESR Law via Cabinet Resolution 57/2020 (which repealed and revoked the initial Cabinet Resolution 31/2019), followed by Ministerial Decision No. 100 for 2020, giving directives for implementing the provisions of Cabinet Decision No. 57/2020, which replaced Ministerial decision 215 for 2019. Broadway’s specialized team will support & guide you on compliance with Economic Substance Regulation.
ERP is a software system that helps you run your entire business, supporting automation and processes in Finance, Human Resources, Manufacturing, Supply Chain Services, Procurement, and more. ERP implementation improves the efficiency and effectiveness of an organization’s business processes and provides real-time data and reporting capabilities. It typically includes a series of phases, such as analysis, design, implementation, testing, deployment, and maintenance. The implementation process can be complex and time-consuming, depending on the size of your organization.
The ERP implementation includes installing your software, transferring all your financial and transactional data, mapping your processes, and training your users to use the software. It eliminates inefficient manual processes and stand-alone systems within an organization.
Software integration is a process that enables different software applications or systems to work together seamlessly, sharing data and functionality. By integrating software, businesses can eliminate manual data entry, reduce redundancies, and improve accuracy by automating processes. We have successfully integrated industry-specific software with world-renowned cloud accounting software catering to various sectors.
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