Indirect Tax

As an external contractor, our services are geared up to the needs of a variety of business sectors. We offer tax advice in food supply, healthcare, real estate, construction and manufacturing in the UAE. Our services are equally as appropriate for businesses working in the oil and gas sector, too. Each operational area of the Emirates' economy needs a degree of expertise in order to make sure that all of the relevant tax declarations are made to the Federal Tax Authority. At Firswood Tax Advisory LLC, we have the skill and knowledge available in each of these sectors to meet all of the relevant tax regulations. Read on to discover the many types of service we can provide.

Tax and VAT Services

As well as an extensive amount of knowledge when it comes to tax residency regulations, we are able to help with all matters relating to VAT. When it comes to VAT Dubai businesses can face legal penalties for failing to declare everything they need to from 2018 onwards. This is the case even if a valid attempt has been made to comply. In short, VAT compliance is an urgent matter for many businesses right now. Our expertise with VAT and other tax matters is consequently invaluable to businesses which wish to go on trading in the UAE. We can also assist where requesting an exemption from VAT registration may be appropriate. We have unrivalled experience in all areas of taxation, including corporation tax and international taxation matters. Our knowledgeable staff work with enterprises in virtually every economic sector, so you can be assured that we will have the necessary prowess to advise you no matter what business you happen to be engaged in.

Auditing Services

Ensuring that a business' financial matters are in good order means being able to audit them thoroughly. Without such checks, it is impossible for business owners to deal with their tax obligations correctly and safe in the knowledge that they are meeting all of the requirements of the law. Our auditing services provide this very function. Both internal auditing and external auditing services are on offer. We have the know-how to ensure that you meet all of the statutory rules currently in place in the UAE. Our services extend to revenue audits, liquidation reports, financial feasibility studies and VAT-related consultations. Our approach to auditing is constantly updated to take account of any rule changes that might come into force by the authorities.

Accountancy and Bookkeeping Services

As well as our tax advice, we provide a range of accounting and bookkeeping services. From simple ledger updates to annual accountancy reports, we can provide your business with everything that is needed to keep your records up to date and compliant with any regulations your sector might be subject to. Where a backlog of ledger entries have built up, something that is all too easy in a fast-moving business world, we will be able to bring all of your financial data into good order for the current reporting period. We can help with various areas of accountancy including ratio analysis reports, payroll services, bank reconciliation as well as profit and loss reporting, to name but a few.

Professional and Business Management Services

A good working knowledge of the financial regulations is essential for Abu Dhabi accountants as it is elsewhere in the region. However, local knowledge of tax regulations is just one aspect of our service. We can also provide professional services to business managers to ensure that they comply with other business regulations in the Emirates. From licensing arrangements to advice on customs regulations, we can help businesses to work efficiently in the UAE no matter where they are based. Where companies require documentary proof of business compliance, we can provide the necessary attestation services. Bear in mind that all of these business management services, many of which will save money in the long-term, are provided at highly competitive rates.