Services
Our team of experienced professionals is here to provide you with efficient and reliable services to streamline your operations.
We Help People In Solving their Business finance Issues.
Complimentary
Accounting Software
A user-friendly tool designed to streamline your accounting processes. This software helps simplify tasks such as invoicing, expense tracking, and financial reporting, enhancing overall efficiency and accuracy.
Assisting
Website Design and Development
We provide support in designing and developing your website, ensuring it meets both functional and aesthetic requirements. Our goal is to create a professional online presence that reflects your brand and attracts customers.
Account
Setup & Configuration
Professional setup and configuration of your accounts to align with industry best practices. This service ensures that your financial accounts are organized, compliant, and tailored to your specific business needs.
Personalized
Accounts Manager
A dedicated professional to manage and oversee your financial activities. Your
Accounts Manager will be your primary point of contact, providing personalized
support and guidance to optimize your financial management.
VAT Compliance and Filing
Timely and accurate VAT filings, ensuring compliance with all regulations. Our team monitors changes in VAT laws and regulations to help you avoid penalties and ensure smooth operations.
Five-Year
Document Archiving
Secure archiving of financial documents for up to five years. This service ensures that your important financial records are stored safely and can be easily accessed when needed, complying with legal retention requirements.
Corporate
Tax Strategy & Legal Structure
Development and implementation of a tax strategy that aligns with your business structure. Our experts analyze your business operations to create an effective tax plan that minimizes liabilities and maximizes savings.
Establishing
the Chart of Accounts
Creation of a customized chart of accounts to fit your business needs. This foundational step organizes your financial data, making it easier to manage and report on your finances.
Compliance
with Corporate Tax Regulations
Ensuring your business adheres to all corporate tax laws. We help you navigate the complexities of corporate tax compliance, providing peace of mind and reducing the risk of penalties.
Holistic
Tax Strategy Planning
Comprehensive planning to optimize your tax position. This service includes analysing your financial situation and identifying opportunities for tax savings while ensuring compliance.
Financial Reporting
Generation of financial statements including Balance Sheet, Income Statement, Sales & Expense Reports, and more. Our detailed reporting provides valuable insights into your business’s financial health.
Tracking
Payments and Receipts
Monitoring of all payments and receipts for accurate financial records. We ensure that all transactions are recorded properly, allowing for precise financial management.
Reconciliation
of Receivables and Payables
Regular reconciliation to ensure accurate financial statements. This process helps maintain the integrity of your financial data, ensuring that all accounts are balanced.
Bank
and Cash Reconciliation
Monthly reconciliation of bank accounts and cash flow. We verify that your financial records match your bank statements, identifying discrepancies and ensuring accurate reporting.
Monthly Review Meeting
Regular meetings to review financial performance and address any concerns. These meetings provide an opportunity to discuss your financial status, set goals, and make informed decisions.
Annual
Budget Planning and Forecasting
Assistance in creating an annual budget and forecasting future financial needs. We help you plan for the upcoming year, ensuring that your financial resources are allocated effectively.
Projected
Annual Cash Flow Statements
Projection of your annual cash flow for better financial planning. This service helps you anticipate cash needs, identify potential shortfalls, and plan for future growth.
Analysis
of Financial Statements
In-depth analysis to provide insights into your financial health. Our team examines your financial statements to identify trends, strengths, and areas for improvement.
Payroll Administration
Management of payroll, ensuring timely and accurate payments. We handle all aspects of payroll processing, including deductions, tax calculations, and compliance with labor laws.
Import Export BOE Reconciliation
Reconciliation of Bill of Entry (BOE) for import/export transactions. We ensure that your import/export records are accurate and compliant with customs regulations.
How It Works
Our process involves assessing your financial situation, identifying key areas for improvement, and creating a personalized plan with actionable steps to achieve your goals.
Consultation
We start with a detailed review of your needs and provide tailored advice and strategies to enhance your financial success. Schedule your consultation today.
Strategize
We start by thoroughly reviewing your financial needs and goals, then develop customized strategies to enhance your financial success and optimize your outcomes.
Take Action
We start by reviewing your financial needs and then develop tailored strategies to drive actionable results and enhance your financial success.
FAQs
There are three main types: Commercial License (for trading businesses), Industrial License (for manufacturing), and Professional License (for service-based activities). Each license type supports specific business activities.
Non-compliance can lead to penalties, which may include fines for late registration, incorrect filings, and unpaid VAT.
Mainland companies can operate anywhere in the UAE and participate in government contracts, while Free Zone companies enjoy tax benefits and easy setup processes but may have restrictions on doing business directly within the UAE outside their Free Zone.
Corporate tax in the UAE is 9% on taxable income over AED 375,000. Profits below this threshold are exempt from corporate tax.
We Provide Solutions to Your Business Challenges
Get in touch with GKV Associate for customized business solutions, expert financial advisory, and consultancy services. Let us help your business succeed today!