Bahrain
Accounting and Payroll in Bahrain
Recent forum posts
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Starting a new business in India
I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make
Total Posts: 9 Last post by Mohammed020
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starting a business
Hi There!I was looking to bring in a skincare range from America to sell in UK, what legal procedures do I need to abide by? ie. licensinglaws, testing etc
Total Posts: 6 Last post by Jpm
Accounting in Bahrain
It is recommended, and probably in your best interest, to employ an accountant in Bahrain. They'll nearly always save money, and more importantly, will make your business the most financially efficient it can be. Used wisely, accountants can make your business in Bahrain more profitable than ever.
Accountants in Bahrain provide a range of services. They can look after everything financial, from fundamental book-keeping to more expert advice. You could hire accountants in Bahrain simply to prepare financial statements for your tax return in Bahrain, or you may require them for other added-value services such as auditing. Accounts must be audited each year, unless the company or region you are based in is exempt.
It is essential to choose an appropriate accountant for your circumstances. If you just want an accountant to take care of your book-keeping, then a small firm will probably suffice. However, if you require astute financial and planning advice, a larger, more reputable company might be needed. Check they're chartered / registered with a recognised accounting body. It is important to lay out exactly what you want them to do for you and what the charges will be.
Keeping a sound financial record is essential. Apply yourself. Have a good system in place and then the time that you do spend on accounts won't be so burdensome. Ensure you retain receipts for everything you buy. It is recommended that you keep a ledger or book with the details of what the receipt is for. Keep a record of all sent and received invoices too. These will keep you informed that you've been paid or have money owing, etc.
Ultimately, applied and diligent record-keeping will keep your accountancy costs low.
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Organisations that can assist with Accounting and Payroll
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> Accountancy Or Tax Issues?
Do you need an accountant or tax advice in this country? Helping foreign companies with local tax regulations.
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> Sovereign Group
Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.
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> Blue Marble Global Payroll
Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.
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> PEO Worldwide Limited
PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.