OUR SERVICES

YOUR TRUSTED PARTNER FOR ALL YOUR ACCOUNTING AND TAX REQUIREMENTS

accounting

Accounting Services

We have the team of qualified professionals who can provide you comprehensive range of accounting services that will help you to comply with all the relevant reporting regulations. We Will provide you full financial statement preparation services for statutory audit asper the Accounting Standards. We can also provide you management reports on monthly and quarterly bases.

  • Monthly Accountancy Services
  • Monthly, Quarterly & Annually Financial Statement Review
  • Management Reporting
  • Account Receivable / Accounts Payable & Inventory Reconciliation
  • Bank Reconciliation
  • Maintenance of Fixed Assets and it’s physical verification

tax

Tax Consultancy

VAT has been implemented in the UAE from January 01, 2018. Registration for VAT is open. A business must register for VAT if the company is meeting the threshold limit. Obaid Accounting have specialized team to provide wide range of VAT services:

  • Registration with FTA and deregistration
  • Filling the tax return,
  • Applying for tax refund or special refund for nationals.

We also have tax qualified tax agents to deal with the FTA regarding the disputes.

corporate

Corporate Finance

Obaid Accounting knows the importance of right advice and ensure for its clients to make right decisions. Obaid Accounting is providing a range of Corporate Financial Services that will help your higher management in decision making. Our sharp mind staff can provide director level advisory and support services.

liquidation

Liquidation Services

If you are looking for the liquidator for your company, Obaid Accounting is authorized in providing the company liquidation services to Free zones and mainland companies. We can assist you in the winding up process.

hr

HR & Payroll Services

If you are worried about the HR & Payroll services. Obaid Accounting can provide a complete payroll management and processing services to our clients. Regardless of the size of the client, number of employees and complexities of the payroll, we can tailor our offers as per the client’s need.
While some clients choose our service in order to reduce their operational cost by outsourcing their non-core activities, some clients prefer to keep payroll related information confidential from the internal employees. More importantly, there are list of administrative and legal requirements that comes along with having an employee in a company, on all of which Sovereign can assist clients either on advisory or execution basis.
Below are the list of services covered under our Payroll management package.

Calculation of the end of settlement in the case of termination during probation or after probation period as per the UAE labour law.

  • Issuance of monthly payslips, Salary Certificates and Bank transfer letters.
  • Leave management for the employees example Holidays, Absences, Paid Leaves
  • Issuance of No Objection Certificates (NOC) for employees
  • Preparation of Offer letters
  • Assistance with application and selection of suitable Health/medical insurance
  • Assistance with the setup of Wages Protection System (WPS)
  • Calculation of Statutory gratuity payments as per the UAE labour law.

auditing

Auditing Services

We have a strong team of duly qualified and properly trained professionals for Audit. Our audit specialists can provide an efficient and independent report to your shareholders about the company’s profitability and state of affairs. We conduct audit in accordance with the International Standards of Auditing (ISA’s) keeping in view the provisions of the International Accounting Standards (IAS), & International Financial Reporting Standards (IFRSs). We are offering following Audit Services:

  • External Audit
  • Internal Audit
  • Risk Management Audit
  • Operational Audit
  • Inventory Audit
  • Investigating Audit