1. Corporate Tax & VAT Consultancy, Return Filing, Review, Registrations & Compliance

We provide end-to-end support in managing your corporate tax and VAT obligations, with services that go beyond basic filing to ensure full compliance and strategic planning.

Corporate Tax Consultancy:

• Tailored advisory on UAE Corporate Tax laws based on your industry, business structure, and size.
• Analysis of tax impact on business operations and strategies to optimize tax liabilities.
• Guidance on Transfer Pricing, Exemptions, and Free Zone tax regimes (where applicable).

VAT Consultancy:

• In-depth analysis of your VAT obligations under UAE Federal Tax Authority (FTA) rules.
• Industry-specific solutions for sectors such as real estate, trading, e-commerce, or services.
• Support on complex VAT issues like reverse charge mechanism, input VAT recovery, and VAT grouping.

Registration Support:

• Assistance in Corporate Tax and VAT registration through the Federal Tax Authority (FTA) portal.
• Evaluation of whether your business needs registration (voluntary or mandatory thresholds).

Return Filing & Review:

• Monthly/Quarterly VAT return preparation and submission, ensuring all input and output tax is correctly accounted for.
• Annual Corporate Tax return compilation and filing support, aligned with authority guidelines.
• Detailed review of internally prepared returns to ensure accuracy and prevent penalties.

Ongoing Compliance:

• Monitoring changes in tax legislation and helping implement them in business workflows.
• Maintenance of records and documentation required for audits and inspections.
• Support in responding to FTA queries and notices.

Services are customized based on your business model, transaction volume, and internal capacity.

2. Financial Statements Preparation, Review, and Related IFRS Support

We assist in preparing and reviewing financial statements in compliance with International Financial Reporting Standards (IFRS), ensuring they provide a clear and accurate view of your financial position.

Preparation of Financial Statements:

• Drafting full financial statements including Statement of Financial Position, Income Statement, Cash Flow Statement, Statement of Changes in Equity, and accompanying notes.
• Adjustment entries to reflect accruals, depreciation, provisions, and other key year-end treatments.
• Mapping chart of accounts to IFRS-compliant formats.

Review of Existing Financials:

• Critical assessment of your internally-prepared statements for errors, inconsistencies, or compliance gaps.
• Analytical review to ensure key performance indicators are correctly represented.

IFRS Compliance:

• Advisory on applying relevant IFRS standards such as IFRS 15 (Revenue), IFRS 16 (Leases), and IFRS 9 (Financial Instruments).
• Help in choosing appropriate accounting policies.
• Disclosures support to ensure completeness and transparency.

Performance Insight:

• Detailed commentary on business performance and key financial ratios.
• Support in budgeting, forecasting, and management reporting linked to financials.

Support level is tailored based on your internal finance team’s capabilities and reporting needs.

3. GOAML Registration, Reporting & Compliance Consultancy

We provide specialized services for businesses required to comply with UAE’s anti-money laundering regulations, focusing on goAML registration, transaction reporting, and ongoing compliance.

goAML Registration:

• Guidance and full support in registering your business on the goAML platform by the UAE Financial Intelligence Unit (FIU).
• Preparation and submission of required documentation such as risk assessment policies, AML compliance policies, and trade licenses.

Reporting Obligations:

• Timely filing of reports through goAML, with professional support in narrative preparation to meet legal standards.
• Support for Designated Non-Financial Businesses and Professions (DNFBPs), such as real estate brokers, gold dealers, and company service providers.

Ongoing Advisory:

• Updates on regulatory changes and their implications.
• Periodic reviews and gap analysis of your compliance framework.

4. Accounting & Bookkeeping, Inventory, Payroll & Audit Support

We offer comprehensive financial operations support, including real-time accounting, inventory tracking, payroll management, and audit preparation with third-party auditors.

Accounting & Bookkeeping:

• Day-to-day bookkeeping in accounting software (Zoho, QuickBooks, Tally, or client-preferred systems).
• Maintenance of ledgers, bank reconciliations, journal entries, and accruals.
• Periodic financial summaries and customized reports.

Inventory Management Support:

• Integration of inventory modules with your accounting system.
• Regular reconciliation of stock records with physical inventory.
• Advice on inventory valuation methods (FIFO, Weighted Average, etc.).

Payroll Support:

• Preparation of monthly payrolls with WPS file generation.
• Maintenance of employee records and leave accruals.
• Payroll structuring to optimize employee benefits and tax compliance.

Payments and Payables Support:

• Assistance with processing vendor payments, petty cash reimbursements, and utility payments.
• Aging reports and creditor management.

Audit Support:

• Coordination with third-party auditors for year-end audits.
• Preparation and reconciliation of audit schedules, trial balance, and supporting documents.
• Addressing auditor queries and ensuring timely completion of audits.

Flexible service levels from full outsourcing to consulting and monthly reviews.