FAQs
What services do you provide?
Life Board provides professional and top-tier services in the areas of Auditing & Assurance, Risk Management, Tax, Accounting, Internal/External Audit, AML/CFT Compliance, Company Formation and ESG Advisory. We also offer advisory services and management consultancy to help clients make pivotal business decisions.
How can your firm help me with my business's financial health?
Life Board’s experienced team can provide in-depth analysis and insights into your financial records, help you manage risks, optimize tax strategies, and maintain compliance with regulatory standards. Our services enable you to make informed decisions that contribute to your business’s financial health and success.
How can you assist with tax planning and compliance?
Life Board’s experts are well-versed in tax regulations and can guide tax planning strategies tailored to your business. We can assist with tax compliance, preparation, and filing, ensuring that you meet all legal requirements and optimize your tax position.
How can proper bookkeeping improve my business's financial health?
Proper bookkeeping helps you maintain accurate and organized financial records, which enables you to track your business’s financial performance and make informed decisions. It also helps you identify areas for cost savings and ensures timely and compliant tax filings.
What is internal audit, and why is it important for my business?
How can a Part-time CFO benefit my business?
A Part-time CFO can provide strategic financial guidance, improve financial management processes, and help you make data-driven business decisions. They offer cost-effective expertise in budgeting, forecasting, financial analysis, and risk management.
What is Corporate Tax (CT)?
This is a form of direct tax levied on the net income or profits earned by a corporation or other businesses. It is also known as “Business Profits Tax” or “Corporate Income Tax” in various regions.
What is AML/CFT compliance, and why is it important for my business?
AML/CFT compliance refers to the set of regulations and procedures designed to prevent money laundering and the financing of terrorism. Your business needs to adhere to these regulations to avoid legal penalties, protect your reputation, and maintain the integrity of the financial system.
What services do you provide for AML/CFT compliance?
Life Board offers comprehensive AML/CFT compliance services, including risk assessments, policy development, transaction monitoring, training, and reporting. We help you implement effective AML/CFT programs that meet regulatory requirements and mitigate risks.
How do you ensure confidentiality and data security for your clients?
We prioritize the confidentiality and security of our clients’ data. Our firm follows stringent data protection protocols and utilizes secure systems to safeguard your information. All our team members are trained in maintaining strict confidentiality.
How can you help with risk management?
Life Board’s professional team can conduct risk assessments and develop strategies to mitigate potential risks in your business operations. This includes identifying vulnerabilities, assessing potential impacts, and recommending risk reduction measures to enhance your business’s resilience.
How do I choose the right business structure for my company?
Choosing the right business structure depends on several factors, such as your industry, tax considerations, liability protection, and long-term goals. We’ll work closely with you to understand your unique situation and recommend the most appropriate structure.
Why are ESG practices important for my business?
ESG practices are crucial for long-term business success. They help improve reputation, attract investors, enhance employee satisfaction, and ensure compliance with regulations. Integrating ESG considerations can also lead to operational efficiencies and cost savings.
How does your firm stay up to date with industry changes and regulations?
Life Board continuously monitors industry trends and regulatory changes to stay informed. We invest in ongoing training and professional development to ensure that we provide our clients with the most current and relevant advice.
What if I have additional questions or need support after our engagement?
Life Board is always here to support you even after our engagement concludes. You can reach out to our team at any time with questions or concerns, and we’ll do our best to provide assistance and guidance to address your needs. For Contact:
(T) +971 4 388 7882
(M) +971 55 106 1463