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…
Benefits of outsourcing accounting services in Dubai
Finance is the backbone of every organization/business irrespective of the size. If the finances are good, then the business is good. To know if these finances are balancing proportionately and…
VAT Deregistration of Stockpilers
This Public Clarification provides guidance on situations where stockpilers may be allowed to deregister where less than six months have passed since their effective date of registration for Excise Tax…
Steps for a successful auditing part-2
In continuation of our previous discussion on the tips or steps to follow for successful auditing. Here we are to add a few more points Timeline Auditing involves a lot…
Steps for successful auditing
The process of inspecting an organization’s or an individual’s financial record and determine if they are adhering to the set rules and regulations of accounting is called Audit. The financial…
Summary of Economic Substance Regulations (ESR) in UAE
Check this link to know more: https://www.spectrumaccounts.com/economic-substance-regulations/ What is all about ESR?: As part of the UAE’s commitment being a member of the OECD Inclusive Framework, in response to…