Operational, Financial and Tax Audits
We ensure your books of accounts are correctly updated, by preparing and reviewing your company’s financial statements’:
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Income statements
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Balance sheets
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Annual reports: profits and losses, fixed Assets, depreciation, backlogs, taxes, and cash flow
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Shareholders’ equity statements
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Books – Monthly, quarterly, and/or year-end – reviews and clean-ups
“According to Federal Law No. 2 of 2015 or the UAE Commercial Companies Law, every company is required to assign a licensed auditor that is registered under the Ministry of Economy for the auditing of their financial affairs.”
Accounting and Tax Advisory and Reporting
We are a Certified Accounting Firm and Tax Agency
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We help you optimize your payroll, organize your payments and petty cash against your receivals, track your revenue against your supplies, and settle your credit and debit adjustments
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We help you avoid getting fined for your accounting and tax filing
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We help you with legal matters regarding your accounting and taxes (reporting, court, disputes, etc.)
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We help you optimize your VAT accounts to boost your tax payments recovery
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We evaluate your business procedures, processes, and practices in line with Accounting and VAT requirements and advise you accordingly
“There are a couple of listed violations and respective penalties that were released in the provisions of Cabinet Decision No. 40 on Administrative Penalties for Violations of Tax Laws in the UAE that is adopted by the UAE Council of Ministers. Every single violation against the Federal Law No. 7 of 2017 on Tax Procedures, Federal Decree-Law No. 7 of 2017 on Excise Tax, and Federal Decree-Law No. 8 of 2017 on Value-Added Tax (VAT) shall be fined in accordance with the provisions in the Cabinet Decision No. 40.”
Tax Registration and Tax returns from residents and non-residents
As per the criteria released by the Federal Tax Authority, all businesses with taxable supplies worth more than AED 375,000 need to register for VAT.
All businesses with taxable supplies worth more than AED 187,500 and less than the mandatory registration threshold of AED 375,000 may opt for voluntary registration for VAT.
Taxes paid by tourists can now be refunded to them at their departing port. While nationals of certain countries can obtain a Tax Residency Certificate from UAE.
Business Software Solutions
We provide consulting services to help you select and implement the best information technology solutions that fit your business needs and help you to grow.
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Accounting system - UAE Vat compliant
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ERP systems
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Point-of-Sales
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eCommerce
VAT Training
We train your teams on what they need to know about VAT and its impact on your business. We can give special training for each team depending on their field (management, traders, procurement, estimation/pricing, invoicing, logistics, etc.)