maatsca

Request a Quote

Author name: maatsca

VAT registration in Dubai, benefits of vat registration uae, maats consultants
Business & Strategy

Benefits of VAT registration In UAE

/

Registering the business under VAT UAE Businesses that aren’t mandatorily required to register for VAT are offered voluntary VAT registration if the annual supplies or the taxable expenses incurred on the business are not less than the voluntary registration threshold limit. As you register the company for the VAT, the government acknowledges your business, which aids certain financial benefits unlike for unregistered businesses in UAE. Who should get registered under VAT As mentioned, not all businesses are subjected to registering under VAT. Those businesses crossing the set annual turnover threshold are subjected to registering under VAT. A business is required to register for VAT if its taxable supplies and imports exceed AED 375,000 per annum. For businesses whose supplies and imports exceed 187,500 per annum, VAT registration is optional. As simplified, one can go for voluntary VAT registration if 12 months’ revenue is close to 187,500 AED and mandatory registration if the value exceeds 375,000 AED or 100,000 USD. While the law allows you to voluntarily register for VAT, let’s see what business benefits await a registered business. The privilege of input tax deductions A registered business under VAT can claim input tax deductions. The total VAT paid on the purchase is input VAT and the total VAT collected on sales is known as output VAT. If the input VAT is 335 and the output VAT 450, you are eligible for the entitlement of an input VAT deduction against the output VAT of 450, making the final VAT payable 115. Such an input tax claim can be put forward only if you have registered your business under VAT. Or else, the total VAT paid on purchases is expected to be considered as a cost. Tax refund for new businesses Even when the sales do not exceed the threshold but the expenses do, one can apply for VAT registration. For a new business or startup, the initial spending or investment is of a higher amount and takes time for the sales to establish with profit. In such a case, being registered under VAT will let you claim the VAT paid on your purchases/expenses which otherwise would be calculated as cost. Any registered businesses under VAT can claim input tax deduction upon the premises of VAT. When a non-registered business pays 5% VAT on purchases/expenses, it makes your business/product 5% pricier as compared to a registered business. When you are not registered for VAT, the VAT paid on purchase should be treated as a cost leaving you without an option but to just inflate the price. Apart from all these, having registered under VAT provides the business with a VAT registration number adding credibility to your business. This can help you build your business and also gives the company a professional position. MAATS services in VAT MAATS the leading accounting service in Dubai has got a dedicated team of VAT registration in Dubai specialists open for consultation anytime. Our strategies have proven to make the procedures of VAT registration simple and timebound. Feel free to reach out to us with VAT-related queries.

