This blog is part of a series on Free Zones in UAE. Here we will address all your questions pertaining to setting up business in Creative City Fujairah in detail,…
Sharjah Media City (Shams)
This blog is part of a series on Free Zones in UAE. Here we will address all your questions pertaining to setting up business in Sharjah Media City (Shams) in…
Liquidation Process For Sole Establishment License In Dubai mainland
Question: Where do we need to apply for cancellation of the sole establishment license in Dubai? To cancel a Sole Establishment in Dubai mainland, one need to visit any Dubai…
Hamriyah Free Zone (HFZA)
This blog is part of a series on Free Zones in UAE. Here we will address all your questions pertaining to setting up business in Hamriyah Free Zone (HFZA) in…
Sharjah Airport International Free Zone – SAIF Zone
Benefits and advantages of SAIF zone which is established in the year 1995: SAIF Zone delivers today’s demanding businesses with the benefits of a strategic location, trustworthiness, efficiency, diversity of…
Is outsourcing the accounts beneficial to your business in Dubai?
Yes, outsourcing the accounts is beneficial to your business in Dubai and UAE. Generally any business owner who is willing to outsource the accounting and bookkeeping works to an outside…
Profit Margin Scheme v2
{This blog is an updated version of our old blog on ‘Profit Margin Scheme’ present here at: https://www.spectrumaccounts.com/profit-margin-scheme/ and currently the blog is shared in a more useful question &…
Adjustment on account of bad debt relief
Adjustment on account of bad debt reliefSummary of the FTA clarification: A public clarification has been issuedby Federal Tax Authority (FTA) in relation toVAT adjustment on account of bad debt…
Anti Money Laundering (AML)
An important update on Anti Money Laundering (AML).
Non-recoverable input VAT on entertainment services
The expenses relating entertainment servicesare not claimable for input tax credit. Let us see what constitutes entertainment of staff or business contacts as opposed to expenses incidental to business which…
IFRS 15 REVENUE FROM CONTRACTS
The core principle of IFRS 15 is that an entity shall recognise revenue from the transfer of promised goods or services to customers at an amount that reflects the consideration…
Going Concern Standard ISA 570 ( REVISED )
The going concern review can require significant judgment to be applied and the impact of external factors, such as significant global events, can make the assessment of management’s going concern…