Technology is the biggest game-changer of this modern era. The well developed and progressive countries of the world like the United Arab Emirates are making full use of it, in order to stay ahead of other developed and developing countries. Business is one of the most important fields in which the Emiratis are utilizing the latest technological trends and earning profits. It will not be … Continue reading Accounting Trends You Need To Follow In 2020
Audit sounds like a scary word. But about time, businesses realized that these are a blessing in disguise. They have numerous benefits for all kinds of organizations. When you conduct audits in your organization, you are able to identify the issues related to work premises and operations. This identification from an unbiased perspective is crucial for the success of your business. You can get independent … Continue reading A Roadmap For Internal Audit Under FTA
Excise Tax is an indirect tax imposed on the import and manufacturing of excise goods that are to be consumed within the UAE. Excise goods are products that are harmful to human health and the environment. Similarly, VAT is imposed on a wide variety of goods that affects not only the residents but also the tourists. VAT and Excise are both relatively new tax systems … Continue reading VAT and Excise Tax Refund in UAE: Everything You Need to Know
Internal audits are important for forward-looking businesses. Preparing your organization of an audit makes you set the records straight and free of any inaccuracies. It also helps with regulatory compliance and corporate governance. For tech companies, the utility of internal audit is even wider. Technology companies are grappling with an unprecedented level of challenges in today’s fast-paced world. Internal audits can help these companies in … Continue reading The Utility Of Internal Audit: 7 Areas Of Focus In Tech Companies
The Novel Coronavirus has been declared a global pandemic by the World Health Organisation (WHO). The coronavirus cases have reached above 2 million, with more than 140,000 deaths globally as of today, i.e., April 18. Governments all around the world have imposed lockdowns and social distancing measures that are drastically affecting not only small businesses but global economies. If the situation continues, the world will … Continue reading Top 7 Key Risks to Consider by Internal Audit during COVID-19
There is no doubt that accounting is the backbone of every business organization. It has the potential of realizing the growth of the organization as well as causing the risk of survival. The entrepreneurs are often at the brink of facing damages due to not paying enough attention to accounting. In the progress countries like the UAE, hundreds of entrepreneurs establish their organization and fight … Continue reading Common Accounting Mistakes Entrepreneurs Make
Auditing is the most crucial stage of any organization. The process of verification is carried out every year by external government auditors to check if the company is acting in compliance with the latest taxation rules and regulations. The sole purpose of auditing is to ensure validation, credibility, and avoidance of errors. Owing to this fact, the UAE is among those top countries that are … Continue reading Things to consider before choosing an audit firm
External audits are a bit of a hassle when viewed from the eyes of a business owner. If you are one of those business owners, be informed that the hassle is worth it in the long term. It highlights the inefficacies of the practices in your company and provides validation for the results of internal audits and hence work for quality assurance. What is an … Continue reading Why conducting an external audit is worth the hassle for businesses?
Restaurants are huge and wide business chains that are strengthening their roots around the world. The restaurant culture was most common in European countries. If we go two hundred fifty years behind, the first modern restaurant in Paris was opened up. However, the concept of fine eating and dining isn’t alien anymore. The increasing business of restaurants in middle-east and even Asian countries have led … Continue reading Top four reasons to go for an external audit of your restaurant
Boutiques are one of the most flourishing businesses in Dubai. It is a fashion hub, and people from Asian countries frequently visit them for shopping purposes. It would not be wrong to say that they earn handsome profits, which makes them VAT payable business. However, it is not easy to manage the tricky calculations and ensure justified tax payments to the government. The boutique businesses … Continue reading Why is VAT Consultancy Essential for Boutiques in Dubai?