accounts@profitedgeca.com +971 58 2241 225
Understand the financial performance of your business in a more accurate manner.
With our expert tax planning and preparation of year end reports, you can minimize your tax liabilities.
It is our commitment to providing exceptional client service that distinguishes us from our competitors. Our team works closely with you to understand your business and offer tailored solutions.
Dubai-based professional service organization. We provide a variety of professional services that meet the needs of our customers, including Audit and Assurance, Taxation Services, management Accounting services, CFO services, Co- incorporation & liquidation services, Internal Audits, Business consultancy, SOP preparation, Inventory verification, Business valuation & Software Consulting.
We have clients from a wide range of industries and businesses. We provide a wide range of services tailored to the specific requirements of each client. Our goal is to assist our clients in achieving their goals creatively and progressively.
It is our goal to be the most effective, conscientious, and productive accounting firm in the UAE.
Our mission is to provide our clients with accounting and advisory services that are reliable, transparent, and insightful.
Our company offers a wide array of management accounting services, tailored to address the varied financial needs of businesses.
The team of Professional Chartered Accountants includes professionals with extensive experience and expertise in IFRS, International Accounting Standards.
We offer comprehensive advisory services and practical guidance for the incorporation and liquidation of businesses at Profit Edge accounting.
Our tax experts provide comprehensive assistance and guidance regarding UAE tax law compliance, having extensive experience in the industry .
Let’s connect and discuss how outsourcing can help you save on costs and scale your business.
An accounting firm that provides full accounting department services is referred to as an outsourced accounting service provider in the UAE. It consists of a variety of activities, including routine transactions updating, accounts receivables, accounts payables, payroll and taxation, as well as financial reporting management. Small businesses in the UAE are likely to face many challenges as they begin to operate. There is a high cost associated with hiring a full-time dedicated accountant in the UAE due to the fact that companies are required to provide the accountant with a company visa, health insurance, travel ticket, and a monthly salary, as well as integrate the software with the accountant's account. By outsourcing accounting services for their small businesses in Dubai, UAE, businesses can avoid all of these costs.
Yes, it is mandatory for businesses operating in the UAE to keep records of their financial transactions because of serval reason.
Statutory requirement
Commercial company Law: The Commercial Company Law requires all UAE-registered companies to maintain accurate accounting records in accordance with International Accounting Standards. Additionally, companies must appoint an auditor to conduct an annual review of their financial statements. These records must clearly reflect the company’s financial position and be retained at least five years following the end of the fiscal year
UAE Value Added Tax (VAT) regulations mandate that companies document all business transactions and maintain detailed accounts to ensure full compliance with the law.
Corporate tax: The recently introduced corporate tax regulations require companies to maintain accurate financial records to assess their taxable income. Businesses must adhere to the documentation and reporting requirements set by the Federal Tax Authority (FTA), ensuring transparency and full compliance with tax obligations.
It is necessary to submit the financial statements along with the CT tax return. All taxpayers are required to provide a breakdown of their financial statements, including the income statement, statement of financial position, and statement of other comprehensive income, prepared under International Financial Reporting Standards (IFRS) or IFRS for SMEs. This information should be provided on a standalone basis, except where taxpayers are part of a tax group.
Businesses in the UAE that exceed the VAT registration threshold are required to collect, remit, and file VAT returns. With the assistance of a leading tax consultancy in Dubai, your business will be able to comply efficiently with all VAT compliance requirements. To ensure accuracy and timely VAT reporting, we will guide you through the process with the assistance of our expert team from a leading accounting firm in Dubai