Corporate tax in UAE
Corporate Tax

Impact of UAE Corporate tax on Mainland Vs Freezone businesses

/

The UAE is known to be an extremely favourable place for investors worldwide due to the supporting policies and business environment. The UAE is a leading international financial, commercial space and tourism spot in the Middle East region. The nation has introduced a federal corporate income tax (CIT) which is to be in effect from June 1st, 2023. The introduction of corporate income tax could directly influence Mainland as well as Freezone businesses. The Corporate tax in UAE The UAE corporate tax is a direct form of tax levied on the profit of business entities. UAE Corporate Tax will apply to all businesses in the UAE, except for the extraction of natural resources, which will remain subject to Emirate-level corporate taxation. Foreign entities, individuals and businesses will be subject to Corporate Tax only if they conduct a trade or business in the UAE in an ongoing or regular manner. Mainland vs. Freezone businesses in the UAE There are the 3 jurisdictions- Mainland, Freezone and Offshore with evident differences with respect to several criteria. Mainland, Freezone and Offshore businesses have differences in terms of ownership, the scope of business, office space, visa eligibility, company audit and others. Mainland companies and corporate tax in UAE A mainland company is nothing but an onshore company that is registered under the administrative authority of the concerned Emirate. A UAE mainland company is mainly characterized by free trading opportunities. The company’s trade license is issued by the Department of Economic Development of the particular Emirate. A registered mainland company in the UAE is authorized to trade in the UAE local market as well as outside the UAE. Corporate Tax will be charged on the annual taxable income of a Mainland business as follows: For small businesses with taxable profits not exceeding AED 375,000 (approximately USD 102,100) the CIT rate is set at 0% in order to facilitate the development of start-ups, for taxable income exceeding AED 375,000; and a different tax rate (not yet specified) for large multinationals that meet specific criteria sets. Freezone companies and corporate tax in UAE In the UAE, there are many Free Zones. A free zone company is formed within a special jurisdiction that comes under the specific Emirate. Free zone jurisdictions have their own guidelines and have a government regulatory body, the Free Zone Authority. A free zone company is characterized by the benefits of 100% foreign ownership and tax concessions. It can only trade within the free zone and outside the UAE. In the context of Corporate Tax Planning Freezones will be subjected to the new Corporate Income Tax. The tax incentives offered by the Free Zones will be considered by the regime for the businesses there that meet the tax requirements and do not engage in business domestically with the UAE mainland business enterprises or individuals. The now free zones interest the foreign investors with a zero corporate tax regime. At present, the companies functioning in the free zones are subjected to this zero per cent corporate tax and also zero per cent personal income tax. Free zone companies are permitted to trade within the zone limits and they can also trade internationally as re-exports. These companies will profit from the corporate tax incentives. Free zone companies are permitted to carry trade in the mainland area as per the agreement with the local distributors. It helps free zone businesses widen their mainland market and build a large customer base for their products and services. Some free zone areas also offer a dual license that allows the companies to extend their activities to the mainland. These free zone companies can carry on business on the mainland from their offices in the free zone. There are also chances that these companies may affect by the new CT law. Choose the best corporate tax consultancy in the UAE Investors and entrepreneurs are very much confused about the new corporate tax. As they are eager to know how the UAE corporate tax will affect their businesses, the mainland, as well as the free zone companies, are advised to wait for more clarity from the Ministry of Finance—but consulting an established tax consultancy with the necessary experience in the field as MAATS can help you with adequate information regarding corporate tax advisory. MAATS is a reliable accounting, auditing and VAT and Corporate tax consultancy service provider, that guides the clients with relevant and updated information to keep in compliance with government rules.

VAT registration in UAE
Business & Strategy

UAE Corporate Tax FAQs for Business Owners

/

The most advanced infrastructure and the world-class amenities the UAE offers is the prime factor to support the economic growth as well as the reason for its leading position among the Arab nations. A supporting commercial and legal environment in the UAE makes it the best place for businesses and investments. The tax regime in the UAE is about to welcome the greatest milestone as the country introduces corporate tax in 2023. UAE-based businesses will be obliged to evaluate the impact of the new tax regulations on their functioning and comply with them. As part of helping the business entities to be prepared for the introduction of the new tax, we have curated here some Frequently Asked Questions and their answers on the corporate tax In UAE. What is the UAE corporate tax? Corporate tax is a form of direct tax levied on the net income or profit of corporations and other business entities. When will the UAE corporate tax come into effect? As per the declaration of the UAE Ministry of Finance, corporate tax will come into effect from the financial year starting on or after 1 June 2023. What will be the rates of UAE corporate tax? The tax rate will be 0% for the taxable income up to AED 375,000 and 9% for the taxable income above AED 375,000. What type of businesses come under the scope of the UAE corporate tax? The UAE corporate tax will apply to all the business and commercial activities in the UAE except for the extraction of natural resources, which will remain to be subjected to the Emirate level corporate taxation. Which is the responsible authority for the administration and collection of corporate tax in UAE? The Federal Tax Authority will be in authority for the enforcement, administration and collection of the UAE corporate tax. The Ministry of Finance will be the ‘competent authority’ for international agreements and the exchange of information associated with corporate tax. Will a salaried individual be subject to the UAE corporate tax? The salary or income acquired through government or private employment will not make one subject to the UAE corporate tax. Will a foreign company be subject to the UAE corporate tax? Any foreign businesses and individuals who conduct a trade or business in an ongoing or regular manner will be subject to the UAE corporate tax. How the corporate tax will affect the real estate and banking sector in UAE? Banks and real estate come within the scope of corporate tax in the UAE. The other activities which fall under the UAE corporate tax regime include construction, management, development, agency and brokerage. Will the UAE corporate tax be levied upon the income of foreign investors? The income of foreign investors received from dividends, capital gains, interest, royalties and other investment returns will not be subject to corporate tax in the UAE. Is forming a tax group for the corporate tax permitted in the UAE? A group of companies in the UAE can create a tax group which will be considered as a single taxable person. It will be based on certain conditions and if they are all met, these tax groups can enjoy the benefit of being treated as a single taxable person who is expected to file only a single corporate tax return. Will the Free zone business entities come under the scope of the UAE corporate tax? The free zone businesses will also be subject to the corporate tax but the government will continue to honour the tax incentives given to the free zone businesses which meet all the requirements and do not conduct business with the UAE mainland. Will the large multinationals in the Freezone be subject to the UAE corporate tax? The businesses in the free zone will not be subject to the UAE corporate tax but those free zone business entities which are a part of the large multinational companies may be subject to the Global Minimum Tax of 15% under Pillar Two. Will the UAE holding companies be exempted from the corporate tax? Though holding companies will come within the scope of corporate tax, certain income streams of holding companies may be exempt from the corporate tax. Further clarification on the requirements for a qualifying shareholding is to be announced by the state. Will investment returns of individuals be subjected to corporate tax? Individuals will not be subject to corporate tax on dividends, capital gains, shares or securities in their personal capacity. Why corporate tax is being introduced in the UAE? The introduction of UAE corporate tax is based on the internationally accepted tax systems which will help the UAE government to remain in the position of the best place to start businesses. The new tax regime will aid the growth of the nation and realize its strategic commercial and industrial goals. Our team of experts at MAATS can assist businesses to be prepared for the upcoming changes in business operations and accounting due to the implementation of corporate tax. We help with complete corporate tax consultancy services, tax filing, tax refunding, tax deregistration etc.

