Managing finance is one of the most crucial tasks that every business entity needs to go through. A common question that keeps arising in the minds of an entrepreneur is: Is financial audit mandatory? Do the financial reports needs to be submitted to the authority? Well, the reason behind the existence of such a question […]
The UAE havs transformed itself into a tourist spot. In the first half of 2018, Dubai itself has attracted more than 8.1 million tourists from every corner of the world. Visitors get fantasized with the tourist spots and are also driven by the craze of shopping in Dubai. As we all know, the Emirates are […]
In simple terms, payroll refers to the process wherein the company keeps a check on the overall payment offered by them. This process of maintaining the track record might seem easy at the initial stage of business, but as it grows, it turns out to be complicated. Dubai is the hub of international business entities, […]
In an organization, the accounting department is one of the most important department as it is responsible to keep a track of all the other departments and also keeps a check on the business transactions of the company since the start. It becomes essential that every business entity maintains a proper book of records from […]
Dubai, one of the fastest developing commercial hubs, is a home to millions of international expats that constitute a large number of entrepreneurs, investors, employees. The destination serves as a home to world business entities and is continuously expanding it in all possible ways. The UAE government has been adapting all the possible measures to […]
A business entity can stand only if its core pillars are strong enough. These pillars include the different departments, and its stakeholders that give the very meaning of existence to a business entity. From the very first day of incorporation, a business ends in getting involved in multiple domains that include different transactions, planning, activities […]
Any business organization is an amalgamation of different units and departments and each of these units must work together to become more profitable. Each unit is meant to perform specific tasks and has got their own rules and regulations which has to be followed accordingly. Be it establishing a business unit or financial restructuring of an established organization, […]
Whenever we hear the word ‘Bad Debt’ it leaves scary footprints in our mind. In simple terms, it is stated as a receivable amount that can never be recovered, which again turns to be a tough task. In the business world, it becomes essential to keep a track on the cash being lent and the […]
Dubai has seen tremendous growth in terms of businesses coming into the country. It is considered one of the most prominent business destinations and has been growing continuously. It has been paving a path for multiple businesses coming to the country worldwide and is headed towards becoming a platform for various companies. There are many […]
Value Added Tax or VAT was introduced in UAE on 1st January 2018 with the aim acquiring a new source of income which would help the government in the achievement of its vision of reducing the dependence on oil and other hydrocarbons as a source of revenue. The VAT is considered as a general consumption tax […]
