Accounting Ethics is highly important in business let us understand why. What is the difference between ethics and law? Simply law can be identified as structured set of rules and regulations created by particular authority such as government or an entity to govern the actions and behavior of its members and it can be enforced … Read more
accounting services
Economic Substance Test in UAE
Is your Company Economic Substance compliant? Did you do a Economic Substance test? We would include a list of questionnaire that will help you to understand whether or not your Company falls under the scope of Economic Substance Regulations in the UAE. For further assitance we at Beyond Numbers are happy to help you. First … Read more
Distribution and Service Centre Business for ESR
A “Distribution and Service Centre” Business for ESR refers to two distinct activities that are covered under one “Relevant Activity” heading. A Licensee is considered engaged in a “Distribution Business” if the Licensee purchases raw materials or finished products from a foreign group company, and distributes those raw materials or finished goods. A Licensee is … Read more
Economic Substance Regulation UAE
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 more
All you need to Know about VAT in UAE
Do 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 more
Is GIGO applicable to your Accounts?
Are 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 more
Why Choosing the Right Accounting Software Can Be a Game Changer?
Accounting 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 … Read more