Budget and Forecast for Small Business Effectively
Introduction Many small business owners in the UAE skip budgeting and forecasting because they think it costs too much or takes too much time. Some owners trust opinions or guesses instead of real numbers. But, running a business without a plan is like sailing without a compass. Mubarak Al Ketbi (MAK) Auditing always tells clients […]
VAT Adjustment for Bad Debt Relief UAE
Introduction Many businesses in UAE face bad debts at some point. Sometimes a supplier sells goods or services and issues a proper tax invoice, but the customer never pays. The supplier already pays VAT to the FTA on that sale. When it becomes clear that the customer won’t pay, the supplier writes off the amount […]
Remote Working Challenges Accounting Firms
Introduction Remote working started before the pandemic, but it became a necessity during tough times. Many accounting and auditing firms in UAE, like Mubarak Al Ketbi (MAK) Auditing, had already begun using cloud-based systems and digital tools. People had to learn new software and ways to do their jobs on computers, laptops, and even phones. […]
Tax Invoice Requirements in UAE
Introduction A tax invoice is a must for all VAT-registered businesses in the UAE. Every time you supply goods or services that are taxable, you must give a tax invoice to the recipient. UAE law, under Article 59 of the Executive Regulations on VAT, sets out clear rules about what a tax invoice needs to […]
VAT on Dividend Income UAE
Introduction Many investors and companies in the UAE earn dividend income. Dividend payments form a major part of investment earnings. Investors and business owners need to know the VAT rules before accounting for dividend income. If you want to follow the law and avoid mistakes, you must learn the right VAT treatment. Mubarak Al Ketbi […]
UAE VAT Penalty Amendments Explained
Introduction Every business must follow UAE VAT law to avoid penalties. UAE VAT rules include clear steps about fines for mistakes or late actions. In April 2021, the FTA made new changes about penalties. The new rules help businesses fix errors early and pay less in penalties. If you own a company in UAE, you […]
VAT on Farmhouses & Farmlands in UAE
Introduction UAE has many farmhouses and farmlands used for different commercial and non-commercial purposes. Owners rent these properties for vacations, staycations, or business. Investors in the UAE always want to know the effect of VAT before buying or leasing a farmhouse or farmland. Before making decisions, owners must look at all rules, including VAT. Mubarak […]
Payroll Accounting Challenges in UAEPayroll Accounting Challenges in UAEPayroll Accounting Challenges in UAE
Introduction Every business must handle payroll processing with care. Payroll means a company pays its employees their salaries and records every transaction. Many firms in UAE face trouble in payroll accounting. Mubarak Al Ketbi (MAK) Auditing understands these problems and helps companies tackle payroll issues in a smart way. Common Payroll Accounting Challenges The payroll […]
Temporary VAT 0% for Medical Equipment UAE
Introduction The Covid-19 pandemic changed the way businesses work in UAE. The government took many steps to support companies. One of the most important moves came in September 2020. The UAE government allowed a temporary VAT rate of 0% for some medical equipment. This decision made it easier for suppliers to give safety equipment without […]
Redetermination of Administrative Penalties UAE
Introduction Businesses in UAE must follow tax rules strictly. The government made changes in April 2021 about administrative penalties, which brought big relief for many companies. These changes did not just lower some penalties but also started a new way to review already given penalties. Now, businesses can get some penalties reduced if they follow […]
