Creative Zone Tax & Accounting is an integral part of a much larger network of specialised business services, focused on providing professional end-to-end advice and support to business owners in the UAE.
Our parent company – Creative Zone established in 2010, is now recognised as Dubai’s largest and most trusted company formation specialist firm, boasting more than 44,000 successful company registrations to date. The vision of Creative Zone, is to go beyond the company formation process and provide dedicated support and practical advice for the lifetime of our client’s business. To this end, Creative Zone Tax & Accounting was launched.
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OUR SERVICES
Our broad range of services helps your business to maintain sustainable growth and prepare for long-term financial stability. We help you streamline your accounting process and enable one to send invoices, reconcile bank transactions, manage expenses, track inventory and generate insightful reports effortlessly.
Outsourcing a huge portion of your backend work helps you save money, as it will allow you to concentrate on more business and scale it up. We offer tailor made solutions that fit your business requirement.
VAT Registration
VAT Registration Amendment
VAT Consultancy
FTA Reconsideration Form
VAT Return Filing
VAT Return Verification & Filing
Financial & Management Consulting
Bookkeeping
Payroll
Auditing
Zoho Setup & Training
Accounting Review
Documentation Requirements from Clients
Bank Statements
Sales Invoices
Expense Receipts
Other Schedules
Any and all relevant documents
Summary of Monthly Client Reporting
Those clients who avail our Accounting and Bookkeeping services will receive a clear quotation outlining the reports that our team will prepare and submit on a monthly basis. These reports will include:
Profit & Loss Account (Monthly)
Balance Sheet
Cash Flow Statement
Trial Balance
Receivables Aging Statement
Accounts Payable Aging Statement
Proposed Scope of Work for Accounting and VAT Submission Servics
Prepare monthly financial statements using a cloud-based system
VAT return filing on behalf of the company
Set up Chart of Accounts (COA)
Record all transactions on a monthly basis
Maintain cash, bank and execute account reconciliations
Reporting will be delivered in our standard format
The Company will carry out the necessary reporting obligations, imposed by the UAE regulatory authorities, excluding VAT quarterly submission
The Company will provide all the necessary related documents
Accounting and VAT Submission Services Slab rate based on the number of transactions:
NUMBER OF TRANSACTIONS
PACKAGE 1 (AED)
PACKAGE 2 (AED)
PACKAGE 3 (AED)
UP TO 15
750
1,000
2,375
UP TO 25
1,083
1,333
2,917
UP TO 50
1,667
2,083
4,583
UP TO 100
2,667
3,500
7,917
ABOVE 100
SUBJECT TO DISCUSSION
UP TO 15
9,000
12,000
28,500
UP TO 25
13,000
16,000
35,000
UP TO 50
20,000
25,000
55,000
UP TO 100
32,000
42,000
95,000
ABOVE 100
SUBJECT TO DISCUSSION
*Package 1 includes: Monthly Bookkeeping, VAT Returns filing
**Package 2 includes: Monthly Bookkeeping, VAT Returns filing, 6hr VAT Consultancy per year, VAT registration, VAT registration amendments
***Package 3 includes: Monthly Bookkeeping, VAT Returns filing, 6hr VAT Consultancy per year, VAT refunds, VAT registration, VAT registration amendments, Tax Agency Representation (only if CZTA is engaged directly with the client), FTA Tax Audit Representation (only if CZTA is engaged directly with the client)
DESCRIPTION
FEES (AED)
NOTES
VAT REGISTRATION
AED 1,575
VAT REGISTRATION AMENDMENT
STARTING FROM AED 315
FTA RECONSIDERATION FORM
STARTING FROM AED 1,050
VAT RETURNS VERIFICATION & FILING
STARTING FROM AED 1,050
PER RETURN (WAIVED OFF WITH ANNUAL BOOKEEPING CONTRACT)
VAT CONSULTANCY
AED 1,050
PER HOUR
FINANCIAL & MANAGEMENT
AED 1,575
PER HOUR (MINIMUM 2 HOUR CONSULTING BOOKING)
EXTERNAL AUDITING
ESTABLISHED ON SCOPE OF WORK
INITIAL BK SETUP FEE
AED 1,500
WAIVED OFF WITH ANNUAL BOOKKEEPING CONTRACT
*TERMS AND CONDITIONS APPLY
PAYROLL
STARTING FROM AED 1,575
PER 50 EMPLOYEES
FULLY OUTSOURCED FINANCE
STARTING FROM AED 5,250
PER DEDICATED RESOURCE WITH MAXIMUM 3 HOURS PER WEEK
SOFTWARE SUBSCRIPTION
AS PER SOFTWARE SELECTION
PAYABLE DIRECTLY TO SOFTWARE PROVIDER
ECONOMIC SUBSTANCE
STARTING FROM AED 1,575
ZOHO SETUP & TRAINING
STARTING FROM AED 1,575
ONE TIME FEE
Assessing & Admin Support for Filing Appeal
10% of the penalty amount
Not refundable, applicable to ESR,UBO,AML,VAT
Successful Appeal
20% of the penalty amount
Applicable to ESR,UBO,AML,VAT
VAT return submission fee is applicable for filing one return per company and not per group.
Each additional hour or external audit support will be charged at an hourly rate of AED 100.
Our highly qualified and friendly team have extensive experience in Tax & Accounting and are well versed in a wide range of financial reporting services including Accounting, Bookkeeping, Auditing, VAT registration and Tax Returns filing. We also provide customised outsourced solutions on request and welcome you to explore our co-working solutions in Downtown Dubai.
