Illustrative example: a Dubai consultancy skips bookkeeping for a year
Say a 6-person Dubai consultancy decides to “sort out the books later” and runs a year on bank statements and memory. When corporate-tax filing comes due, two things surface at once: the business was never registered for corporate tax, and it crossed the VAT registration threshold eight months ago without registering.
Late corporate-tax registration: AED 10,000 FTA penalty.
Late VAT registration: AED 10,000 FTA penalty.
Reconstructing 12 months of records under filing deadline pressure: weeks of catch-up work, usually billed at a premium to monthly rates.
Against that, monthly packages at BizNex start at AED 2,000/month — AED 24,000 a year for books kept monthly, reconciled monthly, with VAT and corporate-tax workings built as you go. The penalties alone in this example (AED 20,000) nearly equal a full year of proper books — before counting the catch-up bill or the stress. Prevention is the cheapest line item in accounting.
We prepare workings, schedules and compliance-ready records. For regulated representation before the FTA we work with registered UAE tax partners.