VAT / BOOKKEEPING MADE SIMPLE FOR SMALL & MEDIUM ENTERPRISES

Our team sets you up with the best cloud based Accounting & Bookkeeping solution that makes all your business efficient and at the same time fully VAT compliant

WHY CHOOSE US

Cloud Based Solution

Work from anywhere and anytime with security that ensures your data is always protected .

VAT compliant software

VAT compliant software with simplified tax calculations thus switching to Smart Accounting that connects to Bank accounts and generate periodic P&L, Balance sheet and other Reports.

Better Insights

Get better insights on your financial activity and full statistics making better decisions

Accounting & Risk management

Proficient accounting & risk management tools in identifying and prioritizing key risks in payables, receivables, VAT input / output accounts and assisting with controls, monitoring and remediation

VAT Compliant

Make filing VAT a breeze with our software, bookkeeping professionals and support team .

24/7 SUPPORT

Help line to provide quick answers to any queries pertaining to client accounting or VAT. Strong ground support to the clients by UAE based reliable and quality book keepers in imparting knowledge

OUR SERVICES

We make bookkeeping and vat compliance simple and seamless on a ongoing basis

Looking for a first-class VAT consultant?

Our Approach

Cloud based VAT Complaint Software

Solution that enables you to work securely from anywhere along with skilled bookkeepers to help you get started.

Trained Accounts Experts

render full support, handholding & guidance throughout the process. Starting from registration to handling all operations using smart online accounting software.

Accounting & Risk Management Tools

To identifying and prioritizing key risks in payable, receivables, VAT input / output accounts and assisting with controls, monitoring and remediation.

Strong Ground Support

Strong Ground Support by UAE based professional bookkeepers in imparting knowledge backed by a fully trained BPO in India with 100s of book keepers.

Tailor Made / Customized Accounting Solutions

Customized for every business with particularly SMEs with easy accessibility to competent accountants.

24 x 7 Helpline

Our 24 x 7 Help Line is always ready to provide quick answers to any queries pertaining to client accounting or VAT.

+
Years of experience
Satisfied customers
Accountants
Employees worldwide

Frequently asked questions

A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.

Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500.

Similarly, a business may register voluntarily if their expenses exceed the voluntary registration threshold. This latter opportunity to register voluntarily is designed to enable start-up businesses with no turnover to register for VAT.

All businesses in the UAE will need to record their financial transactions and ensure that their financial records are accurate and up to date. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. Businesses that do not think that they should be VAT registered should maintain their financial records in any event, in case we need to establish whether they should be registered.

VAT-registered businesses generally:

  • must charge VAT on taxable goods or services they supply;
  • may reclaim any VAT they’ve paid on business-related goods or services;
  • keep a range of business records which will allow the government to check that they have got things right

If you’re a VAT-registered business you must report the amount of VAT you’ve charged and the amount of VAT you’ve paid to the government on a regular basis. It will be a formal submission and it is likely that the reporting will be made online.

If you’ve charged more VAT than you’ve paid, you have to pay the difference to the government. If you’ve paid more VAT than you’ve charged, you can reclaim the difference.

Concerned businesses will have time to prepare before VAT will come into effect in January 2018. During that time, businesses will need to meet requirements to fulfil their tax obligations. Businesses could start now so that they will be ready later. To fully comply with VAT, We believe that businesses may need to make some changes to their core operations, their financial management and book-keeping, their technology, and perhaps even their human resource mix (e.g., accountants and tax advisors). It is essential that businesses try to understand the implications of VAT now and once the legislation is issued make every effort to align their business model to government reporting and compliance requirements. We will provide businesses with guidance on how to fully comply with VAT once the legislation is issued. The final responsibility and accountability to comply with law is on the business.

Businesses will be required to keep records which will enable the Federal Tax Authority to identify the details of the business activities and review transactions. The specifics regarding the documents which will be required and the time period for keeping them will be stated in the relevant legislation.

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