Imagine accurately gauging your business’s performance and financial health and making informed decisions to fuel its growth. That's the advantage of knowing the basics of business accounting. Yet, many entrepreneurs find this area challenging and often overwhelming....
Do you know the real difference between your gross income and your net income? Or how these terms don't just impact your salary, but also your business finances, real estate, and investment strategies? Many folks don't fully grasp these crucial financial concepts,...
You may have noticed that investing is a hot mess of risk, reward, and complex financial jargon! If you have been interested in investing or are considering setting up your own business, one such piece of jargon you may have stumbled across is the term SPV or Special...
In our increasingly globalised world, figuring out how multinational corporations structure their intra-company transactions can feel like solving a complex puzzle. One of the key pieces in this puzzle is 'Transfer Pricing' - a practice that holds a significant role...
Running your own business is awesome but tracking income and expenses for tax purposes? Less so... This accounting task, though dreary at times, plays a foundational role in maintaining your business's financial health and managing tax liabilities. When corporate tax...
Ever wondered how high-value transactions in Dubai, especially in the real estate sector, run so smoothly and securely? It's mainly due to a vital part of the UAE's financial system - the Escrow Account. So what is an Escrow account in Dubai? Read on to find out!...
Are you planning to do business in Dubai or import goods into this global city? If so, you'll need to get to grips with the Dubai import tax. For instance, did you know that the actual tax can vary depending on certain conditions or goods? Let's explore the legal...
If you're doing business in the United Arab Emirates (UAE) or planning to invest there, understanding double taxation is crucial. Double taxation occurs when the same income is taxed by two different countries or both at the corporate and personal levels. It can...
Navigating the intricate landscape of payroll management often feels like a daunting task. The process goes beyond just paying employees their wages—it involves tracking hours, managing bonuses, and maintaining a meticulous financial record. The far-reaching...
No doubt you have heard of the new corporate tax system in the UAE. As of 01/06/2023, the new Corporate Tax rate of 9% could very well apply to your existing business (for full details, read our guide here). So you might be wondering what you should be doing with your...
As a freelancer, understanding the new corporate tax regulations in the UAE is essential to help your business remain tax compliant and successful. With the recent corporate tax law changes issued by the Ministry of Finance, it's worth knowing about corporate tax for...
The United Arab Emirates has long been renowned as a tax haven, drawing in businesses and investors worldwide with its strategic location and business-friendly environment. According to Tax Justice Network, a global advocacy group of taxation and economy researchers,...