Tips 101- Best financial practices and hacks for business growth
In the ever-evolving landscape of international taxation, the UAE's Corporate Tax introduces a new dimension. This is a call necessitating strategic planning and adaptation.
On 1st January 2018, the UAE government introduced the new indirect Goods and Services tax -VAT. This was a monumental announcement as the showed how the UAE is moving in a direction to financial strengthen the nation and be at par with the global forces.
VAT is a form of indirect goods and services tax levied that came into effect on 1st January 2018. The introduction was part of the GCC member countries’ effort to lower their dependence on income from oil.
Being in the know of your finances and having it all under control will empower you to carry out your business with confidence. It will also help you avoid pitfalls because your well-kept financial data will give you warnings before things get derailed.
VAT is an indirect goods and services tax that is paid by the consumer as an additional percentage of the total price. Thus, the higher the original price of the product or service, the higher the VAT amount paid.
Filing deadlines can creep up on you. Take a few minutes to save these 2022 tax filing deadlines to your calendar, and stay ahead of the IRS this year.
Once you register for VAT with the FTA, a business is assigned a unique TRN number.
When you start off a business, the founding team plays multiple roles. They become all-rounders doing everything in-house saving the company money and other resources.
Financial statements collectively are documentation of all the transactions in an organization and these together give a picture of the financial status of an organization.
Bookkeeping is integral to any company’s accounting. Bookkeeping entails a bookkeeper to track day to day financial activity and recording the spending and earnings of the company accurately and in detail.
Bookkeeping is the process of documenting and recording all financial transactions in an organization accurately.
A 5-step guide for your business to find the right accountant
The balance sheet is a financial statement that provides a picture of the company’s financial health at a particular point in time.
One of the best things you can do for your business is to build a close relationship with your accountant
There’s a lot that goes into accounting for small businesses, but we can break them down into a few key components
Regardless of a start-up or a long-established organization, finding the right people to work for you is always challenging.
Your very first tax season as a business owner should be well taken care of. Though it might seem like the last of your priorities, you need to be in charge of handling taxes right from the start.
Building a strong foundation is key to how your start-up will move ahead.
Regardless of the size of a business, bookkeeping is integral to its operations. It tracks and records the financial transactions that would then provide insights into how the financial health of a firm is.
Before you start sweating to put together a dream sales team, you should be sure that your product indeed is what the market needs and does indeed cater to it effectively.
While we are exploring the newly introduced Corporate Tax, in the UAE we wish to also present yet another intriguing concept - Tax Groups under this new tax regime.
Transfer pricing rules stand as the fundamental rule in the UAE's Corporate Tax regime, aiming to ensure fairness and transparency in transactions between related parties.
Understanding how your accounting practices translate to tax obligations is crucial for any business. This article delves into the realization basis of accounting and its implications for corporate tax in the UAE..
Understanding the subtlety of taxable income is crucial for navigating the landscape of Corporate Tax in the UAE.
Artificial Intelligence (AI) is being used more and more across different industries, offering ways to improve processes and outcomes. But along with its benefits, there are worries about ethics and whether it might replace human jobs.
In the realm of corpoive to minimize thrate tax planning in the UAE, trusts and family foundations offer a unique set of opportunities and challenges.
In the present tech world, two models of software have emerged as prominent players: SWAS (Software with a Service) and SAAS (Software as a Service)
Understanding the implications of Corporate Tax in the UAE is essential for investors, fund managers, and other stakeholders involved in the investment fund industry.
A Participating Interest is defined as a significant, long-term ownership interest in a juridical person that suggests some degree of control or influence over the Participation and that meets the certain conditions.
In the bustling entrepreneurial landscape of the United Arab Emirates (UAE), startups and entrepreneurs are constantly navigating the complexities of business operations. In the challenges they face, one critical aspect often overlooked is bookkeeping.
In today's digital age, businesses are increasingly turning to cloud-based solutions to streamline their operations. One such area that has seen significant transformation is bookkeeping.
Starting a small business in the UAE is exciting but tough. Bookkeeping is like keeping a diary of your business’s money matters. It helps you track what you owe, what others owe you, your investments, and the profits you make.
The United Arab Emirates (UAE) offers a dynamic business environment, particularly through its Free Zones, which provide numerous benefits to companies operating within their borders.
Understanding the intricacies of taxation is crucial for every entity in the UAE. Partnerships, whether incorporated or unincorporated, face unique tax treatments that can significantly impact their financial management
Starting a business is an exciting venture filled with opportunities and challenges. One of the most critical aspects of managing a startup is handling taxes efficiently.
When it comes to taxation, understanding the concept of state-sourced income is crucial, especially for non-resident persons and entities operating within the UAE.
Starting a business is an exhilarating journey filled with both challenges and rewards. One of the crucial aspects of this is securing seed funding. This initial capital injection is essential for transforming an innovative idea into a viable business
The digital age has brought about significant changes in the startup ecosystem. Traditional business models are being disrupted by digital innovations, leading to the rise of tech-driven startups.
Business restructuring plays a crucial role in the economic landscape, enabling companies to streamline operations, enhance efficiency, and drive growth.
