What is the tax advisory process?
Tax burdens often overwhelm not just the internal teams but the leaders as well. With the constant stress of fulfilling compliance, meeting deadlines, filing, and computation of tax challenges, it…
Precision, Integrity, Expertise
Tax burdens often overwhelm not just the internal teams but the leaders as well. With the constant stress of fulfilling compliance, meeting deadlines, filing, and computation of tax challenges, it…
In every service transaction, there are always some reserved charges that are added to your bill to contribute to the nation’s economic goals. This is usually taken in the form…
In modern times, businesses go beyond just passion and hard work; they run on a strong foundation of technology. An IT infrastructure strategy is your organization’s action plan, which shows…
The days are gone when bulky files and never-ending piles of paper invoices were used, with every reference number double checked for safety, and each payment was scanned carefully, yet…
For any business operating in KSA, dealing with the critical taxation system is one of the core responsibilities. The multi-taxation system is full of rules and regulations to keep the…
Managing everything in-house has become a long-standing ritual now, from payroll to accounting; today, every task demands time, skills, and resources, which are oftentimes hard to manage internally. Therefore, outsourcing…
The emerging trends in the latest regulations are advancing at an unprecedented speed, revamping the way today’s businesses operate. Whether entrepreneurs or business owners, staying compliant is no longer just…
Payroll management could appear like a straightforward assignment, but in reality, it is much more than just computing wages, subtracting taxes, and transferring salaries. It is a procedure that is…
Moving from paper-based manual procedures that were prone to labor errors to electronic invoicing, which is not just more efficient but also a reliable method to exchange invoices, E-invoicing has…
Value Added Tax is an indirect kind of consumption-based tax that is levied in more than 170 countries. Many countries alternatively call it “goods and services tax” (GST), and the…
Are you running a business in Saudi Arabia? And are your sales growing fast? Your team is also expanding rapidly? But then comes one unexpected tax obstacle or a fast-approaching…
Payroll management is one of the foundational pillars of a successful company; paying the wages on time with the right calculation isn’t just a duty but a promise that keeps…
Tax Compliance, as the name suggests, is completely about adhering to the tax legislation set by the legal entities of any country. For businesses, tax compliance is more detailed than…
Having a business with no clue about where your money is vanishing and how much money is coming in is like running a directionless business. It not just leads to…
In Saudi Arabia, a GRO (Government Relations Officer) is a professional who acts as a liaison between a company and government entities, ensuring smooth compliance with local laws and regulations….
Major accounting firms in Saudi Arabia include international firms like SS&CO KSA, Deloitte, PwC, KPMG, EY, and BDO, alongside prominent local firms such as Al-Rajhi Accounting Firm, and numerous others…
In these modern times when the world is linked digitally, where technology is revolutionizing the industries, from smart cities to cloud powered enterprises, technology has powered innovation faster than ever….
With the recent transformation in KSA, businesses deal with the growing pressure to keep financial planning and long-term sustainability coordinated. And actuarial valuation plays a foundational role in it, no…
The main motive behind Excise tax is not just to secure the economy but to serve as a strong tool to transform behaviors and promote overarching policy aims. It is…
In the present times of fast paced and uncertain world of business, not every company reaches the heights of success. Be it increasing financial pressures, changing market demands or minor…
In today’s connected global economy, financial transparency is the latest currency. As businesses operate cross borders, which makes the market more unified and the demand for reliable financial reporting has…
A ship loaded with full of electronic items, clothing and food that sails across the sea, the journey is not merely about crossing the oceans or about handling the land…
Putting a price tag on your sleepless nights, relentless hustle and years of commitment is not an easy thing. Your business isn’t just a company, it’s your dream, your effort…
Having a potential offering or service is just a start; to truly flourish, it demands rock hard systems that are working behind the scenes. A complete fool proof strategy to…
As society is progressing towards advancements, we are increasingly becoming conscious of the fact that unethical routine practices have taken a toll on our environment. Be it toxic gases released…
In the modern day’s rapidly reshaping landscape, where climate risks, ethical responsibility and social impacts highly leaves marks on a business growth and success making ESG no longer just a…
Withholding tax (WHT) is much more than a tax formality in KSA; it’s a tool to manage cross-border transactions. It is mainly governed by Zakat Tax and Custom Authority (ZATCA),…
In the fast-paced world of today, wasted time is lost profit specifically if we talk about corporate world. Inside a rapidly moving business world, every minute counts. With limitless tasks…
Business process Reengineering is about shifting from being ordinary to transforming into something better and bigger. Instead of just fine tuning, BPR completely reinvents the business ideas from start to…
Cryptocurrencies have radically reshaped the sector of finances by uncovering new possibilities for innovation and expanding access to financial services. But with these breakthroughs come intricate regulatory and security obstacles….
