Bookkeeping and accounting may, in general, look like the same professions to a layperson. The reason is that both the accounting and bookkeeping professions deal with the same financial data, professionals require basic accounting knowledge, and it involves generating reports based on the financial transactions. In actuality, the information a bookkeeper is responsible for gathering […]
The cash flows of the business are of crucial importance. If these cash flows are not managed properly, then the business can face adverse effects. The management of the business should take steps to manage these flows of cash so that there is no hindrance to the growth of the business. Let us understand the […]
The government of the United Arab Emirates has taken many steps to ensure that the businesses in the country, as well as the businesses which are coming into the county from all around the world, do not face any difficulty. The government takes various steps and amends various laws to make sure of it. One […]
In the UAE, the Auditors play a crucial role in assisting companies in auditing the company’s financial records. They help company management, and the Board of Directors will fair and partial assessment of the process employed by various company departments. In certain Freezones, external auditors are required to carry out the financial audit every year. […]
Setting up a business and launching it takes some level of perseverance, but a businessman needs to sustain and maintain the same level of dedication and perseverance to ensure the survival of the business. in order to maintain the business, the businessman or the management of the business needs to employ certain different business strategies. […]
In the ever-changing business world, company mergers and acquisitions have become the usual norm worldwide. In small companies, the distinct structural advantages have led to many innovations and created more value for the business. The growth has also enabled companies to merge with others to enjoy the short- and long-term benefits and built synergies. The […]
Even if a taxable entity is particular about the submission of taxes, there can be errors made. Then the taxable entity has to resolve this dispute relating to the taxes. This can be a lengthy and complicated process in some cases. This article will help a taxable entity to resolve such disputes in the future. […]
Companies operating in the UAE should conduct the affairs per the rules and regulations of various UAE laws, failing to attract fines and heavy penalties. It is also essential for organizations to know the requirements and differences between audit and Due Diligence. Due Diligence Due Diligence is used to assess the company based on reviewing […]
In the changing world, the companies’ main challenges concerning intra-company affairs are handling the employees’ attendance, taxes, and employee compensation. It is the most important because the employees are the company’s backbone and its most important assets. Companies worldwide pay special attention to retaining their employees by providing them with skills training and welfare benefits, […]
For entrepreneurs and businesses worldwide, UAE is famously known as the gateway to the Middle-East and North African markets. A business-friendly environment and the robust legal framework upholding international charters enabled companies to move to the UAE. Risk assessment is integral to all companies, especially for those looking to operate in new environments and looking […]
