Blogs
4 Things To Look For As You Hire A Tax Consulting Company
October 18th, 2024As businesses continue to flourish in diverse sectors, company owners are looking for professional help in order to increase their success rates. Dubai is a fast-developing city. In 2017, they had an overall growth of 2.8% which has been increased by 1% in the span of 8 months. This not only increases capital inflow from other countries but increas...
Find Out Three Excellent Benefits Of Hiring A Bookkeeper
October 18th, 2024Owning a business and running a successful business are two separate things. You might probably have huge amounts of capital investments, but are you looking for ways through which you can increase your revenues as well? Well, this could be an excellent opportunity to hire a professional bookkeeper. In order for your business to thrive, it is essen...
Impact Of VAT On Business Corporations
October 18th, 2024It is almost nine months since VAT has been implemented in UAE. Many business corporations are gradually feeling and facing its effects on diverse intensities. While many companies have settled in smoothly, numerous business owners continue to feel the pressure. In fact, there are several companies who are facing the consequences of a hasty registr...
VAT Penalties And Its Legal Actions
October 18th, 2024Assuming that you have had a conversation regarding VAT penalties with your accountant, you might feel as though all your options have been completely exhausted. This is where you probably require some additional assistance in understanding VAT penalties and how they can be avoided. This blog will give you an insight into what is VAT penalty,...
Professional Accounting Services To Help Your Business
October 18th, 2024Running a business needs hard work and dedication. As a self-employed contractor or a big business owner, you will be doing and managing a wide array of roles in your day to day business. There are often times when you fail to notice the need for a skilled professional to do a particular task which causes monetary loss. Financial management,...
Understanding UAE’s VAT Laws Better
October 18th, 2024Value Added Tax (VAT) was introduced in the United Arab Emirates at a rate of 5 percent in January 2018. This government decree was bought in to provide UAE with a new source of income, that will be used to provide better public services. The main agenda behind this move is to help the United Arab Emirates government to move towards its aim of redu...
Good Bookkeeping Practices For Your Business
October 18th, 2024Bookkeeping is the process of keeping track of all your money coming in and out and flows within your business. Having a chronological record of all the transactions like credit/debit transactions, a record of the assets/liabilities held by your business, and reports of income, expenses, and sales all come under bookkeeping services.Bookkeeping ess...
How Much Do You Know About Standard VAT Accounting Scheme?
October 18th, 2024With the introduction of VAT in UAE in Jan of 2018, there is a 5 percent tax levied on all goods and services that are not VAT exempt. Companies dealing with the said goods and services needed to register themselves under the law. With VAT part of all the financial transactions for any company, it is important to learn more about VAT Accounting Sch...
Tips To Survive An External Audit
October 18th, 2024Whether your company is a recent establishment or a really old one, regular audits are necessary to keep your organization’s accounts updated and in compliance with the laws. The process provides third-party assurance to the stakeholders that the company’s financial statements are in an order allowing them to evaluate and improve risk management, c...
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