Looking for Best Chartered Accountants in Bahrain?

MIA Consulting’s Chartered Accountants in Bahrain can manage payroll processing as well as payroll accounting, ensuring that your local and foreign employees are paid on time, securely, and efficiently. At the same time, we’ll make sure you’re up to date on tax and social insurance contributions, including computation and payment. We will also keep track of each employee’s personal data and perks. We will calculate and advise you on the employee’s end of service benefits for any job terminations.

Compliance with local labour standards allows you to concentrate on your business. Our Chartered Accountants in Bahrain are familiar with the ever-changing needs of local labour and tax regulations, and will calculate social insurance contributions, allowances, bonuses, and other elements precisely, allowing you to focus on your core business. Employee compensation issues may be difficult, especially for small businesses that lack a comprehensive human resource team. Having an experienced payroll provider, such as MIA Consulting, ensures that employee inquiries regarding payroll calculations may be answered, as well as professional assistance and information on the most recent rules.

A bank account is not required for every Bahrain-registered company. We can advise you on whether your business is exempt, which will most likely be determined by its structure. You must receive an account confirmation letter from a Bahrain bank in order to obtain your business registration license. We will also provide guidance on the minimum capital necessary to start a corporate account. Our Chartered Accountants in Bahrain can assist you with selecting the correct bank and setting up your account. We can also help you acquire tax certificates, bank statements, and bank confirmation letters.

Likewise, not every Bahrain-registered firm is required to file for VAT. Some businesses are exempt, notably those with yearly revenues below a particular threshold. MIA Consulting can advise you on whether or not your business has to register for VAT.   If a corporation is not exempt from VAT and fails to register, the government considers this tax evasion and can levy a heavy penalty or even jail the company. MIA Consulting’s Chartered Accountants in Bahrain are dedicated to assisting their customers in meeting VAT regulations. To that end, we have worked with a renowned accountancy firm in Bahrain to assist our customers in completing VAT registration for their company, as well as guaranteeing precise VAT submissions and return filing.

We can assist your firm in compiling its audited financial report and submitting final reports to the Ministry of Industry, Commerce, and Tourism. Simply provide us the trial balance, and we’ll finish the report. If you do not have a trial balance, we can help you create one.