Services
Accounting
Outsourcing accounting efforts is a more cost-effective method than opening a finance department within your organization. At Smart Wings, we offer two types of accounting and bookkeeping solutions. We can work off-site in our offices or on-site at your office, depending on your requirements and needs. By working on-site, we can teach you tips and tricks when it comes to bookkeeping services, governmental regulations, and much more. Off-site work can be sent to our team through various platforms, including email. You can also send us your records via cloudbased solutions such as One Drive, WeTransfer, Dropbox, or we can even arrange a pick-up directly from your office
Importance of
Accounting & Bookkeeping:
- Records the source of transactions
- Helps you budget accurately
- Better investment and expense decisions
- Keeps you prepared for tax
- Provide accurate data to prepare financial statements
- Legal requirement.
Benefits of
Outsourcing Accounting & Bookkeeping:
- Customized flexible solution
- High quality services at effective rates
- Long term commitment
- Reduce the administrative burden and finance staff cost
- Accuracy
- Security and confidentiality of your financial data, as our services include encrypted data
Auditing
Auditing ensures that the company is on the right track by improving risk management and following international as well as local guidelines. A good auditing system is an excellent way to evaluate company performance but also it ensures better management of an enterprise by improving its governance, risk management, and management controls.
Importance of Auditing:
Importance of Auditing:
- Increase the operational efficiency
- Evaluates risks and protects assets
- Effective control
- Ensure compliance with corporate laws and regulations
Tax Consultancy
Tax Management is considered as the toughest responsibility of an organization as it demands intricate detailing and effective structuring. However, proper tax history helps prevent financial loss and reduces liability while enhancing the goodwill of the organization. Smart Wings Accounting Services provides a comprehensive approach to the overall tax structure of your organization.
Value Added Tax (VAT):
Smart Wings Accounting Services has the best team of specialists who can help you overcome all the hurdles including unfamiliarity with VAT laws and regulations, lack of resources, compliance issues, and absence of an updated accounting system. Our top-notch VAT consultation services in UAE include:
- VAT registration and de-registration
- VAT audit and consultancy
- VAT implementation
- VAT return filing
- VAT training and many more
Corporate Tax:
The UAE has decided to introduce Corporate Income Tax (CIT) on business profits in the country.It will be effective for financial years starting on or after June 2023.
Corporate Tax Filing Services:
- Providing corporate tax registration services to all businesses.
- Preparing and assisting in the filing of corporate tax returns.
- Providing tax accounting services to streamline the accounts as per CT regulations.
Corporate Tax Rates in UAE:
- A 0% tax rate applies to taxable income up to AED 375,000
- A 9% tax rate applies to taxable income over AED 375,000
Business Advisory Services
A successful business needs a successful planning that combines comprehensive budgeting, better financial planning, and realistic forecasts. Such business planning goes on to provide financial stability, enhance visibility of risks, help analyze bottlenecks, enable control over expenses, and facilitates better fundraising.
We, the experts at Smart Wings, help you in creative construction of the business plan with the help of software suites, deep dive in research combined with human curation that delivers a great financial health to your organization.
- Management Reporting Services
- CFO Services
- Financial Planning Services
- Financial Forecasting Services
- Budgeting Services
Accounting Software integration & Implementation
We also provide a custom app-based system and cloud-based accounting systems—such as Tally prime ,QuickBooks, Xero, Zoho and Sage – configured to meet your business’s needs, both now and as it grows. If you’re using some of the other options, no worries, we support them too!
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