How Does Audit Management Letter Help to Improve Your Business?
During an annual external audit process, the focus of the business owners normally falls on the annual report and the accounts. The audit report is crucial as it contains the…
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Challenge FTA’s Decisions: Submit VAT Reconsideration Form in the UAE
Business owners are required to have sound knowledge about the VAT/tax laws in the UAE as a failure to comply with the rules and regulations will attract hefty penalties. In…
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Why it is Crucial for You to Know the Financial Health of Your Business?
The skill to accurately assess the financial health of the company is a critical skill every entrepreneur or manager should master while doing business in Dubai. Getting a clear picture…
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An Essential Guide for Reverse Charge Mechanism Under VAT in the UAE
Understanding the reverse charge mechanism is crucial for businesses that are engaged in importing goods into the UAE as the provision starkly differs from other clauses in the UAE VAT…
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Five Accounting Principles Every Entrepreneur in Dubai Needs to Know
An entrepreneur’s relationship with his company is analogous to that of a captain to his ship. Like the captain controls the ship and its crew, the entrepreneurs should steer every…
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Five Qualities to Look For While Hiring Auditors in Dubai
The process of audit is no longer being viewed merely as a legal compulsion across the world. By providing a true and fair opinion on the books of accounts of…
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Seven Tips from Chartered Accountants in Dubai for Start-ups to Keep Company Financials in Order
Most companies in the UAE consider the need to maintain the books of accounts mostly as a legal compulsion. This is because the companies are required to maintain books of…
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UAE ESR: CIGAs Performed in the UAE for Holding Company Business
The UAE Economic Substance Regulations require a licensee to meet the economic substance test in the UAE and file an economic substance return corresponding to the specific financial periods in…
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UAE ESR: CIGAs Performed in the UAE for Insurance Business
The Economic Substance Regulations (ESR) require the offshore, mainland and free zone companies in the UAE that conduct one or more relevant activities to meet the Economic Substance Test in…
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UAE ESR: CIGAs Performed in the UAE for Shipping Business
The UAE Economic Substance Test requires a Licensee to demonstrate that the Licensee is directed and managed in the UAE in relation to the relevant activity, Core Income Generating Activities…
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