Jitendra Chartered Accountants Blog

UAE Cancels ESR Reporting Requirements for Entities

October 18, 2024

The UAE has introduced key changes to the country’s Economic Substance Regulations (ESR) by releasing the Cabinet of Ministers Decision No. (98) of 2024, which amends the Decision No. (57)…

A Guide to Choosing the Best Audit firm in 2024

October 10, 2024

Auditing

Conducting an audit is beneficial for UAE businesses to ensure their financial records and statements are accurate and comply with the regulations. Investors, regulatory authorities, stakeholders, banks and shareholders rely…

How to Liquidate Mainland Companies in Dubai?

October 8, 2024

Liquidation

No matter what type of business you own, you must follow certain steps and requirements to liquidate your company in Dubai. Voluntary liquidation of a Dubai Mainland Limited Liability Company…

Top Red Flags that Indicate you must Outsource Accounting Firms in Dubai

September 28, 2024

Accounting & Bookkeeping

Entrepreneurs juggling multiple tasks in their startups or SMEs may fail to detect whether their accounting is at risk. Hiring an in-house accountant may not be challenging for small businesses…

How Automation is Simplifying Accounting in 2024

September 16, 2024

Accounting & Bookkeeping

Accounting is a critical process that determines the life of a company in the UAE. Outsourcing the accounting process to accounting firms is essential for UAE businesses as they ensure…

An Accounting Firm’s guide to Profit and Loss Statements

September 11, 2024

Accounting & Bookkeeping

Business owners can successfully run a company by outsourcing their accounting requirements to leading accounting firms in Dubai. However, it is ideal for an entrepreneur to be familiarized with basic…

Targeted Financial Sanctions in UAE: Challenges of Sanction Screening

September 2, 2024

Anti-Money Laundering (AML)

Ensuring compliance with Targeted Financial Sanctions (TFS) requirements in the UAE is critical for financial institutions and Designated non-Financial Businesses & Professions (DNFBPs). However, the sanctions landscape is a minefield…

Despite this status, many small businesses and startups struggle for finance and to grow as they don’t realise how important it is to have an auditors in Dubai. Many of them conduct annual financial audits in Dubai either to meet a compliance requirement or at the request of a lender.

Top Reasons Small Businesses and Startups need Auditors

September 2, 2024

Auditing

SMEs account for nearly 95% of all companies operating in Dubai, contributing to around 42% of the emirate’s GDP. That makes SMEs the backbone of Dubai’s business landscape. Despite this…

AML in UAE: Regulatory Impact on Financial Sector

August 24, 2024

Anti-Money Laundering (AML)

The UAE has shown a strong commitment to combat crimes related to money laundering and financing of terrorism (ML-FT) by enacting robust regulations. The Federal Decree-Law No. 20/2018 Anti-Money Laundering…

The Key Stages of Money Laundering and Ways to Combat it

August 19, 2024

Anti-Money Laundering (AML)

The UAE has a strong law and framework to combat the menace of money laundering and financing of terrorism (ML/FT). The UAE’s Anti-Money Laundering (AML) law and related regulations require…

Jitendra Chartered Accountants Blog

UAE Cancels ESR Reporting Requirements for Entities

A Guide to Choosing the Best Audit firm in 2024

How to Liquidate Mainland Companies in Dubai?

Top Red Flags that Indicate you must Outsource Accounting Firms in Dubai

How Automation is Simplifying Accounting in 2024

An Accounting Firm’s guide to Profit and Loss Statements

Targeted Financial Sanctions in UAE: Challenges of Sanction Screening

Top Reasons Small Businesses and Startups need Auditors

AML in UAE: Regulatory Impact on Financial Sector

The Key Stages of Money Laundering and Ways to Combat it

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