Services
Let us help empower your finance department
Accounting Services
Bookkeeping
Want to keep track of all sales and purchase invoices. We will help you keep your books in order so that your finance department is well organised so that you can monitor the financial health of your business in real time. We will maintain your business activities i.e. recording and maintaining a business’ financial transactions, such as purchases, expenses, sales revenue, invoices, and payments. Using the latest cloud technology we will record financial data into general ledgers, so that the meaningful reports can be produced including your balance sheet and income statement. An essential for any business wishing to grow and remain complaint with evolving UAE statutory laws.
Service Features
- Establishing Accounting software i.e. QuickBooks, Xero, Wave accounting etc
- Importing transactions accounting software’s.
- Invoicing and Billing
- Reconciliations
- Creating Chart of Accounts
- Sales Tax Returns (GST and VAT)
- Financial and Management Reporting
Tax Services
Value added Tax
As VAT is a transaction tax it impacts on a number of processes within the business. We can assist with your VAT accounting procedures and controls to be in place covering:
- Master data of customers and suppliers to the business, together with their place of establishment;
- Tax codes;
- Sales and purchase systems;
- General ledger;
- VAT reporting.
Vat Centric has significant experience in undertaking VAT accounting procedure reviews to ensure that businesses meet their VAT compliance requirements as outlined in the VAT decree Law
Corporate tax
Corporate tax is being introduced into the UAE after the successful launch of VAT in 2018 and the UAE’s commitment to BEPS 2.0. We can help businesses who meet the threshold comply with their corporate tax obligations from June 2023. For smaller businesses we can provide reassurance that their company qualifies for Exemption.
VAT Registration
We will maintain your business activities i.e. recording and maintaining a business’ financial transactions, such as purchases, expenses, sales revenue, invoices, and payments. They will record financial data into general ledgers, which are used to produce the balance sheet and income statement.
VAT Health Check
- Establishing Accounting software i.e. QuickBooks, Xero, Wave accounting etc
- Importing transactions accounting software’s.
- Invoicing and Billing
- Reconciliations
- Creating Chart of Accounts
- Sales Tax Returns (GST and VAT)
- Financial and Management Reporting
Business Consulting
Business Advisory
We offer unique services helping UK expats set up operation in the UAE and making them understand their compliance and regulatory obligations along the route.
Business Planning
We help to grow companies by providing business plans. We provide written roadmap for the firm from marketing, financial, and operational standpoints. Both startups and established companies can use our plans.
UK Tax advisory
We can help you with your current business setup in the UK from its Annual accounts to VAT returns. We are also able to assist you with your Personal tax returns such as Payroll and self assessments all in a tax efficient manner.
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