In UAE, according to the Federal Law No 2 of 2015 on Commercial Companies and the UAE VAT law and relevant free zone laws, it is mandatory for the companies to maintain the books of accounts for at least 5 years. Maintaining proper books of accounts is compulsory in the UAE and any violations will … Read more
Federal tax authority has relieved businesses by reducing penalties to facilitate them in filing an accurate tax returns by June 27, 2021. Cabinet Resolution No. (49) of 2021 revises administrative penalties imposed for violations of tax laws. Among the changes to the penalty regime are the following: The late-payment penalty has been revised to be … Read more
Around the world men tend to participate in labor markets more frequently than women According to the statistics, female labor force participation rate of the world is 47.66 per cent while the male labor force participation rate is 74.7 per cent Overall, the global gender gap in labor force participation stood at 27 per cent. … Read more
We all come into business to earn money. Our primary goal, when starting a business is scaling up and providing job opportunities to the world and fulfill our personal goals yet, if we were to really think about it, we would notice that in reality, it all boils down to money. We work hard, we … Read more
As today, 5th of June, we celebrate the World Environment Day it is important to fulfill our responsibility to the environment as well. So lets get some idea about the Environmentally preferable purchasing as a baby step to be more environmental in our businesses. Environmentally preferable purchasing [EPP] or responsible purchasing is a process which … Read more
Risk management is a process in which businesses identify, assess and treat risks that could potentially affect their business operations. Risk management is consisted with the identification, analysis, and response to risk factors that form part of the life of a business. Effective risk management means attempting to control future outcomes by acting proactively rather … Read more
Dubai is one of the famous places to start up a business in today’s world. Dubai benefits from a strategic location at the heart of the Middle East, perfectly placed to conduct business with every corner of the globe. Country’s state-of-the-art infrastructure make it one of the most prestigious business hubs in the world. UAE … Read more
We are in a period where sustainability is very crucial to the world. With the covid 19 pandemic everyone is talking about how we should get ahead after this pandemic and we constantly hear the word, ‘new normal”. According to the experts, post-pandemic, we need to build back better, and sustainability will be the key … Read more
Every business is vulnerable to fraud. That’s largely because there are so many different kinds of fraud that you don’t think will take place. Globally, organizations lose an estimated 5% of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners. It’s an employer’s worst nightmare, an employee is dissatisfied with … Read more
Zoho Books is a very user-friendly app that will help you manage your everyday business finance needs efficiently and effectively. This is a little guide on how to migrate from wave to zoho without any complication. This conversion process is for the current customers of Wave who wish to move to Zoho Books outside the … Read more
