Accounting Services for Small Businesses in Dubai

For a small business in Dubai, managing finances effectively is the key to sustainable growth. Juggling daily business operations while navigating the complexities of VAT, Corporate Tax, and regulatory compliance can be overwhelming for business owners. Oncount is a leading accounting firm in Dubai, offering structured and compliant accounting services for small businesses across the UAE.

We provide the accuracy, dedicated support, and financial clarity you need to meet all regulatory requirements, allowing you to focus on your core business activities.

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Comprehensive Accounting Services for Small Businesses

Our tailored support is meticulously aligned with key UAE legislation:

Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses: We ensure your books are maintained in a compliant manner, ready for the calculation and filing of UAE Corporate Tax returns, helping you manage liabilities effectively.
Federal Decree-Law No. (8) of 2017 on Value Added Tax: Our VAT services for small businesses cover everything from registration and filing to ensuring every invoice is compliant, protecting you from common pitfalls.
Federal Decree-Law No. (32) of 2021 (Commercial Companies Law): We help businesses in Dubai ensure they meet the legal requirement to maintain accurate financial records for a minimum of five years, which is crucial for audits and legal standing.

The Main Accounting Challenges a Small Business Faces

Small business owners in the UAE face a unique set of financial challenges. Our expert accounting services are designed to address these specific pain points:

Managing Cash Flow: The lifeblood of any small business. We provide accurate cash flow statements and forecasting to help you manage your working capital effectively.
The Burden of Compliance: Staying up-to-date with changing tax laws, VAT regulations, and corporate filing deadlines is a full-time job. We take this burden off your shoulders.
Lack of Resources: Most startups and small businesses cannot afford a full-time, experienced accountant. Outsourcing provides access to a team of accounting professionals at a fraction of the cost.
Making Sense of Financial Data: Financial statements are more than just numbers. We help you interpret the data to understand your profitability, identify cost-saving opportunities, and plan for business growth.
Time Constraints: Business owners are stretched thin. Our services to help small businesses handle accounting tasks free up your valuable time, allowing you to focus on running your business.

Steps for Setting Up Small Business Accounting in Dubai

Establishing a proper accounting process is crucial from day one. Oncount guides you through a clear and structured setup:

Discovery and Needs Analysis

We start by understanding your business activities, industry, and specific accounting needs.

Choosing the Right Accounting Software:

We advise on and help set up the best accounting software options for your business, such as Zoho Books, Xero, or QuickBooks.

Chart of Accounts Customization

We create a tailored chart of accounts that reflects your unique revenue streams and expenses.

Opening Balances and Data Migration

We ensure a clean start by accurately inputting your opening financial data.

VAT and Corporate Tax Registration

If applicable, we manage the registration process with the Federal Tax Authority (FTA).

Establishing Bookkeeping Workflows

We create an efficient process for you to submit invoices, receipts, and bank statements to our team.

Payroll System Setup

We implement a WPS-compliant payroll system for your employees.

Reporting Schedule

We establish a regular schedule for delivering key financial reports to you, such as monthly P&L statements and balance sheets.

Legal Requirements in Dubai: Why Accurate Accounting is Crucial for Businesses

For every small business in Dubai, maintaining proper accounting is a strict legal requirement, not an optional extra. Accurate financial records are directly linked to your operational license, tax compliance, and ability to secure financing.

Legal Mandate: The UAE Commercial Companies Law explicitly requires all businesses to maintain accurate financial records.
Tax Compliance: Both VAT and Corporate Tax laws require businesses to have precise and verifiable financial data to support their tax returns. Failure to do so can lead to an audit and penalties.
Business Viability: Banks and investors will not consider financing a business without clear and professionally prepared financial statements.
Informed Decision-Making: Accurate accounting allows you to track performance, manage costs, and plan effectively for the future.

Applicable Laws & Resolutions

Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses
Cabinet Decision No. (75) of 2023 on Administrative Penalties for Tax Law Violations
Record-keeping requirements from the Federal Tax Authority (FTA)

Risk & Penalty Mitigation

Non-compliance can result in significant financial penalties. Oncount helps businesses avoid these risks.

Fines for Late Registration/Filing: Avoid penalties for missing VAT or Corporate Tax registration and filing deadlines.
Loss of Tax Benefits due to Misclassification: We ensure all expenses are correctly classified so you can claim all eligible deductions and VAT credits.
Proactive Management Tools: We use compliance dashboards, automated alerts for deadlines, and secure data backup systems to keep your business compliant and protected.

Industry-Specific Accounting Services

Industry-Specific Expertise

Retail/eCommerce: We manage high-volume transactions, inventory accounting, and sales tax compliance across multiple platforms.
Trading: Our services cover import/export documentation, multi-currency transactions, and logistics cost accounting.
Professional Services: We provide accounting for consultants, law firms, and marketing agencies, focusing on project-based profitability and revenue recognition.
IT/SaaS: We handle subscription-based revenue models, deferred revenue, and digital compliance.
Real Estate: We offer specialized bookkeeping for real estate brokers and property management companies.

Client Integration & Customization

Embedded Advisory Support: We offer ongoing advisory services to help you make informed business decisions.
Real-Time Dashboards: Access real-time financial data through our client dashboards for up-to-the-minute insights.
Reporting for Banks/Investors: We prepare professional, investor-ready financial reports to support your financing and growth goals.
Flexible Setup: Our services are designed to be flexible and scale with your business as it grows.

