Whenever a business entity is set up, it acquires a certain amount of value. This value is affected by the rise and fall in the life of the business entity. The value can get larger than what it was when the business was started or the value could go down. Knowledge of the value of […]
By the start of 2018, the GCC countries have taken a step forward to open another revenue gate for the nations which ultimately introduced value added tax for the business entities at a rate of 5%. This implementation has been done in order reduce the disruption caused in the business sector as well as to deal the […]
Whenever we hear about accounting, the first thing that pops up in the mind is a balance sheet that depicts business stability and tells you whether a business is making a profit or is incurring a loss. Now, establishing a business turns out to be a complicated task. It becomes successful only if the core pillars […]
The business of accountancy has been growing at a fast pace. We know that by the end of the first quarter in 2019, Brexit will take place that put a great impact on all industries, including accounting. While all industries are in an era of change and uncertainty, here are some challenges pointed out by […]
The term bookkeeping refers to the recording of everyday business transactions that involve sales, purchases, receipts, and payments. Once a business entity gets incorporated, it enters into multiple transactions with multiple stakeholders. Be it a small enterprise or a multi-national company, maintaining such records serves to be extremely important. To carry out the process effectively […]
The implementation of VAT charges has become a mandate for the GCC countries at a rate of 5%. The UAE, being one of them, has also implemented the same. As per the UAE VAT Law, most of the tax paid on businesses can be recovered, and is termed as a recoverable tax. On the flip […]
In the past few years, there has been a gradual but noticeable increase in the number of businesses which are being established in countries abroad. This has been possible due to the advancements in technology, increasing globalization and the shrinkage of the world as a result of better and seamless internet connectivity around the globe. […]
With a view of giving birth to a new source of income, the United Arab Emirates (UAE) has taken a decision to implement VAT with a rate of 5%, that saw the light of day on 1st Jan 2018. Although, this initiative is taken with the aim of boosting the Emirates economy, the same has turned […]
There are many good reasons for hiring accounting services at various stages for small business. An accountant can make your life easy at every step, may it be from a business plan to the formation of the company or an application for loan to tax auditing. Hiring a full-time accountant might not be a great idea for […]
The birth of a business entity is the execution of the idea that an entrepreneur holds. An international business platform that motivates such ideas to mold into reality is Dubai. Multiple free zones and segments have been built accordingly to provide flexibility to every business entity to initiate their business ideas. One such free zone […]
