If you are the owner of an SME new to the UAE business landscape, you may be trying to prepare your audit. Some SME owners can find it difficult if the first audit of their company. Improper preparation will leave you tensed and frustrated when...
Business slowdowns are a common occurrence, and they can be difficult for businesses to weather. However, by taking steps to improve their accounting strategy, businesses can increase their chances of surviving and thriving during a slowdown. In this blog, we will discuss some key tips for...
When your small business progresses and grows there will be a point in time that requires an upgrade of the company’s reporting and accounting system. Improving the reporting and accounting system helps the business entity to better its reporting process and provides them with insights...
A letter of credit (LC) is a report given by a bank in line with a client (the candidate) that ensures installment to an outsider (the recipient) for labor and products given. In international trade, LCs are frequently utilized to lessen the likelihood of nonpayment. LCs...
The use of bank guarantees is popular among business owners seeking corporate finance services in Dubai. A bank guarantee is a promise by a commercial bank to the beneficiary that it will assume liability for the debtor if it fails to meet the obligations. Bank guarantees...
The digital economy is an important part of global trade, and this sector continues to grow constantly. However, the application of Value Added Tax (VAT) on digital services can be complicated, especially if it is supplied internationally. The UAE VAT Law includes provisions to discuss...
