UAE

Having an Accountant is very important for small businesses especially if they are new and/or growing. They can help with a number of specialist functions which entrepreneurs and business owners shy away from but are critical to the business. These can include the following – preparing budgets and management accounts, offering financial advice, and with […]

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Accounting is the language of business and it measures the results of an organisation’s economic activities. Accounting is an integral component of business management and if you are in charge of a business, then you need to use appropriate software to monitor various activities. We recommend using Xero as your go-to accounting software for your […]

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Xero Specalists Dubai

Bookkeeping and Management Accounts are vital to Small businesses in managing limited resources to grow and develop. Cash is generally known as king and business owners cannot rely on producing self made profit and loss accounts or relying on checking bank balances alone when making crucial business decisions. Recording financial transactions accurately and timely AND […]

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In 2014, the UAE Ministry of Finance reported that the corporation tax policy has been approved by the UAE Cabinet, however, as of now, the corporation tax law draft is yet to go through the legislative approval process for it to be enacted. Corporation tax is a tax imposed by states to businesses and corporates […]

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VAT (Value Added Tax) is an indirect tax imposed by a Sovereign government on consumption. When a business is liable to collect and pay VAT there are a number of processes it will need to do to prepare for the on-going administration. A VAT registered business is therefore acting on behalf of the government as […]

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On the 24th February, it was announced by His Excellency Obaid Al Tayer that the UAE will implement VAT at the rate of 5% from the 1 January 2018. This is in line with the neighbouring GCC states also implementing VAT at around the same time or by 1 January 2019 at the latest. These […]

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