The government of the United Arab Emirates has implemented the Value Added Tax recently, which will help both corporates and the people of the country. In the long run, the United Arab Emirates will be benefitted and will be able to utilize a new source of revenue while effectively and efficiently removing its reliance from […]
With the advancements in technology, there is the development of various better and resourceful methods which will enhance the profitability of the business as well as prepare a future path for it. One such method which has been developed and used extensively nowadays for businesses is known as a Remote Audit. Let us know what […]
Accountancy is variously defined as preparing and maintaining financial records of a firm or company’s transactions. An Accountant’s job revolves around Analysing, Auditing and Assurance, such maintained records in accordance with the accepted principles and procedures of accounting. An Accountant is expected to have certain desirable qualities; these qualities make him either a great accountant […]
Statutory audit is a legally required audit to review an organization’s financial statements and records. The audit determines whether an organization provides an accurate depiction of its financial position by thoroughly examining financial information such as balance sheets, bank balances, bookkeeping records, and financial transactions. The companies subject to audit are usually the public listed […]
The importance of a financial audit cannot be underplayed by anyone, and the most common type of Audit which will be conducted by any business is Statutory Audit. This type of audit is an audit of all the financial books of accounts of the business which have to be performed legally. This type of audit […]
A company is like a person. You have to take constant care of it otherwise there may be many problems to be faced. Just as a person needs to have health check-ups at the interval, the business should also have check-ups of determining the financial health if the business. Knowing about the financial health of […]
The 21st century is the age of digitization. Everything has an internet connection, 24/7 from complex data servers at Google to your android smartphone. With the rise in connectivity across the globe, digital currency has become the new cash and carry. Today, when you want to buy something, the options to pay for it are […]
There have been a huge number of business opportunities in the world and especially in the middle east. People from all over the world are looking to come to the middle east in order to set up a company and conduct their business. But with the increase in the opportunity for business comes the opportunity […]
The UAE is one of the world’s top countries with a robust business-friendly ecosystem supporting local and international businesses. Value Added Tax (VAT) was introduced recently and came into effect from 1st January 2018, and all eligible companies are required to file annual VAT returns. The business-friendly framework meant the federal government had allowed the […]
The primary aim of a business is to generate profits for both the company as well as the shareholders, but in certain cases, the company faces huge losses or is unable to change according to the shift in customer demand and preferences and has to shut down all its business activities. In this case, the […]
