What is due diligence? Due diligence is a procedure that includes investigation, audit, review of a potential investment or product before signing an agreement or a proposed transaction with the…
Blockchain Technology– A Turning Point in Handling Finances
Many innovative accounting technologies and automation trends have been surfacing off-late, challenging the conventional methodologies in the financial value chain. Companies are often on the hunt for advanced technologies to…
International Tax Planning
Background Due to globalization, companies have been operating businesses through branches and subsidiaries across the globe to maximize the profits and to minimize their taxes. Some of the Multi-National Companies…
UAE Federal Law on Foreign Direct Investment
The UAE Economic Substance Regulations
The UAE introduced Economic Substance Regulations pursuant to Cabinet of Ministers Resolution No.31 of 2019(“Regulations”) on 30 April 2019. Guidance on the application of the Regulations was issued on 11…
Business Continuity Plans (BCP) considering the present situation
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…