Most businesses focus on only a single product or service, which has a plus point that the complete focus of the management is on the production of the product or service. Still, the negative factor is that if the works emend gets low, then the business will have to reduce its production, and it may […]
The Coronavirus or the COVID-19 has had a huge impact on the businesses worldwide, which has, in turn, affected the economies of the country drastically. There have been complete or partial lockdowns due to which people all around the world have not been able to work. There have been some people who do not have […]
The worldwide outbreak of the Coronavirus has changed the situation for the world economies. There have been blanket bans on international traveling and various restrictions on people. Individuals were not able to go for jobs, which has had a huge impact on the economies of various countries. The Coronavirus outbreak has resulted had such a […]
Taxation plays a huge role in sustaining and developing the economy of a country. This is why the government of a company should take every care of how the taxes are implemented and assessed, what will be the penalties, and about the tax refunds and various other provisions. Keeping this in mind, the cabinet of […]
There is a great need to create and maintain business records in the United Arab Emirates, especially after the implementation of Value Added Tax. Keeping a record of all the transactions related to the business will not only help in finding out the present condition of the business but will also help in deciding a […]
In recent years technology has made enormous strides in all walks of life. From construction to food to manufacturing, there have been great technological strides in every industry. These changes have vastly transformed how we deal with various parts of life. Accounting is also recognized as the language of the businesses and is not an […]
In today’s world, it is essential to understand the financial standing of the business, and this can be found out by performing an audit of the company. In a company audit, the concerned officers inspect all the books of accounts, and through their inspection, the various loopholes within the company or any procedure which may […]
A company needs to hold a Tax Registration Number in the United Arab Emirates as only a business which has the said TRN will be able to claim for taxes and also will be eligible for a refund. This 15-digit number is also known as a VAT registration number and will be of great help […]
The United Arab Emirates has seen a considerable increase in the number of companies set up in the country. It is also considered a breeding ground for businesses from all around the world. Many functions should be performed while establishing a business, such as accounting and auditing, as these functions can have a significant implication […]
Accounting is an integral part of a company and is regarded as the lifeblood of a company. Without accounting, it will be very challenging for a company to understand the inflows and outflows of cash in the company. One of the crucial things to comprehend in Accounting is Bad Debt and its effect on the […]
