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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 …

5 key benefits of outsourcing accounting services in Dubai

Benefits of outsourcing accounting services Delegating certain tasks to a business outside of your own in order to gain professional advantages is known as outsourcing. For complex accounting services and financial reporting, accounting outsourcing may be the best option. Mentioned below are some of the benefits of outsourcing accounting services …

How UAE is transforming as a center to grow businesses in Arab world

According to the IMD World Competitiveness Ranking for 2022, the UAE is the most competitive nation in the Arab world. One of the few remaining large, expanding economies that is still tax-free is the United Arab Emirates, which is well-known on a global scale.  Recently, a number of high-net-worth people …

Best case practices for payroll processing in Dubai, UAE

Setting up a payroll procedure in your corporation is a requirement if you run your enterprise worldwide. Even if you may just have a few, many, hundreds, or even thousands of workers in your office, they all need to be paid. Most importantly, they must be paid on time, consistently, …

With the introduction of corporation tax in the UAE, the tax and compliance needs of the vast majority of UAE companies are expected to fundamentally change. Because corporate tax is new to the UAE, firms will need the help of a consultancy with a knowledgeable tax staff. The appropriate assistance …

How to use Analytics to make better decisions for your small business

Data analysis includes assessing a vast amount of information, which is why it is termed “big data.” As a result, choosing the appropriate tools and techniques for your data analytics is really important. Data analytics may provide some limited insight to nontechnical workers.  Additionally, you require more from your data …

Key steps for a financial feasibility study

A financial feasibility study in UAE is a method that you can use to introduce outsiders to your business plan or idea. The research outlines the amount of money required to fund your project, as well as where that money will come from and how it will be used once …

How to do a business valuation in Dubai?

The company’s management strives to increase the company’s value and shareholder wealth at all times. To do that there are a number of models that may be used to determine a company’s valuation. Inputs to these models, on the other hand, are based on judgment, which you will gain via …

What are the major differences between in-house audits and external audits?

The goal of an audit is to determine if the information presented in a financial report accurately reflects an organization’s financial status at a given date. The auditor examines the organization’s financial report in accordance with the government’s auditing standards. Auditors use historical accounting data to forecast an organization’s future. …

How to secure business funding in the UAE

Start-up funding possibilities in the UAE are expanding. Most UAE start-ups have traditionally been bootstrapped or financed by traditional lenders such as banks and financial organizations.  However, business incubators and accelerators have flourished in the UAE in recent years, offering a favorable and cost-effective environment for entrepreneurship. This has resulted …