COVID-19 has tattered many businesses within months of its spread across the world. Apart from the disease inflicting its effects on humans, it is causing a huge threat to many…
Coronavirus (COVID-19) – Accounting Considerations in exigencies
Several epidemics came in the past, infected countless people, extant for a few months and then gradually faded. The outbreak of Coronavirus is massive all over the world with a…
Guidelines for Business Continuity readiness for UAE organizations
The NCEMA (National Emergency Crisis and Disaster Management Authority) has issued guidelines in the event of the Novel Coronavirus (COVID-19) for business continuity readiness for UAE Organizations. This Guide is…
VAT Administrative Exceptions
Following is an extract from the guidance issued by FTA in regards to Administrative Exception (March 2020): 1. Brief overview of this user guide This guide is prepared to help…
How bad debts can affect your accounting?
Every business divides its financial aspects into debtors and creditors and maintenance of these records separately is necessary. Tracking of debtors and creditors can give an analysis of the health…
Things to remember to scale up any business
Once you have successfully started a business and donned the role of a startup, you cannot move ahead with the same nametag for longer durations. You need to test the…
Machine Learning – A Change in the Accounting Horizon
Machine Learning – A Change in the Accounting Horizon The Accounting and finance segments of many businesses have usually been in a gray world, occupied with full of gray-suited aristocrats…
How to be ready to handle VAT audit from FTA in UAE?
Tax systems have been diversified and modified across the globe over a period of time. In most of the modern tax systems VAT (Value Added Tax) is very popular and…
Guidelines for Economic Substance Regulations (ESR) compliance in UAE
Guidelines for Economic Substance Regulations (ESR) compliance in UAE Following is the template for submission of Economic Substance Regulations (ESR), which is available to be used for keeping the information…
Pointers for a successful startup
Irrespective of which stage of planning or execution you are in; if startup business is on your mind then to get this idea levered and reach the stage of a…
Know-How on Financial Management
Financial management is known to be the crux of every business, be it a big enterprise or a small firm. The initial few years of a company are very important…
Bookkeeping nitty-gritties for SME’s (Small & Medium Enterprises)
Bookkeeping is the fundamental process to help the organizations maintain the financial records. Most of the start-up entrepreneurs and small companies are aces at innovating magnificent products and services to…