UHY Pillars Private Services

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UHY Pillars Private Services

At UHY Pillars we pay much attention to the charitable and “Waqf sector” and we put more effort to serve this powerful and promising sector from different dimensions, such as accounting, management, and investment for enhancing their assets and sustainability. UHY Pillars worked as an investment and financial advisor for the biggest charitable and “waqf organizations” in the state of Kuwait, and managed their diverse “Waqf assets and Sadaqah Jariyah” and “Zakat portfolios”.

Family businesses, inheritance planning, and wealth management are increasingly complex areas where expert advice can deliver significant long-term benefits for a client and their family.

Our focus on open and trusting relationships means that many individuals, owner-managers, directors, and senior executives rely on UHY Pillars for help to secure their wealth and plan their financial future.

A team of specialists at UHY Pillars provides personalized advice covering all aspects of personal charity, wealth management, and estate planning.

ACHIEVING LONG-TERM FINANCIAL GOALS

Through conducting regular financial revisions, at UHY Pillars we monitor progress to meet a client’s long-term financial goals and ensure that tax liabilities are minimized.

UHY Pillars often works with a significant number of family-owned businesses, through successive generations, and have in-depth experience of the issues and difficulties that can arise in areas such as succession planning.

Many owner-managers are assisted with their planning for eventual sale or handover of their businesses as they near retirement.

OUR PRIVATE SERVICES INCLUDE:

– Family Business Consulting

– Startups Consulting

– Family office & Inheritance planning

– Charity and “Waqf Consulting”

– Insolvency reform

Family Business Consulting

At UHY Pillars we help our clients organize and plan their family affairs, such as their education, charitable plans, businesses, and investment future.

We managed some of the most divergent and substantial family business inheritances in Kuwait that are spread over different countries. Additionally, we were involved in their inheritance planning and inheritance distribution.

Our main goal at UHY Pillars with a family business is to build structures and procedures to improve their business performance and guide them with their wealth management. Our work experiences in managing family businesses and wealth touch on all aspects.

At UHY Pillars we provide:

– Strategic planning

– Inheritance planning and Inheritance distribution.

– Inheritance tax planning

– Advising and assisting in management, finance, governance, formation building, and communications.

– Conflict resolution.

Startup Consulting

At present with the increase of unemployment, many individuals, more within the youth age group, started to set up their businesses, and are seeking advice at the early stages of their businesses. At UHY Pillars we help our clients identify the most critical next steps, and assist them in their implementation.

At UHY Pillars we provide:

– Strategy and planning services

– Legal business formation

– Business structure development

– Supplier selection

Charitable and Waqf Consulting

Charitable and Waqf businesses have witnessed an influential role in addressing a range of socio-economic issues in the Muslim societies of the past. However, charitable and waqf businesses have not seen enough interest from investment and financial industry experts. In UHY Pillars we pay much attention to the charitable and Waqf sector and we put more effort to serve this powerful and promising sector from different dimensions such as accounting, management, and investment for enhancing their assets and sustainability. UHY Pillars worked as an investment and financial advisor for the biggest charitable and waqf organizations in the state of Kuwait, and we managed their diverse waqf assets Sadaqah Jariyah and Zakat portfolios.

In UHY Pillars we happily provide services for chartable and waqf organizations as follows:

– Strategic planning

– Business planning

– Stock valuation

– Investment consulting

– Accounting consulting and bookkeeping

Receivership

Receivership is defined by Article 736 of the Civil law as placing the disputed property in the custody of a safeguard, if its remaining in the hands of the possessor threatens to risk its seizure by whoever claims a right to that money, provided that the guard takes care of its safe custody and management. It will be delivered to whoever is proven to have the right to that money.

We at UHY Pillars manage, follow up, and supervise the activities of companies and submit a periodic report to the court that has been appointed until the receivership mission is completed.

For inquiries, please call the following numbers: Tel.: +965 22458045
Mobile: +965 97978929

Liquidation of Companies

Liquidation of companies in Kuwaiti law is necessary when the company is unable to continue the work for which it was established. When it is unable to fulfill its legal obligations towards its creditors and is unable to pay its financial dues, it becomes necessary to liquidate it by the law. This includes a complete termination of the company’s business, including accounting, legal, and administrative services.

UHY Pillars has a professional team specialized in providing Liquidation of companies Services. For inquiries, please call the following numbers: Tel.: +965 22458045
Mobile: +965 97978929

Our Accounting Services group provides practical solutions for early-stage companies that need part-time accounting and finance support as well as later-stage companies that need part or full-time assistance. We become the virtual accounting department scaled to the client’s needs, providing professional accounting staff, controllers, and/or chief financial officers.

We cover a wide range of services, from general bookkeeping and payroll processing to becoming your virtual accounting department. Additionally, we provide full accounting outsourcing, co-sourcing, and controllership.

Our diversified and valuable accounting services are professionally tailored to suit our clients’ business needs, with our outsourced accounting and bookkeeping models being simple. A client tells us how many resources are needed, and the UHY Pillars accounting and bookkeeping team will provide them with a dedicated team of model professionals who can perform a wide variety of accounting services. It’s that simple, a client can easily extend their team by one, two, three, or more trained accounting professionals, depending on the work volume. Each team is overseen by an experienced supervisor, many of whom have advanced degrees as Chartered Accountants.

Our team is comprised of bookkeepers, accounting systems specialists, and financial controllers that are all well-qualified professionals.

Our dedicated outsourcing accounting departments that are optimized for a small business are:

Bookkeeping: our bookkeepers ensure that proper billing and expense procedures are implemented and followed.

Controller: outsourced controllers ensure that operational accounting and financial systems and processes are in order. Our controller services are as following:

– Transaction processing

– Purchase orders

– Bill processing and payment

– Customer invoicing and collection

– Expense report processing and payment

– Respond to questions from vendors, customers, and employees

– Transactions classification, to produce reports by department, geography, product line, etc.

– Investigate the creditworthiness of new customers

– Monthly close

– Consolidations

– Accounting system evaluation and selection

– Controls implementation

– Accounting policies and procedures

CFO Advisory: Our CFO focuses on generating insights from accounting that goes beyond compliance. Our CFO Advisory services are as following:

– Operating plan development

– Financial forecasts

– Debt and equity financing

– Cash management

– Asset management

– Support stock valuation services

– Financial reports and presentations for board meetings

– Contract reviews

– Revenue recognition

– Due diligence

– Acquiring credit from vendors

– Internal Controls and Procedure Documentation

– Customized Reporting with Business Intelligence and benchmarking

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