Xramile

WHAT IS TAX MANAGEMENT?

Taxes are mandatory financial contributions imposed on organizations by a governmental entity, which are used to fund public services and programs. Every country runs its independent tax regulations, such as the Tax and Zakat system in Saudi Arabia, but there are some universal types of taxes, such as income, payroll, corporate, sales, property, and tariff taxes.

Taxes are calculated differently based on the different types of income. tax rulings, on the other hand, are constantly changing, and are becoming more and more complex; this is why businesses and individuals alike should pay careful attention to calculating and handling their tax compliances regularly.

HOW DO WE DO IT?

We dig into the depth of our client’s company, thoroughly analyzing every aspect of their offerings and finances and ensuring proper tax mapping; in order to simplify tax (and/or Zakat) management and provide accurate and compliant end-to-end tax calculations and reporting solutions, fully customized to their needs, company size, and region.

WHAT IS ACCOUNTING & BOOKKEEPING?

Bookkeeping is the process of recording a company’s financial transactions on a regular basis, like purchases, sales, payments, and invoices; which can ultimately provide companies with reliable performance tracking and help them make informed financial decisions. Accounting is the process of classifying, analyzing, and reporting financial data in order to monitor cash flow, prepare for futuristic plans, and make all the company’s finances clear for partners and shareholders.

HOW DO WE DO IT?

Employing the latest industry tools and software, our team of detail-oriented accounting & Bookkeeping seniors provides the hands-on and secure workflow to bring you peace of mind; by assisting you through consciously launching your new business or optimizing your existing one, providing real-time insights into your business finances, reducing costs and risks, and maintaining good records.

WHAT IS AUDITING?

Audit refers to the inspection and revision of an organization’s financial statements; to ensure the financial health of the company and that all the records and documents are accurate with no misrepresentation or fraud conducted. Audits are also performed to make sure that all the company’s financial statements are made according to the relevant accounting standards.

Income statements, balance sheets, and cash flow statements are the three major financial statements to be audited.

Audits are usually done by an internal employee within the organization, or externally by an outsourced certified accounting firm or an independent auditor.

HOW DO WE DO IT?

We deploy our multidisciplinary accounting and auditing experts who have a full understanding of the continuous change in today’s market scene on one hand, and the nature of the audit and financial reporting on the other. Our mission is to leave no stone unturned in providing you with the highly-accurate, transparent audits and reporting, and the assurance you need to run your business with confidence and security.

WHAT ARE FEASIBILITY STUDIES?

Feasibility study or analysis, in simple terms, is the process of assessing the practicality of a certain idea, system, or project in terms of cost and value. There are numerous feasibility studies, which include technical, financial, market, and organization.

The primary purpose of feasibility studies is to outline the strength and weakness points, potential opportunities, and risks of a proposed project.

The feasibility study is conducted by analyzing legal, economic, and operational factors, and includes an offerings’ description, accountancy & financial statements, marketing research, and tax obligations.

HOW DO WE DO IT?

Equipped with high-impact research tools and industry-specific expertise, We work collaboratively with you to understand your business in-depth, conduct accurate financial assessments, and drive qualitative and quantitative insights necessary to help you make more informed decisions and faster progress.

WHAT ARE COMPANY FORMATION AND REGISTRATION?

Company formation, also known as company registration, is the process of registering a business in the form of a limited company. In the eyes of law, this company becomes a separate legal entity- meaning that it’s treated separately from its owners in terms of finances, liabilities, and ownerships, and is responsible for its own finances far from the owners’.

It’s critical for companies after being incorporated to stick to certain legal and accounting practices in accordance with the national laws and regulations to ensure financial and legal security.

HOW DO WE DO IT?

From the promotion phase to the commencement of your business, our team of legal and financial experts and attorneys is ready to take care of all the legal and financial procedures to set up and secure your company, ensuring that all your paperwork and legal affairs are, safely and accurately, in order.

ACCOUNTING SYSTEM:

The accounting system is the set of accounting integrated procedures, where businesses can record and put all their transactions including invoices and bills. The end goal of accounting systems is to create reports that include all financial transactions, such as balance sheets and profit & loss accounts, ultimately helping companies make financially-wiser decisions. Accounting systems can be done on paper or in high-tech accounting software depending on the company’s size and assets.

FINANCE MANUAL:

Finance manuals are internally-created guideline that includes a company’s financial procedures and policies, with the purpose of helping finance personnel and new employees understand the financial systems and how to manage the finances within the organization. It typically contains data about the company’s departments, types of accounting used, and reporting requirements.

HOW DO WE DO IT?

Combining technology with expertise, We offer the full range of accounting systems and finance manuals set up and management solutions for companies of any size to help coordinate and track their legal, accounting, and financial responsibilities with ultimate efficiency and agility.