Precision Project
Our departments 01Accounting & Tax 02Engineering Consultation & Inspection

Accounting · VAT · Corporate Tax · UAE

Your accounts department, without the hiring cost.

We keep the books, VAT and Corporate Tax records for new and small UAE businesses, and put a clear monthly report on your desk. One fixed fee, from AED 750 a month.

No visa or salary costsReports by the 20thVAT & CT ready records
September closeExample client
  1. 05 OctDocuments received by WhatsAppDone
  2. 09 OctSales and purchases recordedDone
  3. 12 OctBank reconciliationDone
  4. 14 OctSupplier statements matchedDone
  5. 18 OctVAT 201 workings preparedDone
  6. 20 OctDashboard and P&L deliveredDone
Unreconciled differenceAED 0.00
What a typical month looks like for a Growth package client.

Why outsource

Most new companies need the output of an accounts team, not the overhead of one.

Every UAE company must keep proper records, file Corporate Tax and register for VAT once it crosses the threshold. Doing that in-house is expensive before you have the volume to justify it.

Hiring a full-time accountant

  • Monthly salary plus visa, medical insurance, gratuity and leave salary
  • Recruitment time and the risk of a wrong hire
  • One person's knowledge, with no cover during leave or resignation
  • Desk, computer and accounting software to pay for

Precision Project on a monthly package

  • One fixed monthly fee, no employment costs
  • Start within two weeks, stop with 30 days' notice
  • A named accountant plus a backup on your file
  • Owner-friendly reports, not just ledgers

What's changing

Two rule changes small businesses can't afford to miss.

New VAT rules took effect on 1 October 2026, and e-invoicing becomes mandatory in 2027. Both mean more work and new penalties for owners doing their own accounts.

In force · 1 October 2026

New VAT rules

  • Cash payments: VAT on purchases above a set value paid in cash can no longer be claimed back. The threshold will be published by the Ministry of Finance.
  • New treatment for bundled supplies, employee accommodation costs and tax credit notes.
  • A new input VAT apportionment method from the first tax year starting after 1 October 2027.
  • Refunds of excess input VAT are limited to five years from the end of the tax period.

We apply every change to your books, so you keep the VAT you're entitled to.

Coming · 2027

Mandatory e-invoicing

  • Business-to-business and business-to-government invoices go through the FTA's e-invoicing system via an Accredited Service Provider.
  • Every e-invoice needs 51 mandatory fields.
  • Sales to consumers are excluded for now.
31 Mar 2027Appoint a provider (revenue under AED 50 million) 1 Jul 2027Go live with e-invoicing AED 5,000Penalty per month for not appointing a provider on time

We get you ready: provider selection, data clean-up, invoice set-up and testing.

Services

The full finance back office, from daily records to year-end tax.

Bookkeeping

Records & ledgers

Every sales and purchase invoice, receipt and expense recorded. Purchase and sales registers, petty cash and daily cash trackers.

Reconciliation

Bank & statements

Bank reconciliation, supplier and customer statement matching, POS and card settlements, receivable and payable aging.

Reporting

Monthly MIS dashboard

One-page KPIs, profit and loss, balance sheet, cash flow, and budget against actual with plain-English commentary.

VAT

UAE VAT

VAT registration, VAT 201 return preparation and filing support, input and output schedules, tax invoice checks.

Corporate Tax

UAE Corporate Tax

CT registration, taxable income computation, Small Business Relief assessment, return preparation and filing support.

Payroll

Payroll & WPS

Monthly salary sheets, WPS files, overtime, gratuity, leave salary and final settlement calculations.

Compliance

Letters & KYC

Bank KYC document packs, letters to banks, free zones and authorities, UBO register, licence renewal reminders.

Audit support

Audit & ICV

Schedules and supporting documents for your external auditor, and preparation for ICV certification.

Advisory

Planning & costing

Cash flow forecasts, product and menu costing, break-even analysis, business plans and bank loan files.

Packages

Fixed monthly fees, sized to your business.

A transaction is one invoice, bill, receipt or bank entry. All prices in AED, plus 5% VAT.

Starter

New companies, not yet VAT-registered. Up to 75 transactions a month.

750AED / month

  • Bookkeeping and ledgers
  • Bank reconciliation
  • Monthly profit and loss
  • Corporate Tax-ready records
  • VAT threshold monitoring
  • Quarterly balance sheet and cash flow
  • Quarterly review call
Choose Starter
Most chosen

Growth

VAT-registered and trading actively. Up to 200 transactions a month.

1,500AED / month

  • Everything in Starter, plus
  • VAT return preparation and filing support
  • Supplier and customer reconciliations
  • Monthly MIS dashboard
  • Payroll and WPS, up to 10 staff
  • Monthly balance sheet and cash flow
  • Monthly review call
Choose Growth

Business

Established, with staff and stock. Up to 450 transactions a month.

2,500AED / month

  • Everything in Growth, plus
  • Payroll and WPS, up to 25 staff
  • Budget against actual
  • Cash flow forecast
  • Annual Corporate Tax return preparation included
Choose Business

Free Corporate Tax registration with any annual plan. If your volume stays above your package for two months running, we agree the move to the next package with you before the fee changes.

