The Federal Supreme Court has announced the method of calculating late payment penalties on voluntary disclosure.The judgment is significant because the effective date of penalty computation has been confirmed to…
Auditing conflicts of interest
Keen understanding of the client’s third-party transactions is necessary to avoid any conflicts with the audit.It is essential to be aware that one client has businesses involved with another client,…
Business Setup & Auditing in Dubai Silicon Oasis
Dubai Silicon Oasis is a major technology park in Dubai, which was launched in October 2002 by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, with the aim of becoming a global hub of electronic innovation, research…
DTEC FreeZone Company Formation
An initiative of Dubai Silicon Oasis Authority, Dtec is designed to conveniently set up a new business in Dubai. From 100% business ownership, visa processing, 24/7 access, high speed wifi,…
DMCC Free Zone – Dubai Multi Commodities Centre Free Zone
DMCC is one of the fastest growing Free Zone’s in the world. It was established in the year 2002 with headquarters in Dubai to facilitate DMCC Free Zone as a…
RAKEZ – Ras Al Khaimah Economic Zone
Ras Al Khaimah Economic Zone (RAKEZ) was established to oversee and consolidate the specialized zones and clients of both Ras Al Khaimah Free Trade Zone and RAK Investment Authority.RAKEZ is…
UAE Financial Leasing Law update
A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the…
Things to keep in mind to increase the sales of an organization (Or) Guide to boost sales of an organization
No magic way to achieve success Are you one of those owners who have a great product but the sales of it are not so great. Do you belong to…
Cloud Accounting – A Big Move in Accounting
In the current scenario of digitization and flexibility to work on multiple devices, demand for a centralized and secure data storage system is on the rise. Traditional usage of 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…
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…