VAT penalty reconsideration UAE
VAT

All you need to know about VAT penalty reconsideration in UAE

/

The Federal Tax Authority is the regulatory body in the UAE in charge of the VAT laws and to collect the taxes and penalties on behalf of the government. The business firms and entrepreneurs are responsible to be aware of the tax laws of the country in order to ensure the smooth running of the company. If a business entity fails to follow the tax laws issued by the Federal Tax Authority, they will need to pay the fines and taxes. Tax payments and penalties decided by the FTA, as per the current tax laws, are to be mandatorily paid by the business entity. But there are instances where in a VAT registrant or a taxpayer disagree with the decisions of the FTA, they can apply for a VAT reconsideration.   UAE VAT Penalty Reconsideration The taxpayer who received a penalty from the Federal Tax Authority can apply for a VAT penalty reconsideration in the UAE for the review of the authority. It should be submitted within the 20 business days after receiving the penalty. The authority will review the decision and will remove the penalties if the taxpayer could prove his stand through the UAE VAT reconsideration. It actually gives an opportunity for a taxpayer to appeal for the review of the decision made by FTA.   Process of applying for the UAE VAT Penalty Reconsideration The VAT penalty reconsideration can be submitted through online. VAT reconsideration form is available on the website of the Federal Tax Authority. The concerned business entity can submit their application through the website and should provide the supporting details in Arabic only, English will not be acceptable in such cases.   Documents required to submit the VAT Penalty Reconsideration When a taxpayer is not convinced with the decisions taken by the FTA, taxable person can submit their request for the VAT reconsideration. The VAT reconsideration forms can be submitted by the tax registrant, non-registrant or by a tax agent and this submission must be supported by strong evidence and relevant documents to prove why a penalty should not be imposed on them.   The following are the documents required for the submission of UAE VAT reconsideration; The certificate of VAT registration Emirates ID Passport copy Proof of authorization Formal letter of case study explaining the reasons along with supporting documentation with legal references Date and amount of penalty, registered mobile number and memorandum of association are some of the important details which should provide along with the above-mentioned documents. FTA will respond within the 40 business days. And they will request for additional information for incomplete information. And the response from FTA after the re-submission of application will also take up to 40 business days.   How MAATS can help your business? As part of making an appeal for the reconsideration of penalties, a notice has to send. It should be done within 20 days from the date of notice or letter issued by FTA informing about the penalty amount which should be paid. The appeal should be written in Arabic and should send within 20 days itself, late applications can be rejected. Approaching a tax consultancy to ensure the timely reconsideration process is inevitable. Our experts in MAATS have years of experience in tax consultancy services and will make you experience the ease of procedure in the VAT reconsideration processes. MAATS assisting clients for all their VAT penalty reconsideration processes from the submission of the application to the final discussion with the FTA representatives. We continue to help our clients to be VAT compliant and offering a wide range of VAT related services for companies across the UAE.

