Accounting

Are you starting a new business in the UAE? You'll need to get to grips with the VAT (Value Added Tax) registration process. Since January 1, 2018, VAT has been applied at a general rate of 5% to most goods and services in the UAE, affecting every aspect of your...

Submitting VAT returns in the UAE can seem complex and daunting, but it doesn't have to be. This guide covers everything you need to know about UAE VAT returns, from understanding their importance and role in the UAE's tax framework to providing step-by-step...

Running a small business in the UAE has become a tad more complex with the recent introduction of a federal Corporate Income Tax. But, there's a silver lining - a range of tax relief strategies designed to lighten the load for small businesses. We are here to share...

Ever wondered how the Excise Tax influences trade and business in the United Arab Emirates (UAE)? Introduced in 2017, the Excise Tax significantly impacts consumer behaviour, business strategies, and trade dynamics in the UAE. When you're familiar with this form of...

Are you feeling overwhelmed by the seemingly complex world of accounting? Don't worry! The key to cracking the code lies in getting to know two fundamental terms - debit and credit. They're not just dry accounting terms but the basic building blocks that dictate the...

Are you looking to boost your business's profitability and operational efficiency? This comprehensive guide to cost accounting is what you're after, as we will fully explain cost accounting. Properly implementing cost accounting can help you make informed decisions,...

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,...

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...