Key Accounting Strategies to Consider While Creating Budget for 2021
An eventful year is coming to an end, and the corporate sector is planning its spending for the year ahead. Preparing the corporate budget at the end of the year…
Read More 
Filing ESR in the UAE: The Need to Clear the Air on Ambiguities
Christmas is around the corner, but many companies in the UAE are busy preparing for ESR notifications and reports before the January 31 2021 deadline. The amendment to the previous…
Read More 
An Essential Guide to the Documents Required for a Successful Audit in Dubai
Before an audit process, businesses need to properly organise their documents in compliance with accepted standards. As a business owner, you are required to answer the questions posed by the…
Read More 
A Guide to Excise Tax Reporting Requirements in the UAE Designated Zones
Warehouse operators in designated zones in the UAE are required to comply with a new set of reporting requirements introduced by the Federal Tax Authority (FTA). Warehouse keepers of one…
Read More 
ESR Portal is Live: What UAE Businesses Should Have to do Now?
Businesses in the UAE are now in the last sprint of ESR submissions as the Ministry of Finance (MOF) Portal is lived since 1st December 2020. And the deadline for…
Read More 
FTA Clarifies VAT Obligations of Real Estate Management Entities in Dubai
In a significant update on VAT in the UAE, the Federal Tax Authority (FTA) has issued a public clarification on the VAT obligations of Real Estate Management Entities, which has…
Read More 
Determining Single Composite & Multiple Supplies is Vital in Dealing with VAT in the UAE
Taxable persons in the UAE need to be wary of supplies of goods & services composed of multiple elements combined in a single transaction. When such supplies occur, the taxpayers…
Read More 
Know the Key Role an Accountant Play in the Corporate Organisation
The role played by accountants in ensuring the correct use of funds for the corporate organisation should not be undermined. The Accountant is a major barrier to goal displacement and…
Read More 
Economic Substance Regulations: Are you Prepared for the Updated Rules & Deadlines?
As the UAE is inching towards its goal of attaining economic transparency, investors need to be prepared enough to comply with the regulations. This is especially true in the case…
Read More 
5 Accounting Myths Small Businesses Need to be Aware of
As an entrepreneur, you cannot downplay the role played by accountants in enhancing the growth of your business. If your business is witnessing success, a good part of the credit…
Read More