Vat Consultant
Confidential
Total years of experience :11 years, 1 Months
In this position, I perform a variety of functions, including handling tax compliance, tax efficiencies, return filing, tax reporting, and tax advisory services to clients from diverse backgrounds to comply with UAE VAT, some of my duties are as follows:
• Act on behalf of clients with regards to their tax affairs with Federal Tax Authority (FTA)
• Assistance to fulfill clients tax obligations and to exercise their associated tax rights
• Review, prepare and submit quarterly tax returns.
• Submit reconsideration requests.
• Submit voluntary disclosure applications.
• Submit refund requests where applicable.
• Submit amendment requests to update client’s records with the FTA.
• Provide ongoing VAT consultations.
• Notify about any relevant tax regulations updates
Key Responsibilities and Duties:
Tax & Compliance:
• Assisted in establishing the Tax & Compliance department through 4 Phases:
Phase 1: VAT impact assessment
Phase 2: planning and implementation
Phase 3: transition and output testing
Phase 4: post-implementation assistance
• Reviewed, prepared, and submitted quarterly tax returns.
• Provided ongoing VAT consultations.
• Notified about any relevant tax regulations updates.
Accounting:
• Prepared journal entries and reconciliations for monthly general ledger close.
• Supported month-end and year-end close processes.
• Verified, allocated, posted, and reconciled accounts payable and receivable.
• Maintained and reconciled fixed assets schedules.
Reporting & Analysis:
• Provided technical support and advice to management.
• Aligned all financial activity with the regulations of the IFRS.
• Assisted in the preparation and distribution of financial statements.
Audits & Examinations:
• Collaborated extensively with auditors during preliminary and year-end audit processes.
• Planned, assigned, and reviewed staff’s work.
Systems:
• Reviewed and recommended modifications to accounting systems and procedures.
• Assisted with testing and receiving final approval for system reports required for management, financial reporting, and general ledger reconciliations.
Banking:
• Assisted with banking activities like setting up new accounts, adding new signatures, opening letters of credits (LCs), bank guarantees (BGs), bank reconciling items and banking fees, etc.
Other:
• Produced payroll according to the Wages Protection System (WPS).
• Assisted with special projects assigned by management.
As a financial accountant, I was responsible for performing professional accounting work, including preparing, analyzing, and verifying financial records and reports.
Key Responsibilities and Duties:
• Assisted with the preparation of the annual and mid-year budgets and financial reports.
• Analyzed and reconciled bank, expenditure, revenue, and related company's account.
• Maintained internal controls by following established policies and procedures and made the recommendation as appropriate.
• Ensured that all cash, receipts, invoices, and documentation are handled in accordance with company policies and procedures.
• Prepared payments by verifying documentation and requesting disbursements.
• Ensured proper filling for supporting documentation of all financial transactions.
• Maintained fixed assets register.
• Ensured validity and accuracy of all system entries including transactions, accounts, and customer details.
• Coordinated with sales staff to document sales and created or updated customer profile records.
• Complied with applicable laws and regulations.
• Assisted with monthly stock takes.
• Worked within established policies and guidelines.
Key Responsibilities and Duties:
• Checked for errors in accounting statements and ensured that such statements are complete and accurate.
• Completed accounting records display four reports: a balance sheet, an income statement, a statement of cash flows, and a shareholders' equity statement.
• Updated and maintained expense allocation models.
• Tracked and accounted for receipts and payments.
• Maintained chart of accounts for IFRS and Egyptian GAAP General Ledgers.
• Supported audit processes and annual reporting processes.
• Followed up on correspondence with fiscal authorities and ensured that tax records are accurate.
• Worked with a senior auditor to review client's internal controls and processes.
Key Responsibilities and Duties:
• Performed financial analysis and reporting to management as needed.
• Generated financial reports and statements to Managers for review.
• Performed month-end accounting activities such as reconciliations and journal entries.
• Analyzed financial discrepancies and recommend effective resolutions.
• Monitored expenditures, analyze revenues and determine budget variances and report the same to management.
• Responded to accounting inquiries from management in a timely fashion.
• Provided guidance to other Accountants when needed.
• Assisted in budget preparation and expense management activities for assigned accounts.
• Assisted in auditing activities by providing necessary information and preparing requested documentations.
• Monitored and recorded financial transactions according to company policies and regulations.
• Reviewed and recommend changes to existing accounting procedures.
• Maintained customer confidence and protects operations by keeping financial information confidential.
• Maintained professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
• Accomplished the result by performing the duty.
• Prepared monthly Wages and Salaries.