We provide a range of services to help businesses comply with their statutory requirements.
Accounting & Core bookkeeping
Every business is required to keep proper records. We can help set up the right system to enable you to keep ﬁnancial records of your business that give you accurate and useful management information, as well as allowing the statutory accounts to be produced in a timely and cost-eﬀective way. The right system will vary, according to the needs of your business, from a simple handwritten cashbook or a spreadsheet to a fully integrated oﬀ-the-peg software package. We
can assist you in the preparation of your ﬁnancial statements to comply with speciﬁc legal requirements applicable to your industry or sector.
We audit ﬁnancial statements to comply with the relevant acts and requirements of regulatory bodies. Constitutional documents or stakeholders may also require an audit to be performed, as may third parties such as potential providers of ﬁnance.
Our corporate compliance staﬀ can arrange incorporation of new companies.
Our services include:
- maintaining the statutory registers of members, directors and charges
- ensuring statutory forms are ﬁled promptly
- recording resolutions and supplying copies of the accounts to the members.
*** This may vary this based on the industry and the contract we have.
We can help your company secretary comply with these requirements, or act as your company secretary if required, providing this does not conﬂict with our other duties, such as auditing your accounts.
We have a specialist VAT team who can help you with VAT. With the introduction of VAT in UAE, your business may be required to register for VAT, or may wish to register voluntarily. We can help you decide whether VAT registration would be required to you, if appropriate, also complete the registration application.
Our advice covers topics such as whether VAT needs to be charged and if the VAT incurred on purchases can be reclaimed. We can help make your VAT compliance easier by advising on simpliﬁcation schemes such as the ﬂat rate scheme, cash accounting or annual accounting.
We also help some clients in Dubai, Abudhabi and Sharjah complete VAT return forms. It is important to ensure that these are completed correctly and ﬁled on time, otherwise penalties and interest can be incurred. Complying with the VAT regime is not easy and it bristles with penalty provisions designed to encourage 'good behaviour'.
Strategic business planning
We work closely with our clients to help them with business planning. Research suggests that a surprisingly large proportion of businesses have no formal business plan. In our experience, our more successful clients are those who spend time and eﬀort creating and implementing their plans.
Our approach is based on the fact that nobody knows the ins and outs of your business like you do. Our role is to facilitate and help combine your expertise and knowledge with a proven process, so you get your plan for your business.
Speciﬁc advice should be obtained before taking action, or refraining from taking action, on any of the subjects covered above.