There is no short answer to this unfortunately. There are benefits such as the ability to apply for a VAT refund on expenditure and creating a perception of credbility, but there are also downsides that could affect cashflow and increase admin. For a more in-depth response, please click on the blog tab to see an article which deals with this thorny issue in more depth.

This is a common problem, and we are used to firefighting in circumstances such as this. With your VAT return to the FTA looming, the best time to sort your accounts out was always a few weeks ago, but the 2nd best time is always today. Get in touch, and we can give you a free telephone consultation on your particular circumstances, and we can step in to save the day.

Yes, we can design our packages to be as hands on, or as hands off as you like. We understand that TAX returns can be daunting, so if it's just help with this that you need, we can tailor a service that suits your requirements. We're the experts, and it's often the case that with our advice, clients can even save money by reclaiming and offsetting items that they weren't aware of. We will steer you through the whole process.

Yes, this is right up our street! Get in touch, and we can talk through the status of your current accounts, and we'll put together a plan to get you back on track...

We're accountants, we like proper records! Currently the FTA regulations on UAE VAT state that you CAN register for VAT if your business earns in excess of AED 185,000 per annum and MUST register if you business earns in excess of AED 370,000 per annum. However, if you don't keep records how will you ever know when you reach or are approaching these thresholds? For us, it makes sense and allows you to make good business decisions when you know exactly how your operation is performing. Also, it is a common misconception that in the UAE that you do not have to keep records. To an extent this is true, but if the FTA ever wanted to investigate your business and determine your business income, you can be fined up to AED 10,000 for failure to provide proper records. Modern accounting software is relatively cheap, and easy to use. Get in touch, and we can help you decide which one is best for you, and get those records in order...

Nowadays, you do not need to be a trained accountant to be able to manage your own accounts. There are many different systems out there with various pros and cons (look out for a blog coming soon on this subject...) but they all pretty much cover the basics. We prefer to use Xero, but currently work with other packages such as quickbooks, zoho, sage, and others. Costs can vary from $20 per month upwards depending on the complexity of the system you need, and the amount of users you have. These packages, can automate quotes, issue invoices, and many other things, so they provide a useful function over and above the traditional accounting role. If it all looks a bit bewildering to start with, give us a call, and we can advise on the best one for you, and help you with the inititial set up and training to get you up and running.

Yes, we work with online accounting software packages such as Xero and Quickbooks that give you the flexibility to link to other ECommerce software such as A2X, VEND, Shopify etc. We can set up seamless communication between your accounting software and your preffered ECommerce platform so that you can get an accurate view of your stock levels, and gross profitability at the touch of a button. Get in touch, to find out more.

Before setting up Camden Hill Accounting services, Jo spent nearly 20 years in the corporate sector 10 of which have been based in Dubai. She can help with the review of your management accounts and help you to steer the company finances in the direction you want them to go. Sometimes our clients are great at what they do, but not as strong on the business and finance side of things, and we can step in to support you to take your business to the next level. We can help you prepare your budget, cashflow, manage your team and even help you prepare for the year end audit. This arrangement can be as infrequently as a few days per quarter or a more regular weekly or monthly arrangement, get in touch, and we'll figure out whats best for you.