Frequently Asked Questions (FAQs)
Q1: Do I need to register for VAT even if my revenue is low?
A: If your taxable turnover exceeds AED 375,000 annually, VAT registration is mandatory. We also offer voluntary registration for businesses below this threshold.
Q2: What is the deadline for Corporate Tax filing in the UAE?
A: The first corporate tax return is due within 9 months after the end of your financial year. We help you stay ahead of deadlines.
Q3: Can I set up a business in the UAE without being a resident?
A: Yes! Especially in Freezones, 100% foreign ownership is allowed, and we can assist with residency visa processing.
Q4: What’s included in your AED 5,885 business setup plan?
A: It covers Freezone license, documentation, and establishment card. Additional costs may apply for visas or specific activities.
Q5: Can I outsource only payroll under HR Services?
A: Absolutely. We offer modular HR services, including standalone payroll processing.
Q6: Do I need a full audit every year?
A: Not all businesses require it, but certain Freezones, banks, and investors may mandate annual audits. We guide you case-by-case.
Q7: Which accounting software do you recommend?
A: We work with Zoho Books, QuickBooks, Tally, and Xero. We’ll recommend the best fit based on your size and needs.
Q8: Can we outsource our entire Accounts Department to SM Chartered Accountants?
A: Yes, absolutely! We offer full-fledged outsourced accounting solutions, acting as your virtual finance department. From daily bookkeeping to tax filing and financial reporting, our team handles it all — at a fraction of the cost of hiring in-house staff.
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Benefits of Outsourcing Your Accounting Department
1. Cost Savings
· No need to hire full-time staff (Accountant, Finance Manager, etc.)
· Avoid visa costs, health insurance, gratuity, and payroll expenses
· Pay only for what you need — monthly or project-based
2. Expertise on Demand
· Access to a team of qualified accountants, auditors, and tax experts
· Stay updated with UAE laws, FTA guidelines, and tax regulations
· Avoid costly errors and penalties due to inexperience
3. Scalability & Flexibility
· Easily scale services up or down as your business grows
· Choose from daily, weekly, or monthly reporting cycles
· Switch from basic bookkeeping to full CFO-level support as needed
4. Better Compliance
· Accurate VAT and Corporate Tax filing
· FTA-compliant record keeping
· Timely submissions avoid late penalties and audits
5. Focus on Core Business
· Free up your time and energy to focus on growth and operations
· Let finance and reporting be handled by professionals in the background
6. Access to Modern Tools & Software
· We use cloud-based accounting systems like Zoho Books, QuickBooks, Xero, Tally
· Real-time access to reports and dashboards
· Automation reduces errors and improves efficiency
7. Confidentiality & Data Security
· Professional-grade security protocols for sensitive data
· NDA and service-level agreements to ensure trust and transparency
8. Strategic Financial Insights
· Monthly MIS reports to support smart decision-making
· Budgeting, forecasting, and cash flow analysis
· Business performance dashboards
👥 Our Valued Clients
We take pride in serving a diverse portfolio of clients across industries including logistics, electrical, automotive, media, and general trading. Our commitment to professionalism and excellence has earned us long-term partnerships with businesses of all sizes.
Some of our esteemed clients include:
- Transland LLC
- Inforge Electrical Management
- Old Apple FZCO
- European Distribution FZCO
- SGV Enterprises
- Skillsorted FZE
- Al Samar Wood
- Zia Car Rentals
- Four Wheel Luxury Car Rentals
- Sahil Al Khaleej General Trading LLC
- Usmaniye Documents Handling
- Digital Media Group LLC
We thank our clients for their trust, and we continue to deliver excellence in every engagement.
