Economic Substance Regulations is another compliance requirement from the UAE Government. All business entities in UAE need to notify the government whether their business category falls under ESR. The European Union and Organisation for Economic Co-operation and Development (OECD) insists on having a firm ESR to avoid all forms of tax evasion on a global...
Read MoreDo VAT puzzle you? Here is all you need to Know about VAT in UAE: What is VAT in UAE: VAT was introduced by UAE on first of January 1, 2018. VAT is value added tax which is 5% in general but there are zero rated exempted and out of scope which will be discussed...
Read MoreAre you surprised to hear that GIGO might be applicable to your accounts as well? Did you know the telltale symptoms are: You are working hard but do not have enough cash in your bank accounts. Your financials do not make any sense. Your cashflow is strained with VAT and various other vendor payments. So,...
Read More5 Steps to Build a Strong Habit If you want to build a strong habit here are 5 Steps to build a strong habit: "Every single qualification for success is acquired through habit. People form habits and habits form futures. If you do not deliberately form good habits, then unconsciously you will form bad ones....
Read More5 Stepping Stones to Stronger Accounting: My Business is profitable but I don’t see cash!!!! I don’t know where my is money going despite having great sales!!! Book of Accounts is Greek and Latin to me!!! Are these your challenges? Here are 5 easy stepping stones to be in complete command of your...
Read MoreA company should take care of its financial very well. Taxes should be filed within regular intervals of time to avoid any legal issue. VAT or Value Added Tax return is also known as the tax return is a statement which a person is entitled to submit to authority. The standard VAT returning filing period...
Read MoreRunning a business and managing accounts is a tough task. Also, if you run a small business then it is really tough to make extra expenditure on office space, chairs, tables, lights and accounts employees. Why outsource is best? Hence, outsource accounting service for your business is the right idea. It saves your time, energy...
Read MoreVAT! How it All Started? Genesis being World War I in Germany, VAT has gained recognition and its modern shape in the 1950s, after implementation in Ivory Coast, a French Colony. Evolving since then, VAT has now become an integral part of the taxation system of more than 150 countries across the globe. Most organizations...
Read MoreDriven by the 4M’s, being Men, Material, Machinery and MONEY, the entity designs it way ahead. Since the inception of the business comes "n" numbers of undefined jobs and functions for the enterprise. Accounting being a pivotal function becomes vulnerable if not adequately monitored. A dedicated team of professionals enable statute compliant accounting and preparation...
Read MoreAccounting is a systematic process of identifying, recording, measuring, classifying, verifying, summarising, interpreting and communicating financial information. Accounting provides information on the resources available in the firm, the means employed to finance those resources and the results achieved through their use. Though termed and categorized as to a finance function, accounting assists all material facets...
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