In the early stage of your business, it is not necessary to have an accountant in your business. Many business owners are capable enough to move forward without an accountant up to certain point. If you can handle a basic accounting software and have some knowledge about taxes you will be good to go in...
Read MoreBeing a business owner does not necessarily make you understand the accounting. You did not start your business to be an accountant of course. But having understanding about the basic accounting will be an advantage for you to make informative and accurate decisions about your business. In the long run it will help you to...
Read MoreBusiness valuation is the process & procedures used to establish the economic value of a business. There are multiple reasons for the requirement of business valuation. The major reasons for business valuation are: Establish the price of the business in order to sale it due to retirement, health etc. Requirement for funds to expand the...
Read MoreStarting a business is not easy as one has to take care of everything their own from setting up the business to hiring people to attracting customers for their business. Accounting is one of the major factors that must be given priority when starting a business. After all it is the way that...
Read MoreBenefits of having Registered Auditors: It is essential today to understand the financial numbers of the business. These financial numbers can be obtained by performing audits in a company. An audit helps to find out various loopholes of the company through a thorough inspection of the book of accounts. Registered Auditor A person or group...
Read MoreAccounting is a critical factor for the business. Having the touch of IT can enhance the speed and accuracy of computations and enhance its flexibility to change and safe storage of information. Web hosting off-site or called the cloud, is the latest with accounting applications. Let us know more about what Cloud Accounting is, Cloud...
Read MoreHow to Recover VAT on Business Expenses in UAE: VAT applies to business n the UAE provided that certain conditions are met. All business in the UAE will need to record their financial transaction in order to ensure that their financial records are accurate and up to date. Also, they have required keeping into consideration...
Read MoreAccounting Challenges Faced by Corporates: All Corporates are faced with many challenges due to their peculiar nature. The survival of Corporates depends on effective communication of its accounting language. For this reason, it is important to face and adequately prepare them so that the effort will yield positive results. The following are some of the...
Read MoreVAT return filing law According to the UAE VAT law, every VAT registered company needs file and pay their VAT returns quarterly by the 28th of the subsequent month. In case the due occurs on a Friday or Saturday, it is moved on to the next working day. A little more explanation here. If the...
Read MoreThe refund scheme for the calendar year started from March 2020, for any foreign business. The foreign company must assess whether they fall under the criteria. If they do, they can submit an application to the FTA on a claim form for any foreign business-related UAE VAT incurred in the relevant periods before the set...
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