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Reasons why hiring an accountant can avoid bankruptcy

1. Trustworthy & Reliable Service An accounting firm with practical accounting experience that you might be missing is one justification for hiring them for your company. Even if you’ve studied accounting in class or through online video, faults might still occur. Getting an experienced and reputable firm to handle your …

A guide to IFRS Advisory Services in UAE

You must adhere to the highest accounting standards when you expand into overseas markets and handle such significant transactions. IFRS is a universal financial reporting standard that is embraced and accepted by all nations. In order to assure compliance and proper paperwork, the majority of businesses comply to this process. …

7 essential strategies to increase your business revenue in UAE

You should concentrate on your clients, step up your marketing and sales efforts, assess your pricing tactics, and widen your market if you want to enhance your small business’s revenue. There are several tactics small business owners can employ to boost revenues and enhance bottom lines, regardless of their budget. …

How to understand the Comparable Uncontrolled Price (CUP) in UAE

One of the five primary transfer pricing techniques is the comparable uncontrolled price (CUP) method. It’s utilized to make sure that business dealings between connected companies cost about the same as those with unrelated businesses. Traditional transaction methods include the CUP technique. To maintain fair pricing everywhere, it examines the …

What is the new Golden Visa in UAE?

The golden visa was launched by the United Arab Emirates (UAE) in 2019 as a long-term residency scheme to grant professionals 10-year golden access. International investors and the best talent from around the world can obtain visas in Abu Dhabi under the UAE’s Golden Visa program. This covers professionals and …

VAT on transportation services in UAE

UAE or United Arab Emirates is a truly unique global place in this world where tradition and opulence go hand in hand, and that too sometimes synonymously. When opulence goes a long way in the UAE, its transportation services too must bear credibility of this statement. The transportation services and …

What is transfer pricing

United Arab Emirates or UAE or Emirates is the federation of seven Emirates, including Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah, and Ras Al Khaimah. Though taxation in UAE was initially restricted to corporate taxes levied on foreign banks and oil companies, the companies will have to follow the …

How to avoid common accounting problems for your business

Today’s small and medium-sized businesses have access to a wide variety of accounting tools, making it simpler than ever to maintain precise records of where your company’s money is going. Accounting software has simplified bookkeeping and accounting for small firms, but it has also increased the likelihood of errors and …

Things you need to know about Tax Residence Certificate in UAE

What is a UAE Tax Residence Certificate? A Tax Residency Certificate is a legal document that can be used to establish or prove the nation of tax residence. It is issued by the Federal Tax Authority (FTA) of the United Arab Emirates. The certificate has a one-year expiration date after …

A Guide for a better debt management for SMEs in UAE

The success of any firm depends on effective financial management. Without it, a company may be doomed to failure right away. Businesses need to understand how to handle their money effectively in order to safeguard themselves against global crises and other unforeseen catastrophes. This includes managing payments, planning cash flow, …

How to start an online business in Dubai?

The thought of you launching an online business in Dubai is the right choice at the right time with the boom use of technology and the growing online marketplace in the UAE as it is in progress of transforming as a center to grow businesses in Arab world. There’s so …

Why is financial literacy important for small business owners?

What is Financial Literacy? Understanding the financials of your company is the foundation of financial literacy. It requires solid financial education, or knowledge of financial terminologies, ideas, concepts, practices, and assertions. All of the information helps in your understanding of the financial state of your business and the variables that …