37% of UAE SMEs Now Outsource Accounting, Matching Global Trends Says Tax Expert
ADJC, a leading accounting firm specializing in financial and tax advisory services, has observed a significant shift among small and medium-sized enterprises (SMEs) in the UAE toward outsourcing their accounting functions. This trend is driven by the need for cost efficiency, compliance with evolving regulations, and access to specialized expertise.
Recent global studies indicate that approximately 37% of small businesses outsource their accounting services according to a recent study by Invedus and the UAE market mirrors this global trend. Many UAE-based SMEs are increasingly opting for outsourced accounting solutions to ensure regulatory compliance while optimizing operational costs.
Iftikhar Qazi, Business Manager of ADJC and a renowned tax expert in the UAE, highlights the benefits of this approach: “Outsourcing accounting services provides SMEs with access to specialized knowledge and advanced technologies that might otherwise be cost-prohibitive. This not only ensures compliance with the UAE’s financial regulations but also allows business owners to concentrate on growth and innovation without the administrative burden of an in-house accounting department.”
The UAE’s dynamic regulatory environment necessitates that businesses stay updated with the latest financial laws and standards. Outsourcing firms are equipped with professionals who continuously monitor these changes, ensuring that SMEs remain compliant and avoid potential penalties.
Moreover, outsourcing offers a cost-effective solution for SMEs. Maintaining an in-house accounting team involves expenses related to salaries, training, and infrastructure. In contrast, outsourcing allows businesses to pay only for the services they need, leading to significant cost savings.
“In today’s competitive market, SMEs must leverage every advantage to succeed. Outsourcing accounting functions is a strategic move that offers both financial and operational benefits, positioning businesses for sustainable growth,” adds Qazi.
ADJC continues to support SMEs by offering tailored outsourcing solutions that meet the unique needs of each business, ensuring financial accuracy, compliance, and strategic insight. The company is a premier consultancy firm based in Dubai and specializes in financial management, tax advisory, and compliance services. With a team of seasoned professionals, ADJC is committed to delivering customized solutions that drive business success.
Last Updated on 6 days by PR News Desk
