FIND THE RIGHT ANSWERFrequently Asked Questions

What accounting services does Aurora Accountancy offer in Dubai?

Aurora Accountancy provides a comprehensive range of accounting services including bookkeeping, financial statement preparation, tax planning and compliance, VAT services, payroll processing, financial consulting, and audit support. Our services are tailored to meet the unique needs of businesses operating in the UAE.

How does VAT work in the UAE and how can Aurora Accountancy help?

VAT (Value Added Tax) in the UAE is currently set at 5%. Aurora Accountancy can assist with VAT registration, filing VAT returns, and ensuring compliance with UAE VAT laws. We also provide guidance on VAT planning and structuring to optimize your tax position.

What are the benefits of outsourcing accounting functions to Aurora Accountancy?

Outsourcing your accounting functions to Aurora Accountancy can lead to cost savings, increased efficiency, and access to expert knowledge. Our team ensures accuracy, compliance, and timely reporting, allowing you to focus on your core business activities.

How can Aurora Accountancy assist with financial planning and analysis for businesses in Dubai?

We offer comprehensive financial planning and analysis services to help businesses make informed decisions. This includes budgeting, forecasting, cash flow management, and financial performance analysis. Our goal is to support your strategic planning and growth initiatives.

What are the requirements for financial statement preparation in Dubai?

Businesses in Dubai are required to prepare financial statements in accordance with International Financial Reporting Standards (IFRS). Aurora Accountancy ensures that your financial statements are accurate, compliant, and provide a true and fair view of your financial position.

How does Aurora Accountancy support new businesses in Dubai with accounting setup?

We assist new businesses with setting up their accounting systems, establishing internal controls, and ensuring compliance with local regulations. Our services include chart of accounts creation, software implementation, and training for your staff.

What is the importance of audit support and how can Aurora Accountancy help?

Audit support is crucial for ensuring compliance and accuracy in financial reporting. Aurora Accountancy provides pre-audit assessments, documentation preparation, and liaising with auditors. Our aim is to streamline the audit process and address any potential issues proactively.

Can Aurora Accountancy help with tax residency and compliance in the UAE?

Yes, we provide advisory services on tax residency status and ensure compliance with UAE tax regulations. This includes guidance on the Economic Substance Regulations (ESR) and assistance with relevant filings and documentation.

How does Aurora Accountancy ensure data security and confidentiality?

We prioritize the security and confidentiality of your financial data through robust security measures, including encryption, secure access controls, and regular audits. Our team adheres to strict confidentiality agreements to protect your sensitive information.

What makes Aurora Accountancy unique in the Dubai accounting market?

Aurora Accountancy stands out due to our personalized service approach, deep understanding of the UAE’s regulatory environment, and commitment to excellence. Our experienced team offers tailored solutions to meet the specific needs of our clients, ensuring their financial success and compliance.

 

Where is is Aurora Consultancy

Aurora consultancy is based in Dubai

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