Learn about the Different Types of Audits in Dubai, UAE
As an entrepreneur in Dubai, getting accounts audited every year is important for you as it ensures that your company’s records are in order and reliable. During an audit, auditors…
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How Dealers of Precious Metals are Exposed to the Risk of Money Laundering?
The Cabinet Decision No. (10) of 2019 on Anti-Money Laundering and Combating the Financing of Terrorism identify dealers in precious metals and precious stones (DPMS) as Designated Non-Financial Business and…
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Why Do You Need an Accounting Firm’s Help While Selling a Business in Dubai?
Having a robust exit strategy is an essential aspect of doing business in Dubai. Selling a business is one of the most commonly used exit strategies among entrepreneurs. The reasons…
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Essential ESR Notification Guide For Licensees & Exempted Licensees
Who has thought that businesses operating in the UAE will have to worry about the deadlines for filing the returns? Once upon a time the UAE popularly known as a…
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Six Common Cashflow Risks SME & Startup Owners should be Wary of
Keeping a healthy cash flow is essential for SME and startup owners who aim to make a profit out of their businesses in Dubai. Whether you are starting a new…
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Accounting Advise For UAE Startups To Reduce Costs and Boost Profits
‘Doing more with less’ has become the mantra of startups and SMEs across the world in the post-pandemic era. Even the businesses that have not come under the reel of…
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Received Penalties For No-Submission Of ESR Report? File An Appeal
Licensees and exempted licensees are required to file the Economic Substance Notification for the financial year ended 31st December 2020 on or before 30 June 2021. The companies need to assess…
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UAE Updates VAT Refund Guidance for Business Visitors: What’s in it for You?
Foreign businesses are allowed to claim VAT refund in the UAE subject to terms and conditions laid out by the Federal Tax Authority (FTA). The FTA recently issued guidelines revising…
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The Role Of The Financial Statements For SMEs in Dubai in Uncertain Times
Though people say Dubai is a tax haven or there are no taxes. True but very few people realise the fixed administrative cost is very high. Hence keeping watch on…
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An Essential Guide To Conduct An Internal Audit In Your UAE Organisation
Performing consistent internal audits is essential for businesses to accomplish their corporate objectives by analysing the efficacy and consistency of their best practices. Unlike an external audit, an internal audit…
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