One-off services
ServiceFee, AED
Corporate Tax registration500
VAT registration750
VAT health check against the October 2026 rules750
E-invoicing readiness: provider selection, data clean-up, invoice set-up, testingfrom 1,500
Corporate Tax return preparation1,500 – 3,000
Backlog clean-up, per month of backlog400
Bank account opening or KYC document pack750
Gratuity or final settlement calculation150
Audit support schedulesfrom 1,500
Business plan or feasibility studyfrom 2,500
ICV certification supportfrom 3,000

How it works

The same four dates, every month.

You send documents as photos or PDFs. We return finished books and reports on a fixed calendar.

5thof the month

You send documents

Last month's invoices, receipts and bank statement, by email or WhatsApp.

15thof the month

Books closed

Bookkeeping and reconciliations done. Any questions come to you in one list.

20thof the month

Reports delivered

Your dashboard, profit and loss and outstanding balances, with a short review call.

28thin VAT months

VAT return ready

Workings and schedules ready for you to file through EmaraTax before the FTA deadline.

Getting started takes two weeks

  1. Free consultation and package recommendation
  2. Engagement letter signed, first month invoiced
  3. You share your licence, bank statements and existing records
  4. We set up your accounts and clear any backlog

Client story

A busy restaurant in Abu Dhabi.

Invoices sat in folders, supplier balances were unclear, and the quarterly VAT return was always prepared in a rush.

Now the owner sees the month on one page, supplier disputes are settled with a clear statement, and VAT comes straight from records that are already reconciled.

What we put in place

  • 01A monthly dashboard: sales by type, purchases by category, cash in hand and supplier balances on one page.
  • 02Supplier statement reconciliations with invoice-by-invoice payment matching and aging.
  • 03An invoice approval sheet and a daily cash in and out tracker for the outlet team.
  • 04Quarterly VAT returns prepared directly from the monthly dashboards.

Sample reports are available on request.

Why Precision Project

Big-firm reporting at small-business prices.

Fixed fees

No hourly billing. You know the cost before the month starts.

A team on your file

A named accountant with a backup, so work never stops for leave.

Fast answers

Reports by the 20th. Questions answered within one working day.

Reports owners read

A one-page dashboard you can take in over a coffee, with the ledgers behind it.

Trading experience

Our team also runs procurement and trading, so we understand suppliers, credit terms and cash flow.

Confidential

Your records are used only for your work and never shared.

Questions

Before you call.

Does e-invoicing apply to my business?

If you invoice other businesses or government entities, very likely yes. Businesses with revenue under AED 50 million must appoint an Accredited Service Provider by 31 March 2027 and go live on 1 July 2027. Sales to consumers are excluded for now. We can check your position and handle the set-up.

What changed in VAT on 1 October 2026?

The VAT Executive Regulation was amended. The change most owners will feel is that VAT on purchases above a set value paid in cash can no longer be recovered. There are also new rules for bundled supplies, employee accommodation and credit notes. Our VAT health check reviews your business against all of them.

Do you file my VAT and Corporate Tax returns?

We prepare the full return with supporting schedules and sit with you while it is filed through your own EmaraTax account. You approve every return before it goes in. Formal representation before the FTA as a registered tax agent is outside our scope; we can coordinate with one if you need it.

Can you work with photos of invoices on WhatsApp?

Yes. Clear photos and PDFs are fine. Most clients send the month's documents in one batch by the 5th.

My books are behind. Can you catch them up?

Yes. We bring past months up to date at AED 400 per month of backlog, then move you onto a monthly package.

Do I need to buy accounting software?

No. We can run your books on our own templates, or work in Zoho Books or Tally if you already use them.

Do you work with mainland and free zone companies?

Yes, we support businesses across the UAE, whatever their licence type or emirate.

Can I cancel?

Monthly plans continue month to month and end with 30 days' written notice. Annual plans run for 12 months.

Department 02 · Engineering

Engineering Consultation & Inspection

A separate technical department serving oil & gas, energy and industrial clients. We check equipment before it ships, before it is installed and after it is repaired, and we put the paperwork in order.

Quoted per job, per visit or per man-day. Send your scope, specification or purchase order and we will reply with an inspection plan and quotation.

Third-party inspection

Vendor & pre-shipment

Visual, dimensional and documentation checks at the supplier's works before goods are released or shipped.

Witness

Test witnessing

Attendance at factory acceptance, hydrostatic, pressure and performance tests, with a signed witness report.

Equipment

Valves & rotating equipment

Inspection of valves, pumps, motors and gearboxes, including condition checks after refurbishment or repair.

QA/QC

Inspection & test plans

Preparation and review of ITPs, checklists and quality control procedures matched to the purchase specification.

Documentation

Data books & dossiers

Compilation of manufacturer data reports, material certificates, test records and final documentation packages.

Consultation

Technical support

Technical review of datasheets and offers, supplier evaluation, and sourcing of equivalent or alternative equipment.

1 · Enquiry

You send the scope, specification or PO.

2 · Plan

We agree the inspection plan, dates and quotation.

3 · Inspection

Our inspector attends the works or site.

4 · Report

You receive a report with findings and photographs.

Send an inspection enquiry Engineering enquiries: ranjith@precisionprojects.in

Contact

Talk to the right department.

Book a free 30-minute accounting consultation, or send us an engineering or inspection scope for a quotation.

Office

RAKEZ, Al Hamra Industrial Zone, Ras Al Khaimah, UAE

Hours

09:00 – 18:00 UAE time