Indian Muneem

Artificial Intelligence (AI) is now omnipresent. Progressing eventually AI will be the norm ubiquitously, where either machine perceives the capability to decide or humans collaborate in sync with machines in terms of intelligence. AI significance is that it paves the way for machines to think and act as possibly as humans do. And in a few aspects, it can do much better than humans. For tasks which are repetitive and voluminous,   machines can perform consistently than humans can achieve to do due to a human’s basic trait of boredom in doing voluminous repeated tasks. Finance & Accounting Outsourcing is the business practice where accounting firms, corporate houses, a small scale business or startups outsource their finance & accounting tasks to an onshore or offshore outsourcing company. Outsourcing is hugely done because of its cost-effectiveness and timeliness for their own business and getting them a strategic edge. How does AI actually weave into F ...

Financial and Accounting Outsourcing takes place when an accounts firm irrespective of them being a large or small scale transfer their in-house accounts to an external accounts service provider. An accounting firm decides to outsource their in-house activities due to one or many reasons: The firm has too much workload and its better for them to spread out to other sources of providers and reduce their tasks at hand. At times when you are more focused on growing your business strategically and hence can’t invest time for bookkeeping. Firms need to work within a fixed time frame.  When a firm cannot support an expert team in-house to handle all the big calculations. When the business is a small scale and they cannot afford to handle high operational cost accounts department on their own. When the accounts firm or business has fewer people and hence need to take help of an external provider. Your skill is something else in your business and not in bookkeeping. Lastly, ...

Gulf countries have decided to implement taxation as part of the governments' efforts to diversify revenues in the context of sharp decline in oil prices. The International Monetary Fund has been recommending fiscal consolidation in the Gulf Cooperation Council through diversification of government revenues and reduction of subsidies. New initiative to provide the country with a new source of income, the UAE government introduced VAT, from January 1 st , 2018 .  Before Implementation of VAT the country was highly dependent on oil and other hydrocarbons, now with the implementation of VAT, this is expected to change. VAT will be charged at a flat rate of 5 percent. Companies whose turnover fall between Dh1.87 million and Dh3.75 million will have the option to register for VAT during the first phase of the VAT implementation. Optional threshold limit is AED 187,500 per year. Indian Muneem knows from experience that companies need assistance suitably for VAT ...

INDIAN MUNEEM(IM) is a dedicated arm of ( Aggarwal Raman & Associates)- a firm of Chartered Accountants (Indian CPA) which is one of India´s leading accounting outsourcing service provider since 2000 that offers end-to-end bookkeeping, accounting, Payroll Management, and Tax Outsourcing Services and solutions across all sectors and across the Globe particularly for USA, Canada, UK, Australia and New Zealand, UAE etc.  Aggarwal Raman & Associates (ARA) is a firm of Chartered Accountants /CPA setup by India’s eminent chartered accountant Raman Aggarwal that offers a wide spectrum of services and solutions – Accounts and Finance, Audit, Tax, Regulatory Compliances, Legal, and Advisory Services as “ONE STOP SHOP”. Outsource all your accounting needs to Indian Muneem and give new direction to your business. When you outsource accounting and bookkeeping, you have at your disposal a full team of expert and experienced accountants and bookkeepers, so your service de...