At the beginning of the year, there were only talks around the water coolers about a virus that had come from the bats, but nobody paid attention to it. Gradually this virus spread all over the world, but still, the people used to think that this virus can be contained to a specific location. And […]
The Economic Substance Regulations (ESR) was introduced in the United Arab Emirates through the Cabinet Decision Number 31 of 2019. This regulation was implemented to reduce illegal tax practises and wrong doings in the business community. This regulation will put a stop to wrong tax practices followed in international business and will ensure that the […]
Customer is regarded as the king of any business. Imagine a scenario wherein the king fails to pay the appropriate amount, and the business entity has got no accountability? Scary, right? Well, to avoid such unwanted scenarios, it is highly essential to keep accountability of the revenue generated. It is a well-known fact that the […]
Finance is the fuel that drives the engine of a business entity, and without which an organization can’t perform. Now, a business organization needs to understand that keeping an eye on the available finance and knowing its utilization is a must. Now, while proceeding towards the process, it is essential to know that multiple parameters […]
A tax audit is an examination for a business entity that is meant to uncover the fraud and inaccurate proceedings related to tax and its filing and return. In Jan 2018, the UAE government initiated the VAT proceedings that is a consumption tax. Now, according to the legal laws, a UAE established company needs to […]
In the modern world, technology has become an unbreakable threshold that has infused itself in multiple domains. Ranging from a small mom-and-pop store to a multi-national company, technology has established itself in every corner to make the lives and business process easy. With the constant growth of the IT industry, the sector has targeted the […]
You must have heard a lot that accounting is the language that reveals the complete work-proceedings of a business entity. A corporate body needs to maintain error-free business records as that would be easy for the management to prepare documents and build business strategies. On the other side of the coin comes to audit, which […]
The European Union has performed a review of the tax framework of the United Arab Emirates, and in the review, it was found by the European Union hat certain conditions were not met. This led to the EU adding the UAE to the list of Non-Cooperative jurisdictions for tax purposes, which is also known as […]
The term due diligence may sound like a new concept but this term has been in use since the mid-fifteenth century. Due Diligence can be explained as taking steps in order to avoid any mistake or offence. In the business scenario due diligence plays a very important role, especially has taken an essential role in […]
Auditing is an age-old procedure of understanding the position of your company. An auditor will try to analyze the performance of a company by evaluating the data produced in performing the various activities of the business. In older days, an audit comprised of systematic and regular checks to understand the present condition of the business […]
