Top 5 Business Valuation Methods in 2021
Whenever a business entity is set up, it acquires a certain amount of value. This value is affected by the rise and fall in the life of the business entity. The value can get larger than what it was when...
Is VAT Certificate Mandatory in Dubai?
By the start of 2018, the GCC countries have taken a step forward to open another revenue gate for the nations which ultimately introduced value added tax for the business entities at a rate of 5%. This implementation has been done in...
Top 6 Accounting Requirements for Your Business in 2020
Whenever we hear about accounting, the first thing that pops up in the mind is a balance sheet that depicts business stability and tells you whether a business is making a profit or is incurring a loss. Now, establishing a business...
Ways to Deal with Accountancy Challenges in 2020
The business of accountancy has been growing at a fast pace. We know that by the end of the first quarter in 2019, Brexit will take place that put a great impact on all industries, including accounting. While all industries...
Why You Should Hire a Professional Bookkeeper for Your Company
The term bookkeeping refers to the recording of everyday business transactions that involve sales, purchases, receipts, and payments. Once a business entity gets incorporated, it enters into multiple transactions with multiple stakeholders. Be it a small enterprise or a multi-national...
VAT Paid on Entertainment Services in the UAE to Be Non-Recoverable
The implementation of VAT charges has become a mandate for the GCC countries at a rate of 5%. The UAE, being one of them, has also implemented the same. As per the UAE VAT Law, most of the tax paid...
List of Popular Free Zones in the UAE
In the past few years, there has been a gradual but noticeable increase in the number of businesses which are being established in countries abroad. This has been possible due to the advancements in technology, increasing globalization and the shrinkage...
VAT to Increase Restaurant Costs in the UAE
With a view of giving birth to a new source of income, the United Arab Emirates (UAE) has taken a decision to implement VAT with a rate of 5%, that saw the light of day on 1st Jan 2018. Although, this...
Know When to Hire an Accountant for an SMB
There are many good reasons for hiring accounting services at various stages for small business. An accountant can make your life easy at every step, may it be from a business plan to the formation of the company or an application for...
Steps for Liquidating a Company in Dubai Silicon Oasis
The birth of a business entity is the execution of the idea that an entrepreneur holds. An international business platform that motivates such ideas to mold into reality is Dubai. Multiple free zones and segments have been built accordingly to...
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