Accounting is one of the vital elements that help a business to measure and keep track of the performance. With the help of reliable accountants and bookkeepers, a business entity maintains a complete record. However, being a business investor, do you think that recording the transactions is enough for a business to grow? No, right? […]
With the recent advancements in technologies, there have been developments in tools and methods to handle a particular subject in almost every topic. Even the field of business accounting has not been left untouched by it. There have been developments in software which will handle all the accounting requirements of a company. The main aim […]
With the implementation of VAT proceedings, the region of UAE has figured out new ways of generating revenue. The concept of VAT holds the specific term “Zero-rate” is used in countries where Value Added Tax (VAT) gets implemented. In business terms, zero-rate means that the good or service involves GST/VAT, but the rate that gets […]
Every business entity needs to pay a certain amount to the government at the end of the financial year, referred to as “Tax.” Recently, the Government of the United Arab Emirates has implemented the VAT law that applies to the business entities at a rate of 5 percent. Now, this step has been helping the […]
On 1st Jan 2018, the United Arab Emirates have implemented the concept of Value-Added-Tax (VAT), to build a unique route for revenue generation. This concept gets implied on the business entities who are entitled to deal with VAT with a rate of 5 percent. Over the implementation of the same, there is another concept referred to […]
The past few decades have seen considerable advancement in the technologies in all walks of life. Be its manufacturing industry, communication industry, retail industry, automotive industry, etc. the development of technology has impacted every sector. The accounting industry, though, has been a little slow in catching up with the latest technological know-how but is slowly […]
To make the company a successful one, the management should pay close attention to the finances of the company and how they are handled. Initially, the funds of the company can be managed by the owner of the company, but as the size of the company grows, the finances of the company become more complex. […]
Dubai has recently announced the introduction of a ‘Virtual Commercial License’ in Dubai. This license is the first of its kind, and the possession of this license will allow entrepreneurs and businessmen all around the world to conduct their business in Dubai on a digital platform without any physical presence. About the Virtual Commercial License […]
Starting a business in the UAE is a feasible option for business investors and entrepreneurs. However, it is to be noted that once the business entity gets established, the real challenge is to maintain its existence. Any small move or miscommunication in the internal proceedings might have a drastic impact on the business entity in […]
It is a well-known fact that a business entity needs to undergo the audit process once in the financial year. Now, proceeding ahead alone with the business audit is a crucial task as it involves inspection and scrutiny of multiple scenarios. However, there are chances of error in the internal report that is not well-versed […]
