Assistant Manager - Accounts and Taxation
Al Rashideen Group
Total years of experience :13 years, 3 Months
Assistant Manager - Accounts and Taxation - Retail and E-Commerce Key Deliverables: Senior Accountant - Taxation, UAE & Bahrain Strategic Planning: Evangelize business and financial outlook by formulating and implementing the financial strategies that support the business vision. Prepare the group businesses for corporation tax through tax/business planning. Finance Management: Manage accounting, budgeting, financial systems, internal controls, financial benchmarking, general ledger, and financial analysis. Taxation: Perform the amendment of tax group and tax registration for group companies. Formulate and reconcile the VAT, Customs, and Excise reports per the Finance Manager's directions. Tax Obligations: Handle the timely and complete processing of internal and external tax reporting and managing the company's tax obligations. VAT Compliance: Verify the documents for VAT and Excise Tax compliance. Claims Management: Handle all the manual and online expenditure claims verified for VAT conformity.
EMPLOYMENT DETAILS
VAT SOPs: Responsible for drafting and executing standard operating processes-VAT for 6+ corporations by analysing the entities' processes in each tax scenario and how they differ from the legislation. Deliver training to each entity's accounts and sourcing/procurement teams to execute SOP. Documentation: Review export papers and confirm VAT-mandated documents. Prepare and handle all VAT-compliant paperwork and other actions. VAT Legislation: Identify vendor/customer agreement modifications to comply with VAT legislation. Assess each company's VAT preparedness and propose to comply with VAT laws. Registrations: Obtain the TRN for new stand-alone organizations and tax groups, add and delete entities from the tax group, and update ownership changes with the FTA to prevent fines. Group the TRNs to simplify intercompany billing accounting. Compliance: Adhere to tax laws to prevent government interference. Accounting: Review the accounting standards, develop a quality culture for the accounts team, and ensure accounts paperwork meets quality requirements. IT Management: Handle the Financial, VAT and Excise Tax system changes with IT. VAT Returns: Manage the monthly and quarterly VAT returns and payments. Maintain a track record of all the VAT return filing transactions. Accountable for preparing and reconciling VAT filing paperwork. Excise Returns: Prepare, pay payments, and timely file the monthly excise tax returns. Declare excise tax on imports and goods transit across zones. Manage the cost of all excisable imports. Purchase Registers: Develop and maintain the monthly purchase registers for all goods imports. Excise Products Management: Manage the product listing and amendment with FTA for excise tax and excise goods destruction. Government Liaison: Hold the tax meeting with government officials. Reporting: Prepare the analytical reports for the Finance Manager and top management. Auditing: Assist the auditors with questions and conduct the audits. Cost Control: Execute cost-saving initiatives with departments to save costs. Team Leadership: Provide financial support, advice, and expertise to maximize value and deliver direction to the finance teams. Accounting Supervisor - Retail and E-Commerce Prepared and maintained the retail finance and accounts. Held responsible for producing, maintaining, and submitting the monthly management reports. Supervised the accountant's daily business operations in the book of accounts. Developed the month-end management/brand operations reports. Prepared, followed the financial schedule and assisted in annual audits. Assisted in month-end closure while ensuring accuracy within the retail financial statements. Prepared and timely filed the VAT returns and compliance matters. Examined and approved the company's monthly WPS payroll. Looked after the vendor and supplier accounts payable per contract. Rectified the entries and cash-in-hand discrepancies.
Key Deliverables:
Engaged in external, internal, interim, stock audits, due diligence, agreed-upon procedures and investigation audits of companies. Handled the core accountability of VAT return preparation and filing. Maintained and finalized the Books of Accounts of Companies. Supervised the complete accounts, and formulated, and finalized the financials and reports. Directly reported to audit manager and partner. Provided statutory compliance services to the clients.
Assisted in the statutory and tax audits for numerous companies, firms, and educational institutions.
Engaged in the statutory audits of nationalized bank branches.
Delivered support in the internal audits and concurrent in banks and companies.
Maintained and assisted in finalizing the company books of accounts.
Oversaw the ROC, E-TDS, Service Tax, VAT, and Income Tax Returns.
Formulated detailed techno-economic feasibility reports, strategies, and business plans.