Auditing is one of the most important functions which every business needs to perform and it can become a very important factor in realising if the business is profitable or if there is some problem, either current or potential, to be faced by the business. This is the reason why it is important to have […]
An auditor is an individual who cross-checks the data of business transactions of a company which is prepared in the first instance by the accountant of the company. The auditor then prepares a report which lays down the level of precision of the financial statements presented to him. If the auditor’s findings match the financial […]
The tax system in the UAE has witnessed a considerable change in recent years. At first, the country used to have almost no taxes, but to reduce the dependency of the country on the revenue generated by the oil and gas sector and to better the economy and infrastructure of the country UAE Government decided […]
The emirate of Ras Al Khaimah, better known as RAK, is considered as a hidden gem of the United Arab Emirates. It comprises of all the topographies such the desert, mountains, beaches etc. which makes it a very suitable place for everyone. These topographies have also helped in gradually increase the number of businesses coming […]
During an outbreak of infectious diseases, such as the ongoing COVID-19 outbreak, small business owners must be ready to handle the uncertainty in their business, as well as be prepared to protect the health and safety of their employees. Corona Virus outbreak has affected several small businesses. In activities ranging from functioning to hiring to […]
Everyone knows that the United Arab Emirates has an extremely rich reserve of oil and gas and has a very flourishing hydrocarbon industry. Other than Dubai, UAE is heavily dependent on the oil and gas sector. The UAE has aimed to reduce its dependence on the hydrocarbon sector and is working towards it gradually. They […]
The COVID-19 pandemic wreaked havoc all over the world by itself, but now the after-effects of the virus are gradually getting visible. It is anticipated that the whole world will plunge into a global recession. This will be caused as almost the whole world is currently under lockdown and almost all the business are not […]
Accounting service is a worldwide service that plays a vital role in every industry. Overall accounting can be categorized as a comprehensive and systematic way of analyzing, summarizing and preparing reports based on the transaction, taxation, and regulations. Accounting comprises of many types of accounting such as management accounting, cost accounting and some basic accounting […]
Excise tax is a type of indirect tax that applies to specific goods like tobacco products, caffeinated drinks and also on sugary drinks. Such goods are generally harmful to human health and also to the surrounding environment. These goods are categorized as “excise goods” and the tax applied to it is referred to as the […]
Regulatory compliance is the adherence which an organization has towards the laws, rules, policies and regulations in order to aspire and ensure that the organization is aware of the scenario and follows the rules and regulations of the particular jurisdiction. A lack of regulatory compliance can lead to many unfortunate situations with you and your […]