corporate tax, UAE corporate tax, maats consultants uae
Corporate Tax

UAE Corporate Tax and the Essentials You Need to Understand

/

Several businesses throughout the Emirates have and still enjoy no income tax being levied from their profits. However, the present tax scenario is all set to change completely and this privilege will soon conclude as the Ministry of Finance announced on 31 January 2022 that a federal Corporate Income Tax system will be introduced in UAE. Corporate Income Tax is a relatively new concept in UAE, which therefore makes it very important for businesses to completely comprehend the idea. Therefore, we Maats Accountants and consultants have put together all of the essential things you should understand about the UAE Corporate Tax: What is Corporate Tax? Corporate Tax, also officially known as “Business Profits Tax” or “Company Tax” is a direct tax imposed on the net income or profit of corporations and other businesses. Who all should pay for it? All the businesses and corporations in UAE, whose total comprehensive income (net profit) is more than 375,000 AED fall under the extent of corporate tax and are therefore required to pay a percentage calculated from their total income as corporate tax. Why is Corporate Tax being introduced? By putting into effect a new system of Corporate Tax, UAE aims to: Transform the Emirates into a leading global hub for future business and investments. Stimulate the progress and transformation of Emirates to attain its crucial objectives. Acknowledge Emirate’s commitment to meeting the international standards for tax transparency and preventing harmful tax practices. When UAE corporate tax will it be in place? The UAE Corporate Tax will be effective from the next financial year starting on or after June 1, 2023. This qualifies the business that has their financial year beginning on July 1, 2023, and ending on 30 June 30, 2024, to be conditioned to pay UAE Corporate Tax from July 1, 2023 (The beginning of their first financial year). Whereas, the business that observes a  calendar year; will have its financial year starting on 1 January 2023 and ending on 31 December 2023 which will make them conditioned to the Corporate Tax from 1 January 2024. Who will be the controlling authority of the UAE Corporate Tax system? The Federal Tax Authority (FTA) set up in 2016 by the Ministry of Finance will be the government body with the responsibility for the collection, administration, and enforcement of the corporate tax regime in the UAE. However, the Ministry of Finance shall remain the competent authority for certain purposes such as international tax agreements, treaties, and the tax-related exchange of information. How does the Corporate Tax apply? Once in effect, the UAE corporate tax will be levied on all business and commercial activities in the emirates, except for the commercial activity of extraction of natural resources (continued to be taxed following the specific Emirate taxation). Corporate Tax will concern the “taxable income” which constitutes the accounting net profit of a particular business in the Emirate, after adjusting certain items (deductibles), as specified under the UAE corporate tax law. How is the Corporate Tax in UAE calculated? Corporate tax in UAE is to be calculated at 9% of the total comprehensive income shown in the company’s financial statements.  9% for taxable income above AED 375,000; and a different tax rate for large multinationals that meet specific criteria (set with reference to certain projects). For deriving the exact taxable net profit for businesses as Corporate Tax in UAE, we might be required to wait until further guidelines from The Federal Tax Authority and The Ministry of Finance are released. What are the exemptions provided under the UAE Corporate Tax regime: Individual salaries and income of both public and private sector workers. Investments made by individuals in real estate Capital gains and dividends earned from particular investments With the new Corporate Tax system and subsequent regulations to be implemented in UAE, things could get complicated for you if you have any business in the Emirates. Don’t worry; Maats Accountants and consultants, a UAE-registered accounting firm that offers a wide spectrum of accounting, consulting, and related services are ready to solve the tax implications for your business. We can efficiently assess your business and help you understand the impact of Corporate Tax. For more information on the different professional accounting, auditing, and tax services that we provide, please visit: https://maatsca.com/  

