FAQs

Find answers to the most common questions below.

Accounting firms offer a variety of services, including bookkeeping, tax preparation, payroll, auditing, consulting, and compliance.

The cost of services varies based on the size of the business and the specific services required. Quotes are transparent and customized for each client.

Yes, they can assist with VAT compliance, which includes registration, filing, advisory services, and audits.

Yes. The UAE Commercial Companies Law requires all businesses to maintain proper books of accounts and retain financial records for at least five years. Maintaining accurate records is essential for compliance, financial management, and preventing penalties.

Bookkeeping is the transactional, day-to-day process of recording financial data. Accounting uses this data for analysis, interpreting financial performance, and strategic decision-making. Accounting is more subjective and provides insights into the business’s financial position.

The UAE corporate tax rate is 9% for businesses with taxable profits exceeding AED 375,000. Businesses earning below this threshold are exempt from corporate tax.

The tax period is typically 12 months, and the first return filing deadline is generally nine months after the end of the financial year. Failure to register or file on time can result in penalties.

The standard VAT rate is 5% and was introduced on January 1, 2018.

Yes, our team is well-versed in UAE VAT laws and can help your business stay compliant with regulations.

Our team can analyze your financial situation and provide cost-saving strategies to help your business increase profitability.

Yes, we can assist with company formation, registration, and other legal requirements for setting up a business in Dubai.

Yes, we can help create accurate budgets and forecasts to help your business plan for the future and make informed financial decisions.

Our personalized approach, attention to detail, and commitment to client satisfaction set us apart as a leading accounting firm in Dubai.

Risians Accounting serves a diverse clientele, ranging from startups and Small and Medium-sized Enterprises (SMEs) to larger corporations across various industries. We tailor our services to meet the specific needs and scale of each business.

An internal audit is an internal process to assess a company’s risks and controls. An external audit is an independent, third-party review of financial statements to confirm their accuracy and compliance with accounting standards.

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