Why partner with AARRC
We believe to work as “YOUR OWN TEAM” and provide our clients -
With Cost Effective Service
With necessary support & partnering with them in their success
Assurance of confidentiality of data
With services of the highest professional and ethical standards for the benefit of our clients
With Best-fit solution as per understanding of the business
Below are some highlighted benefits which partnering/outsourcing could provide
Access to accounting expertise
Start-ups / SMEs have a fluctuating need for a bookkeeper, Accountant, controller, and CFO levels. Business can’t hire all of these. Partnering with us allows you to receive services as needed, weather it is a limited need of CFO and controller services or regular accounting and bookkeeping services
Another significant benefit of outsourcing accounting and finance is cost savings. Staff costs are one of the highest expenses in business. So, if we look at the benefits of outsourcing apart from efficiencies, expertise, quality Cost Savings is major
GAP / Shortage of staff
For a smaller organization, each team member is vital for the process & success of the company. When a team member leave or is sick or on vacation it causes gap in system. Outsourcing your accounting and finance will fill that gap & ensure smooth running of processes & help business to focus on other operations of Business
Ability to Scale Up or Down
Outsourcing your accounting and finance is the ability to scale up or down quickly. Look, business growth can come in lumps, and if you’re growing a newer company, it can get ahead of you. Outsourcing accounting and finance gives you the ability to scale up to handle a more significant workload when the business hits its peak
The flip side of that is that if it becomes more challenging to run the business, you can scale back and not worry about having as many employees or capacity. This allows companies to scale up and down quickly
Businesses have lot of competitors in your business. You are not competing against range of businesses. So you’d have to be to be properly informed. This is where business intelligence comes in picture. Business information help you make big decisions. Business intelligence makes a difference
At AARRC we intend to work as business partner & use our experience & expertise to provide High Quality , Efficient & Cost-effective Accounting & Business Services.
To be regionally recognized as the most trusted accounting firm of choice for working as Business Partner - “YOUR OWN TEAM” & providing comprehensive & practical financial and professional services to startups, small & large businesses.
AARRC is Dubai based Accounting & Consultancy firm. Our Strength lies in cost effective Bookkeeping and Accounting services. We are a team of Indian Chartered Accountant & Associates who are expert in their fields.
Accounting is essential activity for running the business. Businesses want to keep the cost of bookkeeping at minimum and at the same time also want to be sure that a specialist is handling Accounting and Bookkeeping. We understand this need and hence deploy a team of competent Accountants to cater to your needs.
AARRC is as team of Specialized professional (Accounting, Debt Management, Business Advisory, Taxation) and well-structured. We at AARRC help clients develop, implement, and monitor.
AARRC is a team of dedicated result-oriented & detail-oriented professionals which helps us to understand the Business & provide results that enable to add value to the Business.
Frequently Asked Questions
Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses. It is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions.
This will become effective for financial years starting on or after 1 June 2023. Effective from First Financial Year after 1June 2023.
For example - A business that has a financial year starting on 1 January 2023 and ending on 31 December 2023 will become subject to UAE CT from 1 January 2024 (which is the beginning of the first financial year that starts on or after 1 June 2023).
Transfer pricing rules seek to ensure that transactions between Related Parties are carried out on arm’s length terms, as if the transaction was carried out between independent parties. To prevent the manipulation of taxable income, various articles in the Corporate Tax Law require that the consideration of transactions with Related Parties and Connected Persons needs to be determined by reference to their “Market Value”.
|Tax Payer||Applicable CT rate|
|Individuals and juridical persons||0% for taxable income up to and including AED 375,000 (this amount is to be confirmed in a Cabinet Decision)|
9% for taxable income exceeding AED 375,000
|Qualifying Free Zone Persons||0% on qualifying income|
9% on taxable income that does not meet the qualifying income definition
As per Article 61 of fedral Decree Law No. 47 of 2022 , "A Taxable Person’s opening balance sheet for Corporate Tax purposes shall be the closing balance sheet prepared for financial reporting purposes under accounting standards applied in the State on the last day of the Financial Year that ends immediately before their first Tax Period commences, subject to any conditions or adjustments that may be prescribed by the Minister.".
Further Transfer Pricing principles as per Article 34 has to be applied for opening balance sheet.
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