Recent studies reveal that bookkeeping can consume up to one-fourth of the administrative time available to small businesses, time that could be better spent on strategic growth and core operations.
As a business owner, your primary focus should be on driving your company’s expansion and maximizing opportunities.
If you’re looking to outsource your bookkeeping to certified professionals in the UAE, Farahat & Co. is your ideal partner.
Our expert team provides end-to-end accounting and bookkeeping solutions tailored to your business needs. By entrusting your financial records to us, you can reduce operational costs, save valuable time, and ensure full compliance with local regulations.
Experience the benefits of outsourcing with a firm that brings accuracy, transparency, and peace of mind to your financial processes.
Keeping accurate records of financial transactions is a fundamental part of running a business in the United Arab Emirates. It is required by Article 26 of the UAE Federal Law No. (2) of 2015 that every company keep accounting records that detail the company’s transactions.
These records must accurately and continuously demonstrate the company’s financial health, and they must also provide a means for partners and shareholders to confirm that the company’s books are being kept according to the requirements of the applicable law.
If you do not maintain statutory corporate accounting records, the UAE Federal Tax Authority may penalize you with a fine of a minimum of AED 50,000 but not greater than AED 500,000 as per Article 348 of UAE Federal Law No. (2) of 2015 or “Commercial Companies Law in UAE.” You will also be required to pay more in taxes as a penalty if you submit an erroneous tax return.
We are aware that keeping accurate books is a challenging and time-consuming endeavor that places a strain on businesses that are eager to expand their operations.
Not only will bookkeeping services for Small businesses get your accounts in order, but our bookkeeping services in the UAE can also make sure they are kept and maintained per government regulations.
This is our primary focus, and we work hard to ensure that your company is compliant with relevant legislation.
You will also work in collaboration with a dedicated member of the staff here at Farahat & Co. Our team is comprised of certified accountants in the UAE, and the experts will keep a watchful eye on deductions that may be accessible and beneficial for your business and its bottom line.
Tax relief schemes in the UAE can also assist in lowering the amount of taxes that you will be required to pay each tax filing season, which may result in more savings for you.
Beyond providing quality bookkeeping and accounting services, we do it with a great deal of care and understanding. Our certified and licensed experts who handle our bookkeeping services in Dubai have a high degree of knowledge and experience in the industry.
As a result, they can offer you sound financial advice and guidance that is unique to your sector to help you overcome existing and potential issues.
You will benefit from the gold standard we set in providing our bookkeeping services in the UAE, in addition to receiving a customized solution that is tailored to the specific requirements of your company. Essentially, our bookkeeping services in the UAE can help with:
In addition, all of the work is completed in-house as we do not utilize outsourced contractors, and we provide unrestricted access to our experts by phone and email. You are welcome to give us a call at any time to seek answers to any queries or even concerns you may have.
Give our team of experienced bookkeepers in the UAE the opportunity to assist you with your bookkeeping needs so that you can get some peace of mind and concentrate on the aspects of your business that are most important to you.
To get started, send us a request for a quote here!