It is challenging for businesses to maintain a healthy cashflow. Amid this pandemic, the global economy is starting to feel the effects of the struggle to keep its business afloat, moreover, grow. Auditing can help your company succeed by providing you insights into your business’s overall health, offering an accurate report on your cashflows. As […]
Accounting Functions and Their Impact on a Business
The main objective of an Accounting Function is to record ongoing and operational transactions of any business. Any business, large or small, profit or non-profit is driven by financial information. This financial information comes in many forms, such as financial expenses, salaries, operational costs, operational cash flows, investments etc. All this recording of data creates […]
How can a Business Strengthen its Credit Situation?
Setting up a business can be comparatively simple work, but maintaining the business can be a complicated task. In order to keep the business in a healthy condition, the business owners need to go the extra mile which can sometimes lead them to neglect the credit ratings of the business. The credit ratings have a […]
Guide to Liquidating a Company in Mainland UAE
Setting up a business in the United Arab Emirates is a very beneficial and profitable decision which any businessman can take. With a number of business opportunities and the prospect of exploring new markets, setting up a business in the UAE can be a very profitable venture. Even the Government of the country is providing […]
Effect of VAT on E-Gaming Industry in the UAE
There have been many developments in the Online Gaming Industry (also known as the E-Gaming Industry). In the current scenario, the E-Gaming industry is one of the growing industry, and more and more players are coming into the market. this has been possible due to the release of multiplayer games such as PUBG, Free Fire, […]
Dubai Healthcare City – Mandatory Audit
Dubai Healthcare City Authority – Regulatory is an independent arm of Dubai Healthcare City Authority. The DHCA is the body of Dubai Healthcare City that regulates it as the largest healthcare free zone for health and wellness globally. Dubai Healthcare City Authority – Regulatory, now referred to as DHCR, regulates the free zone and directly […]
Why should you Update the Backlog Accounts of your Company?
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 […]
Scope of Financial Development and Economic Growth in the United Arab Emirates
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 […]
What Records need to be kept by a Taxable Entity?
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 […]
How can Diversification help a Business?
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 […]