Impact of Economic Substance Regulations on the Businesses in UAE
The UAE business world faced new changes when Economic Substance Regulations (ESR) came into effect. These rules were introduced in line with OECD requirements to stop harmful tax practices. ESR ensures that companies pay fair tax in the country where their income is generated. It blocks the use of offshore structures that avoid taxes and […]
Is Outsourcing Accounting Services in Post Pandemic Period Beneficial in UAE?
The pandemic changed the way businesses worked in the UAE. When COVID-19 hit, many firms shut offices, ended services, and faced poor cash flow. Companies with large in-house accounting teams suffered the most. They relied on physical files and in-person processes. This system didn’t work when lockdowns arrived. Outsourced accounting became a solution. Cloud-based accounting […]
How Can a Member Be Removed from a Tax Group?
The tax system in the UAE plays a big role in helping businesses and individuals. It was introduced by the Federal Government to raise the standard of living and support better services. VAT group registration is when two or more companies apply together as one taxable person. A business can register under a VAT tax […]
Importance of Data Analytics for Internal Audit
Introduction Business grows with information, and information comes from data. Internal audit becomes strong when it uses data analytics. This tool helps auditors check risk, review compliance, and support management decisions. Without analytics, audits look incomplete, and results lack value. With analytics, audits gain accuracy, speed, and insight. Data analytics in audit means reviewing, cleansing, […]
Amendments in IFRS 16 Leases
Introduction Accounting standards shape the way businesses record numbers. Among them, IFRS 16 focuses on leases. It explains how to recognize, measure, and disclose lease contracts. IFRS 16 introduces a single lessee model, where assets and liabilities are recognized unless the lease term is less than 12 months or the asset is of low value. […]
7 Advantages of Cash Flow Forecasting
Introduction Cash is the backbone of every business. A company may earn profit but still face problems if it doesn’t control cash properly. Research shows that nearly 90% of failed companies suffered from poor cash flow. That’s why cash flow forecasting is important. Forecasting is built on past data, future growth estimates, and management decisions. […]
How Approved Auditors Perform a Tax Audit in UAE
Introduction Every company in the UAE must follow tax rules. The government collects tax to build roads, support health care, and grow the economy. A tax audit is one way to check if companies follow the rules. The Federal Tax Authority (FTA) conducts the audit to see if a business pays the right tax at […]
Outsource Accounting Services for Small Business
Introduction A small business owner manages many duties. You lead growth, guide staff, and check clients. But one area must always stay correct—accounting. Numbers can’t be creative, they must stay accurate. Today, most companies outsource accounting. It brings cost savings, efficiency, and expert service. In the UAE, over one-third of small businesses already outsource their […]
VAT Impact on UAE Health Care Sector
Introduction Healthcare in the UAE plays a vital role in supporting residents and visitors. Authorities always aim to provide high-quality medical care. The government made most healthcare services subject to zero-rated VAT, while some remain 5% standard-rated. Healthcare services include preventive treatment, medical support, and necessary consultations. If patients had to pay VAT on every […]
Cash Flow Management in Business Expansion
Introduction Business expansion is an exciting stage for every entrepreneur. Owners see new opportunities, higher sales, and wider markets. But growth also brings new challenges. The biggest challenge is cash flow management. Cash is the lifeblood of a business. Without proper flow, even profitable companies can fail. When expansion begins, expenses rise before income catches […]
