The situations we are usually called about.
Each of these is an illustrative example, not a client case study. They are composites of situations we are commonly asked to resolve, written so you can see whether yours looks similar. Real client work is confidential.
Holds a free zone licence and had assumed that meant no Corporate Tax. Part of its revenue comes from mainland clients. The work was…
Freight, duty and clearing costs were sitting in overheads, so reported gross margin was wrong and pricing decisions were being made on it. The…
Revenue was booked from net platform deposits, understating both sales and costs. The work was rebuilding gross revenue from settlement reports, splitting out every…
Card settlements, aggregator payouts and till reports had never been reconciled to each other. The work was a daily reconciliation routine, stock counts to…
Crossed the VAT threshold some time before noticing, and the AED 1 million Corporate Tax threshold in the same year. The work was quantifying…
Holding both residential and commercial units, with input VAT recovered in full across the board. The work was classifying each supply, designing an apportionment…
Reporting only its fee while handling large client media budgets in its own name, which materially understated turnover and affected the registration position. The…
Retention was absent from the accounts and uncertified work in progress was being expensed as incurred, producing losses that were not real. The work…
QuickBooks
Xero
Zoho Books
Sage
Odoo