A business entity is entitled to pay tax at the end of the financial year. The region of UAE has implemented the concept of VAT on 1st Jan 2018, wherein the business entities are entitled to pay the VAT at 5 percent. Now, many at times it becomes difficult for the business entities to cope up […]
The term Accounting will be known to all the businessmen and entrepreneurs. It is one of the most basic function which a business needs to perform. Accounting not only helps the day to day business activities but also assist in service which will be performed in the future. Every business needs to maintain its books […]
The process of Accounting can be very monotonous and tedious work. Still, in the present world scenario, it is one of the most critical functions which a business needs to perform to ensure its survival. A business needs to keep a close eye on the expenditure made by the company, and the function of accounting […]
There has been a visible increase in the number of businesses all over the world. The United Arab Emirates is no stranger to the gradual rise in the businesses coming into the country. All the businesses are required to adhere to certain accounting standards while preparing the necessary financial documents of the company. There are […]
The implementation of the Value Added Tax in the United Arab Emirates is a reasonably new change, and this change was made to help both the public as well as the business entities. Not only will the VAT reduce the dependency of the country on the oil and hydrocarbon sector, but it will also simplify […]
When a person in business or entrepreneur sets up a company, the primary aim of the person is to generate profits for himself and the stakeholders. It is easier for a business entity to find out if it is gaining profits or is facing losses by maintaining the books of accounts of the company. These […]
The recent implementation of the Value Added Tax in the United Arab Emirates was a brilliant move on the part of the Government of the country. The application of this new tax will not only help the country in getting a new source of the fund but will also assist the company in acquiring new […]
The importance of Accounting function is known to every business person. In today’s scenario, the accounting function has a very big role to play in the financial management of a company. Accounting is one of the most basic functions which is required to be performed by a company. Services such as Accounting and Bookkeeping have […]
Keeping track of all the transactions, financial or any other kind, of the company is very important for it to grow. With the knowledge of every transaction made, the management of the company will be able to predict the outcome of the decision they make on the business front and will also be able to […]
Performing an Audit of the company is looked upon as an obligation and not as an opportunity, but gradually this mind-set of the people is changing. Now, if the company is going into losses or is nor performing as planned, then the first thing that the management performs is an Audit. The Financial Audit of […]
