We all know that the United Arab Emirates has copious amounts of reserves of oil and gas and have a very flourishing Hydrocarbon industry. Except for Dubai, the country of UAE is heavily dependent on revenue from the oil and gas sector. The hydrocarbon sector plays a considerable role in the economy of the UAE. […]
In current times, the notion of having one’s own business is a prevalent idea. This is the reason that there is an increase in the Small and Medium Enterprises all over the world. Many entrepreneurs have the idea to start a new business but very less are able to get the required funding for the […]
When we talk about setting up a business in the United Arab Emirates, two places pop into our minds. These are Dubai and Abu Dhabi. Dubai it the recipient of most of the hype and is one of the biggest city in the world, but Abu Dhabi is the underdog in the business setup aspects. […]
As an organization grows, its financials become more complex. As the financials become more complex, it becomes difficult to measure and manage cash flow, production costs, inventory, payroll, and other critical financial information and tasks. This is why many organizations grow themselves right out of business. They are not capable of maintaining the financial controls […]
The implication of the Value Added Tax is one of the latest development in the country which will impact not only the economy of the land but will also have an effect on its business relationships with the other countries. As this is a new tax implemented on almost all the companies that are present […]
Business entities deal with numerous transactions with different stakeholders since its inception. It is a well-known fact that sustaining a business in a competitive environment is a complex task that requires continuous brainstorming and planning. Keeping a check on the business activities turns out to be a mandate, and this core reason gave birth to […]
“The hardest thing to understand in the world is the income tax”- Albert Einstein. Taxation stands as one of the most crucial domains that every business needs to deal with and thus turns out to be unavoidable. The payment of tax positions as a mandate and therefore, one needs to deal with it carefully. Unlike […]
In today’s competitive business environment, rigorous planning and strategic needs to be applied to all possible domains to sustain in the competitive market. One of the core pillars that depicts the complete scenario of business is accounting, which is regarded as the language of business. Any business entity irrespective of the size and nature needs […]
Every company requires an auditor to keep the company on the path to success. Proper accounting and auditing will allow a company the company to utilize all of its resources in a judicious way. It will also allow the company to control and curb any illegal or cost and labour intensive activity that is happening […]
Whenever the term “capital” or “money” is used then in someplace the term fraud is also an inevitable term. In short, fraud can be defined as the act of greediness or deception that will lead to personal gain or personal profit. Mostly the purpose behind the fraud is greediness and covetousness. Cheating can occur anywhere […]
