Every businessman understands the importance of Accounting in a business. The collecting, processing, and presenting the financial information is of great importance as this will allow the management to understand the present financial condition and make future strategies for the business. Every business must follow proper accounting methods. There is a process of accounting, which […]
How To Diversify Your Investment Portfolio
Time is money and investment is the new savings. Everyone needs to invest in having a secure financial future. The earlier you start investing, the higher the returns you get when you retire. Anyone can get into investing at any age, and it begins with creating an investment portfolio. An Investment Portfolio An investment portfolio […]
What is a Statutory Audit and What are its Benefits?
No matter the size of the company, conducting a financial audit of the company is very important. The importance of a financial audit of the company cannot be emphasised enough. There are various types of Audits of a company such as Statutory Audit, Performance audit, Regulatory Audit etc. it is up to the management of […]
What are the Records to be Maintained for a VAT/Tax Audit?
Value Added Tax or VAT is a fairly new addition to the tax roster in the United Arab Emirates. Taxes play a very major role in the economy of a country as they help the government to amass funds which will eventually help them to build infrastructure for the people of the country. This is […]
Which Companies Require Auditing Services?
There are a number of benefits of Auditing a company, and because of these benefits, every company should be audited. The conducting of an audit of the company will help the management to understand the present condition of the company and will also help in ensuring that the company is following the set path as […]
Why a Business Require Accounting Supervision Services?
Creation and Maintenance of the financial records of a business are a very important function of a business. Information about a business helps the management to act on the present situation of the business and also assists in deciding a future path of the business. The information provided in these financial reports will determine the […]
New Residency Policies in the United Arab Emirates
The Middle East is gradually turning into a very lucrative and profitable place for companies from different parts of the world. Every company or business would like to tap into the middle eastern markets. Due to this, a huge number of businesses opt to come into the Middle Eastern countries in order to set up and […]
The Process of Tax Audit by the FTA
Due to an increase in Globalization and the opening up of the economies of the middle east, many international companies have found themselves trying to capture the middle eater market. these companies must keep in mind the various rules and regulations which are applicable to such companies in the United Arab Emirates. One of the […]
Maintenance of Records is Vital
Presently as the VAT has actualized in UAE, there are a bunch of decisions and guidelines that are to be kept up by the individuals. Who has enrolled for VAT? The support of records is as significant for the registrants as it was for them to get registered for VAT. The registrants ought not to […]
How to Classify Business Assets
A company has business assets like shares, stocks, and investment portfolios to help it have a steady source of income. In this article, we’ll look at different aspects of a company’s business asset, how it’s used and so on. What is a Business Asset? A business asset is an item of value owned by a […]