+971 50 259 9376 / 02 446 4980 info@firswood.ae Tax Accounting, Book-Keeping, Auditing, Compliance, Outsourcing

Why choose Firswood Tax Advisory LLC?

We believe that it is our unparalleled levels of service that make us stand out from other financial services contractors operating in the UAE. We provide an in-depth knowledge of bookkeeping and tax returns as well as VAT regulations. The tax system in the UAE is attractive to many wealthy individuals and businesses but its unique nature and many recent changes means that obtaining up-to-date tax advice is essential in order to adhere to all of the rules.

One of the key advantages of using a specialist contracting firm to provide these sorts of services is that you get a great deal of expertise in the field for a fraction of the cost of hiring your own staff. SMEs, in particular, can gain a competitive advantage by outsourcing this important business function to a professional contractor knowledgeable in tax matters.

VAT is a common form of taxation in many countries around the world. When it comes to VAT Dubai has introduced in order to raise revenue for public expenditure on things like schools, roads, hospitals and parks across the Emirates. Businesses are responsible for their own VAT affairs and not the government, however. This is why so many enterprises need to engage the services of a top-quality firm which can help them to fulfil all of their obligations.

Our services include advice on a wide range of tax issues for both expatriates and business owners that operate within the UAE. We also provide extensive ledger keeping services and can provide a complete auditing function, too, if needed. Our team are also able to advise on related matters, such as business management systems and financial reporting.

We have staff members who have qualified in their respective fields and who have worked extensively in areas like tax advice and accountancy. We have worked with a lot of businesses in the UAE including many in Abu Dhabi and Dubai. Virtually every sector of the UAE's economy can be helped in the tax affairs by our knowledgeable team.

Businesses are responsible for registering themselves with the UAE Federal Tax Authority if they trade in goods that are deemed to be subject to this form of taxation from January 2018. Not all companies must register, but not doing so can lead to legal problems down the line, if it is later discovered that the business has not been complying fully with tax law. Therefore advice is needed if you think you may be able to gain an exemption.
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