Seven Ways to Pull Your Small Business out of a Cash Crunch
Entrepreneurs may see their business slowing down even if they work around the clock. Cash flow issues may hit every business at some point, no matter how hard you work.…
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A Guide to VAT Implication on Residential Real Estate Sector in the UAE
The UAE introduced Value Added Tax (VAT) in 2018 with great impact on a wide range of sectors including the real estate industry. However, you need to understand how the…
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An Auditor’s Guide To Top Five Internal Control Challenges Faced by SME
You may think that only big companies find it challenging to combat internal fraud as they have thousands of employees in multiple offices. However, SMEs also struggle when it comes…
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Facing Audit for the First Time in Dubai? Be Prepared with this Checklist
Dealing with external auditors can be challenging for an accountant especially if he is not prepared and done the homework. Also, preparing for the first-time audits will be a daunting task,…
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Key Accounting Terms & Concepts Every Entrepreneur Should Know
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…
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VAT Treatment of Sale or Disposal of Motor Vehicles Held as a Business Asset in the UAE
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.…
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Five Steps Involved in a Risk-Based Technique for Internal Audits
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…
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How To Decide Frequency of Internal Audits in your Organisation?
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…
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Top Ways to Improve Your Accounts Payable & Receivables Process
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…
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VAT Treatment of Transfer of a Business as a Going Concern in the UAE
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…
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