Maximising local opportunities amidst global uncertainty

According to the IMF, one-third of the global economy will feel the pinch of rising prices and higher interest rates. The UAE and Saudi Arabia are expected to be largely sheltered from the worst of a global recession. However, it’s still wise to expect headwinds, reassessing how best to grow during these troubling times. In this contributed article, Rayhan Aleem, founder of Alpha Pro Partners shares his take how can SMEs can balance both sides of the coin to achieve sustainable growth in 2023.

SMEs in UAE should pause before writing off bad debt, especially In a Corporate Tax regime

In late 2022, the UAE introduced new rules on Corporate Tax. Businesses will be charged at 9 per cent on profits over Dh375,000 from June 1, 2023. The rules are wide-ranging, and more clarifications and announcements are expected. But one of the takeaways from the new law is for SMEs is to think twice about writing off bad debt.

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E-invoicing is a significant innovation that has the potential to affect businesses over the coming years, with more governments implementing best practice standards and mandatory frameworks.

Advice for startups: Key accounting KPIs to monitor

Running a small business means juggling many different things on a daily basis and accounting can be one of the hardest aspects to manage. Having a suitable accounting system and outsourcing the task to an accountant will help you to keep track of invoicing, payments and cashflow, but making sure you get the right information from them is crucial.

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SMEs represent more than 94% of total companies in the UAE, employing over 86% of the private sector workforce (Ministry of Economy 2019). Alongside the financial implications, payment problems can also take their toll from a well-being perspective.

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SMEs represent more than 94% of total companies in the UAE, employing over 86% of the private sector workforce (Ministry of Economy 2019). Alongside the financial implications, payment problems can also take their toll from a well-being perspective.

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SMEs represent more than 94% of total companies in the UAE, employing over 86% of the private sector workforce (Ministry of Economy 2019). Alongside the financial implications, payment problems can also take their toll from a well-being perspective.

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SMEs represent more than 94% of total companies in the UAE, employing over 86% of the private sector workforce (Ministry of Economy 2019). Alongside the financial implications, payment problems can also take their toll from a well-being perspective.

Abu Dhabi SME Hub

When you’re a small business it’s not always obvious where the money’s going to come from for simple things like stock, and turning away customers just feels wrong. Traditional financing opportunities are slow and not reactive, whereas we needed flexibility.

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SMEs represent more than 94% of total companies in the UAE, employing over 86% of the private sector workforce (Ministry of Economy 2019). With such a crucial role in economic growth, Rayhan Aleem, founder of the accounting firm Alpha Pro Partners, is keen to help small business owners overcome one of the main problems that can lead to early closure: a lack of cashflow caused by late payments.

Abu Dhabi SME Hub

As the lifeblood of the global economy, small businesses need the proper support not just to survive but to thrive. Whatever stage you’re at as an SME, whether that’s planning for expansion or launching an innovative idea, adequate access to finance is going to be crucial. Some of the reasons you might require capital include diversification, product development,

MENAFN Logo

As the lifeblood of the global economy, small businesses need the proper support not just to survive but to thrive. Whatever stage you’re at as an SME, whether that’s planning for expansion or launching an innovative idea, adequate access to finance is going to be crucial. Some of the reasons you might require capital include diversification, product development,

Are you ready for the VAT law amendments which will take effect on 1 January 2023?

Are you ready for the VAT law amendments which will take effect on 1 January 2023?

Stay ahead of VAT law amendments in the UAE with our free webinar, which provides insights on major changes and compliance measures.

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Connect Xero and G-Sheets to Create Accounting Automation and Realtime Reporting

Connect Xero and G-Sheets to Create Accounting Automation and Realtime Reporting

Unlock Xero and Google Sheets integration for automated accounting real-time reporting. Learn key tasks and future possibilities with G-Accon.

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How to Create Cashflow Forecasts in Real-Time

How to Create Cashflow Forecasts in Real-Time

Join our FREE webinar on real-time cashflow forecasts with Xero and Power BI. Learn from experts. Essential for businesses in uncertain times.

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How to use Cloud Accounting to create Realtime Reports & Dashboards

How to use Cloud Accounting to create Realtime Reports & Dashboards

Unlock the power of cloud accounting for real-time reports and dashboards. Join our free webinar on Xero and Microsoft PowerBI solutions.

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Automate your Accounts Receivable Collection using Cloud Accounting and Chaser

Automate your Accounts Receivable Collection using Cloud Accounting and Chaser

Optimize cash flow & streamline accounts receivable with Chaser: automate payment chasers, get paid faster, and save time for your business.

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How to create Consolidated and Automated Dashboard Reports from Multiple Xero and other Cloud Accounting Softwares

How to create Consolidated and Automated Dashboard Reports from Multiple Xero and other Cloud Accounting Softwares

Join: Automate Financial Reporting and Consolidate Data Easily. Learn Quick Setup, Custom Reports, and Cloud-Based Solutions.

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Effective Debt Collection Tips for Small Businesses using the UAE Legal Framework

Effective Debt Collection Tips for Small Businesses using the UAE Legal Framework

Join our FREE webinar on effective debt collection tips for small businesses in the UAE. Learn best practices, legal rights, and more!

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Payment Orders: A Game Changer When Chasing Late Payments in the UAE

Payment Orders: A Game Changer When Chasing Late Payments in the UAE

Join our webinar on Payment Orders for debt recovery in Dubai Courts. Learn eligibility, application process, and benefits.

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How Car Dealers and Automotive Business Can Automate VAT Compliance in the UAE

How Car Dealers and Automotive Business Can Automate VAT Compliance in the UAE

Join our free webinar to learn how car dealers and automotive businesses in the UAE can automate VAT compliance with EasyCars and Xero.

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How to protect your company data while your staff work remotely

How to protect your company data while your staff work remotely

Webinar emphasizing remote work data security & ransomware protection. Learn key measures to safeguard your company's data from risks.

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Growth Strategies for marketing your E-Commerce Business in 2021

Growth Strategies for marketing your E-Commerce Business in 2021

Join our free webinar: 'Growth Strategies for E-Commerce in 2021.' Learn about Omnichannel marketing & boosting sales with experts.

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VAT Compliance updates for E-Commerce and Online Businesses based in the UAE

VAT Compliance updates for E-Commerce and Online Businesses based in the UAE

Stay updated on VAT compliance for UAE eCommerce and online businesses. Join our webinar to learn about VAT implications and compliance.

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An Overview of the UAE Economic Substance Regulations (ESR) mandatory reporting with Q&A

An Overview of the UAE Economic Substance Regulations (ESR) mandatory reporting with Q&A

Gain insights into UAE Economic Substance Regulations (ESR) compliance: applicability filing guidelines deadlines in this informative webinar.

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