Eminent Accounting & Book Keeping

Eminent Accounting & Book Keeping Eminent Accounting & Book Keeping is One of Promising Financial Expertise Advisory Team.

UAE TAX AUDIT / CORPORATE TAX :- Are you waiting for corporate tax return in UAE ? We are here to help you. We can sort ...
30/08/2025

UAE TAX AUDIT / CORPORATE TAX :- Are you waiting for corporate tax return in UAE ? We are here to help you. We can sort all books of accounts and make financial statements

UAE FTA :- Federal Tax Authorities has implemented penalty Wave off system .
02/08/2025

UAE FTA :- Federal Tax Authorities has implemented penalty Wave off system .

Corporate Tax :- If you still haven’t filed your corporate taxes, you’re not alone—but you’re running out of time.And th...
20/07/2025

Corporate Tax :- If you still haven’t filed your corporate taxes, you’re not alone—but you’re running out of time.
And the cost of delay isn’t just financial—it’s operational, and reputational.
The AED 10,000 fine is already active—and July 31, 2025 is your final chance to cancel it through the UAE’s government waiver program.

Need help with Corporate Tax Returns in the UAE?Our expert team ensures accurate filing, compliance with FTA regulations...
13/04/2025

Need help with Corporate Tax Returns in the UAE?
Our expert team ensures accurate filing, compliance with FTA regulations, and peace of mind. Focus on growing your business—we’ll handle the taxes

UAE Corporate Tax 2025 UAE issued new regulations clarifying the corporate tax obligations for foreign investors, partic...
08/04/2025

UAE Corporate Tax 2025

UAE issued new regulations clarifying the corporate tax obligations for foreign investors, particularly those involved with Qualifying Investment Funds (QIFs) and Real Estate Investment Trusts (REITs). These regulations specify the conditions under which non-resident investors are subject to corporate tax, aiming to enhance transparency and attract foreign investment.


UAE Corporate Tax Update:- The UAE has introduced a standard corporate tax rate of 9%, applicable to businesses with tax...
08/04/2025

UAE Corporate Tax Update:-

The UAE has introduced a standard corporate tax rate of 9%, applicable to businesses with taxable profits exceeding AED 375,000 annually. Small businesses and entities with profits below this threshold remain exempt, supporting small and medium-sized enterprises (SMEs). ​

UAE VAT Returns Due date is 28-3-25! In the UAE, accounting services cater to businesses and individuals by ensuring pro...
24/03/2025

UAE VAT Returns Due date is 28-3-25! In the UAE, accounting services cater to businesses and individuals by ensuring proper financial management, compliance with local regulations, and accurate reporting. Below are some common accounting services offered in the UAE:

Bookkeeping Services:
Regularly recording and managing financial transactions, including sales, purchases, payments, and receipts, to ensure that a business’s books are up-to-date.
Financial Statement Preparation:
Preparing essential financial documents like balance sheets, income statements, and cash flow statements that offer an overview of the business’s financial health.
VAT Compliance and Advisory:
Assisting businesses with VAT registration, filing of VAT returns, and advising on VAT laws to ensure compliance with UAE’s VAT regulations.
Payroll Services:
Managing employee salaries, benefits, and tax deductions while ensuring compliance with labor laws and payroll regulations in the UAE.
Tax Filing and Planning:
Providing tax services, including corporate tax filings and structuring advice, to ensure businesses meet local tax obligations and minimize liabilities.
Auditing Services:
Conducting internal and external audits to assess the accuracy of financial records and compliance with UAE laws, often required for businesses seeking to establish a presence in the country.
Management Accounting:
Providing insights and financial analysis that help businesses make informed decisions. This includes budgeting, forecasting, and financial planning.
Financial Consulting:
Offering expert advice on financial strategy, investment planning, and risk management to help businesses improve profitability and sustainability.
Forensic Accounting:
Investigating financial discrepancies, fraud, or disputes, helping businesses resolve issues related to financial misconduct.
Company Formation and Advisory:
Assisting businesses with setting up new companies in the UAE, providing guidance on the financial structure, regulatory compliance, and financial management.

All Eligible Natural Persons must Register Corporate Tax before the End of March 2025 to Avoid the Administrative Penalt...
23/03/2025

All Eligible Natural Persons must Register Corporate Tax before the End of March 2025 to Avoid the Administrative Penalties

23/03/2025

Let's review the key financial highlights for the end of Month.

At month-end, it's crucial to focus on several key financial points to ensure everything is accurate and up-to-date. Here's a breakdown of the major points that should be discussed:-

1️⃣Review and Reconcile Accounts
👉Reconcile bank accounts.
👉Reconcile accounts payable and accounts receivable.
👉Confirm any outstanding transactions or pending entries.

2️⃣Ensure Accurate Data Entry:
👉Post all revenue and expense transactions.
👉Verify accuracy of payroll entries.

3️⃣Inventory Management:
👉Adjust inventory levels and reconcile with the general ledger.

4️⃣Depreciation and Amortization:
👉Calculate depreciation and amortization for fixed assets.
👉Ensure depreciation and amortization are posted correctly in the ledger.

5️⃣Accounts Payable and Receivable:
👉Ensure all supplier invoices are recorded and paid on time.
👉Review any overdue accounts and send reminders if necessary.

6️⃣ Accruals and Prepaid Expenses:
👉Record accruals for any expenses incurred but not yet invoiced.
👉Adjust prepaid expenses for any changes.

7️⃣Tax Compliance:
👉Ensure all necessary tax filings are up to date.

8️⃣Prepare Financial Statements:
👉Generate trial balance.
👉Prepare the income statement, balance sheet, and cash flow statement.

9️⃣Management Review:
👉Share the financial reports with management for review.

🔟Back Up Data:
👉Ensure all financial data is backed up and securely stored.

Professional Accounting Services ! Contact us ❤️
12/03/2025

Professional Accounting Services ! Contact us ❤️

09/03/2025

Important:-⚠️
Deadline is 31 March 2025.

Natural Persons Must Register for Corporate Tax Before the End of March 2025 to Avoid Administrative Penalties

A natural person will only be subject to Corporate Tax if they conduct a business or business activity in the UAE. This includes sole establishments and individual partners in unincorporated partnerships operating in the UAE.

If a natural person conducts business or business activity in the UAE during the 2024 calendar year (or subsequent years), and their total turnover exceeds AED 1 million in that year, they will be considered a taxable person. As such, they must register for Corporate Tax no later than 31 March of the year following the calendar year in which their turnover exceeded the AED 1 million threshold, and comply with all Corporate Tax obligations.

For example, if a natural person conducts business or business activity in the UAE during the 2024 calendar year, and their revenue exceeds AED 1 million by 31 July 2024, they must submit an application to register for Corporate Tax no later than 31 March 2025. They will then need to submit a Corporate Tax return no later than 30 September 2025.

07/03/2025

A successful business starts with a solid foundation, and a great accountant is key to building that foundation strong and steady.

Ramadan Kareem!
May this blessed month bring peace and prosperity to your business.🌙

- Eminent Accounting & Bookkeeping!
- Eminent Corporate Finance Advising !

Address

Office#13, Baith Abdulla Building, Behind Al Hilal Bank, Al Qasimia
Sharjah

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Saturday 09:00 - 17:00
Sunday 09:00 - 17:00

Website

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