Taxes are significant for a country. The revenue from taxes is a continues source of funds which are utilised in the growth and development of the country. Thus, a country needs to periodically conduct a tax audit for the various businesses in the business environment. The tax audit will help the government to understand if […]
The growth of business also means growth in the number of employees, and as the count of the employees’ increases so does the complexity of managing the precision and the timeliness of payroll. Now, this management of payroll can be done internally, or you can outsource the payroll services to a reputed third party. This […]
The survival and the future of a business depend on the decisions taken by the management. To make informed decisions, the administration would need to have access to the correct and simplified facts and figures which could be attained with the help of proper business and financial analyst such as a CFO or Chief Financial […]
The United Arab Emirates is gradually transforming into a very attractive location for budding entrepreneurs and businesspeople to set up their business. The various benefits such as quick and easy business formation, tax-free regulations, business-friendly environment, etc. provide a very lucrative opportunity for them to pass. This has resulted in an upsurge in the number […]
The foremost purpose of a business is to maximize the profits for its shareholders’ while fulfilling its corporate social responsibility. In the long run, it is possible that these profits start to reduce and the company requires a complete review of its overall workings. This comprehensive assessment would be done by a third party and […]
The professions of an Accountant and an Auditor are very similar to each other, and the terms are often used in place of one another. Both the accountant and the auditor require the basic knowledge of accounting and bookkeeping and need analytical and computational skills. This causes people to confuse between the two and use these terms instead of […]
Accounting and bookkeeping of a company is the function which does not give any visible profit, but if not done correctly can reduce the whole business to rubbles in no time. All the business accounts should be kept properly as if they are ready to use, regardless of the business type. Especially in Dubai where […]
Freelancing is very beneficial as it provides an opportunity to earn without joining any organisation and thus has become a favourite choice among people of UAE. However, they now have to take into account the recent introduction of the Value Added Tax. The VAT in UAE was introduced on 1st January 2018 and has brought new […]
An audit process is one essential that any business entity can’t ignore. Conducting the audit process in the company highlights the high and low domains of a company. It helps the business owners, investors to get a gist of what’s going right and wrong in the company premises. During the audit process, an external auditor […]
Taking a debt is a good option for increasing the amount of liquidity in hand, but too much of debt can cause many problems to the business. The basic concept of debt or loan is that you can get a certain amount of funds which have to be repaid after a specified date after adding […]
