Accounting & support for your business
We help private businesses grow
VAT4U LLC, founded in 2020, headquartered in Sharjah Media City, with branches in Ajman, Dubai, and Abu Dhabi, offers comprehensive accounting, auditing, tax and book keeping services.
01. Auditing
02.Accounting & Book Keeping
03.Corporate Income Tax
04.VAT Compliance Services
Auditing
We offer a full range of audit & assurance services and help companies to achieve business goals by understanding the organizational structure & internal process of the company.
Audit & Assurance is the process of making an analysis of company accounts and verifying data in the financial statements with supporting documents. The audit process also identifies the risk involved in the business operation with regards to the industry and business market.
01. External Audit
An external audit entails an impartial evaluation of a company’s financial statements. It serves to reassure stakeholders that the financial statements are accurate and free from significant errors.
External auditors, renowned for their impartiality, meticulously analyze the company’s financial position and procedures. Opting for external audit services enhances credibility and minimizes the likelihood of erroneous accounting entries.
02.Internal Audit
Internal auditing services are indispensable for pinpointing weaknesses in internal controls, operational efficiency, and regulatory compliance. In the UAE, internal auditing is executed by Certified Internal Auditors equipped with extensive expertise in internal controls, processes, and systems.
This rigorous process ensures that companies maintain their course by enhancing risk management practices and adhering meticulously to both international and local guidelines.
03. Tax Audit
As per the Tax Procedures Law (Federal Decree-Law no. 7), a tax audit is a procedure administered by the Federal Tax Authority (FTA) to scrutinize the commercial records, information, or data of taxable entities conducting business in the UAE.
The FTA conducts tax audits on taxable entities to verify adherence to the provisions outlined in the UAE VAT Law and the Tax Procedures Law. Through tax audits, the FTA confirms that taxable entities have met all obligations and that all taxes due are collected and remitted to the government within stipulated timelines. We offer companies pre-audit and post-audit assistance to ensure VAT compliance.
03. Tax Audit
As per the Tax Procedures Law (Federal Decree-Law no. 7), a tax audit is a procedure administered by the Federal Tax Authority (FTA) to scrutinize the commercial records, information, or data of taxable entities conducting business in the UAE.
The FTA conducts tax audits on taxable entities to verify adherence to the provisions outlined in the UAE VAT Law and the Tax Procedures Law. Through tax audits, the FTA confirms that taxable entities have met all obligations and that all taxes due are collected and remitted to the government within stipulated timelines. We offer companies pre-audit and post-audit assistance to ensure VAT compliance.
Accounting & Book Keeping
Maintaining proper books of accounts for at least five years is mandatory for companies in the UAE, underlining the importance of meticulous financial management. As global standards like IFRS continue to shape accounting practices, businesses face increasing complexity and regulatory demands.
Amidst this landscape, VAT4U offers essential support, helping companies navigate challenges in bookkeeping, cash flow management, and financial forecasting. In a competitive market like the UAE, adhering to international standards is crucial for sustained growth and compliance with legal requirements.
Corporate Income Tax
Are you prepared for Corporate Tax in the UAE?
With the commencement of corporate tax registration in the UAE, businesses must engage top corporate tax consultants for advisory support, given the Ministry of Finance's issuance of guidelines and consultation documents. Recognizing this urgency, our services offer robust advisory assistance in assessing compliance requirements.
Partnering with leading consultants, companies can determine their tax scope, prepare necessary documents, understand taxation nuances, including free zone company taxation, applicable rates, exempted income, and other critical aspects. Familiarity with these requirements ensures compliance, avoiding penalties and maintaining trust and transparency with investors and shareholders, crucial for a positive business image amidst evolving tax regulations in the UAE.
Accounting & support for your business
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VAT Compliance Services
Since the introduction of VAT on January 1, 2018, businesses in the UAE have been actively seeking the services of top VAT consultants. The proper and structured implementation of VAT has become a necessity, and VAT consultancy is essential to comply with UAE VAT laws.
Some of the major VAT compliance services offered by VAT4U include:
- Ensuring timely submission of VAT returns and reconciliation.
- Reviewing VAT records, returns, and reconciliation.
- Providing advice on client clarifications regarding FTA notifications.
- Representing businesses before the FTA for tax matters.
- Reviewing and customizing source documents
The VAT advisory services provided by VAT4U encompass:
- VAT planning in the UAE.
- General VAT advisory services.
- Recommending whether to register for VAT as a single entity or a tax group.
- Assessing the applicability of the reverse charge mechanism for imports.
- Conducting VAT training and awareness programs for staff
VAT Registration
Businesses in the UAE with taxable supplies and imports exceeding AED 375,000 (USD 100,000) must mandatorily register for VAT. According to UAE VAT law, those with values between AED 187,500 and 375,000 can opt for voluntary registration. Entities below AED 187,500 are exempt.
Online VAT registration is available, and assistance from proficient VAT consultancies, like VAT4U LLC, is recommended for a smooth process. Notably, all names (company, owner, manager, etc.) must be entered in both Arabic and English.
We offer qualified consultants versed in VAT accounting, filing, refunds, and local regulations
VAT Registration
Online VAT registration is available, and assistance from proficient VAT consultancies, like VAT4U LLC, is recommended for a smooth process. Notably, all names (company, owner, manager, etc.) must be entered in both Arabic and English. We offers qualified consultants versed in VAT accounting, filing, refunds, and local regulations
Contact info
For expert accounting, auditing, tax and book keeping services, contact VAT4U LLC today
