The United Arab Emirates is a rich country due to the presence of oilfields. The revenue from the oil and gas sector is more than enough to take care of the land, but in recent years, the country is looking to diversify its revenue sources. In order to do this, the country has established numerous […]
Company liquidation is a crucial moment as it includes the necessary procedures related to winding up of a corporate firm. Unlike the incorporation process, settlement also involves a set of standard proceedings that need to abide by the corporate entity looking forward to dissolve the business. It is recommended to take the help of approved auditors […]
The concept of bookkeeping was to maintain a proper record of business transactions. Started with the manual process, the traditional bookkeeping practices followed in the business organizations turned out to be way tedious and time-consuming. With the changing time, technology has accordingly grabbed the bookkeeping domain, and in due-course has changed the entire scenario of […]
The UAE Cabinet has taken an essential step on 30th April, 2019, where the Cabinet of Ministers Resolution No. 31 of 2019 has been released, which stands as a milestone for the UAE Taxation policy and can be considered as an essential step when it comes to global alignment regarding the Economic Substance (ES) in the […]
With the thought of shopping and retail goods, the first thought that pops into our minds is that of the malls in the UAE. In the last two decades, the UAE has seen a massive change in the retail sector. Efforts of both the government and the various private companies have resulted in UAE holding […]
The main aim of setting up a business is to gain profits so that these could be further distributed to the investors and shareholders of the company. To achieve this profitability, the company must continuously check its various operations and processes. This complete and in-depth scrutiny of all the data generated by a business is […]
The process of accounting is required to be conducted by every company, irrespective of their size and nature. This accounting may be fundamental and might not need a vast amount of knowledge but is essential for the business to thrive in the competitive market. When your business grows further, these necessary accounting activities will allow […]
You must have heard that internal audit is a necessity for an organization to improve the business performance. Be it any department of an organization, each of them needs an overview to remove the flaws or loopholes (Read what are the importance of internal audit). An auditor takes the core responsibility to perform the audit essentials […]
Many at times you might wonder why to outsource business activities when you have a respective department for every business division. Well, for a minute you might get thought that it would turn out to be costly by outsourcing, or you might even take a step forward to train your current employee, and then carry […]
Every business gets established with the motive of earning a profit. In the process of doing so, the firm undergoes numerous transactions every day, which need to be monitored. Be it a start-up, or an established business, one of the essential processes that needs to be conducted is an audit. In business language, the term […]
