Accounting, Payroll and Tax
Accounting, Payroll and Tax
Regardless of the country in which you operate, keeping accurate accounting records and reporting practices are essential for maintaining compliance with local authorities. It is also critical to the success of any business, irrespective of size, industry or jurisdiction. Outsourcing your accounting, bookkeeping, tax reporting and compliance to our team of specialists will provide you with a tailored financial solution centered upon the local and international tax, accounting, reporting, auditing and due diligence requirements. A vast network of experts will work assiduously to simplify your operations, manage the complexity of international business and remain compliant.
Accounting & Bookkeeping
Accounting and bookkeeping are integral components of any business. Bookkeeping services will ensure that reliable and accurate books are kept for your company, enabling you to make informed decisions promptly in order to minimize risks and maximize profits. An effective accounting system can have a significant impact on a company’s productivity as well as its profitability.
Companies incorporated in Free Zone jurisdictions will generally have to prepare and file accounts. Authorities often require these audited accounts also to be submitted.
Nimbus can either offer in-house bookkeeping and accounting services or can recommend a range of accountancy firms that we work with closely. By outsourcing your accounting facility, you will reduce internal operational costs and allow yourself more time and resources to focus on value-added and revenue generating tasks. A high level of accuracy will also eliminate delays and administrative errors, as well as helping to avoid potential fines and penalties.
Our services include:
Payroll & HR services
Irrespective of whether you are a small organization taking your first steps in international expansion or an existing multinational company, Nimbus’s payroll expertise and experience can ensure that you maximize the efficiency of your operations and remain in compliance with all local legislation and regulations. Whatever your employee-related administrative requirements are—whether its arranging contracts, work permits, local to global payroll services—our expertise and technological capabilities remove the complexity while allowing you to maintain control and transparency within your organization. Nimbus can provide a comprehensive but flexible outsourced payroll service that is tailored to each client’s specific requirement. Nimbus’ payroll service can facilitate with:
• Computing employees’ net pay
• Ad hoc additional payments or deductions
• Producing and issuing employee pay slips
• Direct deposit pay into employee bank accounts
• Expenses and benefits processing and compliance
• Arranging documentation for new or departing employees
• Calculating the End of Service Gratuity Scheme
• Be fully compliant with labor regulations including the Wage Protection System (WPS) requirement in the United Arab Emirates.
Tax Services
For smooth operations, you must ensure familiarity with your local VAT and TAX processes to guarantee compliance with all the obligations and regulations set forth by the government. Our portfolio expands to all types of tax related services, ranging from value added tax registration, tax consultancy to tax filing and refund. Our mission is to provide our clients with practical and meaningful solutions that can help further their business, while making the most out of their taxes and obligations. Our range of service include:
• VAT Registration & Compliance
• VAT Consulting Services
• Reconsideration on VAT Penalties
• Tax Residency Certificates