FTA announces corporate tax registration deadline to Sep 2024 and new AED 10K penalty for late registration !!
An accounting review is a process of evaluating a company's financial statements, accounting records, and other financial information to maintain a healthy and compliant financial system for businesses.
The imposition of VAT laws in the UAE made it mandatory for the registered businesses to keep an accurate and complete record of their accounts and daily transactions. They need to keep track of their financial dealings, prepare monthly/quarterly reports on VAT and record all their Vatable transactions in compliance with the UAE VAT law.
If any company fails to comply with VAT laws, regulations, or makes any error in its VAT calculations, then as per the Federal Tax Authority (FTA) guidelines on VAT law, it will be liable to pay fines or penalties.
At Shuraa Tax, we offer expert Accounting Review Services in Dubai, UAE, tailored to meet your unique business needs.
Maintaining accurate financial records is crucial for any business, regardless of its size. Accounting Review Services offer several key benefits:
Our expert team of accountants and auditors ensures that your financial records are error-free, reducing the risk of costly mistakes.
We help you stay compliant with local and international accounting standards, minimizing legal and regulatory risks.
Accounting Review Services enhance transparency, which can build trust with stakeholders and potential investors.
Accurate financial information is vital for making informed business decisions and strategic planning.
Accounting review services are beneficial for all types of businesses, regardless of size or industry. However, they are particularly important for businesses that:
Our Accounting Review Services follow a structured process to guarantee accuracy and compliance:
We begin by understanding your business's unique requirements, structure, business model, and identifying areas that need review.
Our team collects and analyses financial data, including bank statements, invoices, and records.
We thoroughly examine the financial data, checking for errors, inconsistencies, and compliance with accounting standards.
Based on our analysis, we provide recommendations for improvements and compliance.
We deliver a comprehensive report like MIS reports detailing our findings and recommendations.
Post issuance of the report, we discuss the insights of financial reports and recommendations with owners and directors. This helps businesses to understand the financial performance and take proactive decisions.
We offer ongoing support to help you implement the suggested improvements and maintain financial accuracy.
Please note that the cost of accounting review services in Dubai will vary depending on the size and complexity of the business, as well as the scope of the review.
Shuraa Tax Consultants helps companies to maintain and manage their daily transactions as per the FTA guidelines and help them tackle the impact of VAT laws on their business. We are a leading FTA certified tax agency in Dubai that aims to manage taxation burdens through our highly optimized and customized taxation services.
Our account review services in UAE cater to your accounting needs and save you from all your VAT and accounting compliance in UAE. We make sure to keep complete confidentiality and handle your business records, all in accordance with the FTA's and UAE laws.
At Shuraa Tax, we differentiate ourselves with:
Choose Shuraa Tax for Accounting Review Services in Dubai, UAE, and experience the benefits of accurate, compliant, and transparent financial records. Your financial health is our priority!
Get in touch today at +971 508912062 or send an email to info@shuraatax.com
We're here to boost your balance sheet.
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A group of experienced and qualified tax agents, accountants, auditors & finance advisors based in Dubai, UAE.
