Keeping your employees happy is very important as your company will achieve more productivity with a happy worker. Moreover, a worker will be satisfied when he or she receives the remunerations on time. In case a worker is not paid on the correct time or is paid the wrong amount, the worker will be very […]
What is Tax Registration/Identification Number & How to Apply for TRN in UAE
The world is drifting through innovation and most entrepreneurs have already set up their own businesses in the UAE. As a patriot or a businessman conducting business in UAE, one has the responsibility to adhere to the tax laws and regulations of that state by taking a tax registration number. Are you an entrepreneur yourself? […]
COVID 19 Challenges- Outsource your Internal Audit Functions and Save Cost
The importance of conducting an Audit is known to every business. Whenever we think about streamlining all the business processes and optimizing the entire business, we believe of Audit. It is the first thing that comes to mind the management for conducting scrutiny to know the actual financial situation of the company. However, in the […]
Impact of VAT on Businesses of UAE
Value Added Tax or VAT for short is a straightforward concept in theory, but when practically applied, it can have a profound effect on a business. In a layman’s language, VAT can be defined as a consumption tax which is levied on a product whenever a value is added to it in the supply chain. […]
Why is it Important to reduce cost by Outsourcing your Bookkeeping Services?
In these times of peril, a business needs to exercise restraint, especially in matters of cost. Half of the world is currently in their homes, and the business activities all over the world have been severely hampered. Even if the businesses around the globe have taken a hit due to COVID-19, all the companies need to […]
UAE Federal Law on FDI: Providing 100% Ownerships and other assorted Benefits
Foreign Direct Investment or FDI plays a huge role in the development of the economy of a country. It can be defined as being the amount of fund invested by an entity (either a corporate or an individual) located in one country into a business which is established and conducting its business in a different […]
DIFC Registers 100+ Fin-Tech Firms
The Dubai International Financial Centre better known as DIFC has established itself as an essential hub in the region for conducting financial activities. Due to the various steps taken by the government, this area has also become one of the most sought after place for setting up a business, especially one dealing with finance. Companies […]
DMCC Opens its Doors for Mainland Business
There are a number of free zones in the United Arab Emirates. These free zone not only provide particular locations for the establishment and working of various industries but also assist them in their growth and development so that they can reach their maximum potential. One of the most significant free zones is the Dubai Multi […]
COVID 19 Impact: Internal Accountant Vs. Outsourced Accountants
Every business requires accounting services to properly plan the future of the business and also to know the present situation of the undertaking. Accountants play a very vital role, especially now, in the growth and development of a business. In the current testing environment, an accountant will help in gathering analysis of the financial data […]
What are the Steps to Create an Effective Record Management Keeping?
Records are essential components of every organisation. Business transactions and processes result in reports, contracts, and document files. Invoices, presentations, receipts, memos, and letters are all too familiar in a business environment. Without a doubt, records are a huge part of the corporate life preserving these records one of the building blocks for a see-through […]