How a Business Should Maintain its Books of Accounts As Per UAE Law?
It is mandatory for the companies to maintain the books of accounts for at least 5 years in accordance with the Federal Law No 2 of 2015 on Commercial Companies…
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Impact of Coronavirus Outbreak on Auditing Industry
The coronavirus (COVID-19) outbreak has brought disruptions in the global markets and spooked oil as well as non-oil sectors more particularly Tourism, trade, hospitality, retail, logistic and airlines across the…
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9 Accounting Mistakes that Can Kill Your Business
Accountants play a critical role in delivering an accurate financial picture of a company by performing functions like collection, recording, analyzing and presenting the company’s financial operations. However, even with…
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6 Reasons Why Companies Should Outsource Accounting & Bookkeeping Services in UAE
Accounting and bookkeeping are the strongest pillars that help businesses stay afloat and grow amid the highly competitive ecosystem existing in the UAE. Outsourcing to an accounting firm could help…
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How You Can Avoid Double Taxation Using Tax Residency Certificate
In the era of globalization, companies are not only inclined to just invest in their own backyard but are excited to invest globally. Setting up businesses in complex global destinations…
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Evolution of Accounting & Bookkeeping with the Advent of Technology
Accounting and bookkeeping processes have undergone major processes in the recent past. Digitalization has been the major change that transformed the systems of accounting and bookkeeping. However, it is also…
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Why Internal Auditing is Equally Important to SMEs as it is to MNCs?
Every company needs to analyze the efficiency of its practices in a bid to get an overview of the company’s financial status. An unbiased evaluation of the company’s business functions…
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Key Things to Expect from the Internal Auditors’ Meet in Dubai
Auditing is one of the most crucial processes that have a big role in shaping up the growth and reputation of a company. In this regard, the role of auditors…
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Digital Tax Stamps on Tobacco Products in UAE
A New Step In Excise Tax System The Digital Tax Stamp system was introduced in 2019 by the Federal Tax Authority (FTA) of the UAE. The Digital Tax Stamp is…
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Mistakes Committed by SME While Filing for VAT Returns in UAE
The system of Value Added Tax (VAT) is a consumption tax, implemented across over 180 major countries. However, the UAE has been relatively a new entry into this realm as…
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