Pricing for Accounting and Tax Compliance
Affordable Accounting and Tax Compliance Solutions in UAE
An efficient accounting & bookkeeping system is the backbone of any business. This pivotal responsibility is augmented by regulations of GAAP and IFRS.
With the introduction of VAT and corporate tax laws, businesses established in UAE are expected to keep track of all transactions and maintain reconciliations. This could be overwhelming, as businesses have to spend a lot of time on these activities, which could hinder their core business activities. Outsourcing the accounting could reduce this burden and equip the business with the right information, saving a lot of time.
Accounting encompasses compliance with relevant financial regulations and reporting requirements; preparation of tax returns, financial statements, and other regulatory requirements; analyzing the financial data to provide insight to help management make informed decisions; identification and mitigation of financial risk by implementing internal controls; developing budgets; providing recommendations for improvement in financial performance; and ensuring that financial statements are free from material misstatements.
We have also adopted advanced software tools and systems to deliver zero-error data on-time.
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Affordable Accounting and Tax Compliance Solutions in UAE
The UAE has been a hub for businesses across all sectors. With the growth of industries and businesses, the accounting sector is also growing at a fast pace. We understand that accounting is an industry that thrives on trust, transparency, and adding value. Being transparent about pricing helps us serve our clients better.
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The accounting and tax compliance packages are carefully designed to meet business needs while keeping them economical. There are two packages suitable for all types of businesses that intend to outsource their work and compliance.
Essential
5,250 AED Per Year
Accounting & Book-keeping
Corporate Tax Compliance
Grow
7,875 AED Per Year
Accounting & Book-keeping
Corporate Tax Compliance+ VAT Compliance
3) Startup-3 @ 8,400 AED/year:
Accounting (Up to 120 transaction Per Quarter) + Corporate Tax compliance + VAT compliance
4) Regular @ 10,500 AED/year:
Accounting (Up to 100 transaction Per Month) + Corporate Tax compliance + VAT compliance
The explanation on suitability of the Packages is listed below
Essential
Suitability of the package:
- Suitable for businesses who wants to comply with accounting as per the new CT Law.
- Includes Corporate Tax advisory and annual filing of Corporate Tax returns.
- Suitable for businesses in the management consultancy, IT sector, trading, E-commerce or any businesses with sales of less than AED 375,000.
- Ideal for business owners seeking expert Corporate Tax advisory for business transactions and agreement structuring, along with guidance on any other laws and regulations that may impact their business in the UAE.
- Not suitable for VAT-registered businesses. Please consider choosing our Grow package.
Key Highlights
- Accounting & bookkeeping compliance with monthly reporting and reconciliations.
- IFRS-compliant financial statements and year-end closure.
- Corporate Tax registration & return filing with advisory support.
- Dedicated support team with scheduled review meetings.
Key Highlights
- Accounting & bookkeeping compliance with monthly reporting and reconciliations.
- IFRS-compliant financial statements and year-end closure.
- Corporate Tax registration & return filing with advisory support.
- Dedicated support team with scheduled review meetings.
- Includes filing of VAT returns on Quarterly basis.
Grow
Suitability of the package:
- Suitable for businesses who wants to comply with accounting as per the new CT Law.
- Includes Corporate Tax advisory and annual filing of Corporate Tax returns.
- Includes the filing of VAT returns every quarter implying that sales is more than 375,000 AED.
- Ideal for business owners seeking expert Corporate Tax advisory for business transactions and agreement structuring, as well as advisory support on other applicable laws and regulations impacting their business operations in the UAE.
BCL Globiz believes in working as a partner for its clients, and understanding their business model, needs, work approach, and goals before the commencement of the project to perfectly meet their needs.
Additional Note :
- Transfer Pricing: A transfer pricing study is applicable in the case of related party transactions and connected persons exceeding the threshold for reporting in the corporate tax return. The pricing of the TP services can be navigated here.
- Audited Financial Statement: Liaison for annual audit certification of financial reports – If required, we can provide this service, and the fee will be chargeable on a case-to-case basis. The fee depends on turnover and the nature of business activities. Additionally, audits are mandatory from a corporate tax perspective for companies with an annual turnover exceeding AED 50 million.
NOTE: The detailed packages enumerated above do not contain any hidden costs. If our packages suit your needs, please contact our experts at info@bcl.ae