The Accounting service is one of the basic services which is used in every business, but these services cannot be removed as this is one of the most important services for a business. Accounting is required in the daily tasks of a business as well as for the long term planning and the allocation of […]
Whenever a business transaction is done, some kind of information is stored in the form of a physical document. This document can later be of huge help for the business and will also help the management in the various business functions such as Auditing. These documents which would prove and document the various transactions made by […]
If a Limited liability company (LLC) is formed in the United Arab Emirates, then it is bound to have a director. This director receives a fixed remuneration for the services he provides on a regular basis. This remuneration for his management services is eligible for Value Added Tax (VAT) at a rate of 5%. It […]
Doing a business is a very lucrative and profitable option for any businessman and this is the reason we can see a huge increase in the number of businesses which are being set up all around the world. But no matter what type of business is being done, each of them faces some kind of […]
Keeping and maintaining all the business records is a very necessary activity for a business. This forms the basis of all accounting activities and thus is one of the most important activities for a business. No business can overlook the importance of Bookkeeping. If the management wants to conduct Accounting then it has to start […]
If a foreign business conducts any transaction within the United Arab Emirates, then the company is allowed to claim for Value Added Tax (VAT). This is done according to the rules and regulations as laid down by the Federal Tax Authority (FTA). This step was taken to make transacting in the United Arab Emirates more […]
In the past few years. Before the global pandemic, we have seen a huge growth in the hospitality sector in the United Arab Emirates. The tourism sector as well as the travel sector has witnessed a huge boom. This was possible as the government of the country was trying to shift the focus from oil […]
Businesses around the world require a standardized system to make and record day-to-day transactions. The transaction records play a crucial role while dealing with third-party transactions, various government bodies, accounting and audit departments. In addition, the records are used to analyze the company performance and taxes. Tax invoice is one such record issued to the […]
Payroll is a core integral part of any organization. Ensuring timely reimbursements and salary credits can build trust among the company workforce and benefit the company in the long term. As a result, companies will either employ a separate team to process the payroll or integrate the function into internal finance or HR teams. As […]
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 […]
