An Auditor’s Guide on Why You Must Conduct a Business Valuation
Most business owners know their business from A to Z. However, many of them are unaware of the true value of their company in the market. Understanding your company’s real…
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UAE Corporate Tax: Why Audits and Maintaining Books of Accounts Are Critical
Companies in the UAE are required to maintain their books of accounts as per the UAE VAT Law and the regulations of certain free zone authorities. However, there are many…
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AML in the UAE: The Role of Financial Intelligence Units
The UAE established the Financial Intelligence Unit (FIU) as an independent authority for investigating financial crimes, frauds and suspicious transactions. Even though established in 1998, the FIU assumed its current…
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Everything You Must Know About Foreign Branch Profit Exemption
As the UAE corporate tax is proposed to take effect from June 1st, 2023, companies need to analyse the potential impact of the tax on their business earnings. UAE businesses…
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Critical Accounting Challenges Faced by E-Commerce Firms in 2022
When it comes to financial management and accounting, every industry has its pros and cons. However, the e-commerce industry faces some unique challenges and most online sellers are not equipped…
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What Role Audit Firms Can Play in the Growth of Startups in 2022?
Most startup owners in Dubai dislike carrying out an annual audit and view it as a ‘necessary evil’, a regulatory compulsion or an unnecessary overhead. However, they fail to realise…
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AML Compliance in UAE: An Overview of Risks Posed by PEPs
Carrying out screening for Politically Exposed Persons (PEPs) is mandatory for you to ensure compliance with Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws in the UAE. The Cabinet…
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Five Accounting Habits Small Business Owners Should Pick Up
Small business owners think they are on top of their finances if they can promptly pay their bills every month, cover all the expenses, and pay themselves and their employees…
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UAE Corporate Tax: Everything You Must Know About Tax Credits
Businesses need to understand how can they claim foreign tax credits since the UAE corporate tax is set to become effective from June 1st 2023. Corporate tax consultants in Dubai can help…
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Tips for UAE Businesses to Avoid Hefty VAT Penalties
Ensuring VAT compliance in the UAE as per relevant tax laws and regulations is essential for the smooth functioning of your business. The Federal Tax Authority (FTA) will impose hefty…
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