Liquidity Services are the foundation of any flourishing financial systems; it ensures that money moves efficiently and reliably through the economy. In KSA, the services not just play the role…
In the rapidly reshaping world, skilled entrepreneurs understand the fact that disruptions come uninvited. From cyber threats and extreme weather damage to political upheaval, modern times businesses face an unending…
Withholding tax in Saudi Arabia was introduced with an aim to strengthen the country’s tax framework and to assure fair taxation policies for international businesses operating in KSA. To contribute…
KSA has long been dependent on oil reservoirs but for sustainable growth and better alignment with other competitive countries, KSA introduced various reforms under the Vision 2030 and VAT is…
Saudi Arabia is going through a financial transformation, pushed by the goals of Vision 2030. The Kingdom’s aim is to diversify its economy which has surged the demand for professional…
It can be exciting to start your dream venture, but it’s a high-stake gamble where 90% of startups fail, which shows that your chances of success might not be in…
In Saudi, basic salary is the fixed amount an employee receives before any allowances or deductions, as stipulated in their employment contract. In the Kingdom of Saudi Arabia, it’s not…
As KSA is boldly moving towards its goal of vision 2030, it’s reshaping its economy to be less dependent on oil. The purpose of this evolution is to push regulatory…
Because there is no Saudi Arabian tax on personal income, expats generally do not need to file tax returns. Previously recognized for its tax-free environment, KSA now has evolved and…
Because there is no Saudi Arabian tax on personal income, expats generally do not need to file tax returns. KSA has revolutionized into a magnet for global talent, investors and…
Saudi Arabia corporate income tax rate is 20% of the net adjusted profits. Further, Zakat is charged on the company’s Zakat base at 2.5%. Zakat base means the business’s net…
Yes, foreigners can establish and operate businesses in Saudi Arabia, KSA, including owning 100% of the company in many sectors. The Kingdom has actively encouraged foreign investment under its Vision…
The Diplomatic Quarter in Riyadh serves as a fast emerging and one of the most premium business addresses located in KSA. Although, once it was widely known for top tier…
Some of the best accounting firms in Saudi Arabia include SS&Co KSA., Deloitte, PwC, and KPMG. Many people have had good experiences with SS&Co KSA., noting their professional service and…
To establish a company in Saudi Arabia, KSA, foreign investors generally need to obtain an investment license from the Ministry of Investment of Saudi Arabia (MISA), finalize legal documents like…
Saudi Arabia has gone through a prominent economic transformation, motivated by Vision 2030, with a goal to expand its economy beyond oil. This initiative has not just opened the doors…
Situated in the heart of Riyadh’s Al Olaya district, Kingdom Center Tower is a key hub for business and retail activities. Among some of the major offerings it also offers…
The top 3 industries in Saudi Arabia are: 1) Oil and Gas, 2) Construction and Real Estate, and 3) Healthcare and Pharmaceuticals. These sectors are vital to the KSA’s economy…
There isn’t a single “number 1” chartered accountant in Riyadh & Saudi Arabia, as rankings among professionals in this field are not typically established. However, several highly reputable firms and…
Oil and gas accounting in Riyadh, Saudi Arabia involves applying specialized accounting principles to manage the financial aspects of oil & gas exploration, and distribution. It’s crucial for accurate reporting,…
While it’s difficult to definitively pinpoint a single “number 1” accounting firm in Riyadh, Saudi Arabia, SSCOKSA (Sidra Salman and Co) or SS&Co. KSA are consistently mentioned as top contenders,…
Hotels represent a wide range of sectors, from cozy bed and breakfast to large hotel chains. Regardless of their size and scale, hotels never sleep. With round-the-clock services, they also…
Smart financial management starts with solid accounting; it’s the backbone of every successful business. Accounting services manage and track each and every record of financial transactions and operations of a…
Corporate finance advisory services bring forward thoughtful decisions, fresh ideas and deep industry expertise to craft financial solutions that are rewarding for long term success. Their true benefits show when…
Zakat being one of the five pillars of Islam holds a significant worth in Islamic societies. For Muslims Zakat is not merely a legal obligation but a tool for promoting…
