With the recent application of VAT in UAE, tax groups seem to be a very advantageous option for all businessmen and entrepreneur. It would provide a group of companies the benefit of being considered as a single entity. This would affect the way taxes are applied to the company and will also have a massive […]
Setting up a business can be a very daunting task, but when this task is completed, it is not the end of the road. It is vital for a company that should know its value in the market. This will help the management to understand the current workings of the business and will also allow […]
The Value Added Tax was implemented with a rate of 5% in UAE from 1 January 2018 with an idea to bring in a new source of revenue. Since its implementation, the businessmen are still trying to cope up with the new rules and regulation regarding VAT and are still confused between Zero-Rated VAT and […]
The accounting function in a company is synonymous to the success of the firm. The better the accounts of the company are, the better the chances of growth for the organisation. After setting up a business in UAE, one of the first jobs of the management would be to finalize a way to analyse and […]
Taxes are significant for a country. The revenue from taxes is a continues source of funds which are utilised in the growth and development of the country. Thus, a country needs to periodically conduct a tax audit for the various businesses in the business environment. The tax audit will help the government to understand if […]
The growth of business also means growth in the number of employees, and as the count of the employees’ increases so does the complexity of managing the precision and the timeliness of payroll. Now, this management of payroll can be done internally, or you can outsource the payroll services to a reputed third party. This […]
The survival and the future of a business depend on the decisions taken by the management. To make informed decisions, the administration would need to have access to the correct and simplified facts and figures which could be attained with the help of proper business and financial analyst such as a CFO or Chief Financial […]
The United Arab Emirates is gradually transforming into a very attractive location for budding entrepreneurs and businesspeople to set up their business. The various benefits such as quick and easy business formation, tax-free regulations, business-friendly environment, etc. provide a very lucrative opportunity for them to pass. This has resulted in an upsurge in the number […]
The foremost purpose of a business is to maximize the profits for its shareholders’ while fulfilling its corporate social responsibility. In the long run, it is possible that these profits start to reduce and the company requires a complete review of its overall workings. This comprehensive assessment would be done by a third party and […]
The professions of an Accountant and an Auditor are very similar to each other, and the terms are often used in place of one another. Both the accountant and the auditor require the basic knowledge of accounting and bookkeeping and need analytical and computational skills. This causes people to confuse between the two and use these terms instead of […]
