Accounting is one of the primary functioning arms in an organisation. It helps companies across the globe to gauge the business performance in accordance with different aims and goals set up by its management. Accounting is also a mandatory requirement to conduct an internal or external audit. In many jurisdictions around the world, including the […]
The economy of the United Arab Emirates is the second-largest economy in the Middle East after Saudi Arabia with the scope of even growing more. The country has been trying to diversify the economy as most of the economy is dependent on the revenue from the petroleum and hydrocarbon sector. Previous to the worldwide pandemic […]
UAE is a land of opportunities for businesses. Over many years, businesses have seen rapid growth and explored new footholds in West Asia and African markets. The business-friendly ecosystem has enabled the success of companies in the UAE. Value Added Tax (VAT) was introduced in the UAE and other Gulf Cooperation Council (GCC) member countries […]
In the course of business, various business strategies are used by the management to increase the efficiency and profitability of the company or to keep the company afloat. These business strategies depend on the way the management works, what message it wants to give to the people and what is the business environment around. One […]
The Government of the United Arab Emirates has recently brought forth the resolution which will help in defining the procedure for maintaining a real beneficiary. This resolution will be in effect from the 27th of October 2020 and according to this resolution, it will be required that a businessman or any business entity will reveal […]
Why would a business choose to audit? Is it that important? Of course, it is. However, more often than before, companies are choosing to undergo audit functions for the following reasons. Better financial reporting Audits improve the performance of the company Increase Productivity Low Errors Auditing is an impartial and independent activity that adds value […]
UAE is a hub to many businesses in a variety of sectors. The location proximity of the UAE, stable governance and the business-friendly ecosystem have led many companies and entrepreneurs to start and run their businesses over years successfully. The opportunities created by the firms has led diaspora around the world to move their jobs […]
We all understand that there is a huge requirement for Financial services such as Audit or accounting and bookkeeping for a business. With the increasing business opportunities in the Middle East, there has been a significant increase in the number of manufacturing industries in the UAE. The manufacturing industry is unique, as it requires a […]
For a business to run efficiently a businessman needs to invest capital in the company. this capital is further bifurcated into two different parts. These are Fixed capital and Working Capital. Both Fixed Capital and Working capital need to be present in a company. Moreover, the management should try to keep a balance between the […]
Value Added Tax (VAT) was introduced in the UAE and other gulf countries and came into existence with effect from 1st January 2018. The significance of VAT covering most of the goods has led to the rapid adoption of the tax across the country with the technology and clear guidelines from the Federal Tax Authority […]
