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 […]
Reduction of VAT Penalties Due to Covid
The recent Covid-19 pandemic has affected the economy and pushed millions of companies into near bankruptcy and closure. In addition, the pandemic has reduced consumption and affected the production and supply chains due to the subsequent virus-variant containment waves, frequent lockdowns and shortage of man and material. In the pre-covid times, companies operating in the […]
Challenges faced by a Company on the Audit front
Companies worldwide operate under a set of pre-defined rules and regulations adopted by the management or company board. Therefore, it is highly essential for companies, especially public-listed companies, to conduct business fairly and transparently. Businesses are governed by company laws in every country and required to submit periodic audits to concerned authorities and the company’s […]
How can Accounting provide a massive help to Amazon Sellers?
With a rise in the E-Commerce Culture and the majority of people doing shopping from the comfort of their home, becoming a seller on Amazon is a really good and viable option available to the people. The Covid-19 pandemic has shown that shopping from home can be a very simple and easy process. One does […]
Steps to Set up a Subsidiary Office in the UAE
The companies looking to create their presence in a new market will prefer setting up a subsidiary company. This company is legally independent and has minimal interference from its parent companies in the company’s workings. The parent company can amass various resources which can e utilised later on by the parent company. This can significantly […]