Business involves dealing with many stakeholders such as suppliers & vendors, distributors & related supply chainss, company labour workforce, company management and shareholders. The success or failure of the business depends on the strategic goals along with countless external factors. At times businesses may face issues and prove inefficient due to many internal factors. A […]
Challenges faced by an Accounting professional
Accounting is an integral part of running a business. Without the accounting function, businesses will not be able to track and trace the company’s financial stature, will not have access to sufficient data to make analysis and sound decisions and will not be able to confirm irregularities and course correct the actions. Therefore, accounting is […]
Reasons for Growth of E-Commerce Sector in the United Arab Emirates
The United Arab Emirates is slowly becoming one of the best locations for setting up a company. It is considered a gateway to the Middle East and it has become one of the most important business destinations for businessmen all over the world. Most of this development of the country can be attributed to the […]
What are the Objectives of Company Due Diligence
A business has to always keep up with the changing business environment. This means that the business has to continuously keep a check on all the records of the business and how the business is currently performing. This is important for a business to be on par with its competitors in the market. It is […]
Effect of VAT on the UAE Economy
The UAE is popularly known as the gateway to the Middle East. It offers a stable government and adopted business-friendly policies supported by a sound legal system in line with international law. In recent years, innovative investment-friendly policies have resulted in businesses worldwide establishing a base in the country. Like in other Middle Eastern countries, […]
Various challenges faced by an Auditor
There has been a substantial increase in the number of businesses that have sprung up in recent times, but with the increase in the number of companies, there has also been an increase in the dangers of fraudulent activities. This has made the use of financial services such as Auditing, Accounting, payroll services etc. This […]
How can Accounting Services prove Advantageous for Law Firms?
It doesn’t matter what is the nature of your business. Accounting and bookkeeping are the fundamental processes that should be conducted by any firm. This also applies to Law firms. Maintaining the books of accounts may not be very easy for them, as this may seem like a completely different direction. The legal firms may […]
Amendments to keep in mind for UAE Entrepreneurs
The UAE is a popular investment destination for many entrepreneurs worldwide. Moreover, many expatriates have made UAE their second home due to various factors such as inclusive culture, world-class infrastructure, access to the right talent, affordability and minimal regulatory hassles provided by especially by dedicated Freezones. In addition, the geographical location of the UAE is […]
Why is Due Diligence required by a Business?
In the last decade, we have seen a huge increase in the number of companies that are being set up and this setting up of businesses has not been specific to a certain country or jurisdiction. This phenomenon can be seen all over the world. Such a healthy situation has been created due to many […]
What are the Benefits of Double Taxation Avoidance Agreement (DTAA) to Expatriates in UAE?
Taxes are an inevitable part of everyone’s life. Taxes are paid usually on the income source of an entity but many a time what happens is that income taxes are required to be paid by an entity twice on the same source of income. This usually occurs in international trades of investments made in two […]