Accounting Services
Bookkeeping Service
We provide accurate bookkeeping and accounting services, from transaction recording to financial reporting. Stay compliant, audit-ready, and focused on growing your business!
For more →Accounting Software
We offer end-to-end accounting software implementation, ensuring seamless setup, integration, and optimization. Streamline your financial processes with a system tailored to your business needs!
For more →IFRS Advisory
Ensure seamless IFRS compliance with our expert advisory services. We help you implement standards, maintain accuracy, and stay audit-ready with confidence!
For more →Financial Statement Analysis
Gain deep financial insights with our expert financial statement analysis. We help you identify trends, assess risks, and make data-driven business decisions with confidence!
For more →Backlog Accounting
Clear your pending financial records with our backlog accounting services. We streamline reconciliations, ensure accuracy, and get your books up to date efficiently!
For more →Payroll Management
Simplify payroll with our end-to-end management services. We ensure accurate salary processing, tax compliance, and seamless payroll operations for your business!
For more →Get in touch
We’d love to hear from you! Whether you have a project in mind, need more information, or just want to chat about how we can help your brand grow, feel free to reach out.
Our team is ready to assist you every step of the way.
Email us: info@prabix.com
Social Links:
Send us a message
UAE Corporate Tax in 2026: Why Businesses Can No Longer Afford to Ignore Compliance
The UAE has entered a new era of taxation. What was once considered one of the world’s most tax-friendly business destinations has evolved into a mature and internationally aligned tax jurisdiction. While the Corporate Tax regime officially came into effect for financial years beginning on or after 1 June 2023, 2026 represents the year when compliance expectations have significantly increased. Today, businesses are no longer asking whether Corporate Tax applies to them—they are asking whether they are fully compliant. For
UAE Corporate Tax: The Realisation Basis Election for Assets and Its Impact on Deferred Taxation
The introduction of the UAE Corporate Tax regime has brought several important tax elections that can significantly affect a company’s tax liability and financial reporting. One of the most strategic elections available is the Realisation Basis Election, which determines whether unrealised gains and losses on certain assets and liabilities should be included in taxable income. For businesses reporting under IFRS, understanding the interaction between this election and Deferred Tax Accounting (IAS 12) is essential. While the election can reduce current
IFRS 20: Reporting Regulatory Assets and Liabilities
Executive Summary IFRS 20 Regulatory Assets and Regulatory Liabilities, issued in May 2026, establishes a new accounting framework for companies subject to rate regulation. The Standard addresses a critical gap in financial reporting by requiring companies to provide transparent information regarding “total allowed compensation”—the amount of compensation a company is entitled to for regulatory goods or services supplied in a specific period. Under previous standards, specifically IFRS 15 Revenue from Contracts with Customers, a disconnect often existed between the timing of goods
