Client Overview

Our client, a general trading company, faced challenges in managing tax compliance and preparing for an upcoming audit by the Federal Tax Authority (FTA). With a broad range of trading activities, ensuring accurate tax records and compliance with FTA regulations was crucial to avoid penalties and maintain smooth operations.

The Challenge

The client encountered several issues, including:

· Incomplete or disorganized tax documentation

· Uncertainty about FTA audit requirements

· Risk of penalties due to potential non-compliance

· Lack of internal expertise to handle an audit efficiently

Our Solution

Build Your Business provided a comprehensive tax review and audit preparation service, ensuring the client was fully prepared for the FTA audit. Our approach included:

1. Comprehensive Tax Review – Conducted a detailed analysis of the client’s financial records, tax filings, and VAT compliance.

2. Documentation Assistance – Organized and compiled all necessary documents, including invoices, tax returns, and financial statements, ensuring they met FTA requirements.

3. Audit Preparation & Training – Educated the client’s finance team on best practices for tax compliance and how to handle FTA inquiries.

4. Liaison with the FTA – Acted as an intermediary between the client and the FTA, ensuring smooth communication and clarifying any regulatory concerns.

Results

· Successful FTA Audit Clearance – The client passed the audit without penalties or major findings.

· Improved Tax Compliance – Streamlined tax processes and proper documentation reduced future compliance risks.

· Confidence in Handling Audits – The client’s finance team is now better prepared for future audits and compliance requirements.

Client Overview

Our client, a general trading company, faced challenges in managing tax compliance and preparing for an upcoming audit by the Federal Tax Authority (FTA). With a broad range of trading activities, ensuring accurate tax records and compliance with FTA regulations was crucial to avoid penalties and maintain smooth operations.

The Challenge

The client encountered several issues, including:

· Incomplete or disorganized tax documentation

· Uncertainty about FTA audit requirements

· Risk of penalties due to potential non-compliance

· Lack of internal expertise to handle an audit efficiently

Our Solution

Build Your Business provided a comprehensive tax review and audit preparation service, ensuring the client was fully prepared for the FTA audit. Our approach included:

1. Comprehensive Tax Review – Conducted a detailed analysis of the client’s financial records, tax filings, and VAT compliance.

2. Documentation Assistance – Organized and compiled all necessary documents, including invoices, tax returns, and financial statements, ensuring they met FTA requirements.

3. Audit Preparation & Training – Educated the client’s finance team on best practices for tax compliance and how to handle FTA inquiries.

4. Liaison with the FTA – Acted as an intermediary between the client and the FTA, ensuring smooth communication and clarifying any regulatory concerns.

Results

· Successful FTA Audit Clearance – The client passed the audit without penalties or major findings.

· Improved Tax Compliance – Streamlined tax processes and proper documentation reduced future compliance risks.

· Confidence in Handling Audits – The client’s finance team is now better prepared for future audits and compliance requirements.