Accounting Solutions in the UAE

With the introduction of the Corporate Tax in the UAE in 2024, all companies are required to keep accurate financial records. This will simplify the tax filing process, which is now mandatory.

Our accounting services ensure your corporate financial transactions are accurately recorded and up to date. No matter your business size, effective accounting is essential for informed decision-making, cost planning, and assessing your economic performance. We adhere to the International Financial Reporting Standards (IFRS) and our team comprises highly qualified certified accountants.

Noncompliance with the UAE’s corporate tax regulations may lead to significant penalties, which include imprisonment for a maximum of six months and/or a fine of AED 100,000. The UAE has implemented a federal corporate tax set at 9% on taxable profits that surpass AED 375,000. Companies in Free Zones might still be eligible for tax exemptions if they adhere to certain requirements.

Bookkeeping

Our accountants will take away the burden of recording and updating all your daily financial transactions and performing bank reconciliations.

Account Reconciliation

We will help you ensure the figures in your general ledger are correct and up-to-date and that the balances match.

Financial Reporting

We will generate financial reports to help you determine how your business is performing. These include the following: Trial balance, Profit and Loss statement, Balance sheet, Cash flow statement, General ledgers.

Payroll Management

We will manage your company’s monthly payroll, including generating reports, gratuity calculations and pay slips.

Audit Support

We will you in completing the auditing process for your financial year and ensure your records are maintained per International Financial Reporting Standards (IFRS).