The United Arab Emirates is gradually transforming into a very attractive location for budding entrepreneurs and businesspeople to set up their business. The various benefits such as quick and easy business formation, tax-free regulations, business-friendly environment, etc. provide a very lucrative opportunity for them to pass. This has resulted in an upsurge in the number […]
The foremost purpose of a business is to maximize the profits for its shareholders’ while fulfilling its corporate social responsibility. In the long run, it is possible that these profits start to reduce and the company requires a complete review of its overall workings. This comprehensive assessment would be done by a third party and […]
The professions of an Accountant and an Auditor are very similar to each other, and the terms are often used in place of one another. Both the accountant and the auditor require the basic knowledge of accounting and bookkeeping and need analytical and computational skills. This causes people to confuse between the two and use these terms instead of […]
Accounting and bookkeeping of a company is the function which does not give any visible profit, but if not done correctly can reduce the whole business to rubbles in no time. All the business accounts should be kept properly as if they are ready to use, regardless of the business type. Especially in Dubai where […]
Freelancing is very beneficial as it provides an opportunity to earn without joining any organisation and thus has become a favourite choice among people of UAE. However, they now have to take into account the recent introduction of the Value Added Tax. The VAT in UAE was introduced on 1st January 2018 and has brought new […]
Taking a debt is a good option for increasing the amount of liquidity in hand, but too much of debt can cause many problems to the business. The basic concept of debt or loan is that you can get a certain amount of funds which have to be repaid after a specified date after adding […]
It is very important for a business to keep track of all its transactions. This can be done by utilizing proper Bookkeeping practices. Proficient bookkeeping practices help a company to conduct all business activities in a proper manner and also helps them in conducting an Audit of the company. Bookkeeping services allow the management to […]
Whenever the business owners hear the word audit, it is natural for them to wince ones or twice. They feel that the money and time spent on the audit process could be put to better use in developing the business. Nonetheless, the audit process is a very crucial service that a business requires, regardless of […]
The VAT is one of the recently initiated steps taken by the GCC countries. The idea of launching this step was to bring out a new source of revenue. Being a part of GCC, the United Arab Emirates (UAE) needs to implement the same. Now, at this point, it becomes essential for business investors, owners, […]
The business environment of a country is very dynamic and can never be predicted accurately. It would greatly help for the business if you regularly change the business model of the business or it is possible that the business will not be able to keep up with the technological, social or political changes of the […]
