How Can a Chartered Accountant Uplift Your New Business?

Monday, 9 November 2015

Every business small or big, requires the assistance of a qualified accountant. This is because every business entails tasks that require professionals or experts in economic matters. The main goal of hiring a chartered accountant is to increase profit and lower cost of the company. Below are listed some main benefits of employing a chartered accountant in Dubai.

  •          New business setup: An accountant is one who possesses a vast amount of knowledge to keep you updated on the risks involved in manifesting particular business formats. He/she will guide you on whether you should be working in partnership or as a single proprietor.

  •          Efficient record keeping: Every business registered for the VAT taxes should keep records of their finances in order to estimate tax payments. An accountant prepares accurate management figures and also points out the plausible implications of expressing certain financial decisions.

  •          Better cost control: The accountant works with the company to draw very realistic budgets in order to analyze the company's performance based on the budget. After a thorough estimation they can provide you with tips to control or balance fixed and variable expenses. They also make sure to note that day-to-day business dealings are error-proof and cost-effective.

Other responsibilities of accountants or accounting firms in Dubai include book keeping, auditing, recording financial statements and tax filings. However, the need of chartered accountants or a reliable accounting firm starts to arise even before the setup of a new business. 


  1. When I was a child I always wanted to be an accountant like my auntie.
    Accountant Erskine


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