What is Accounting & Bookkeeping?
Bookkeeping is essential for business owners to maintain accurate financial records and make sound business decisions. Poor accounting is one of the leading causes of business failure. Without bookkeeping, businesses cannot effectively manage their finances. The best way to avoid common bookkeeping mistakes is to hire a certified bookkeeper. A…
Accounting in Business
The role of accounting in business is essential for achieving financial stability in the UAE. Accounting involves recording, classifying, and analyzing financial transactions to help businesses make informed decisions. Accounting is especially important in the UAE as it helps businesses to maintain their financial stability, allowing them to reach their goals and…
Due diligence in UAE business transactions
If you are a business owner planning to merge or acquire another company, due diligence services are essential. It involves a systematic analysis of all business dealings to reduce risks and ensure good returns, especially for costly transactions. The service also helps collect and review relevant information as the…
Strategies for Tax Planning in UAE
The UAE is increasing in popularity among holding companies looking to optimise their tax planning methods. One of the UAE's main advantages is that there are no withholding taxes on profits, interest, or royalties. This makes it an attractive choice for holding businesses that may receive revenue from subsidiaries…
Overview of accounting tax regulation in UAE
The UAE has a relatively simple and straightforward taxation system, with no personal income tax and a flat corporate tax rate of 50%. However, there are still a number of taxes that businesses must be aware of, such as Value Added Tax (VAT), excise tax, and custom duties.…
Why businesses in UAE should outsource their accounting services
Outsourcing accounting services in UAE-based firm provide numerous benefits for businesses, including cost savings, improved accuracy, increased efficiency, and compliance with UAE regulations. We will examine the benefits of using outsourced accounting services in-depth and explain why doing so can be a wise choice for businesses…