Every business needs to create and manage the accounting records of a business. This is where Bookkeeping and Accounting come into play. These records can tell the entire story of the business. The management can see the past as well as the presence of a company. With such information, it will also be possible for […]
A business has to face many problems such as changes in the business environment, change in the tastes and preferences of the customer, increase or decrease in competition and many others. Each of these problems requires in-depth study and research so that the business can survive such changes in the business environment. Every business is […]
Companies often face several hurdles in their journey from incorporation to progress and towards successful establishment with strong footfall in the market. But this process is easier said than done. While many companies are self-sufficient in the field of administrative expertise for carrying out activities such as – registration, legal documents compilation, tax filing, secretarial […]
All businesses operating in a jurisdiction are required to pay taxes as per the taxation policy of the particular jurisdiction. The taxes paid by the companies varies from country to a country. In the UAE, businesses operating in the UAE are exempt from any income taxes and corporate taxes (though corporate taxes are levied on […]
Fixed Assets are one of the most important parts of a business. One cannot imagine a business without any fixed asset. No matter the size of the business every business will require some kind of fixed asset to continue on with the business activity. Fixed Assets can be defined as those assets which are purchased […]
In the business world, having correct and accurate information about the company provides an extra edge to the business. The management follows various rules and regulations and also prepares many kinds of reports so that it receives correct information about the company. One such report or statement is the Bank Reconciliation Statement (also known as […]
A business is set up with the singular intention of generating profits to its shareholders and its management. The cost incurred by a company is a very important factor in deciding the profitability of a business. This profitability is affected in a vast way by the cost, which is spent by the management on the […]
One of the main aims of a business is to generate profits that can be distributed among its investors. This aim is not always achieved by businesses as they may face certain problems during the business. this problem needs to be understood and resolved quickly because if the management takes too long to figure out […]
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 […]