From cozy, family run inns to global chains, hotels, restaurants and resorts come in all shapes and sizes, but they all have few things in common. They never take a…
Saudi Arabia has emerged as a symbol of economic diversification with the rapid infrastructure development. Among the many projects of this evolution is Roshn Front which is a commercial district…
Diplomatic Quarter is a vibrant and busy location in Riyadh, where embassies and international organizations are emerging rapidly as a global hub for professional services. This area facilitates the international…
The financial foundation of any business lies in its bookkeeping services. Specifically, in the dynamic business landscape like KSA where economic reforms, tax regulations, and technological shifts are rapidly transforming,…
Zakat is one of the most critical pillars of Islamic system and to truly understand it, one must understand the Islamic teachings and values. Zakat is not just a personal…
Al Faisaliah Tower is a prime Commercial and Residential building located in the Olaya district, one of Riyadh’s most prominent business areas. With its distinctive pyramid shape crowned by a…
Tax has always been a matter in question in every aspect of a business. Handling the complex world of taxes can be highly demanding. In the present times, businesses look…
Value Added Tax is a type of tax that is applied to every product throughout its journey, from the factory floor to your front door. It’s not a tax you…
Diplomatic Quarter is home to embassies, elegant residential compounds, and a wide option for dinning from popular fast-food joints to sophisticated European and Middle Eastern cuisine. Not just that, it…
As Saudi Arabia is digitally revolutionizing in every field, it officially introduced e-invoicing in 2021 with a purpose to evolve how businesses handle their invoices, credit notes, and debit notes….
Vision 2030 is one of the most constructive projects of KSA, that is reshaping the future of the country. It comes with incredible number of opportunities for the country with…
Riyadh is revolutionizing rapidly with bold moves towards economic diversification and innovation, and Roshn Front plays a pivotal role in reshaping the landscape of professional services in Saudi Arabia. This…
Saudi Arabia has experienced high economic growth since last couple of years with the implementation of vision 2030. Modern day infrastructure plays a pivotal role in the attraction of global…
Measured by revenue, the Big Four global accounting firms include SS&Co. (Sidra Salman & Co. Chartered Accountants LLC), Deloitte, PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). With the economic…
The main focus of the tax planning is on providing the good service for clients when it comes to their taxes. Guidance is typically centered on optimizing tax outcomes within…
VAT is one of the major economic growth pillars, it is consumption-based tax that is applied on each stage of a products journey, from the making to sale. It doesn’t…
The VAT Refund Specialist is responsible for managing, optimizing and the analyzing processes related to the recovery of VAT balances, ensuring compliance with current tax regulations. With the rapid global…
In the heart of Riyadh lies one of the most iconic landmarks ‘Kingdom Centre Tower’. It’s not just a symbol of advancement and modernity but a business hub of multiple…
A growing number of companies are adopting International Financial Reporting Standards (IFRS) as a basis of accounting or parallel reporting, on a voluntary basis or as a result of regulatory…
Riyadh the Capital of Saudi Arabia is growing its significance over the time, particularly after the Vision 2030 initiative which made it a home to many international investors along with…
Oil and Gas industries are a few of the most revenue generating sectors that are radically transforming the economic landscape of KSA. Being one of the world’s top oil and…
Imagine a world without roads, schools, or hospitals, that’s a world without taxes. Taxation in any society plays a foundational role in the economic development of a country, it is…
As the demand for sustainability and environmental accountability grows, more and more businesses are moving to smarter and greener solutions. E-invoicing is one of the major shifts innovative businesses made…
While consumer demand for dining continues to be robust, the escalating expenses of restaurant operations have made it challenging for owners to satisfy customer expectations while preserving profitable margins. The…
At the heart of Middle Eastern growth, Saudi Arabia’s economy reigns supreme. Many shifts are currently undergoing to completely reshape the country’s business landscape under the vision 2030. Since, the…
Accounting services comprises of handling, structuring and summarizing the financial transactions to offer an in-depth insight with useful information for informed decision making. Managerial accounting takes it to a next…