accounting checklists
accounting

Accounting Checklists for Start-ups in UAE

/

Every business small or big needs a bookkeeper/accountant who will manage its finances. Business owners today realize more than ever before that if they are not careful about their finances, they soon won’t be in business. It can be costlier for smaller businesses to appoint a full-time bookkeeper or accountant, outsourcing this function has become very attractive to business owners and a great opportunity for bookkeepers or accountants to start up their own bookkeeping or accounting business in Dubai. Bookkeeping and Accounting Checklist For Start-ups Bookkeeping and accounting differ in the areas they cover, both of which are vital with regard to the company’s financial health status. Bookkeeping, as the name suggests, focuses on keeping the records of transactions and cash flow up to date. Accounting, on the other hand, tends to devote itself to interpreting the financial picture the bookkeepers create and shaping that into final representative documents like profit and loss statements and balance sheets, and year to year comparisons which provide the overall picture of where the company stands financially and can give an indication of its future outlook. Daily: – Accounting is not an activity which you can perform at the end of the month, and everything will be good. It requires regular attention and maintenance to avoid loss at the end of the month. Here are some important accounting activities you need to check on a daily basis. Check Financial Data Reconcile Cash against Receipts Review and Reconcile All Transactions Record All Received Payments Weekly: –  Take the recorded daily information a step further with more intensive reconciliations using the week’s cash sheets to refresh financial data, record payments received and categorize the expenses incurred, as well as keeping your inventory list up to date. It’s also time to deposit cash received, issue invoices, schedule any bills for payment and, if you are using accounting or bookkeeping software, to be sure to back up your data. Manage Record of Transactions Review Outstanding Bills Prepare All the Invoices Project your Cash Flow Analysis Every 2 Weeks: – Follow up on customer invoices that are unpaid, apply any deposits they have made to their invoices, and follow up on any proposals you have made which have not yet had a reaction.  Monthly: –  Not every day and week is the same for any business organization. Every day brings new challenges and opportunities specifically for start-ups. Therefore, you need to follow this monthly accounting checklist to track your performance. Balance Your Business Check book Analyse Past and Aged Receivables Check Inventory Status Review Profit and Loss Accounts Quarterly: – In addition to the daily, weekly, and fortnightly operations, the need for more comprehensive reports and records increases. These include income statements, balance sheets, and reports on accounts receivable and payable. What Bookkeeping and Accounting Services Can Do? Depending on whether or not you choose to outsource only the accounting, or bookkeeping services in Dubai, or choose to enlist help in both areas with the same or two different companies, these professionals can take some or all of the weight off your shoulders when it comes to keeping track of your finances. However, choosing the right professionals to handle these pivotal areas of your business is vital. Before making a choice, careful research and investigation are needed to determine that you are hiring the right person to take care of your finances and maintain regular contact with them throughout your contract so you don’t become disconnected from that sector of your start-up.

financial auditing dubai, financial audit dubai, Maats accountants and consultns
Business & Strategy

What is Financial Auditing and Why it is necessary?

/

What Is Financial Auditing? A financial statement audit involves performing a detailed evaluation of a company’s financial records. Regular financial statement audits are essential to every business – particularly those that are undergoing rapid growth – when it comes to tax planning, legal compliance, and the ability to develop an accurate budget. However, sifting through countless mountains of paperwork can undoubtedly put you behind schedule when you are trying to manage a business. While there are many reasons why your business may need a financial statement audit During a financial audit, a company’s accounting records and financial statements are examined. In the process, any issues are uncovered and documented in a final report. Sometimes the audit is carried out by an external auditor and sometimes by a committee within the company itself. External specialists know how to conduct professional financial audits and understand what to focus on. Internal audits are usually held in regular intervals, such as yearly or quarterly. What are the benefits of an audit? Audits can be incredibly beneficial to the growth of your company. A successful report can even help improve your credit rating and make you more eligible for financial business loans. It may even lead to lower interest rates and determine eligibility for certain types of loans which may be more difficult to apply for. You will also be able to prove to investors that your company is reliable and can be trusted. This is not only a benefit for potential shareholders but can also improve the image of your brand in general. By conducting an audit, you can promote accountability which will help employees be more organized and work more efficiently. Additionally, it helps you gain perspective and insights into problems and areas that could be improved. For businesses, it’s very important to be transparent and accountable. Financial audits are relevant to companies in all industries and can increase confidence and trust in your brand. It can even make your accounting easier since you will be motivated to organize your process better and be highly detailed when keeping records. Why Are Audits Necessary? An audit is important because it provides credibility to financial statements in your company. The credibility provided by an audit goes a long way to save you from many hassles and delays in the business world. The purpose of audits is to ensure that a company or business keeps accurate records and follows proper accounting principles. Audits assure shareholders that the accounting records presented in the financial statement are fair and accurate. In addition, with the help of audit reports, companies can improve their internal controls and systems. And, if your company is audited, it can increase your chances of improving cash flow through financing, investors, etc. (more on that later in the article). Reasons to audit your financial statements: Detecting and Neutralizing Fraudulent Activity: – Running a business and analysing your finances can be an overwhelming task. Paying attention to every detail of your daily operations while sifting through hundreds of documents can affect your company negatively. With so many tasks at hand, discovering possible fraud – and neutralizing it swiftly – can be difficult for business owners. A financial statement audit will allow you to have a detailed report on your finances. Having accurate information about every business decision over a set period places you in a better position to identify whether fraud has occurred, and if so, when and to what extent. Tying into the point above, a financial statement audit can help you boost your credibility with stakeholders and investors, demonstrating that your company is managing its funds vigilantly and appropriately. Expanding your Business: – Growth and profitability should be among the top focuses of any company. As your business expands and adds more branches or employees, so does the need for tight financial controls and efficient decision-making. A financial statement audit can help you determine the best courses of financial action to help your business continue its growth. If you are thinking about expanding your business, then you may need an audit that lets you know where your company stands financially – and where it can be improved. Timely and Accurate Information: – Information is a powerful tool that can be used to drive the future success of the company. In saying this, the information must be both timely and accurate. If the information received to make decisions is accurate, but a year out, to what use is the information? Conversely, if the information is timely, but incorrect, a misstep is likely. Our firm works with a lot of small and medium-sized companies and a common theme we find is that when management has no outside statutory requirements, the timely and accurate close of the books suffers instead of the day-to-day operations. We field calls all the time from companies looking for reviews or audits many months after the year-end because a requirement has suddenly come about. In many of these cases, the books are still not closed. Having an annual review or audit on the calendar each year sets precedence for management to focus on annual closings. It now becomes a bit of an annual report card for your accounting team. Management now knows that there is an expectation for timely annual information which hopefully results in timely monthly information throughout the year. Our firm also works with management to ensure financial statements are prepared by accounting principles generally accepted in the United States of America (“GAAP”).  We find that many small to medium-sized companies prepare their financial statements on a cash basis. Firstly, this is not in compliance with GAAP and secondly, it does not provide ownership with the complete picture of what took place during the year and how it may compare with previous years. Also, many industry standards and ratios are based on GAAP reporting, therefore when ownership is comparing the results of its company to the industry, the results may be deceptive. A review or audit will take a look at the accrual-based accounting

