Accounting & Compliance Services
Our Services
Direct Taxation
- Corporate taxation
- Transfer Pricing (TP)
Accounting & Bookkeeping
- Accounting & Financial Reporting
- Accounting Outsourcing Updating of Backlog Accounts
- Fixed Asset Management
- Standard Operating Procedures
- Inventory Verification
Audit & Assurance
- External & Internal Audit
- Due Diligence Review Investigation
- IFRS Advisory Services
- Forensic Audit & Fraud Investigation
- Anti-Money Laundering (AML) Compliance
Indirect Taxation
- UAE Value Added Tax (VAT)
- Indirect Tax
- Customes
Company Incorporation
- Mainland Company
- Free Zone Company
- Offshore Company
Management Consultancy
- CFO Services
- Trade Finance
- Working Capital Finance
- Project Finance
- Financial & Feasibility Study
- Market Research & Business Plan
- Mergers & Acquisition
- Business Valuation Reports
- Economic Substance Regulation
- Tax Residency Certificate
- Ultimate Beneficial Owner Regulation (UBO)
Accounting and Bookkeeping
We Offer a wide Spectrum of Accounting Services that answers to the Financial Needs of any Business in the Global Market. We Ensure that the Financial Statements are complying with International Financial Reporting Standards (IFRSs) and we are committed to keep the highest level of professional standards and Quality
- Financial accounting system design & implementation
- Accounting Outsourcing Services Updating Backlog Accounts
- Accounting on periodical basis
- Supervision and Review of Financial Accounting Records
Financial Reporting Services
We have experienced and qualified accountants with expertise in International Financial Reporting Standards and the latest accounting software. We are suitable for those companies who need to outsource their finance and accounts function to avoid the cost burden of full-time CFOs and Accountants.
We offer below services to assist our clients in maintaining proper accounting records and obtain management reports necessary to know the current economic status of business and to make strategic decisions accordingly.
- Accounting and Management Information System (MIS) Service
- Outsourced Payroll Services
- Management and preparation of Inventory records maintenance
- Fixed Assets Register & Verification service
- Assisting the Companies preparation of Financial Reports for external & internal Audit.
Direct Taxation
On 9 December 2022, the United Arab Emirates (UAE) Ministry of Finance (MoF) released Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law) to enact a new Corporate Tax (CT) regime in the UAE.
The new CT regime will become effective for accounting periods beginning on or after 1 June 2023. For groups with a December year end, this provides for a 12-month period to prepare and assess the impact ahead of the effective date. However, general anti-avoidance and transitional rules do apply from the date the law is published in the Official Gazette.
Corporate Tax is a form of direct tax levied in the net income or profit of corpora- tions and other businesses. Generally, such taxes are computed on the accounting net profit of a business after making adjustments for certain items which are speci- fied under the UAE Corporate Tax Laws
Master Key Accounting and Bookkeeping possess a team of specialist in the field of direct taxation having a great experience, acquired from different tax regimes and hence are able to provide various services in the following fields:
Services we Provide
- Corporate Tax Impact Assessment
- Tax Compliance & Implementation
- Tax Advisory
- Tax Registration
- Assessment of Tax & Computation
- Tax Return Filing
- Tax Training
- Transfer Pricing Advisory
- Transfer Pricing Documentation
Indirect Taxation
1- Value Added Taxtion (VAT)
We can support our clients in:
- VAT Advisory services
- VAT Registration
- VAT Deregistration
- VAT Return Filing
- Tax Audit
- VAT Implementation
- Tax Refunds
- Voluntary disclosure
- Re-consideration application for waiver of VAT related fines penalties
2- Excise Tax
Excise tax is levied on specific goods referred to as “excise goods,” which are typically harmful to human health or the environment. Below is the list of excise goods:
- Carbonated drinks
- Energy drinks
- Tobacco and tobacco products
Services Offerings
- Excise Tax Registration
- Excise Tax De-Registration
- Excise Tax Return filing
- Excise Tax Complaints
- Review & Advisory
- Excise Tax Implementation
Audit & Assurance
- External Audit
- Due Diligence Audit
- IFRS Implementation & Advisory
- AML Compliance
- Risk Management
- Forensic Audit & Fraud Investigation
- IFRS Impact Assessment
- Internal Audit
- AML Compliance
1- Financial Statement Audit
Financial Statement Audit covers the independent auditor’s opinion on the historical financial information of the company that are prepared by the company’s management.
What we Offer
We offer array of Audit and Assurance services to meet our client’s needs. Our tailored made Assurance services are performed by experienced and qualified professionals that ensure client confidence and satisfaction. Our consistent audit methodology with the right blend of multidisciplinary teams address the most complex issues, by deploying the latest, high-quality auditing procedures and tools.
2 - Internal Audit
nternal Audit provides independent Assurance that an Organisation’s Risk Management, Governament, and Internal control processes are operating effectively.
Our Internal Audit services include.
- Monitor, assess, and evaluate organizational risk and controls.
- Review and confirm information and compliance with policies, procedures, and laws.
- Make recommendations to enhance processes, policies & procedures where there is room for improvement.
What we Offer
We provide quality internal audit services through our internal Audit professionals, among the most technically adept in the Profession, using intelligent automation and innovative Analytics capabilities.