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Auditing Guide: All About Auditing in UAE

What is Auditing? The term “auditing” typically refers to an examination of financial statements. Financial auditing is an independent review and assessment of an organization’s financial statements to ensure that they fairly and accurately reflect the transactions they purport to...

October 20, 2022

Tax Services

Corporate Tax Calculation in UAE?

Corporate Tax in UAE In January 2022, the Ministry of Finance in UAE announced that it will introduce Corporate Tax on the profits of businesses or companies, which will be applicable on 1st July 2023 and will be applied across...

September 30, 2022

Objective & Scope of Corporate Tax in UAE

Tax Services

Objective & Scope of Corporate Tax in UAE

Corporate Tax in UAE The authorities in UAE have announced the introduction of corporate tax from 1st June,23. Corporate tax is a form of direct tax levied on the net income or profit of corporations and other business entities. The objective of...

September 29, 2022

Tax Services

Corporate Tax in UAE

What is Corporate Tax in UAE? Corporate tax in UAE also referred to as “Corporate Income Tax” or “Business Profits Tax” is a form of direct tax levied on the net income or profits of corporations and other entities derived...

September 28, 2022

VAT Services

VAT Guide: All About VAT in UAE

What is VAT in UAE? VAT or Value Added Tax in UAE was introduced on 1 January 2018, making UAE the 2nd country in the Gulf Cooperation Council group of countries. The UAE government has decided to implement VAT at...

September 16, 2022

Accounting Services

Accounting Guide: All About Accounting

What is Accounting? Accounting is the process of recording the financial transactions of a business. The accounting process includes analysis, reporting & summarizing the transactions of a business. Accounting is one of the key functions for almost any business and...

September 7, 2022

What is MIS Report: Need, Types & Examples

Accounting Services

What is MIS Report: Need, Types & Examples

MIS report in full form is Management Information Systems Report. The management uses these reports to gauge how the organization performs so it can make intelligent decisions. MIS reports are a computerized database of a company’s financial information designed to...

August 26, 2022

What is Contra Entry in Accounting? Examples and Format

Accounting Services

What is Contra Entry in Accounting? Examples and Format

Contra entry records cash and/or bank account transactions in the accounting journal. This entry’s treatment does not affect the financial statement line item balance. Contra entry affects the debit and credit of cash and cash equivalent. This transaction involves cash,...

August 24, 2022

What is Bank Reconciliation Statement, How to Prepare, Benefits and Examples?

Accounting Services

What is Bank Reconciliation Statement, How to Prepare, Benefits and Examples?

A Bank Reconciliation Statement is a document that notes the similarity and dissimilarities between the cash balance on your Balance Sheet and the amount on the bank statement. When these two accounts are reconciled, you can identify whether there’s a...

August 22, 2022

What is Trial Balance: Trial Balance Rules & Examples

Accounting Services

What is Trial Balance: Trial Balance Rules & Examples

What is Trial Balance? A trial balance is a financial report that lists a company’s general ledger accounts closing balances at a certain period. A trial balance contains accounts that are the main accounting items, such as assets, liabilities, revenues,...

July 25, 2022

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Auditing Guide: All About Auditing in UAE

Corporate Tax Calculation in UAE?

Objective & Scope of Corporate Tax in UAE

Corporate Tax in UAE

VAT Guide: All About VAT in UAE

Accounting Guide: All About Accounting

What is MIS Report: Need, Types & Examples

What is Contra Entry in Accounting? Examples and Format

What is Bank Reconciliation Statement, How to Prepare, Benefits and Examples?

What is Trial Balance: Trial Balance Rules & Examples

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