IQFA Auditing of Accounts LLC

🚩Corporate Tax Filing – Sep 2025 deadline | 🚩AED 10,000 penalty | Corporate Tax Payment – same as filing date | Late payment penalties daily | VAT Filing – Quarterly/Monthly | AED 1,000 first penalty | VAT Payment – Same day as filing | 2% immediate penalty | Audit Report Due – Within 6 months of year-end | Non-compliance fines | License Renewal – Before expiry | Trade license blocked | Economic Substance Report – Jun 2025 | AED 50,000 penalty | UBO Declaration – Annually | AED 100,000 penalty |

Education & Training Institutes

Education & Training Institutes

A. Services We Offer

Fee income tracking and aging reports
Payroll for academic and admin staff
Budgeting for events and resources
Regulatory and licensing compliance

B. Sector-Specific Challenges

Handling deferred revenue (advance fees)
VAT treatment of educational services
Managing scholarships and discounts
Balancing academic and financial reporting

C. Our Support

Monthly reporting of student receivables
Staff cost allocation by department
Multi-campus consolidated financials
Audit support for KHDA/MOE requirements

D. Systems & Tools

Fee management software integration
Expense classification templates
Fund utilization tracking