VAT Assistance

All Companies including Free Zone Companies(Pending final decision) that have an annual revenue of AED375,000 or more have to register for VAT as early as Q4 2017.  But relax, its not hard. VAT is simply a tax that the consumer pays and not business. Business' only collect it for the government therefore its more administration work for you which can take away valuable time you would rather spend on growing your business. 

The Federal Tax Authority is set up to ensure all companies register and report VAT according to the law. Please see our Q&A section for any questions you may have. 

We can help you with the following services with an indicative price range. 

Initial tax assessment - from aed499

This is a meeting to inform you of how your business transactions will be impacted by VAT and what steps you need to take to move forward. This meeting requires you to fill out a short questionnaire detailing your business. We obliviously respect confidentiality. The outcome of this meeting will decide how and if you want to pursue anything further. 
 

Tailored tax assessment - From AED3000

This would be the natural step after the first meeting to determine which of your transactions are impacted by VAT and by how much. This can include allocating your costs to supplies that are exempt from VAT, how to handle import and export from GCC countries as well as Non Member countries. An important part of this stage is also reviewing current contracts.  We can also pursue this process with your staff for training purposes going forward while we remain at your disposal through the initial process for hand holding.   

Tax return - From  AED1000/month

The quarterly tax return is calculated and documented with supporting attachments for you to be able to pay or request a refund from the government. We will even fill out the form for you so all you need to do is log in online pay. 

Invoices - From AED450

Following the new tax law invoices need to follow a standard with specific rules on what information to provide on your invoice. We can do this once and even update your system/templates. 

Accounting

Behind every company there is a boring accountant! 

WHY DOES A COMPANY NEED ACCOUNTING?

• To be able to manage the business and increase efficiency which in turns increases profits.

• To provide the legal documentation a company will need to follow tax laws.

• Increase credibility and insight in the event of a possible acquisition of your company. We offer your company services such as needs to have substantial financial data in order to follow up and improve.

• Easier to manage the day to day operations such as invoicing, follow up on payments to not lose cash or control.

Services offered

BACKTRACKING OF FINANCIAL RECORDS - FROM  AED3000

Have you historically kept accounts manually and think you have good control? In a very efficient and quick procedure we gather all your economic data (with as little distraction to you as possible), find the correct online accounting system for you and enter the data as if you had been using the system all along. The outcome will simplify running your business as well as making it easier for the VAT implementation. We suggest you do this well in advance of Q4 2016. 

BOOKKEEPING - FROM AED2000/MONTH

We do as much or as little as you need. Everything from sending invoices and keeping track of payments to monthly reconciliations and reporting. We can be offsite or onsite depending on your availability and are flexible for the solution you need. 

What we also offer