The goal of every taxpayer is to attenuate Tax Liability. To accomplish this objective taxpayer may resort to the following Three Methods : 1. Tax Planning 2. Tax Avoidance 3. Tax Evasion Now let us discuss the essential method to manage tax liability i:e Tax Planning Tax planning Tax planning is all about analyzing the […]
Setting up a business is step one to a successful business venture in the UAE. Step two would be maintaining records of your financials day in and out. The government of every Emirate checks your tax returns, spending, transactions, etc. The government does this to ensure that your business stays on the right side of […]
An organizations financial reporting standard determines the transparency that the company maintains with its board members and primary shareholders, but what it lacks to determine is the crucial intricacies in outlining the cashflows both in terms of influx and outflow of capital. Such a form of detailing can only be generated from close analysis and […]
The dawn of the world of the internet and technology has opened many doors to others, making things easier. The emergence of freelancing gave people the ability to work at home’s comfort, or wherever they were, without even having to move to an office. As a result, the hustle and struggle of going to work every day are scraped […]
Be it a small mom and pop business, a retail chain, a Fortune 500 company, a government programme or a financial agency, all of them require regular, strategic, and comprehensive audits to track an organisation’s financials. Below are the major differences between regulatory audit, statutory audit & performance audit: Regulatory Audit A regulatory audit aims to […]
While nurturing Dubai South, the government of Dubai had a vision in mind which was to empower individuals and businesses to achieve their aspirations for the betterment of society and economy. Dubai South was formerly known as Dubai World Central. Dubai South is similar to a dream project for the government of the UAE. Especially […]
Every business in the world needs funds to function, and as the company grows, the management needs to give more thought to the capital structure of the company. The primary objective of every business is to maximize the value of the firm, which will, in turn, increase the profitability of the shareholders. One of the […]
A career as a financial auditor is an extremely lucrative option for young graduates. In the article below, we’ll cover what it means to be an auditor, career prospects, growth and a lot more. Who Is An Auditor? An auditor is more than an accountant who reviews financial records. Auditors work for private companies, governments, […]
Taxes play a very important role in a business and managing these taxes can mean the difference between the existence or liquidation of a business. each jurisdiction has its own rules and regulation for taxation and o understand and comply with these rules and regulations is the most important thing for a business. If there […]
An Internal Audit of a company is a complicated venture for the uninitiated. An internal audit helps a business understand its internal operations, specific product/ project financials and help prevent financial fraud or mismanagement. In this article, we’ll look at the Internal audit plan, its structure and critical elements. Internal Audit: Structure Internal Audit performs […]