outsourcing accounting services, accounting services in dubai, maats accountants and consultants
accounting

Benefits of Outsourcing Accounting Services For Your Business

/

Attain High Level of Accuracy If you are not a professional, balancing the book so that you know your cash flow can be nerve-wracking. As a business person, profit is your number one goal. Without proper records, you may not know how your business is performing. Even the tiniest error in your accounts may have a major impact. For one, you may get into a lot of legal issues if your taxes are audited. Secondly, your business requires cash flow to operate. If you have wrong projections, you may find yourself in a state of not being able to pay your creditors or employees.   No Penalties from the Tax Man Inaccurate submission or late submission are things that the RTA does not have patience with. Most companies in UAE begin preparing their tax when submissions are nearly due. As a result, they pay penalties since they are not ready or do things in a hurry and forget to claim their deductibles. Nonetheless, they lose a lot of money. Professional accounting experts will manage your monthly financial records and at the end of the season, you will only need to verify data before submitting your VAT information.   Fast Processing Time A skilled person will always complete their tasks accurately and faster than one who is not sure about how to approach a task. In addition, accounting outsourcing services offer additional help to work on your accounts. As such, you get your results faster. So, put your time into greater use. Nevertheless, your business requires your expertise.   Access to Modern Tech Accounting software is costly and it also requires proper training before using it efficiently. But outsourcing accounting services in Dubai already use this software to help them and their expertise requires that they use them. So, when you work with an accounting outsourcing services expert, you are saving tons of cash from purchasing software packages, yet you can enjoy all the benefits that it has, and access its features.   Curb Risks As a business person, you are a risk-taker. Your business capital is on the line and it’s the one that will generate revenue for you. The success or failure of your business will not be determined by the environment you create. If your financial management is still wanting, even the best clients or customers will not keep your company afloat. At the end of the day, it all stems down to the numbers. Are you receiving the return on investment that you hoped for? If this isn’t the case, what could be the problem then? You need to assess if your business capital is used efficiently with the assistance of accounting experts. At MAATS, we do not just do the books for the sake of it. We ensure that we analyze the results and identify any issues that your business may be facing, as far as finances are concerned: Can you improve your sales? Can you reduce expenses? The answers to these questions are in the numbers. Choosing to work with an expert such as MAATS helps you reduce the risks of being lied to or paying the price of errors that another person made. Are you getting accurate account information from your suppliers? These are people who are prone to make mistakes too. Our accounting experts can easily identify any discrepancies.  

Scroll to Top