How to Identify Reclaimable VAT Expenses in UAE
Understanding Reclaimable VAT Expenses Every business in the UAE must manage its VAT expenses with care. You must know which VAT expenses are reclaimable. This knowledge helps a business control its cash flow and working capital. A business can use proper VAT routines for a smooth process. You should always put strong internal controls in […]
When Should a Firm Conduct an Internal Audit
When to Carry Out Internal Audit A business owner always wants to keep the business healthy. When you see any trouble in your business, you need to check everything. If you go to a doctor when you feel sick, the doctor checks your whole body to find the reason for the problem. Similarly, if your […]
Effects of Commercial Real Estate Deals under UAE VAT
The region’s economic growth and new investment opportunities keep raising the demand for real estate, especially for commercial properties. Anyone involved in commercial real estate deals needs to understand the VAT implications to make sure that they follow the UAE VAT rules. What Does Commercial Real Estate Mean? Commercial real estate is clearly explained in […]
How Auditors in UAE Monitor Financial Growth of a Company
Introduction: Auditors and Company Growth Auditors play an important role in companies across the UAE. Auditors check if a company follows all rules and keeps its financial records accurate. Auditors make sure the company’s actions match UAE regulations. Mubarak Al Ketbi (MAK) Auditing helps businesses in Dubai and all over the UAE to keep track […]
UBO Reporting Updates and Compliance for UAE Companies
Introduction to UBO Reporting in UAE Companies in the UAE must follow rules for reporting their Ultimate Beneficial Owner (UBO) details. UAE made these requirements effective in 2020. Companies in mainland and free zones now must update UBO records in the official registers. This helps authorities know who owns and controls each business. Mubarak Al […]
How Online Accounting Saves Time For Businesses
Understanding Online Accounting Online accounting helps companies save time in their daily work. Companies use the internet and cloud software for accounting. Accountants log in from anywhere to check records. Mubarak Al Ketbi (MAK) Auditing helps firms in Dubai move to cloud accounting. Many companies now avoid manual work and get more things done. Why […]
How To Find The Right Tax Advisor For Your Business In Dubai
Who Is a Tax Advisor? A tax advisor is a trained professional who knows tax laws in the UAE. He helps companies file tax returns on time. A good tax advisor protects a business from late penalties. He makes sure clients follow all tax laws. He keeps up with changes in regulations. How Do You […]
Top Accounting Challenges Faced by Corporates
Introduction to Corporate Accounting Challenges Companies in the corporate world face many accounting challenges today. Fast changes in technology make things easy sometimes, but they also bring many problems. Companies want simple solutions with low costs. Even with new accounting systems, many problems still exist. Mubarak Al Ketbi (MAK) Auditing helps businesses solve these problems […]
UAE goAML Platform Explained
Introduction to UAE goAML Platform The UAE government takes action against money laundering and terrorist funding. The introduction of the goAML platform plays a big role in this mission. Authorities in the UAE launched the platform after a national risk assessment. In 2018, new laws about Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) […]
IFRS 9 Assessment during the Pandemic Period
Introduction to IFRS 9 and Its Importance IFRS 9 is a standard that controls how companies report financial assets and liabilities. Many companies find IFRS 9 complex. The standard asks companies to check their credit losses in detail. During the pandemic, companies face extra problems with these rules. COVID-19 has changed the way companies work. […]