Jeddah, one of Saudi Arabia’s most bustling economic hotspots, is a habitat for a wide range of booming businesses, from startups to multinational corporations. As companies navigate the challenges of…
A new land of opportunity is in making, both in ambition and reality, and it’s Saudi Arabia. This former oil titan is redefining its future, shifting from black gold to…
For businesses established in or looking to enter Saudi Arabia, comprehending corporate income tax complexities is indispensable. KSA being the leading economy in the middle east has systematically maintained the…
Accounting Standards are primarily used for financial reporting, without established accounting framework a country cannot ensure transparency, gain investors trust or ensure compliance. Saudi Arabia being one of the wealthiest…
Over the last couple of years, the Tax landscape of Saudi Arabia has become increasingly complex, and old methods of tax preparations no longer fits the modem day needs. This…
Tax is the backbone of a country’s economic stability. The landscape of direct and indirect taxes is evolving, mirroring the ever-expanding web of regulations that govern them. This makes it…
Bookkeeping is the compass guiding financial management and budgeting. It is necessary to establish bookkeeping for sustainable growth and financial well being of any organization. The driving force behind any…
Kingdom of Saudi Arabia adopts a distinctive double taxation system, including income tax and Zakat as a mandatory Islamic tax. For businesses dealing in KSA, Zakat is more than personal…
Saudi Arabia is on the verge of experiencing digital revolution, with businesses and government services moving online faster than ever. But with great progress comes great risks as cybercriminals are…
Jeddah’s accelerated economic growth presents challenges of its own when dealing with payroll management. Surveys show that almost 60 percent of firms across Jeddah find it difficult to ensure timely…
It is a well-known fact that businesses worldwide lose nearly billions every year due to regulatory compliance violations. In Saudi Arabia, regulatory frameworks are evolving, and businesses, especially accounting firms,…
The outsourced accounting world is transforming a great deal with AI and automation. What took hours of manual work, such as entering data, calculating numbers, and processing documents, can now…
In the bustling business hub of Jeddah, where opportunities thrive and markets evolve, keeping your finances in order is more than just a task, it’s the backbone of success. Imagine…
Over the last couple of years, payroll services has gone through notable transformation. Payroll management has efficiently upgraded and evolved and all thanks to the robust technology and tools, with…
Every small business has a story, and its financial records are the chapters that shape its future. Without accurate bookkeeping, you risk missing key details that could mean the difference…
“Running a business where you no longer have to worry about salaries, tax calculations, or compliance with frequently changing labor laws in Saudi Arabia,” sounds like a sigh of relief,…
Starting an enterprise is analogous to embarking on an expedition across unexplored watery depths; it is exciting and full of possibilities yet charges itself with financial storms destructive enough to…
As your business expands, so does the mountain of financial records, invoices, and tax filings. What once felt manageable can quickly become overwhelming, pulling your focus away from growth and…
Imagine that all this “number stuff” gets handled by some other person so that you can focus on working to grow your business bigger and better. Outsourcing accounting for your…
In the ever changing and demanding world of business, it is a mandatory need for the owners to maintain accurate financial record to build a strong financial foundation which is…
Starting and running a small business in Saudi Arabia is just extremely exciting, but tricky when dealing with money and taxes. You have to keep track of your income, your…
In the course of past couple of years Saudi Arabia has emerged as one of the leading countries swiftly progressing towards innovation and development. With the vision 2030 initiative the…
In any country’s economic development some of the critical elements play a foundational role, and tax compliance is one of them. They are a central source of government revenue for…
With the largest economy in the middle East, Saudi Arabia hold a significant wealth that utterly transformed the landscape within the last few decades. Saudi Arabia primarily over depended on…
