One of the most drastic change that got implemented in the GCC region was the implementation of VAT proceedings, which became a compulsion for the countries registered under GCC. The United Arab Emirates, being a part of the same circle, has implemented the VAT on 1st Jan 2018, backed by the idea that this would open […]
Whenever it comes to tax payment, it can be seen that individuals as well as organizations try to oversee it, or pay the same at the last minute. Since its implementation, the VAT has mandated the business organizations to pay tax on time, which ultimately helps the government to strengthen the economy and take it […]
The start-up culture has transformed the business world to a great extent. Every business domain is backed by technology which gives birth to innovation and thus the idea of start-up gets highlighted. Ranging from a fresh graduate to an experienced professional, everyone is in the race of establishing and accelerating their business. Dubai is considered […]
The implementation of VAT has been one of the turning points for the UAE market. It is quite well known that the Value Added Tax, commonly known as consumption tax, is an indirect tax which gets applied on the goods and services consumed. Although the concept of VAT in UAE has been adopted to fetch […]
The small and medium organizations are referred to as the backbone of a nation. Taking this fact into consideration, the United Arab Emirates encourage the small and medium businesses to flourish in their relevant industry. Absolute essentials need to be taken care at the initial stage of a small organization so that it can grow […]
A person is bound to have the most number of interactions with the retail industry and seeing the steadily increasing retail sector in UAE, the number of such communications will increase. UAE, in general, is considered as a haven for the retail industry. One can find retail outlets of all known and unknown products and […]
The VAT has been introduced in UAE reasonably recently and has some huge implications on the business conducted in the country. If a company is registered under the VAT law, then the business is legally allowed to collect Value Added Tax from the customers and remit these taxes to the government. The VAT was implemented […]
One of the essential components for a business which comes from the side of the entrepreneur is money or funds. Without funds, it is tough even to imagine how a company would survive. To maintain the proper records of the funds going in and out in the cash flow of the business you will have […]
With the advent of globalization and the advancements in technology, the world has slowly shrunk in size, and it is comparatively easier to move to new places both to visit or settle. This means that there are continues changes and improvements in the hospitality sector all around the world. With an increase in the number […]
Accounting and Bookkeeping can be considered as some of the core functions which a business should perform. The bookkeeping function forms the foundation for the various financial and planning processes of the company which are furthermore refined by the accounting function. It is vital for a business to take the help of outsourced accounting services […]
