January 2023

Opening a business is not easy, but when you have decided to start a new company, you first find a proper accountant to keep financial records because the accounts department is the critical factor in your business. The accounting department will not generate revenue for your business but will save you money. A qualified professional […]

Accountancy and bookkeeping are not simple and easy in UAE as before because many changes have been made and new tax laws, including VAT and cooperate tax law, regulated by the Ministry of Finance and Federal Tax Authority, and an Anti-money laundering law has been implemented in UAE under the regulatory on UAE central bank.

General practices in Dubai have no Internal Audit or compliance department to check internal control and supporting documents or proper bills attached with expense vouchers and make sure the company follows policies and procedures. We notice that the company’s purchaser takes money from the accounting department to buy some merchandise for the company or organization,

With the entry of more players, competition in the e-commerce industry in the UAE is becoming more intense, and VAT-related challenges are becoming more critical. Aware of the need to address VAT issues in the e-commerce industry, the Federal Tax Authority (FTA) has come up with a solution in the form of VAT guidance and

Essential thinking about auditing has become an important aspect of modern business practice, with financial fraud statistics increasing by around 49%. Audits help determine the accuracy of a business’s financial reporting and point out gaps in financial matters. An audit essentially provides a “fact-checking” analysis of a company’s financial records. Auditing is an important aspect

Stop assuming that audit is a painful and exhausting interrogation to uncover real or imagined crimes. But this misleading impression ignores the fundamental part internal and external auditors recreate in the business world. These two types of scrutiny are necessary for our capital markets to have integrity, and businesses will operate less efficiently. Auditing in

The UAE is the world’s major trade and business center, linking Asia and Europe. Strategically located between two major markets, the UAE is an ideal transit point for companies conducting global trade. UAE import and export licenses are foreign investors’ most requested license categories. The UAE import and export license fee is AED 24,683 on

Many entrepreneurs start businesses in Dubai due to the favorable business environment and government support. In addition, the emirate is one of the ideal places to start a new business because of its ease of doing business in emerging markets and the high demand for commodities. However, you must have a valid license from the

An audit is a check of financial statements in an organization’s annual report by a person independent of the organization. Financial reports include a balance sheet, income statement, notice of changes in equity, statement of cash flows, and notes, which include an overview of essential accounting policies and other explanatory notes. The primary audit objective