How Professional Accounting Services Can Help Your Business Survive in COVID-19

How Professional Accounting Services Can Help Your Business Survive in COVID-19

The current pandemic situation spanning across the whole world has affected many businesses, and each and every company is trying to survive. They are finding cost-effective ways in order to pull through this pandemic. In the midst of this pandemic, professional accountants can help your company survive in the following ways. Develop a back-up plan: … Read more

Why Audit Firm is Important for Businesses in the UAE, Dubai

Audit Firm

Audit in Dubai is a vital activity of any information security and compliance program and is a valuable tool for effectively and appropriately controlling risk. The auditing firm in Dubai, UAE that we choose will perform objectively and designed to enhance and mature a company’s business. Also, gives an insight into a company’s policies, procedures … Read more

Importance of VAT in UAE

Importance-of-VAT-in-DUBAI-UAE

Value Added Tax (VAT) is a common indirect tax that is levied by many countries. It is a consumption tax. VAT is levied indirectly on the final consumer for consuming the goods or services. It is meant as target control and it increases in percentage depending on the stage of the goods/production. In the UAE, … Read more

Annual Financial Statement Preparation In Dubai

Annual-Financial-Statement-Preparation-In-Duba-uaei

Dubai based LLC (Limited Liability Companies) should prepare their annual financial statements based on International Financial Reporting Standards (IFRS). Enterprises are expected to prepare and organize an improved audited financial statement each year as per IFRS. In the case of the transitional holding company, consolidation is not necessary. Holding companies prepare their financial statements under … Read more

Auditing for Partnership Business in Dubai

Auditing for Partnership Business in Dubai

There are familiar cases of disputes between partners of firms leading to loss. Auditing is a mandatory note with different advantages. Today most firms include auditing in their Partnership deeds. Most partnership businesses are audited taking into account the interests of partners. Disputes between partners of a firm risks the financial investments thereby risking the … Read more

Ways to set up the Financial Strategies in Dubai

Ways to set up the Financial Strategies in Dubai

The financial strategy of the company requires planning, budgeting and forecasting usage more suitably. While the three terms are inter-linked and emphasizes building a financial road-map for your business, they are not at all the same. Let’s explore what these terms significantly mean with their similarities and differences between them. Strategize the plan The first … Read more