Let our expert accounting team simplify your financial life!
We handle everything for you:
✓ Year-round audit support
✓ Seamless payroll & VAT compliance
✓ Accurate bookkeeping & financial reports
✓ Smart reconciliation to catch every detail
Basically, we provide Accounting services in Dubai to keep accurate and updated records of business financial transactions. Regardless of the business size, accounting is necessary to help you with decision making, cost planning, and economic performance measurement. Our team of highly qualified certified accountants follow International Financial Reporting Standards (IFRS).
We manage financial records, daily transactions, ledger maintenance, to ensure company financial data is organized and accurate.
Our team works on financial reports, balance sheets, income statements, cash flow statements, and also valuable insights into business financial health.
We assist you in navigating complex Tax Regulations to ensure your businesses remain compliant with all tax requirements.
The financial analysis services help you make informed decisions by providing you in depth insights of businesses financial performance.
Our auditors provide consulting support, operating practices, documentation, and also liaise to facilitate a smooth auditing process.
We manage all aspects of your employee payroll, from salary calculations and deductions to leave management and end-of-service benefits.
We ensure that your payroll processes are in line with the UAE’s Wage Protection System, guaranteeing timely and accurate salary disbursements to your employees.
Our payroll services adhere to UAE labor laws, ensuring that your business remains compliant with employment regulations.
We generate detailed payroll reports, making it easy for you to keep track of employee compensation and related expenses.
Dubai is a strategic location with a robust economy and pro business environment. Due to these benefits, the place has become a global hub for entrepreneurs and corporations. However, the financial landscape of this dynamic city requires a deep understanding of tax and accounting regulations.
In this guide we not only let you know business accounting services in Dubai but also learn financial compliance.
Financial management is the cornerstone of any successful business. Financial regulations are both stringent and evolving, that’s why a knowledgeable accounting consultant is necessary.
The reasons are following below:
Legal Compliance: The business landscape of Dubai is governed by a complex web of regulations. However these regulations are made to ensure business complies with all local financial and tax rules and regulations.
Financial Clarity: Clear and financial accuracy in records maintenance provides insights into business performance and enables informed decision making. Our services help you to win business and increase market share.
Professional Efficiency: Professional accounting services optimize financial processes, reduce mistakes, and save time and resources. We work on generating revenue, maximize share values, and drive business growth.
Dubai offers accounting services specifically to meet the needs of businesses.
The primary services are following:
Financial Statements: Record all regular financial transactions and ledger maintenance accurately and consistently.
Accounting Reports: Income statements, balance sheet, and cashflow provide snapchat of business finances.
Tax Compliance: Tax experts help you navigate complex tax regulations to ensure compliance and minimize tax.
Quality Auditing: Internal and external audits help verify the accuracy of business financial records and processes.
VAT (Value Added Tax): Specialized VAT services ensure that your business adheres to VAT regulations and compliance.
The UAE follows GAAP (Generally Accepted Accounting Principles). The International Federation of Accountants (IFAC) is liable to maintain GAAP standards. In fact these standards apply to all UAE government entities and companies.
The principles of accounting standards are following below:
Following are five policies to streamline your financial bookkeeping services:
According to the UAE Federal laws, financial records and statements are necessary to keep. Businesses must ensure five years of records. The Finance Ministry recommends record keeping for 10 years to prove tax compliance.
Transactions of AED 1000 requires evidence by receipt. Moreover, these receipts must be with a business name including the date of issue, signature of the person issuing the receipt, and recipient to improve accounting accuracy.
All transactions need the support of a bank statement including the date and nature of transaction, fund receiving address, and name. The electronic records help in preparing accurate annual budgets, profit, and loss accounts.
Business operations must comply with the VAT regime. The new tax regulations apply to all UAE companies, whether your services are local or outside UAE. Eligible businesses should adopt VAT Return Policy aligned with industry.
Supporting documents includes invoices, credit notes, contracts, and also bank statements for businesses that are not registered for VAT. Original documents are required, document copies aren’t acceptable.
Small businesses in Dubai try to keep accounting records in house. However, it leads to a lot of stress and time waste as it is a full time job. Business owners already have many things on their plate. That’s why, accounting is a complex job and full time job, so they must not do it.
Owner has two options instead of doing everything on their own.
Hire Accounting Staff:
In house permanent accounting employees according to company size. Post a job with complete requirements such as experience in reconciliation, monitoring/recording accounts payables and accounts receivables transactions, basic bookkeeping and financial reporting.
As a result, hiring reliable accounting staff, it is easy to keep eye on maintained records. If owners couldn’t find anyone trustworthy, they must try outsource accounting service in Dubai.
Outsource Accounting Services in Dubai:
Outsource accounting service in Dubai is very famous and reliable. The owners only have to find a third party firm and hand them over all their accounting functions. The firm is responsible for maintaining each transaction including bookkeeping, tax preparation and financial statement preparation. In this option owners can pick and choose hectic tasks for accounting firms and also keep easy ones to themselves.
EZ Setup is the most reliable company who offers services of account keeping in the most trustworthy way. Entrepreneurs in any emirate of the UAE choose us for many services and accounting is the most popular one. In fact, 30,000 companies have taken business functional benefits by hiring us. Our team is composed of professional accountants and finance managers who can do their job professionally. Certainly, they can help you with accounting, bookkeeping, payroll, and also VAT. The main goal is to offer advisory services and allow you to focus on your business. Book a free consultation with one of our company specialists.
