Taxes are an inevitable part of everyone’s life. Taxes are paid usually on the income source of an entity but many a time what happens is that income taxes are required to be paid by an entity twice on the same source of income. This usually occurs in international trades of investments made in two […]
A business needs to constantly understand its financial standing so that it can perform better. In understanding the business, auditing can play a major role as it analyses the various activities of the business and helps the management in understanding who a particular activity can be made better. Let us understand what an Audit is […]
With the UAE evolving as a global investment destination and entry to the Middle East and Northern African markets, many Multinational companies and banks have started their branch office in the country. In addition, the free-market economy of the UAE has provided numerous opportunities to entrepreneurs, and many small companies cater for the consumers with […]
There are many opportunities available to a business in the United Arab Emirates and the government of the country is taking steps to attract more and more companies from all around the world. The UAE has become a breeding ground for various companies and also acts as a gateway to the markets in the Middle […]
We all know the benefits of audit of a company and the management of a company can choose between two types of audit namely External Audit and Internal Audit. Both the audits can be very helpful for the business and will help the management to understand the workings of the company and assist in devising […]
Different jurisdictions in the world have different rules and regulations which are required to be followed by a business if it wants to continue doing business in that region. This is known as regulatory compliance. If the rules and regulations of the business are not followed then the business can face a number of problems […]
Startups are the way forward for the business ecosystem around the world. Startups are unique in their approach to business. A combination of innovations and neo-work culture appealing to the younger workforce is popular in many countries worldwide, including the UAE. Startups have created excellent shareholder value for the founders and investors alike. Accounting and […]
Bookkeeping and accounting may, in general, look like the same professions to a layperson. The reason is that both the accounting and bookkeeping professions deal with the same financial data, professionals require basic accounting knowledge, and it involves generating reports based on the financial transactions. In actuality, the information a bookkeeper is responsible for gathering […]
The cash flows of the business are of crucial importance. If these cash flows are not managed properly, then the business can face adverse effects. The management of the business should take steps to manage these flows of cash so that there is no hindrance to the growth of the business. Let us understand the […]
The government of the United Arab Emirates has taken many steps to ensure that the businesses in the country, as well as the businesses which are coming into the county from all around the world, do not face any difficulty. The government takes various steps and amends various laws to make sure of it. One […]
