The Covid-19 pandemic has brought huge changes in the life of every single person. Business operations were the most affected as everyone had to maintain a social distance. This was a huge change as now every business has to change how it operates. As the people could not travel and had to follow social distancing […]
What do you mean by Recoverable Input VAT?
In the recent past years, there has been a visible increase in the businesses which are being set up all around the world. This is because of many factors such as ease of setting business, easy transportation and communication between various places. This has helped in the increasing numbers of businesses which are set up […]
Importance of Due Diligence in the Current Business Environment
If a buyer is interested in buying a business in the United Arab Emirates, he must conduct Due-Diligence of the business before buying it. This will allow him to know the important details about the company and help him understand if the business will be a fruitful venture and will bring him profit. Different types […]
How can Accounting System Analysis assist in Business Growth
Every business has follows a business accounting system. This accounting system helps the business to keep a track of its financials and the financial situation of the business. It is very important for the management of the business to keep analysing the accounting system of the business. After the analysis, the management will be in […]
Impact of World Expo 2020 on UAE Economy
In the month of November of 2013, The Bureau International des Expositions (BIE) general assembly in Paris gave the nod to hold the World Expo 2020 in Dubai, United Arab Emirates. This expo will extend for a period of six months and will focus on the Connecting Minds, Creating the Future. These expos are organised […]
Difference between Forensic and Financial Audit
Every business needs to understand the current scenario of the business and how it is functioning in the current business environment. If the business is ready for the upcoming business trends. To gather this in-depth knowledge of the company, the management conducts an audit of a company. There are various types of Audits that a […]
Time Frame for Recovering Input Tax
The time has come to relook into your inward policy and cycle followed for input VAT recovery. The public explanation delivered by the Federal Tax Authority changes the recognition towards the Input VAT recovery taxpayers have accepted in the course of recent years. Qualification for Input Recovery As per Article 55 of VAT Law, Input […]
Financial Audit: How it assists Business Activities
One of the best ways to examine and evaluate the various activities of the business is to conduct a financial audit of the company. The financial audit can provide us with an in-depth account of the present status of the company and will also provide details about the potential problems which the business can face. […]
Accounting Lessons for Start-ups bred for selling
Startups are the new normal in a changing world. Startups are successful in solving problems in non-traditional ways and quite successful in creating value for the investors. A startup ecosystem involves raising funds from enthusiastic potential investors in many rounds of fundraising. Entrepreneurs and startup founders build their companies so that potential big investors or […]
What are some Advantages of Updating Backlog Accounts
When a company is set up, it may have a humble beginning meaning that the size of the company may be small. As time passes the company will try to expand into new fields and markets which will support the expansion of the business. It may happen that the company does not maintain proper accounting […]