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Accounting Services In UAE

Accounting Services in UAE 

The United Arab Emirates (UAE) offers a dynamic business environment, attracting entrepreneurs and corporations from across the globe. Managing finances in this competitive market requires precision, compliance, and strategic expertise. At Fortuna Pro Consultants, a UAE-based firm with over 10 years of experience, we provide tailored accounting services designed to meet the unique requirements of businesses in the UAE. 

Our in-depth understanding of the local market, coupled with a decade of proven success, ensures your financial processes are accurate, compliant, and aligned with your business goals. 

  

Why Choose Accounting Services in the UAE? 

With the introduction of VAT and Corporate Tax in the UAE, businesses must adhere to stringent financial regulations. Our expertise ensures: 
    • Full compliance with UAE tax laws and regulatory requirements. 
    • Transparent financial reporting for stakeholders. 
    • Effective cash flow and financial resource management. 
    • Access to accurate insights for strategic decision-making. 

  

Our Accounting Services in the UAE 

  1. Bookkeeping and Financial Management
As the cornerstone of efficient financial operations, our bookkeeping services include: 
    • Recording and categorizing financial transactions. 
    • Performing bank reconciliations for accuracy. 
    • Maintaining general ledgers and preparing trial balances. 
    • Preparing financial data for audits and regulatory reporting. 
  1. Payroll Management
Our payroll services ensure compliance with UAE labor laws, including the Wage Protection System (WPS). Services include: 
    • Calculating salaries, overtime, and deductions. 
    • Preparing and submitting WPS files for timely salary disbursement. 
    • Managing end-of-service benefits (gratuity) in line with UAE labor law. 
    • Ensuring payroll tax compliance. 
  1. VAT Compliance and Advisory
Since VAT’s introduction in 2018, we’ve been assisting businesses with: 
    • VAT registration and deregistration with the Federal Tax Authority (FTA). 
    • Preparation and timely filing of VAT returns. 
    • Advisory on VAT-exempt and zero-rated transactions. 
    • Assistance with VAT audits and dispute resolution with the FTA. 
  1. Financial Reporting and Analysis
We deliver accurate and actionable financial reports, including: 
    • Balance sheets, income statements, and cash flow statements. 
    • Monthly, quarterly, and annual financial reporting. 
    • Customized reports tailored to your specific business needs. 
    • Insights into performance trends and recommendations for improvement. 
  1. Corporate Tax Compliance
With over 10 years of experience in UAE tax regulations, we ensure seamless compliance with the newly introduced Corporate Tax: 
    • Corporate Tax registration and management. 
    • Calculation and filing of tax returns as per UAE laws. 
    • Advisory on tax exemptions, deductions, and incentives. 
    • Support during tax audits and FTA inquiries.  
  1. Budgeting and Forecasting
Our budgeting and forecasting services help businesses plan for growth, including: 
    • Preparing detailed budgets for operational and strategic planning. 
    • Providing cash flow projections for liquidity management. 
    • Conducting profitability analysis to identify growth opportunities. 
  1. Business Setup and Financial Structuring
Starting a business in the UAE requires expert guidance. We provide: 
    • Accounting system setup for startups and new businesses. 
    • Advisory on selecting the right financial structure for tax efficiency. 
    • Compliance support for both free zone and mainland businesses.  
  1. Audit Preparation and Support
We ensure your business is prepared for audits with: 
    • Comprehensive preparation of financial records. 
    • Internal audit support to enhance compliance and operational efficiency. 
    • Guidance in resolving audit queries and implementing recommendations. 

  

Industries We Serve 

Our extensive experience spans a wide range of industries in the UAE, including: 
    • Retail and E-Commerce: Streamlining VAT compliance, inventory management, and financial reporting. 
    • Real Estate and Construction: Managing project-based accounting and compliance with UAE laws. 
    • Hospitality and Tourism: Providing payroll, cost management, and reporting solutions for hotels and travel businesses. 
    • Healthcare and Pharmaceuticals: Assisting with compliance, financial reporting, and tax planning. 
    • Technology and Startups: Delivering scalable solutions for fast-growing businesses in the tech sector. 

  

Why Choose Us for Accounting Services in the UAE? 

  1. UAE-Based Expertise with Over a Decade of Experience
As a UAE-based firm with more than 10 years of experience, we have an in-depth understanding of local financial regulations and business practices. 
  1. Tailored Solutions for Every Business
We offer personalized accounting services that cater to the specific needs of your industry, size, and operational requirements. 
  1. Advanced Technology Integration
We leverage leading accounting tools such as QuickBooks, Xero, Zoho, odoo and SAP to provide accurate and efficient financial management. 
  1. Multilingual Support
Our team offers services in multiple languages, including English and Arabic, ensuring seamless communication and support. 
  1. Transparent and Competitive Pricing
Our pricing structure is clear and competitive, offering excellent value with no hidden costs. 

  

Overview of UAE Financial Regulations 

VAT: A standard 5% VAT applies to most goods and services, with specific exemptions and zero-rated categories. 
Corporate Tax: Introduced in 2023, a 9% Corporate Tax applies to taxable income above AED 375,000. 
Wage Protection System (WPS): A mandatory salary transfer system for compliance with UAE labor laws. 
Audit Requirements: Annual audits are often required for free zone and mainland businesses to meet regulatory and banking requirements. 

  

Our Process 

Consultation: We assess your business needs and challenges. 
Tailored Strategy Development: We design a customized accounting plan. 
Implementation: We set up systems and streamline financial processes. 
Ongoing Support: We provide continuous management, compliance checks, and advisory services. 

  

Contact Us for Accounting Services in the UAE 

At Fortuna Pro Consultants, we are committed to helping businesses thrive in the UAE by providing reliable, efficient, and fully compliant accounting solutions. Let our 10+ years of expertise simplify your financial management and support your business success. 
Contact us today to schedule a free consultation and discover how we can add value to your business.