- April 17, 2018
- Posted by: Shuraa Tax Consultant
- Category: UAE Auditors & Accountants
Wondering how much would it cost for bookkeeping services? or What is the price to file VAT returns in the UAE? If you are in the process of determining the right cost for accounting and bookkeeping services in Dubai or anywhere else in the UAE, you must take this article into consideration.
Deciding among the various bookkeeping firms in Dubai or accounting service providers in the UAE can be tough! But what makes it even more difficult, is understanding the cost of accounting and bookkeeping services. Be it a large enterprise or accounting services for small business in Dubai, making a thoughtful choice on costs is essential. So how much does it cost for accounting and bookkeeping services in Dubai? and what are the variables?
BELOW NOTED ARE THE VARIABLES THAT DESCRIBE THE COSTS OF TAXATION AND ACCOUNTING SERVICES IN DUBAI:
- TYPE OF ACCOUNTING WORK:
Whether you need to file your VAT returns in the UAE; maintain the bookkeeping of your company; require tax or VAT related consultation or need to register for VAT in the UAE – the type of work will fix the cost. The cost of accounting services in the UAE depends upon the type of accounting services. If you need to hire a full-time bookkeeper, you will have shell out more money and he may have limited knowledge, while an outsourced accounting service will work on all types of accounting works and be a lot cheaper.
- SIZE & COMPLEXITY OF THE BUSINESS:
The size and complexity of your business is also a deciding factor that will determine the cost of accounting services in Dubai. You could be a freelancer or a sole owner with only one person involved as a bookkeeper or you may be a larger company with an administrative assistant and a CPA to do your taxation. A complex industry with heavy accounting requirements would require specialized skills, thus may charge more.
- THE NUMBER OF TRANSACTIONS / COMPANY TURNOVER:
The company’s turnover is another important factor to derive costs of bookkeeping and accounting services in the UAE. UAE taxes are charged subject to commodity, jurisdiction or the company’s annual turnover. However, they also help to contemplate the charges of accounting service that will be levied.
- INDUSTRY / BUSINESS ACTIVITY:
Costs of accounting and bookkeeping service in the UAE may also differ from business to business. You may be into trading business or may require bookkeeping services for restaurant, real estate bookkeeping services, bookkeeping for small business or other industry – the cost will vary.
SO, HOW TO GET AFFORDABLE ACCOUNTING AND BOOKKEEPING SERVICES IN THE UAE?
If you decide to appoint an in-house bookkeeper, then you need to pay monthly salary, allowances, company facilities and benefits – which will be an added cost to your business. On the other hand, outsourcing accounting and bookkeeping services in Dubai will cost you an average pricing ranges from 10,000 AED to 20,000 AED a year, depending on the complexity and length of works.
To understand the key benefits of outsourcing bookkeeping services in Dubai or to get a customized price for your UAE accounting services contact Shuraa Tax Consultants. To book a free consultation with SHURAA Tax Consultants for accounting and bookkeeping services in Dubai, UAE call us on +97144081960 / +971505795019 or email us at email@example.com.