Taxes are a critical source of revenue for the government of a country and thus are very important, but, the filing of charges can pose a tricky situation in front of the one who is filing taxes. If the taxes...
The business environment is very dynamic and is ever changing its course. This is the reason many businesses are formed but gradually are burnt out. Knowing the value of the company beforehand helps to have an idea as to which aspect of...
The introduction of VAT has been relatively recent, but the impact of VAT in UAE is enormous. The VAT implementation was done at a standard rate of 5% (except certain items which are taxed at 0% or are exempted under...
With the recent application of VAT in UAE, tax groups seem to be a very advantageous option for all businessmen and entrepreneur. It would provide a group of companies the benefit of being considered as a single entity. This would...
Setting up a business can be a very daunting task, but when this task is completed, it is not the end of the road. It is vital for a company that should know its value in the market. This will...
The Value Added Tax was implemented with a rate of 5% in UAE from 1 January 2018 with an idea to bring in a new source of revenue. Since its implementation, the businessmen are still trying to cope up with...
The accounting function in a company is synonymous to the success of the firm. The better the accounts of the company are, the better the chances of growth for the organisation. After setting up a business in UAE, one of...
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...
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...
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...