These days, no business operating in Dubai can ignore the accounting part. After the implementation of the VAT regime, the companies became more focused on accounting tasks and services. It is not just enough to recruit one or more accounts associates or hire an accounting...
It requires effective financial management to run a successful business. Bookkeeping plays a vital role in this process, as it helps businesses to enable their expenses, income, assets, and liabilities. Businesses can analyze their plan for growth, financial health, and meet legal obligations by maintaining...
The financial world is filled with uncertainties and there are many internal or external factors that can lead to mishaps in business. In the financial world, some organizations might not be able to handle the test of financial strains even in a trade destination like...
It is not practical for audit companies in Dubai to test all items of an account that were taken place during a particular year. This is the reason the companies have to select samples from these transactions that would represent the real transaction scenarios. If all...
Cash basis accrual and accounting basis accounting are the most usual accounting method used by companies to keep track of their expenses and revenue. However, businesses prefer one method more than the other one depending on their business model. Entrepreneurs need to know which one...
Dubai Multi Commodities Centre (DMCC) is a free zone located in Dubai, UAE. It was established in 2002 to provide a business-friendly environment for companies involved in the trade of commodities and related services. DMMC offers a lot of benefits to businesses including the following: ...
Dubai Silicon Oasis (DSO) is a free zone in Dubai, United Arab Emirates, that focuses on technology. The Dubai Silicon Oasis Authority (DSOA) owns 100% of it, which the Dubai Government established in 2004. Over 4,000 businesses from over 100 nations call DSO one of...
Tax planning is an essential part of running any business. Tax planning can help you save your money on taxes and ensure that you are compliant with the law. Tax planning can be complicated and time-consuming. This is why it is crucial to hire the...
An expert bookkeeper in Dubai is the one who is responsible for the financial records of a business. They keep records, track all expenses and income, and prepare financial statements that help the business owner make informed decisions. A good bookkeeper is important for any...
Dubai is the main financial hub in the Middle East, and accounting is a critical part of any business established in the city. There are many things that are needed to know about the trends of accounting in Dubai. In this blog, we will talk...
