Registration open- Corporate Tax
FTA opened Corporate Tax Registration FTA is now inviting businesses to register for UAE Corporate Tax, the registration is opened for two type of legal persons: Private Companies including an Establishment. Public Joint Stock Companies. FTA will announce registration of other legal persons later. How to Register: Login to EmaraTax portal, if you do not […]
What are the documents required for an audit of a company in Dubai
Proceeding with an audit can be a very tough and time taking process and that is why many companies in Dubai wants to choose a professional auditing company. It is a mandatory requirement for every companies to conduct an audit at regular intervals. What is Audit? This is a question often asked by numerous entities […]
Audit and Assurance Service in Dubai ,UAE
Audit is a procedure of closely monitoring the accounting information provided in a company’s financial statements. Assurance, on the other hand, involves assessing and analyzing different operations, processes, and procedures. Audit services Audit services means the professional services rendered by the Corporation’s external auditor for the audit and review of the Corporation’s financial statements or services that are […]
Accounting services best practices in Dubai,UAE
Accounting principles 5 Basic accounting principles Accounting principles are essential rules and concepts that govern the field of accounting, and guides the accounting process should record, analyze, verify and report the financial position of the business. There are 5 basic accounting principles which are the rules and guidelines that companies must follow when reporting financial data. […]
Financial auditing tips for startup companies
Financial planning for startups: The auditors can guide you about the pros and cons of accurate auditing. What are the documents do you need to provide to the auditor? Your trial balances and all supporting documents Material contracts; Agreements of employee; Shipping/tracking numbers, payroll records, tax returns etc. Make sure all of your records are […]
100% foreign ownership in the UAE Companies
As per the recent update on UAE company law, the foreign business owners who has the desire to start a company in the UAE will no longer need an Emirati shareholder or agent. The changes are made to boost the country’s competitive aspects and is a part of UAE government initiative to encourage business. The […]
Advantages of Outsourcing Payroll Services in the UAE
In this time, the company management’s ultimate concerns are managing the employees’ attendance, taxes, and employee compensation. This process is important because they are the major assets of any companies. What are Payroll services? Payroll service is a virtual process in that the company must understand UAE’s regulations with complete wisdom of the tax laws. […]
8 Effective Steps to Perform an Internal Audit Successfully in Dubai UAE
Conducting internal audits are necessary for companies to achieve their company vision by calculating the success and uniformity of their best execution. Internal audit is typical to stick on the company policies. If you had any gap, the internal auditors will assist you to resolve the issues. If done correctly, internal audits in Dubai can […]
Why should your company must outsource the accounting services?
It is an affordable option for all start up and growing companies to keep their accounting operations accurate. The experienced accounting team can guide you from any part of the globe at any time. Following are the points to consider when you think about outsourcing accounting services in Dubai: Least cost More importance to business […]
FTA Clarification update: VAT Registration for UAE Sole Establishments
The Federal Tax Authority (FTA) has issued an update to eliminate the confusions regarding the VAT registration of sole establishments. What are the things that sole establishments must consider In light of the new VAT clarification, the owners of the sole establishments are required to, 1. Make sure that all Taxable Supplies are proclaimed If […]