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Industries · Professional services

Professional services, billable and clean.

Tax, accounting, and audit-readiness for UAE consultancies, law firms, creative agencies, engineering practices, and freelancer collectives. WIP recognition, AML-DNFBP compliance, partnership accounting — all in scope.

Free 30-min review →See pricing

What we do for professional services firms

WIP and revenue recognition

IFRS 15 over-time recognition for time-and-materials engagements, milestone recognition for fixed-fee, deferred revenue tracking for retainers paid in advance.

AML-DNFBP compliance

For law firms, accounting firms, real-estate brokers, dealers in precious metals — full goAML registration support, KYC files, periodic risk assessments.

Partnership accounting

Profit-sharing schedules, drawing accounts, partner capital reconciliation, partner-by-partner Corporate Tax allocations.

Retainer billing reconciliation

Monthly retainer invoicing tracked against scope-of-work consumption, unbilled time reporting, write-off discipline.

Disbursement vs expense

Client-recoverable disbursements (court fees, government fees, third-party reports) tracked separately from billable expenses for clean VAT and CT treatment.

Freelancer and subcontractor payments

Withholding considerations, contractor vs employee classification, payroll integration where needed.

The five risks we monitor for you

1
WIP write-offs at year-endLarge WIP write-offs in the audit year are an opinion-affecting red flag. Monthly WIP reviews and timely write-offs preserve clean Corporate Tax positions.
2
AML-DNFBP non-registrationIf you are an in-scope DNFBP and not registered on goAML, you face daily penalties. We register clients within the first week of engagement.
3
Disbursement VAT errorsTrue disbursements (in your client's name) are outside VAT scope. Recharges (in your own name) attract VAT. Misclassification distorts both VAT and Corporate Tax.
4
Partner draw vs salary confusionPartner drawings should not flow through payroll. Misclassification creates WPS and end-of-service issues that are expensive to unwind.
5
Retainer revenue cliffsRecognising retainer revenue at billing rather than over the service period overstates Corporate Tax and management accounts in the same period.

Free professional-services review

Book a 30-minute call. We'll review your WIP policy, AML standing, partnership accounts, and retainer revenue recognition.

Book your free review →