Jitendra Chartered Accountants Blog

Key Accounting Terms & Concepts Every Entrepreneur Should Know

March 19, 2022

The accounting team of your business quietly does its work taking care of your company’s financial processes, which allows you to focus on your core competencies. Entrepreneurs must be like…

VAT on Sale Or Disposal of Motor Vehicles held as Business Assets in the UAE

VAT Treatment of Sale or Disposal of Motor Vehicles Held as a Business Asset in the UAE

March 19, 2022

Tax/VAT

Most of the businesses in the UAE purchase, rent or lease motor vehicles to be used for business purposes. Such motor vehicles are considered as part of the company’s assets.…

Five Steps Involved in a Risk-Based Technique for Internal Audits

March 12, 2022

Auditing

Companies are increasingly facing different types of risks that affect how they operate. Identifying and managing these risks has become critical in the wake of some high-profile corporate failures in…

How To Decide Frequency of Internal Audits in your Organisation?

March 12, 2022

Auditing

In the corporate world, it takes a huge effort from the management to run the business at full capacity to meet the customer demand. Yet, most business owners perform a…

Top Ways to Improve Your Accounts Payable & Receivables Process

March 12, 2022

Accounting & Bookkeeping

Every business needs to constantly keep track of accounts payable (AP) and accounts receivable (AR) to ensure the organisation’s smooth functioning. These two processes are responsible for keeping track of…

VAT Treatment of Transfer of a Business as Atoning Concern in the UAE

VAT Treatment of Transfer of a Business as a Going Concern in the UAE

March 12, 2022

Tax/VAT

When you sell a business as a Transfer of Going Concern (TOGC) in the UAE, it is not considered as a supply. And hence the sale of the business as…

Top qualities & Skills that Make a Good AML Compliance Office in UAE

Top Qualities that Make a Good AML Compliance Officer

March 5, 2022

Anti-Money Laundering (AML)

Financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE are required to appoint a compliance officer to combat the crime of money laundering and financing of terrorism. Article…

Top Insights for Effectively Account for Inventories

Top Insights For Effectively Accounting For Inventories

March 5, 2022

Accounting & Bookkeeping

Accounting for inventories is critical for companies in the retail sector. Many people often think of on-hand inventory simply as a stock that is yet to be sold. However, one…

VAT On Automotive Sector A List Of Obligations For Car Dealers Service Centres

VAT On Automotive Sector: Major Obligations For Car Dealers, Service Centres

March 5, 2022

Tax/VAT

Supplies made by businesses in the automotive sector are generally subject to VAT in the UAE. Qualified means of transportation such as buses are designed and used for public transportation…

What Are The Major Objectives Of Audits In The UAE

What Are The Major Objectives Of An External Audit

March 5, 2022

Auditing

Not long-ago businesses in Dubai were free to get the bank facilities without being their books of accounts audited. However, things changed in the 1990s when many investors went burst…

Jitendra Chartered Accountants Blog

Key Accounting Terms & Concepts Every Entrepreneur Should Know

VAT Treatment of Sale or Disposal of Motor Vehicles Held as a Business Asset in the UAE

Five Steps Involved in a Risk-Based Technique for Internal Audits

How To Decide Frequency of Internal Audits in your Organisation?

Top Ways to Improve Your Accounts Payable & Receivables Process

VAT Treatment of Transfer of a Business as a Going Concern in the UAE

Top Qualities that Make a Good AML Compliance Officer

Top Insights For Effectively Accounting For Inventories

VAT On Automotive Sector: Major Obligations For Car Dealers, Service Centres

What Are The Major Objectives Of An External Audit

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