FAQ

Regular accounting ensures your business stays compliant with UAE laws, avoids penalties, and maintains clear visibility into cash flow, profitability, and performance. It also helps prepare for VAT filings, audits, and financial decision-making.

Yes. As per UAE Commercial Companies Law and the Federal Tax Authority (FTA), maintaining proper books of accounts for at least five years is mandatory. Failure to do so may result in fines and compliance issues.

Bookkeeping involves recording daily financial transactions like sales, purchases, receipts, and payments. Accounting includes interpreting, analyzing, and summarizing that data for reporting, compliance, and strategic decision-making.

Value Added Tax (VAT) is a 5% indirect tax levied on most goods and services in the UAE. A business must register if its taxable turnover exceeds AED 375,000 annually. Voluntary registration is allowed above AED 187,500.

Payroll compliance ensures timely employee salary processing, adherence to WPS (Wage Protection System), correct end-of-service calculations, and compliance with UAE labor laws. Mistakes can lead to fines or legal issues.