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Results of late Filing /Non Filing of Vat by Businesses

In accordance with the UAE VAT Law, it has become a necessity for every registered company in the country to pay the respective tax returns on a quarterly basis by the 28 of the next month. This opened up a...

May 12, 2021

Importance of Data Analytics for Conducting External Audit

Audit and Assurance

Importance of Data Analytics for Conducting External Audit

Banks, Insurance agencies and retail sector units have been using data analytics for analysis, model and design their industry for almost a decade. Audit firms have also started practising this to analyse and verify smaller audit firms for increasing audit...

May 11, 2021

Accounting Services

How can Accounting Services help in Business Expansion?

After the setting up of a business, the next step for the management should be to expand into new markets and territories. This will allow the company’s products and services to reach new consumers, which will increase the company’s profitability....

May 10, 2021

Latest Change in FTA Penalty and Discounts

News

Latest Change in FTA Penalty and Discounts

The Federal Tax Authority has issued a new Cabinet Resolution No. 49 for the year 2021, which will replace the provisions stated in Cabinet resolution No. 40 of 2017. Highlight: According to the new Resolution, all the present taxpayers who were...

May 8, 2021

Tax Services

UAE Tax Penalties Reduced

In a much welcome move, the Federal Tax Authority in UAE has announced revisions/reductions in Administrative Penalties applied for VAT non-compliance by issuing a new Cabinet Decision No. 49/2021. This was a much-needed and awaited move from the Tax Authority...

May 7, 2021

Need for Accounting Services during Company Liquidation/Restructuring

Audit and Assurance

Need for Accounting Services during Company Liquidation/Restructuring

Setting up and conducting a business can be a very hectic process. A company needs to follow a number of compliance rules as set by the jurisdiction. Similarly, the businesses also need to follow certain rules and regulations for the liquidation...

May 6, 2021

Capital Asset Scheme for Businesses in the UAE

Tax Services

Capital Asset Scheme for Businesses in the UAE

Capital assets form a huge part of a business. Without capital assets, it is almost impossible for a business to survive. The UAE government recently introduced Value Added Tax (VAT) at a rate of 5%. The UAE VAT law allows...

May 5, 2021

How Can Accounting Help a Company to Stay Afloat and Grow

Accounting Services

How Can Accounting Help a Company to Stay Afloat and Grow

It is challenging for businesses to maintain a healthy cashflow. Amid this pandemic, the global economy is starting to feel the effects of the struggle to keep its business afloat, moreover, grow. Accounting can help your company succeed by providing...

May 3, 2021

News

Contents of a UBO register of a Company

The government of the United Arab Emirates passed a resolution which was enacted on the 29th of August 2020, which was titled Cabinet Resolution no 58 concerning the Ultimate beneficial Owner (UBO Law). This cabinet resolution was passed with the...

April 30, 2021

How Can Outsourcing Auditing Services Help in the Growth of the Business?

Audit and Assurance

How Can Outsourcing Auditing Services Help in the Growth of the Business?

Why would a business choose to outsource an audit? Can’t it learn to do it itself? Of course, it can. However, more often than before, companies are choosing to outsource audit functions for the following reasons. Cost of training Audits...

April 29, 2021

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Results of late Filing /Non Filing of Vat by Businesses

Importance of Data Analytics for Conducting External Audit

How can Accounting Services help in Business Expansion?

Latest Change in FTA Penalty and Discounts

UAE Tax Penalties Reduced

Need for Accounting Services during Company Liquidation/Restructuring

Capital Asset Scheme for Businesses in the UAE

How Can Accounting Help a Company to Stay Afloat and Grow

Contents of a UBO register of a Company

How Can Outsourcing Auditing Services Help in the Growth of the Business?

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