There is a piece of good news for the businesses that are looking to set up a company in the United Arab Emirates. DP World, which is the owner of the Jebel Ali Free Zone, has reduced the cost of the license fee. These cuts relate to the Administration and the registration associated fees in […]
Most lawyers are not accountants, and you shall have a legal accounting department, no matter if it is a small or a big law firm. While many small businesses can handle the books themselves and get away with hiring a part-time bookkeeper, your business should use quality accounting software and move to effective legal accounting […]
An audit report is a report that contains the opinion of the auditor, which is issued by the independent auditors after their examination on the entity’s financial statements and related reports. Those including financial statements, management accounts, management reports, and other reports like a compliant report. The format of an audit report is fixed as […]
What is Audit? The term audit refers to the examination of records, returns, and other such documents of a registered entity to verify that the turnover declared, refunds claimed, taxes paid, and input tax recovered are correct or not. What is FTA Audit File? With the same objective, the Federal Tax Authority (FTA) introduced the […]
Starting and maintaining an IT Company is hard work but neglecting accounting while concentrating on business development, marketing, and other such departments can be fatal. You can also say a robust infrastructure based on marketing, operations, and accounting is a vital part of starting up an IT firm, regardless of its size and demographics. Many […]
In the past few decades, there has been significant growth in the number of businesses being set up in the Middle East. This increase in the number of enterprises has also resulted in the demand for more reputed and qualified Accountants and Auditors. The importance of both Accountants and Auditors in a business cannot be […]
It is common for business entities to commence within a group, meaning, broadly, several firms under common ownership. Tax grouping or VAT grouping means two or more businesses or limited liability partnerships can be possibly considered as a single taxable entity for VAT. Since the enactment by the United Arab Emirates Ministry of Finance of […]
Auditing is essential for a company because it allows us to pursue and achieve different corporate objectives. Business processes need a variety of forms of internal control to ease out supervision and monitoring, detect and prevent irregular transactions, measure ongoing performance, to maintain satisfactory performance and also to promote productivity. Auditors gauge the risk of […]
Outsourcing is a must in the business world nowadays. The biggest companies are also permitting to outsourcing because it allows them to have the profit of expertise at a cheap cost. Accounting services gives an essential example of the benefits of outsourcing. Keeping an accounting team demands a great deal of effort. By outsourcing restaurants […]
Every organization in the world works towards specific specified goals and has a mission and vision for the future. These goals and targets are measured from time to time to understand the present condition of the organization. These measurable factors which help in figuring out the performance of the company and help us to gauge […]
