Accounting Services in Dubai, UAE

Accurate accounting is at the heart of every successful business. In the UAE, businesses face dynamic tax and compliance requirements that demand precise financial management. At Shuraa Tax, we provide comprehensive accounting services in Dubai, tailored to meet the diverse needs of businesses across all sectors.

Whether you need accounting services for small business in Dubai or advanced tax and accounting services in the UAE, our expert team of accountants, auditors, and tax advisers simplifies your financial operations, ensuring compliance, transparency, and efficiency.

Our goal is to help you focus on growing your business while we handle the complexities of your financial records and compliance requirements.

What are Accounting Services?

Accounting Services involve the systematic process of recording, analyzing, and reporting a company's financial transactions. These services help in managing financial records, ensuring compliance with local regulations, and preparing accurate financial reports that reflect the business's current financial status.

Types of Accounting Services in Dubai

Accounting services in the UAE or Dubai generally includes:

1. Bookkeeping Services

• Recording daily financial transactions.
• Ensuring accurate and up-to-date financial data.

2. Financial Reporting

• Preparing profit and loss statements, balance sheets, and cash flow reports.
• Compliance with IFRS and local regulatory standards.

3. Tax Accounting

• VAT registration, filing, and advisory services.
• Planning to minimize tax liabilities.

4. Auditing Services

• Internal and external audits to ensure compliance and detect discrepancies.
• Preparing audit reports for stakeholders and regulatory authorities.

5. Payroll and WPS Management

• Managing employee salaries and benefits.
• Ensuring compliance with the Wage Protection System (WPS).

6. Accounts Payable and Receivable Management

• Streamlining invoice processing and payment tracking.
• Optimizing cash flow management for business sustainability.

7. Budgeting and Financial Forecasting

• Developing financial forecasts to guide business growth strategies.
• Monitoring budgets to ensure fiscal discipline.

Different Types of Taxes in the UAE

Businesses in UAE must understand several types of taxes, including:

1. Value-Added Tax (VAT)

A 5% tax on most goods and services. Professional accounting services in the UAE ensure:

• Accurate VAT registration and filing.
• Timely submissions to avoid penalties.

2. Corporate Tax

Corporate tax rate of 9% for taxable profits exceeding AED 375,000. Tax and accounting services in the UAE ensure proper preparation for corporate tax compliance.

3. Excise Tax

Excise tax is imposed on specific goods that are considered harmful to health or the environment. This includes items such as tobacco products, sugary drinks, and energy drinks. The excise tax rate varies depending on the product:

• 100% for tobacco and energy drinks.
• 50% for sugary drinks.

4. Custom Duties and Tariffs

The UAE imposes Customs Duties on goods that are imported into the country. The standard customs duty rate is 5% on most goods, though certain goods may be subject to different rates or exemptions.

Why Do You Need Accounting Services in the UAE?

Dubai’s business environment comes with its own set of challenges, including regulatory compliance, tax filing, and maintaining accurate financial records. Here’s why you even need professional accounting services for a small business in Dubai:

1. Compliance with Regulations

The UAE's Value Added Tax (VAT) system has specific requirements for record-keeping and reporting. Accounting companies in Dubai ensure compliance to avoid penalties and legal issues.

2. Tax Optimization

Accounting companies in Dubai or UAE can help you identify tax-saving opportunities and minimize your tax liability within the legal framework.

3. Decision Making

Reliable financial data empowers you to make informed decisions about investments, expansion, and resource allocation.

4. Investor Relations

Potential investors often require detailed financial information to assess a business's viability. Accounting services can assist in determining a company's fair market value for investment purposes.

5. Financial Transparency

Accurate accounting helps you understand your business's financial health and identify areas for improvement.

6. Save Time and Money

Managing finances can be time-consuming. Outsourcing your accounting saves time and reduces the need to hire in-house staff.

Who Needs Accounting Services in Dubai, UAE?

Shuraa Tax offers accounting services in the UAE suited to every business type. Here’s who can benefit:

Small and Medium-Sized Businesses (SMEs)

SMEs often don’t need full-time accountants. Outsourcing these services saves money while ensuring everything is handled professionally.

Startups

New businesses can struggle with financial management. Our team helps you get your financials in order from day one to ensure you’re set up for success.

Large Corporations

Bigger companies need specialized services like auditing and detailed financial reporting. We provide expert assistance to keep your financials in top shape.

Free Zone & Mainland Businesses

No matter where you operate in Dubai, our accounting services are designed to meet the regulations of both free zones and mainland companies.

Freelancers & Entrepreneurs

If you’re self-employed or running a small venture, our services ensure your financial management is hassle-free and compliant with UAE laws.

Accounting Services Offered by Shuraa Tax Consultants

Shuraa Tax provides tailored accounting and taxation services to ensure seamless, compliant, and efficient financial operations for businesses in Dubai.

• Bookkeeping Services
• Accounting review services
• MIS reporting services
• Corporate tax registration
• Corporate tax filing
• Corporate Tax Preparation and Planning
• VAT registration services
• VAT return filing assistance
• VAT consultancy & advisory
• Internal and External Audits
• Excise tax registration
• Audit & assurance
• Excise compliance services
• Payroll Management and WPS Compliance
• Financial Reporting and Budgeting
• Cash Flow and Revenue Management
• Business Advisory Services

Why Choose Shuraa Tax Accounting Services in Dubai

Choosing Shuraa Tax for the best accounting services in the UAE:

23+ Years of Experience

With over two decades of expertise, we have assisted businesses across Dubai in managing their finances effectively.

Customized Solutions

We tailor our services to meet your unique business requirements.

Confidentiality

We maintain strict confidentiality of your financial information.

Compliance Experts

We ensure your business meets UAE financial regulations, avoiding legal issues.

Competitive Pricing

We offer competitive pricing without compromising on quality.

Get in Touch with Shuraa Tax Today!

Don’t let accounting challenges slow you down. Let Shuraa Tax handle your financial and regulatory needs with unmatched expertise. Contact us today to learn more about our accounting services in Dubai and how we can support your business growth.