Tax is a compulsory payment levied by the government on an organisation or individual to raise revenue for public needs. The collected amount is then utilised for various public expenditure programmes. Taxes are essential for every country. The critical function of tax is to accrue funds for the functioning of government and its multiple types […]
All About Tax Penalties
Authorities ensure that citizens comply with the laws and regulations intended to improve the system. They spotlight the companies in UAE for Tax registration. The information drives are being carried out in Dubai by Consultants so that people in the UAE can get a better understanding of rules and regulations involved in the process of tax […]
Importance of Hiring Approved Auditors in Dubai
In recent years, the number of companies has increased in Dubai due to the increased number of expats and the emerging economic development. Along with the increasing number of companies, the need for financial experts (i.e.) auditors is also increasing. When we talk about auditors, you can do your company’s audit in two ways: An […]
Accounting Checklist For Beginners
The accounting monitors your money, including purchases, sales, liabilities, and payments of your business accounts. Some of the essential tasks involve bookkeeping (recording financial transactions), Creating financial reports, filing tax returns, and so on. Accountancy helps you gauge the health and value of the company to make better decisions about short- and long-term success. Daily […]
Tips for Building an Emergency Fund for your Business
Every business will have to prepare for hardships in the future, and even when it is fully prepared, it may have to change its strategies at a moment’s notice due to a change in the business environment. This is why a business needs to be always prepared for emergencies. If not, the business may not […]
Advance your Business by Outsourcing Payroll Functions
When you are starting a business all the various functions can be handled by the management as the size of the business is small, but as the business increases in size, the number of activities also increases and also get more complicated with time. There is an increase in the number of people working as […]
What Do You Mean by Multi Location Audit?
Sometimes a business has a number of branches or subsidiaries working for the parent company. Though these branches or subsidiaries could act as an independent company, some part of it is still answerable to the parent company. I order to fully understand the business, the auditor must audit all its subsidiaries and this is where […]
How can you build an Emergency Fund for your Business?
Emergencies can arise out of any situation and if the emergency is not handled properly then the responsible party will have to face a number of consequences. A business should also maintain some funds which can be used during any emergency situation. In most cases, if the business is unable to maintain itself during an […]
Auditing: What to Expect in the Future
Auditing refers to the process of scrutinizing the account books of the company to ascertain the correct financial position of a company and to make out whether all the transactions were legit thereby confirming the absence of any fraud. Auditing involves examining the financial records of an organization or an individual to determine if they […]
Role of Financial Restructuring in a Business
Many times businesses endure a phase during which the company is not able to be a profitable venture and if this situation is not remedied the company will have to shut down. The management of the company should take care to implement certain remedies that can change the financial situation of the business for the […]