Bookkeeping and corporate tax compliance for UAE small businesses
Hi everyone! With corporate tax and VAT regulations fully active in the UAE now, I realized our freelance bookkeeping method is no longer going to fly for our LLC. I’m looking for recommendations on professional firms that cater specifically to small businesses. What should I expect to pay monthly for basic bookkeeping, VAT filing, and annual financial reporting in Dubai? Any tips on choosing the right provider?
You're completely right to get this organized early, as FTA penalties for late tax registration or inaccurate record-keeping can be quite heavy! For a small business, hiring an external accounting firm is far more cost-effective than keeping a full-time accountant. You can review this resource on accounting services in the UAE which details what standard accounting packages include, from monthly bookkeeping to corporate tax submissions. Make sure whichever firm you pick uses cloud-based software so you can track financials in real time!
Thank you, that gives me a clear picture of what to look for!