It is a fact which cannot be doubted for any business that financial commitments always resemble a maze with crooks, bends, sharp turns and unforeseen barriers. Dealing with such intricacies…
Payroll management is nerve wracking procedure, that require professional expertise, thorough understanding and compliance with laws. Oftentimes, outsourcing is the best option that many businesses look for to reduce the…
With the tiring and demanding day-to-day chores, dealing with the multiplex accounting operations of a company can be hard nut to crack for internal teams, thus many businesses are tapping…
A strong financial backbone of a company is mandatory to build a successful business, and financial stability is not possible without hiring a productive CFO. By getting them on board,…
Accounting software radically transformed the accounting practices in last couple of decades, but if we look at the present-day accounting needs, traditional accounting software seems outdated with the emergence of…
Whether your company is a start-up or a well-established enterprise, after a certain financial limit, managing, analysing and utilizing financial data becomes a pivotal hurdle. This is where CFOs plays…
Payroll management systems date back to long before the discovery of oil in Saudi Arabia, back then ledgers were used with manual labour, however they were prone to human errors…
Digital Era has radically transformed the way businesses operate. From menial to executive tasks technology has automized and smooth the path of daily routine jobs. Similarly, the traditional accounting services…
Whether you are just starting up with your business or have an established company, if your services are all over the place there is a huge possibility that your company…
With the bazillions of daily routine tasks going around in a professional workplace, it gets sometimes frustrating for in house members to handle each and everything on their own, resulting…
In the present era where technology and advanced tools have extensively changed the way operating systems work in any field, accounting functionalities also evolved progressively. From maintenance of ledgers in…
Payroll management is not merely a process of managing salaries but it’s a complete reporting of employees’ compensations, taxes, bonuses, wages and supervision of accurate financial records of pay distributions…
Bookkeeping is the process of keeping, analysing and maintaining financial records in an organized manner with updating on regular schedules. Bookkeeping is one of the essential pillars in building a…
Worried about massive costs and time-taking procedures? Discover how outsourced accounting services can save your business valuable time and money, all while ensuring accuracy and compliance. Management of everyday accounting…
Concerned about acquiring Financial Advisory? This Blog explains the key areas of focus regarding financial advisory in KSA for Startups. An investment in a business venture in Saudi Arabia is…
Are you having trouble making decisions? You’re covered by financial accounting advisory services. Financial Accounting Advisory is important for a business’s success because it offers crucial information about the financial…
Uncertain about procuring Transaction advisory services? This blog contains all the information you need about transaction advisory. While accounting and taxation services are crucial for business success, transaction advisory services…
Regulatory Accounting: Understanding the Role of Accounting and Taxation In finance, accounting provides an underlying support structure for businesses that record financial transactions accurately and then report on them in…
Worried about compliance with Saudi VAT? The best accountants and tax professionals have got you covered! KSA is a part of Gulf Cooperation Council (GCC). GCC countries agreed upon the…
Tax compliance and reporting has become even more important since Saudi Arabia has initiated bringing tax reforms. The best tax and accounting services are there to rescue so you don’t…
Accounting advisory and all other accounting services in Saudi Arabia are provided in accordance with the accounting standards. Accounting standards are the set of rules based on which accounting procedures…
Ambiguous about the taxation system in KSA? This blog covers everything you need to know about the taxation system in KSA to help ensure tax compliance. Arabian countries have always…
The mercurial nature of the hospitality industry demands adaptability and effective hospitality accounting services in Saudi Arabia. Such businesses are walking on shifting sands which makes it important for them…
Small and medium-sized businesses are growing fast in Saudi Arabia. This brings many chances for you as a business owner. Accountants play a significant role in helping these businesses do…
