We are a team of skilled Chartered Accountants offering expert accounting and advisory solutions across industries, using the latest technology. We serve businesses globally, providing reliable financial reporting and a range of solutions tailored to your long-term objectives.

Our accounting and bookkeeping services ensure accurate, detailed records of financial transactions, supporting your business’s security and success. As one of the leading firms in the UAE, we deliver dependable bookkeeping services that maintain accurate records of daily transactions.

Specialized services that we offer:

• Accounting on a monthly basis (up to 20 receipts plus bank statement)
• Maintenance of monthly accounts on a cloud-based accounting software.
• Preparation of a chart of accounts according to the company structure and requirements of the management.
• Analysis and interpretation of ledgers.
• Accounts Receivables and Accounts payable reporting.
• Sales, purchase activity, and VAT recording.
• Input Tax Credit reports in compliance with the law.
• Maintenance of a schedule and recurrence for transportation of books.
• Comprehensive maintenance of all books of accounts.
• Payroll management.
• Generation and review of the Balance sheet, Evaluation of financial statements and providing Financial Health Report.
• Audit Support services.

Key Benefits

• Reducing operational costs
• Improving profit margins
• Maximizing cash flow and Minimizing business risk
• Gaining the trust of investors, customers, and other stakeholders
• Accurate allocation and organization of daily business transactions.
• Streamlined coordination of company activities, improving multitasking efficiency.
• Enhanced control over accounts with the expertise of a professional bookkeeper.
• Comprehensive services, including ledger preparation, posting sales and expenses, bank reconciliations, and recording petty cash transactions.
• Clear summaries of banking and business activities, with effective bank account reconciliation.
• Business transactions will be allocated and arranged correctly on a day-to-day basis.
• In addition to multitasking, we can help bring together companies’ activities.

And many more…

The UAE demography requires ensuring significant substance establishment, managing business from free zone entities, executing works at UAE, creating value in GCC marketplace.

Business Support provided:

• Liaising with Suppliers / Service Providers for Purchase Orders, Payments, shipment details
• Preparing Invoices to Customers / Clients
• Liaising with external Consultants, Bankers for new accounts opening, PRO services, license renewals
• Maintaining records for Bank, Purchase, Sale, Expenses, Outstanding
• Liaising with Bankers for Preferential Rate & Deal Code
• Processing Payroll
• Making Payments to Suppliers, consultants, Salary, other business expenses
• Following-up with Suppliers for credit of funds
• Following-up with Bankers if funds not credited to supplier’s accounts
• Sending monthly details & data to accounts team
• Co-ordinating for Agreement sign-offs by Managers/Owners, etc.
• Maintaining accounts in the Accounting Software of the client
• Preparing accounts in Excel Format as required by the client
• Assisting the Auditors with the completion of Audit
• Ensuring Statutory Compliances

VAT - UAE

In compliance with UAE regulations, all businesses are required to adhere to VAT laws and FTA guidelines. At Chokshi, we provide expert VAT services to ensure your business remains fully compliant and avoids potential penalties. We also monitor VAT-related laws, amendments, and updates in the UAE.

Our services include:

• VAT Registration: Timely registration with the FTA to ensure compliance. VAT registration services are offered in two categories:
• Mandatory VAT Registration – Annual turnover of AED 375,000 or more
• Voluntary VAT Registration – Annual turnover of AED 187,500 but less than AED 375,000
• VAT Invoicing: Creation of accurate VAT invoices that meet legal requirements.
• Record Keeping: Maintaining proper records and accounts as per VAT regulations.
• VAT Return Filing: Assistance with filing your VAT returns accurately and on a timely basis.
• VAT Advisory: Expert guidance on all VAT-related issues, ensuring your business avoids fines and penalties.

At Chokshi, we are committed to providing comprehensive corporate tax consultation services for businesses operating in the UAE. With the introduction of corporate tax w.e.f. 01 June 2023, effective tax planning and compliance have become increasingly complex. Our team of experienced professionals offers in-depth knowledge of UAE tax regulations, helping you optimize your tax position while ensuring full compliance.

Companies in UAE undertake business with various entities across the globe. Due to different tax regimes, the Companies face the issue of Double Taxation. To ease the stress on the businesses, the government of various countries have entered into a Double Taxation Avoidance Agreement (“DTAA”). In order to avail the benefits under the DTAA, the Federal Tax Authority in UAE issues a Tax Residency Certificate (“TRC”).

TRC can be obtained by both Companies and Individuals based on their purpose of use, which could either be Treaty Purpose or Domestic Purpose. The TRC is valid for a period of one year.

With our past experience, we can assist you in obtaining the TRC in a timely and efficient manner whether you are an Individual or a Business Entity operating in the mainland or in a Freezone.

In order to comply with UAE laws, Chokshi Auditing promises the best-outsourced audit service you need to be compliant. According to UAE law, all businesses must comply with International Financial Reporting Standards (IFRS).

To ensure compliance with UAE regulations, Chokshi Auditing offers top-tier outsourced audit services tailored to meet your needs. Under UAE law, all businesses are required to adhere to International Financial Reporting Standards (IFRS).

Key services include:

• Services that add value to bookkeeping
• Accurate reporting
• Reporting in a professional manner
• Maintain a strict deadline for completing your work
• A Chartered Accountant oversees the final review and finalization of the report
• Access to experts on call always
• An error-free accounting process and financial statements

At Chokshi, we offer comprehensive treasury management services that ensure your business maintains optimal liquidity and mitigates financial risks. Our experts employ strategic practices to support your day-to-day activities and manage your cash flow effectively.

Key Services Include:

• Bank Account Opening: Our experts will help with end-to-end account opening procedures so that the same remains hassle-free.
• Cash Management: Streamlining cash flow to ensure sufficient liquidity for daily operations along with reconciliation.
• Investment Management: Advising on short-term float needs and demands, ensuring excess funds are appropriately invested.
• Financial Reporting: Providing accurate and timely reports to aid in strategic decision-making.

Benefits:

• Back-end management
• Reconciliation of bank accounts
• Improved cash utilization
• Reduced financial risks
• Increased operational efficiency

Securing the right investors is crucial for the growth and sustainability of your business. At Chokshi, we leverage our extensive network and industry expertise to connect you with suitable investors who share your vision and commitment to growth.

Key Services Include:

• Investor Matching: Identifying potential investors whose investment criteria match your business model and growth stage.
• Pitch Preparation: Assisting in the creation of compelling pitch decks and presentations to effectively communicate your value proposition.
• Negotiation Support: Providing strategic advice during negotiations to secure favourable investment terms.
• Due Diligence Facilitation: Coordinating the due diligence process to ensure transparency and speed up investment decisions.

Benefits:

• Access to a broad network of potential investors
• Enhanced preparation for investment pitches
• Strategic negotiation support
• Efficient due diligence processes

Chokshi’s strategy and growth support services are designed to propel your business forward. We provide tailored advice that aligns with your long-term goals, helping you to innovate, expand, and compete more effectively in the market.

Key Services Include:

• Market Analysis: Comprehensive research to identify market trends, customer needs, and competitive landscapes.
• Business Model Innovation: Revising or developing new business models to capitalize on emerging opportunities and technologies.
• Strategic Planning: Creating and implementing robust strategic plans that drive sustainable growth.
• Performance Optimization: Enhancing operational processes to improve efficiency and profitability.

Benefits:

• Informed decision-making with thorough market insights
• Increased competitive edge through innovative business models
• Clear, actionable strategies for growth
• Optimized performance and increased profitability