The modern world is more connected, organized and progressive with the adoption of technology. Globalization has eased the sharing of technology, best practices and culture. The opening of markets, especial by the Middle Eastern countries, has resulted in many international companies foraying to tap potential growth in these markets. The Government has adopted modern practices […]
All about Post Pandemic Audit Process
We all agree that an Audit is very necessary and valuable to a business, but the year 2020 brought many changes as to how a business was conducted. This also changed how the management of a business conducts its Auditing and Accounting functions. Due to the pandemic, it has become extremely difficult to go to […]
How Outsourcing can be a Strategic move for Businesses
Businesses can remain healthy and operative only when all the functions in the company work in tandem. A disruption in one of the functions can affect the company’s other functions and result in a divergence from the adopted goals and revenue targets. Businesses such as SMEs with limited sources may face issues to execute all […]
Business Planning for SMEs during Covid-19
The whole fiasco of the Covid-19 pandemic is out of the control of Governments, International organisations and companies worldwide. The pandemic has caused severe health and economic crisis, pushing millions of people back into poverty. The after-effects of the pandemic are unclear, and the future is bleak for many people worldwide. It takes significant time […]
Why Reliable Accounting Service Are Important for a Business
The Middle East provides a fertile ground for the setting up of various businesses from all over the world. This is the reason that we have seen many different businesses enter the Middle Eastern markets. With the increasing number of businesses, there is an increased demand for various financial services which can assist the management […]
When can a Company Outsource Accounting and Bookkeeping Services?
Every company requires accounting and bookkeeping services so that it can the existence and development of the company is ensured. But the time at which a company should avail such services is a very subjective matter. The time at which such services should be availed can be different for different businesses. It is the duty […]
All about Setting up a Subsidiary Office in the UAE
Opening a subsidiary company in the United Arab Emirates can be a wonderful idea for the business. This will not only help the business to expand but will also help in getting labour with technical expertise. UAE is considered as the gateway to the Middle East and a subsidiary company in the jurisdiction will allow […]
Difference between Auditing in Mainland Company and Auditing in Freezone Company
The UAE is a popular investment destination in the world. The government’s business-friendly policies, along with an urban culture, have enabled many entrepreneurs and multinational companies to set up their businesses in Dubai and other UAE emirates. In addition, a robust legal framework in line with international standards and a clearly defined taxation policy has […]
What Are the Tax Evasion Penalties in the UAE?
Businesses around the world favour those jurisdictions which provide a conducive ecosystem to sustain and achieve business growth. Welcoming foreign companies to invest and grow is mutually beneficial to both companies and countries. A fair and transparent business ecosystem with adherence to various global standards is one of the major factors in gaining the companies’ […]
Reasons why External Audit should not be avoided
The importance of auditing for a business is well known by everyone. Even though it is a time taking process, the risk to reward ratio is very high. But in spite of the benefits of auditing, many small businesses do not audit as they feel that the company is not that big and it will […]