Setting up a company in the United Arab Emirates can be very profitable for people from all over the world. For such companies understanding how Value Added Tax is applicable to the companies is very important. These businesses must import goods into the county to continue all the business activities. Such companies must have a […]
The UAE is considered a hotspot for emerging businesses and provides ample opportunities for companies to achieve the next growth stage. As the companies evolve externally, the internal processes should strengthen to keep up with business growth. The internal process’s strengthening involves the formulation of company operational processes and employing a check mechanism to keep […]
The Government of the United Arab Emirates has taken many steps to ensure that the businesses which have been coming into the country do not face any problems as well as also ensure that these businesses do not defraud the government and pay their dues in taxes. Lately, the government of the UAE issued a […]
The internal functions work as the backbone of the organization. They play a very crucial role in the success of the organization. The internal functions such as bookkeeping, accounting and recording will provide the management with historical data on the direction of the company’s journey towards achieving the goals and targets. Similarly, the audit mechanism […]
Managing workflow between employees of different skills set and skillset is a rather difficult process. When people work in conditions where their natural abilities align, they tend to work more efficiently. If they don’t align, they tend to have stress and anxiety. If the person’s skills are far beyond the work they have undertaken, they […]
In the present scenario of the world, there is easy access to transportation and information. The use of high-speed internet and Globalization has made it possible for businesses to set up their companies at different locations all over the world. This allows them to take advantage of different markets in the world. As with all […]
There has been a substantial increase in the number of businesses that have sprung up in recent times. Still, with the increase in the number of companies, there has also been an increase in the dangers of fraudulent activities. This has made the use of financial services such as Auditing, Accounting, payroll services etc., very […]
These days outsourcing bookkeeping and accounting functions helps companies of all sizes shore up their teams’ skill gap by outsourcing a particular activity like accounting or auditing or planning to a third party. Outsourcing boosts the teams’ efficiency and sharpens their focus. Advancement in technology has enabled outsourcing to be an affordable option. Since the […]
In accordance with the UAE VAT Law, it has become a necessity for every registered company in the country to pay the respective tax returns on a quarterly basis by the 28 of the next month. This opened up a whole new area of tax management for which the company management should keep in mind. […]
Banks, Insurance agencies and retail sector units have been using data analytics for analysis, model and design their industry for almost a decade. Audit firms have also started practising this to analyse and verify smaller audit firms for increasing audit quality. Lately, large audit firms have changed their methodology by taking data analytics for 100% […]
