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 […]
The way the capital is structured in a business can mean a lot to a business. The capital structure will pave the way for the future investments of the company and will also help in deciding the path the business should take. The amount of capital present for a particular phase will also help set […]
Good accounting practices have the power to make or break the business. If you own a small business or are just starting one, you might not require an in-depth accounting process, but as the company grows with time, the accounting process gets more and more complicated. Accounting is regarded as the language of business and […]
The virus has forced companies and businesses all over the world to pause for a bit and review their activities. The whole world came to know about the virus within three to four months of getting into the new year and now things have started to change for the better. Still there is a fear […]
