CRESCO Accounting

A chartered accounting and auditing firm, CRESCO Accounting works from three locations: Dubai, Cebu and Mahe, the last in the Seychelles. It works with offshore and onshore companies and says the three offices share workloads, which lets it keep response times and pricing competitive for clients of very different sizes. Its clients range from small businesses to large groups.

Three offices sharing the work

The firm describes itself as a single practice across three jurisdictions. Its accountants in each office are chartered professionals with their own specialisms, and the firm says it adheres to local accounting principles and to the rules of each regulator it works under. It says it has a low staff turnover, which it believes gives clients a stable team and lets staff become specialists in particular industries. The group behind it is described as a holding company, and the firm says it is ISO certified.

Tax agent work before the FTA

In the UAE, the firm is a registered tax agent, which means it can act as a client's representative before the Federal Tax Authority. Its tax work covers VAT returns and UAE corporate tax filings, with the aim of preventing penalties and fines. It says it assesses a client's obligations, speaks for the client on tax matters and pursues any entitlements that apply.

Audit reports and benchmark comparisons

The audit service checks a company's books and issues an audit report. The firm says each report includes findings explained against benchmarks and comparisons with other well-run firms, so that owners can see how their figures stand. Bookkeeping work processes documents to the legal standard for records and gives owners up-to-date figures to run the business.

Payroll and closing down a company

Payroll is run on a customisable online platform and can be tailored to each business. The reports produced support tax and compliance filings, and the firm says it can take on a payroll with a minimum number of employees per pay day. Liquidation work covers closing a company legally and properly, with specialists from other firms in the same group brought in where needed.