What This Cleanup Covers
Why This Matters Specifically for Corporate Tax
Corporate Tax is a relatively new obligation for most UAE businesses, and many companies’ existing bookkeeping was never built with tax adjustments in mind — related-party transactions that were never flagged, entertainment expenses that need disallowance, or fixed asset schedules that do not tie out to what is actually owned. Left uncorrected, these gaps either understate taxable income, creating exposure to penalties and interest if identified later, or overstate it, meaning the business pays more tax than it should. Because the FTA can request supporting documentation for any Corporate Tax filing, records that are internally inconsistent — where the accounting profit does not clearly reconcile to the declared taxable income — invite exactly the kind of query that a proper cleanup prevents.Who Needs This Service
Businesses preparing their first Corporate Tax return, companies whose books were kept without tax treatment in mind, groups with related-party transactions that were never properly documented, and any business wanting assurance that its taxable income calculation will hold up under FTA review.
Our Corporate Tax Cleanup Process
We review your financial statements and underlying ledger for IFRS consistency and completeness, identify and document related-party transactions, verify tax-adjustment items are correctly flagged, and build a clear reconciliation from accounting profit to taxable income that you — and, if needed, the FTA — can follow line by line.
Pricing & Turnaround for Corporate Tax Accounting Cleanup
Pricing reflects the complexity of your entity structure and whether related-party transactions or transfer pricing documentation are involved, since these add meaningfully to the review and documentation effort required.
A straightforward single-entity cleanup ahead of a first Corporate Tax filing typically takes two to three weeks; group structures with related-party transactions take longer, and we provide a clear estimate after an initial review of your financial statements.
Ongoing Corporate Tax-Ready Bookkeeping
Once your records are cleaned up ahead of a filing, we recommend structuring ongoing monthly bookkeeping with Corporate Tax adjustments tracked continuously — flagging non-deductible expenses and related-party transactions as they occur, rather than identifying them retrospectively each year. This turns Corporate Tax preparation from an annual scramble into a natural output of your regular monthly close.
Why Choose Us for Corporate Tax Cleanup
We work across accounting, VAT and Corporate Tax under one roof, so the cleanup considers your full compliance position, not just the tax return in isolation, and we document every adjustment clearly so your filing is defensible if the FTA ever asks for the workings behind it.
What We'll Need From You
We ask for your financial statements and underlying bookkeeping records, details of any related-party transactions or group structure, your fixed asset register, and any correspondence with the FTA regarding your Corporate Tax registration or prior filings.
Why This Reconciliation Matters
The FTA can request the workings behind any Corporate Tax filing, so a clear, documented reconciliation from accounting profit to taxable income — showing every adjustment and why it was made — is what makes a filing defensible under review, rather than a single unexplained number that raises more questions than it answers.
Transfer Pricing Documentation and Related Parties
Transactions between related parties — a parent company and subsidiary, or commonly controlled entities — need to be conducted on an arm’s-length basis for Corporate Tax purposes, and depending on transaction value, may require formal transfer pricing documentation. Many businesses have related-party dealings that were never flagged as such in their bookkeeping, simply because no one was looking for them specifically. We identify these relationships and transactions as part of the cleanup, ensuring they are properly disclosed and, where thresholds are met, appropriately documented ahead of filing.
Get Expert Help for Your Business
Talk to an FTA-approved tax consultant today. Free consultation, no obligation — we’ll tell you exactly what your business needs.
Getting Started
Share your financial statements and bookkeeping records, and we will review for IFRS consistency, identify the tax adjustments needed, and build a clear, documented reconciliation ready to support your Corporate Tax filing.
Frequently Asked Questions
Because taxable income is calculated from accounting profit, any inconsistency, misclassification or missing adjustment in your books flows directly into your tax return.
Examples include certain entertainment expenses, fines and penalties, and expenses not incurred wholly for business purposes — specific treatment depends on your circumstances.
Yes, transactions with related parties generally need to be identified and, depending on thresholds, supported by transfer pricing documentation.
It can — correcting overstated taxable income or identifying legitimate deductions that were missed may reduce the liability, alongside correcting any understatements.
It is typically a one-time cleanup ahead of a filing, after which we recommend ongoing accounting built with Corporate Tax adjustments in mind to prevent the issue recurring.