There are many tax-related frauds which happen all over the world. To combat this situation, Economic Substance Regulations (ESR ) have been presented all over the world in the countries which have none or very less corporate taxes. This move is a welcome one as it will help notify the business activities of the company […]
Restaurant business has been evolving continuously in every era. The whole concept is now limited to serving food and grabbing the attention of food lovers. Today, the competitive market forces the business entities to keep an eye on the overall aspects of the business entity. Imagine yourself to be the owner of a restaurant that […]
The UAE Federal Tax Authority (FTA) has recently introduced a new feature on the portal for Tax registered persons which is to seek a “Tax Clearance Certificate” from the Authority. This feature will be available to a person as soon as he or she logs in to their respective portal. After logging into the portal […]
The finance and accounting businesses are undergoing significant changes due to various technological advancements. Frequent and routine services like bookkeeping and accounting are flooding the markets. Businesspersons have so many options in terms of providers of ordinary accounting services that the demand for them is steadily decreasing. There’s little or no differentiation in the service provided in […]
Keeping your employees happy is very important as your company will achieve more productivity with a happy worker. Moreover, a worker will be satisfied when he or she receives the remunerations on time. In case a worker is not paid on the correct time or is paid the wrong amount, the worker will be very […]
The world is drifting through innovation and most entrepreneurs have already set up their own businesses in the UAE. As a patriot or a businessman conducting business in UAE, one has the responsibility to adhere to the tax laws and regulations of that state by taking a tax registration number. Are you an entrepreneur yourself? […]
The importance of conducting an Audit is known to every business. Whenever we think about streamlining all the business processes and optimizing the entire business, we believe of Audit. It is the first thing that comes to mind the management for conducting scrutiny to know the actual financial situation of the company. However, in the […]
Value Added Tax or VAT for short is a straightforward concept in theory, but when practically applied, it can have a profound effect on a business. In a layman’s language, VAT can be defined as a consumption tax which is levied on a product whenever a value is added to it in the supply chain. […]
In these times of peril, a business needs to exercise restraint, especially in matters of cost. Half of the world is currently in their homes, and the business activities all over the world have been severely hampered. Even if the businesses around the globe have taken a hit due to COVID-19, all the companies need to […]
Foreign Direct Investment or FDI plays a huge role in the development of the economy of a country. It can be defined as being the amount of fund invested by an entity (either a corporate or an individual) located in one country into a business which is established and conducting its business in a different […]
