We are living for world-class public services and look to the government for them. But because the road to hell is paved with good intentions, the government in most countries takes the lion’s share of their people’s income in the form of taxes. But UAE is surely not one of them because VAT in UAE is at
When you are in business, every dime counts, so if you don’t know where you stand on a monthly basis, pardon my French, you may have to pack up at the end of the year. Although DIY accounting software like Zoho can help keep track of costs and expenses, the benefits of hiring a good accounting
Money has no permanent address. It keeps moving! It’s you who is accountable for documenting somewhere, where it comes from and where it is going to take big, small decisions in life. Bookkeeping is the name of the game or can we say habit! Accounting and bookkeeping are methods of measuring, documenting, and presenting financial information for
Are you in the Retail Business? You and we both understand that accounting for retail business is crucial. However, it is important to note that accounting for online retail businesses has various benefits as well. It helps us see where we spend the most, how we can cut some costs, and how best to deploy
Humans are the only species that pay to live on this earth. Let’s face it! We all need green to live on the planet blue! But to enjoy life to the core and take a deep plunge into the pool of luxury, we require lots of water named money! And we all know making this much money
The first thing that comes to mind when starting a business is, obviously, capital. Every business needs capital to initiate, but once the business starts to run, you may need more services to invest in, more manpower to manage everything properly, to invest in assets and so on, but all these things need planning or
Every business walks on the road of growth. Eventually, what makes their company grow is their ability to keep a balance of work, follow the process, and deliver top-notch work. However, compiling everything and large amounts of work may be difficult and cause problems. Especially when you are handling critical work like accounting. Hence, to
There are several forms of liquidation in business. It could be an involuntary, forced, or consensual liquidation. In business law, finance, and economics, the term ‘liquidation’ is frequently used to refer to the process of winding up a firm. It takes place when a business is unable to pay its creditors for its obligations. The
Whether you are a business individual or public in UAE, it is important to be aware of excise tax in UAE. This tax is applied to specific products and services, and it is important to understand what is taxable and what is not. We will present an outline of UAE excise tax in this blogpost
In order to ensure that your Dubai Development Authority or DDA audit checklist is complete and accurate, we have put together a checklist of items that must be included. The Dubai Development Authority (DDA) is an organisation responsible for planning and executing initiatives that support the Emirate’s economic growth and diversification. Some of the key areas that the DDA
Owning a business brings you a lot of additional responsibilities and eventually to smoothly increase your business you should know why outsource accounting services can be critical to the success of your business, because they can be time-consuming and frustrating to manage on your own. By outsourcing these services to a professional provider, you can rest assured
VAT in the UAE came into existence on 1 January 2018. Since then, the Decree-Law has seen changes until September 26, 2022, when His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE President & Abu Dhabi Ruler, released the Federal Decree-Law No.18 of 2022, with amendments to some provisions of the Federal Decree-Law No. 8 of
