The UAE is one of the world’s top countries with a robust business-friendly ecosystem supporting local and international businesses. Value Added Tax (VAT) was introduced recently and came into effect from 1st January 2018, and all eligible companies are required to file annual VAT returns. The business-friendly framework meant the federal government had allowed the […]
The primary aim of a business is to generate profits for both the company as well as the shareholders, but in certain cases, the company faces huge losses or is unable to change according to the shift in customer demand and preferences and has to shut down all its business activities. In this case, the […]
Every businessman understands the importance of Accounting in a business. The collecting, processing, and presenting the financial information is of great importance as this will allow the management to understand the present financial condition and make future strategies for the business. Every business must follow proper accounting methods. There is a process of accounting, which […]
Time is money and investment is the new savings. Everyone needs to invest in having a secure financial future. The earlier you start investing, the higher the returns you get when you retire. Anyone can get into investing at any age, and it begins with creating an investment portfolio. An Investment Portfolio An investment portfolio […]
No matter the size of the company, conducting a financial audit of the company is very important. The importance of a financial audit of the company cannot be emphasised enough. There are various types of Audits of a company such as Statutory Audit, Performance audit, Regulatory Audit etc. it is up to the management of […]
Value Added Tax or VAT is a fairly new addition to the tax roster in the United Arab Emirates. Taxes play a very major role in the economy of a country as they help the government to amass funds which will eventually help them to build infrastructure for the people of the country. This is […]
There are a number of benefits of Auditing a company, and because of these benefits, every company should be audited. The conducting of an audit of the company will help the management to understand the present condition of the company and will also help in ensuring that the company is following the set path as […]
Creation and Maintenance of the financial records of a business are a very important function of a business. Information about a business helps the management to act on the present situation of the business and also assists in deciding a future path of the business. The information provided in these financial reports will determine the […]
The Middle East is gradually turning into a very lucrative and profitable place for companies from different parts of the world. Every company or business would like to tap into the middle eastern markets. Due to this, a huge number of businesses opt to come into the Middle Eastern countries in order to set up and […]
Due to an increase in Globalization and the opening up of the economies of the middle east, many international companies have found themselves trying to capture the middle eater market. these companies must keep in mind the various rules and regulations which are applicable to such companies in the United Arab Emirates. One of the […]
