VAT Return, also known as the Tax return is a statement which a registered person needs to submit to the government authority. VAT Return Filing is a structured documentary statement of income earned, the loss incurred if any, and VAT paid and imposed on the total commodities sold for the specified quarterly or monthly period […]

Value Added Tax or VAT is one of the latest addition to the taxes which will be applicable to the entities in the UAE. VAT will not only help create a financial record for all the business entities in the country but will also assist the economy of the country by creating a separate and […]

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 […]

During the COVID-19 crisis and oil price slump, the UAE are spending tens of billions on supporting their economies, but the scaling back of state projects is counteracting the impact. Due to the downfall of the world economy and global travel disturbances and the lockdown of most public venues, the pain is felt by the tourism, retail, […]

The outbreak of COVID-19 has disrupted the global economic and business environment. It has affected hundreds and thousands of people, and many industries all over the world are looking towards decreased future revenue. There is an increased affinity towards saving the business funds so that the businesses survive the present epidemic and the current employees […]

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 […]

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. […]

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 […]

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 […]

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 […]