Financial Statements Preparation in the UAE
IFRS · Year-End Accounts · Ready for Audit and Corporate Tax
Your Corporate Tax return starts from the net profit in your financial statements, so they need to be complete and prepared under the right accounting standard. We prepare your year-end financial statements under IFRS or IFRS for SMEs, ready for your auditor, your licensing authority, your bank and the FTA.
What's Included
How We Prepare Your Statements
Use the right standard
For Corporate Tax, financial statements must follow IFRS. Businesses with revenue of AED 50 million or less may use IFRS for SMEs instead, and those with revenue of AED 3 million or less may prepare them on a cash basis. We confirm which applies to you.
Close the year properly
We post the year-end adjustments that monthly books often miss: accruals and prepayments, depreciation, stock counts, provisions, and balances with related parties and shareholders, so the profit figure is right.
Know whether you need an audit
For Corporate Tax, audited statements are required if your revenue is above AED 50 million, if you are a Qualifying Free Zone Person, or, for financial years starting on or after 1 January 2025, if you file as a tax group. Your licensing authority or bank may require an audit even when the tax law does not.
Make them work for your tax return
Your accounting profit is the starting point of your Corporate Tax return. We flag items that need adjusting for tax, such as fines, entertainment and related-party transactions, so the return is straightforward.
Which Rules Apply to Your Financial Statements
Based on Ministerial Decisions No. 114 of 2023 (accounting standards) and No. 84 of 2025 (audited financial statements).
Transparent Pricing
* The fee depends on the size of your business and the state of your books, and is confirmed after a free consultation. No hidden charges.
Frequently Asked Questions
Do you audit financial statements?
No. An audit must be carried out by an independent, licensed auditor. We prepare your financial statements and work with your auditor, answering their questions and providing the schedules they need, so the audit goes smoothly.
Do I need financial statements if I elect Small Business Relief?
Yes. You still file a Corporate Tax return and must keep proper records. Businesses with revenue of AED 3 million or less may prepare their statements on a cash basis, which is simpler.
Can you prepare statements for previous years?
Yes. If earlier years were never finalised, we can rebuild and prepare them from your bank statements, invoices and other records, which is often needed before filing a first Corporate Tax return.
What do you need from me?
Your trial balance or bookkeeping records, bank statements for the year, details of fixed assets, loans and stock, and any contracts with related parties. If we already keep your books, we have most of this.
What is IFRS for SMEs?
A simplified version of IFRS with fewer disclosures and simpler rules. For Corporate Tax purposes it can be used by businesses with revenue of AED 50 million or less.
Get Year-End Accounts You Can Rely On
Book a free consultation and we'll confirm which standard applies, whether you need an audit and what we need from you.