Frequently Asked Questions

CBD Accounting & Advisory offers auditing services that include the independent examination of financial statements, internal audits, and compliance audits. Our services ensure that your financial records are accurate and comply with UAE laws and international standards.

In Dubai’s dynamic business environment, accounting and auditing services ensure compliance with complex regulatory requirements, enhance financial transparency, and support strategic business decisions. CBD Accounting & Advisory helps businesses navigate these challenges effectively.

A reputable provider like CBD Accounting & Advisory employs professionals with certifications such as CPA, ACCA, or CMA, and extensive knowledge of UAE-specific accounting and tax regulations.

Select a firm like CBD Accounting & Advisory that has a strong track record, expertise specific to your industry, and a comprehensive suite of services that can grow with your business needs.

CBD Accounting & Advisory offers various services including VAT services, financial consulting, corporate tax planning, and customized CFO services, tailored to the specific needs of businesses operating in Dubai.

Absolutely, CBD Accounting & Advisory specializes in tax planning, helping businesses optimize their tax strategies and comply with local tax laws to minimize liabilities and maximize profitability.

Bookkeeping at CBD Accounting & Advisory involves the day-to-day recording of financial transactions, which is the foundational work for the broader scope of accounting that includes analyzing, interpreting, and summarizing financial data to produce actionable insights.

CBD Accounting & Advisory recommends updating financial records at least monthly to ensure timely insights into your financial health and to aid in strategic decision-making.

At CBD Accounting & Advisory, we utilize advanced accounting software like QuickBooks, Xero, and Sage, which are compliant with UAE regulations and cater to the diverse needs of our clients.

Internal auditing at CBD Accounting & Advisory focuses on improving internal financial controls and business processes, while external auditing provides an independent assessment of financial statements to external stakeholders.

Audits ensure regulatory compliance, enhance the credibility of financial statements with investors, and identify areas for improvement in financial practices and controls.

CBD Accounting & Advisory suggests annual audits to comply with UAE laws and to maintain reliable financial oversight.

Typical documents include financial statements, transaction records, receipts, and legal correspondence. CBD Accounting & Advisory will provide a detailed list tailored to your specific audit needs.

A statutory audit, offered by CBD Accounting & Advisory, is a legally required review of the accuracy of a company’s financial records to ensure transparency and compliance with UAE laws.

The UAE follows International Financial Reporting Standards (IFRS) and has specific regulations for VAT, corporate tax, and other financial obligations.

IFRS provides global standards for financial reporting, ensuring consistency and transparency, which are critical for businesses operating in Dubai’s international environment.

Businesses with a taxable supply exceeding AED 375,000 per annum must register for VAT. CBD Accounting & Advisory can assist with the registration process and manage VAT compliance.

Penalties can include fines or legal actions. CBD Accounting & Advisory ensures your business adheres to all regulatory requirements to avoid such penalties.

Engaging with a firm like CBD Accounting & Advisory ensures compliance through regular audits, updated records, and adherence to the latest financial regulations.

Costs vary based on the service complexity and business size. CBD Accounting & Advisory offers transparent pricing and customized service packages to fit your budget.

CBD Accounting & Advisory prides itself on transparency. Any potential additional costs are discussed upfront, ensuring no surprises.

CBD Accounting & Advisory offers flexible billing options including hourly rates, fixed fees, and retainer models, depending on your business needs and preferences.

For many businesses, outsourcing to CBD Accounting & Advisory can be more cost-effective due to the reduced overhead and access to a team of experts.

CBD Accounting & Advisory is open to discussing and negotiating fees to find a mutually agreeable solution that provides value to both parties.

CBD Accounting & Advisory advises on optimal business structures, compliance with local financial regulations, and setup of efficient accounting systems.

Free Zone companies may enjoy certain tax exemptions and simpler compliance procedures. CBD Accounting & Advisory specializes in both Free Zone and mainland company accounting, ensuring tailored solutions based on your business location and type.

Choosing the right structure depends on your specific business activities and goals. CBD Accounting & Advisory provides expert advice on selecting the structure that maximizes tax efficiencies.

UAE law requires businesses to keep accounting records for at least five years. CBD Accounting & Advisory can help manage these records to ensure compliance and readiness for any audits.

Managing multiple entities can be complex due to the need for consolidation and inter-company transactions. CBD Accounting & Advisory offers expertise in managing such complexities efficiently.

Yes, CBD Accounting & Advisory provides comprehensive payroll services, including WPS compliance, salary processing, and end-of-service calculations.

Expect detailed financial statements, performance reports, and bespoke analytical reports from CBD Accounting & Advisory, all designed to help you make informed strategic decisions.

Absolutely, CBD Accounting & Advisory excels in financial forecasting, providing predictions on revenue, expenses, and overall financial health to guide future business planning.

CBD Accounting & Advisory employs various valuation techniques to accurately assess the value of your business for sales, mergers, or investment purposes.

Forensic accounting at CBD Accounting & Advisory is required when there are concerns about financial discrepancies or fraud. We provide detailed investigations to uncover any issues and ensure financial integrity.

CBD Accounting & Advisory adheres to strict confidentiality protocols, ensuring that all client information is securely stored and only accessible to authorized personnel.

Expect a comprehensive discussion about your business needs, financial objectives, and how CBD Accounting & Advisory can support your goals during your first meeting.

CBD Accounting & Advisory recommends regular meetings, typically on a quarterly basis, to review financial performance and plan for future needs.

We encourage open communication and will work to address any concerns, providing additional information and alternatives to align with your business strategies.

CBD Accounting & Advisory will guide you through preparing all necessary documents, reviewing past audits, and ensuring your financial practices are audit-ready.