Finance

Accounts and Bookkeeping

Accounting and bookkeeping are essential components of a company that contributes to its growth by controlling and monitoring its revenues and expenses. Accounting would require companies to incur additional costs and care internally, with sometimes a shortage of professionals that makes this management very complicated.
Thallium Consulting makes outsourcing your financial services accurate and straightforward and optimizes your costs and time with responsible and available professionals.

Accounting software

Today’s economy requires an appropriate, well-organized, and systematic accounting structure to maximize efficiency and improve productivity to achieve the aspired results. Therefore, the implementation of proper accounting software will help management to make the right decisions using financial reports extracted from this software.
Depending on operational needs, the size and scale of the business, and other factors, appropriate accounting software can be put in place to accommodate expansion. However, this will include analysis of the business activity, suggesting the right software, periodic training of staff, implementation of the software, and technical support.

Accounts Supervision

It is always preferable to have the results of the accounts verified by an independent accounting firm to ensure the accuracy of your data.
At Thallium Consulting, our accountants assist their clients by visiting them periodically to review and supervise the work done by their team.
This accounting management will allow us to detect any errors quickly, correct them, and draw the attention of management to any irregularities.

The introduction of taxes provides a new source of revenue that can be used for public services.
This introduction changes the way the organization operates in the Gulf Region as the government requires your business to adopt accounting practices that incorporate this tax. And with the tax laws and regulations in place, your tax implementation strategies must also change.
Thallium Consulting can guide you through this process and make the VAT implementation process hassle-free and ensures compliance with the new laws.

VAT registration and filing

If your business exceeds the mandatory threshold for taxable supplies, Thallium Consulting can assist you with VAT registration, VAT amendments, VAT deregistration, documentation, and study the impact on your business.
Our team of experts will produce and file an accurate and timely VAT return. We ensure that your VAT return is made before the due date to avoid any penalties and fines.
Consult us for all your VAT queries: eligibility for registration, VAT declaration, advice on the list of documents to be put in place to ensure compliance. We provide personalized advice according to your needs and are available every step of the way to help you.

Amendment and Deregistration of VAT

Your financial situation could change, which would require the VAT amendment or deregistration. In this case, your company is no longer subject to compulsory/voluntary registration with new office space, changes in regulations, updating new partners, etc. Thallium Consulting will assist you in all such situations to regulate with law.

Representation before Government/TAX Authority

We also take care of representing you before the tax authorities on your behalf. We manage the communication with the tax authorities to obtain further details and help you to submit a request for review or others.

Audit and Assurance

With the rise of scams and frauds, an independent auditor is required to audit financial statements and be able to give an opinion and have statements that are true and fair. Therefore, like a financial audit firm, Thallium Consulting provides consulting services, and we offer a range of Assurance and Audit services to meet the operational needs of the clients and stakeholders in this global market.