Commitbiz introduces accounting and tax services for MSMEs, startups in the UAE

In a strategic move to assist MSMEs and startups in the United Arab Emirates (UAE), Commitbiz LLC has introduced its new accounting and tax services offering, designed to provide comprehensive financial solutions. In response to the evolving regulatory landscape of the UAE, the firm has also expanded its services to include corporate tax compliance.

As the UAE continues to establish itself as a major global business hub, the need to maintain accurate financial records and adhere to changing tax laws has become more pressing. The new suite of services addresses this need, helping businesses navigate complex accounting and tax processes while ensuring compliance with local regulations.

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Commenting on the launch, Manu Thomas V, general manager of Commitbiz, stated: “MSMEs and startups play a vital role in the UAE economy. However, these early-stage businesses often face challenges when it comes to understanding tax laws and maintaining proper accounting. Our new accounting and tax services are designed to provide transparency, compliance, and support for entrepreneurs looking to grow and scale their businesses.”

Under accounting and bookkeeping services in Dubai, UAE, the corporate service provider (CSP) offers comprehensive offerings such as accounting, bookkeeping, backlog accounting, reconciliation, accounts payable and receivable management, Management Information System (MIS) reporting, and filing of corporate tax in UAE. These services are intended to assist business owners in improving performance monitoring, streamlining operations, and gaining superior financial insight.

The services offered by the firm cover all key areas of corporate tax compliance, such as:

●      Setting up accounting systems that retain records for at least 7 years after the tax period.

●      Providing audit support by preparing audited financial statements.

●      Timely preparation and filing of corporate tax returns.

●      Advisory services for multinational businesses to ensure adherence to the arm’s length principle and related documentation thresholds.

Commitbiz combines local expertise with global experience, supported by a team of certified auditors and chartered accountants. By using advanced accounting software and tools, the firm ensures that businesses can rely on accurate and efficient services.

With the increasing competitiveness in the UAE’s business environment, Commitbiz’s introduction of these updated accounting and tax services comes at a key moment. The firm aims to help businesses of all sizes maintain financial clarity and compliance, supporting them in their growth and success.