Frequently Asked Questions
Who we are?
We are accounting and bookkeeping service providers based in Dubai. We offer bookkeeping, financial reporting, corporate finance, management consultancy and VAT consultancy services.
Do you setup and restructure accounting department and system for new and existing companies?
Yes, we do provide services to setup and restructure accounting department for both new and existing businesses.
Do you provide software solutions and training?
Yes, we do provide customized software solutions as well as other softwares such as Peachtree, QuickBooks, SAGE, Tally ERP, and Xero.
Do you provide internal audit services?
Yes, we conduct internal audit of companies to assess their internal control systems and accordingly advise them with our suggested solutions for risk mitigation.
Do you assist in annual statutory audit?
We provide complete assistance in preparing for annual statutory audit. We have partnership with well reputed audit firms in Dubai and we can get your financial statements certified by our partner audit firms.
What kind of financial advisory service is available?
Our financial consultants can provide you provide accounting and bookkeeping services for both new and existing companies who want to manage their financials in professional manner.
How do you assist your clients in getting business loans?
We assist in preparing financial feasibility, credit proposal and other documentation including books of accounts and audited financial statements. We negotiate with banks on your behalf till closure.
Which type of trade finance facilities you are assisting for?
We assist you in getting overdraft line, business loans, SME and commercial loans, loans against point of sales (POS) transactions, trust receipt (TR) financing, letter of credit. LC discounting, cheque discounting, local bill discounting, bank guarantee, project financing, mortgage financing, and fleet financing.
How much is the consultancy fee?
Initial consultation is free. We charge our fee once you decide to hire our services and the fee varies from case to case. Please refer to Packages for more information.
What is Value Added Tax (VAT)?
Value Added Tax (VAT) is an indirect tax on consumption and it applies to most goods and services. VAT is levied at each stage in the chain of production and distribution and is collected by businesses on behalf of the VAT authorities. VAT is ultimately paid by the end consumer.
When will the VAT go into effect in the UAE?
VAT is likely to be introduced across the UAE from 1 January 2018.
What are the VAT-related responsibilities of businesses?
All businesses in the UAE will need to record their financial transactions and ensure that their accounting and financial records are accurate and up to date. Businesses that meet the annual turnover requirement (as evidenced by their financial records) will be required to register for VAT.
What does a business need to do to prepare for VAT?
A Business will need to make changes to its accounting, bookkeeping and financial-management operations. If you are not keeping your financial records, you will have to start accounting and bookkeeping to ensure compliance with regulations of VAT authorities.
We provide solutions including accounting and bookkeeping, developing your accounting system, providing accounting software solution, preparation and submission of VAT returns to VAT authorities.