Excise Tax Consulting
What are the rates for Excise in UAE? The rates for Excise in the UAE are as follows: (i) 50% on carbonated drinks (ii) 100% on tobacco products (iii) 100% on electronic smoking devices
VAT Registration
Value-added tax (VAT) is a consumption tax that is levied on the supply of most goods and services in many countries. If you are registered for VAT, you are required to charge VAT on your taxable supplies of goods and services and you are entitled to claim back any VAT that you have paid on …
VAT Consulting
Value Added Tax (VAT) Services (i) Review the existing accounting systems (ii) Implementation of the VAT system (iii) Provides training to the staff members of organizations (iv) Assists in registration procedures. (v) Regular review of the system (vi)Timely filing of VAT returns How can BHMJ help you? BHMJ provides complete VAT solutions.
Accounts Reconciliation
What is Accounting? Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. This information is typically presented in the form of financial statements, such as the balance sheet, income statement, and statement of cash flows. Accounting is an essential part of any organization, …
Book-keeping
Bookkeeping Bookkeeping is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. This information is typically presented in the form of financial statements, such as the balance sheet, income statement, and statement of cash flows. Bookkeeping is an essential part of any organization, as it …
Accounting Supervision
What is Accounting? Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. It involves the systematic recording, reporting, and analysis of a company’s financial transactions, such as sales, purchases, expenses, and liabilities. The primary goal of accounting is to provide financial information that …
Operational Audit
What is the operational auditing process? Plan the audit process The auditor meets with relevant managers to discuss and plan their audit method. During this discussion, the auditor gains an understanding of the business and any potential concerns. They can then identify areas that may require process improvements, providing challenges for them to focus on …
Inventory Verification
BHMJ provides the services of inventory verification. We do this in the following way (i) By comparing the stock as per the accounting system and the stock physically available (ii) Report the variance to the management Stock verification We as an external third party will verify the stock that is maintained on your business premises …
Management Audit
BHMJ provides the service of management audit. Management Audit analyses and assesses the competencies and capabilities of a company’s management in carrying out corporate objectives. The purpose is to evaluate the management team in its effectiveness to work in the interest of shareholders and maintain good relations with employees.
Compliance Audit
BHMJ provides the services of compliance audit. A compliance audit is a comprehensive review of an organization’s adherence to regulatory guidelines. Audit reports evaluate the strength and thoroughness of compliance preparations, security policies, user access controls, and risk management procedures over the course of a compliance audit. Compliance auditing is mainly used to evaluate whether the company …