About Oncount: Top Accounting Firm for Small Businesses in UAE

Oncount is a leading UAE-based accounting and advisory firm dedicated to helping small businesses succeed. We are fully aligned with FTA mandates and international accounting standards, providing reliable accounting services that you can trust.

8+ Years of Local Experience, 320+ Clients Served

Multilingual Service: Our highly skilled and experienced team serves clients in English, Arabic, and Russian.
Full Regulatory Adherence: We have deep experience with mainland, free zone, and international business practices.
Proven Track Record: Our experience with over 320 clients, many of them small businesses, demonstrates our commitment and expertise.

Clarity Over Routine: Professional Accountants and Consultants in Dubai

We go beyond routine accounting tasks to provide strategic value. Each small business client is assigned a dedicated account manager.

Structured Monthly Workflows: We establish clear deadlines and workflows to ensure your books are always up-to-date.
Comprehensive Support: We can assist with the financial aspects of visa processing, document filings, and other corporate needs.
Digital-First Approach: We use secure, digital communication channels and provide you with cloud access to your financial data.

Why Choose Us for Small Business Accounting Services in Dubai

Among the many accounting firms in Dubai, Oncount stands out for its dedicated focus on small businesses. Our commitment to quality, accuracy, and client success makes us the ideal partner.

Quality Control Process

Dual Document Reviews: A maker-checker process ensures every financial report and tax return is reviewed for accuracy.
Periodic Compliance Audits: We conduct regular internal checks to ensure your business remains compliant with all regulations.
SOP Alignment with Standards: Our procedures are aligned with the latest tax laws and accounting principles.

Legal and Technical Accuracy

Certified Tool Usage: We are certified experts in leading accounting software like Zoho Books, Xero, and QuickBooks.
Integrated Workflows: We offer integrated accounting and bookkeeping services, payroll services, and tax services for a seamless experience.
Custom Setup: We customize our technical setup to match your specific business operations.

Multilingual, Real-Time Support

4-Language Communication: Our team is fluent in English, Arabic, Hindi, and Russian.
SLA-Based Responses: We guarantee timely support based on a clear Service Level Agreement (SLA).
Cloud Access: Enjoy 24/7 secure access to your financial dashboards.

Outsourcing Accounting Services: The Smart Choice for Dubai Businesses

Outsourcing accounting is one of the best business decisions a small business owner can make. The benefits of outsourcing accounting to Oncount are clear.

Focus on Your Core Business Activities: Let us take care of your accounting so you can focus on what you do best—running your business.
Lower Costs: Access a full team of experienced accounting professionals for less than the cost of a single in-house accountant.
Expert Guidance: Benefit from our strategic advisory services to help your business navigate challenges and seize opportunities.
Reduced Risk: Minimize the risk of errors, compliance issues, and penalties from tax authorities.
Real-Time Data: Gain access to accurate, up-to-date financial data to help you make informed decisions quickly.

Complete Peace of Mind: Have confidence that your financial management is in expert hands, ensuring compliance with all tax regulations.

FAQ

About Accounting Services for Small Businesses in Dubai

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At what point does my small business need an accountant?

You should consider professional accounting services from day one. Maintaining proper accounting records is a legal requirement in the UAE. An accountant ensures you are compliant from the start, sets up your financial systems correctly, and helps you make better business decisions as you grow.

What is the difference between bookkeeping and accounting?

Bookkeeping is the process of recording daily financial transactions. Accounting is a higher-level process that involves analyzing, summarizing, and interpreting that financial data to provide insights. Our accounting services for small businesses include both bookkeeping and accounting to give you a complete financial picture.

Does my small business need to register for VAT and Corporate Tax?

You must register for VAT if your taxable supplies exceed AED 375,000 in a 12-month period. For UAE Corporate Tax, all businesses are required to register, though tax is generally payable only if your annual net profit exceeds AED 375,000. We can assess your specific situation and manage the registration process.

How much do accounting services for small businesses in Dubai cost?

The cost varies depending on the volume of transactions and the complexity of your business needs. Outsourcing is significantly more cost-effective than hiring a full-time employee. We offer customized packages to fit the budget of a startup or small business. Contact us today for a personalized quote.

Which accounting software is best for a small business in the UAE?

Popular and FTA-compliant accounting software options like Zoho Books, Xero, and QuickBooks are excellent choices for small businesses. We are certified experts in all three and can help you choose and implement the best one for your business.

Can I outsource just my bookkeeping or payroll?

Yes. Our services are flexible. We can provide comprehensive accounting and bookkeeping services or handle specific tasks like bookkeeping services for small businesses, VAT filing, or payroll services, depending on your needs.

My books are a mess. Can you help me clean them up?

Absolutely. Many small business owners come to us for help with historical bookkeeping cleanup. Our team can organize your past transactions, reconcile your accounts, and get your financial records accurate and up-to-date, ensuring you are ready for an audit or tax filing.

Let’s elevate your business

Call us

+971 589 217 784

Join the Team

info@oncount.com

Visit us

The One Tower — 15th floor, office 14
Sheikh Zayed Road — Dubai, United Arab Emirates

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