outsourcing Archives - Beyond Numbers

Audit Report Submission deadline for 2022 – Submission of Audited Financial Statement in Compliance with the DDA Private Companies Regulations 2016

October 24, 2022 by Beyond Numbers

In compliance with the private companies’ regulations 2016, all FZLLCs and branch offices are required to prepare and submit their Audited Financial Statement and Annual Return each financial year. Before all companies registered with DDA were required to prepare the report but not to submit it. Now companies are expected to submit their most recent … Read more

Strategies to survive a cash flow crisis

October 2, 2021 by Beyond Numbers

One of the biggest challenges for a business is managing cash flow in the business. If you ever face a cash flow shortage that means more money is flowing out of the business than flowing in to the business. Therefore, a business should be ready to take necessary steps to avoid any crisis that may … Read more

Federal Law No. (2) of 2015 on Commercial Companies with regard to the company formation.

September 11, 2021 by Beyond Numbers

Let’s have some general insights to the Federal Law No. (2) of 2015 on Commercial Companies with regards to the company formation. What is a company? According to the Law a company is a contract whereby two persons or more are obliged to contribute to an economic project aimed to make profit, through providing a … Read more

Tax free Shopping – VAT refunds for tourists in UAE

August 14, 2021 by Beyond Numbers

Dubai is a world-famous destination for tourism and many people visit Dubai for the sole purpose of Shopping. Were you aware that you could claim refund on Vat paid for purchases you made in UAE? Yes, you heard it right. If you are planning to go to Dubai for shopping, here is good news for … Read more

IFRS – The International Financial Reporting Standards

July 17, 2021 by Beyond Numbers

The International Financial Reporting Standards (IFRS) is an international accounting standard that was developed to make recording and organizing the accounting data of a company easier. IFRS allows for a fair representation of the accounting data of the company and also takes care that the business is compliant with the various rules and regulations of the country. … Read more

Accounting Laws in UAE

July 3, 2021 by Beyond Numbers

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

You and your relationship with money

June 12, 2021 by Beyond Numbers

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

Environmentally preferable purchasing [EPP]

June 5, 2021June 5, 2021 by Beyond Numbers

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

May 29, 2021 by Beyond Numbers

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

What is Sustainability Accounting??

August 31, 2023May 8, 2021 by Beyond Numbers

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

Audit Report Submission deadline for 2022 – Submission of Audited Financial Statement in Compliance with the DDA Private Companies Regulations 2016

Strategies to survive a cash flow crisis

Federal Law No. (2) of 2015 on Commercial Companies with regard to the company formation.

Tax free Shopping – VAT refunds for tourists in UAE

IFRS – The International Financial Reporting Standards

Accounting Laws in UAE

You and your relationship with money

Environmentally preferable purchasing [EPP]

Risk management

What is Sustainability Accounting??

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