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 […]

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 […]

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 […]

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 […]

Introduction VAT return filing is a vital step for every business in UAE. It helps firms stay compliant with Federal Tax Authority (FTA) rules. Companies in Dubai and other Emirates need trusted VAT consultants to avoid penalties and errors. VAT is new compared to other taxes in UAE, and its main goal is to reduce […]

Introduction UAE Free Zones attract global investors with tax incentives and 100% foreign ownership. Each Free Zone supports business growth through simplified rules, no corporate tax, and complete repatriation of profits. Companies in these Free Zones must follow the licensing requirements of their respective authorities. Since 1st January 2018, VAT applies to most goods and […]

Introduction The oil and gas industry plays a vital role in the UAE economy. It contributes to high revenues and strong per capita income. The wealth from oil and gas is invested in many other industries, creating growth in infrastructure and attracting foreign investors. Over time, the share of oil and gas in GDP decreases, […]

Introduction A tax advisor plays a critical role in every business. He manages all tax-related matters and ensures the company pays taxes correctly while reducing unnecessary costs. A tax consultant must have complete knowledge of current tax laws in the region. For example, in the UAE, he must understand VAT, input tax, output tax, and […]

Introduction In the UAE, audits are mandatory for all companies. An audit is an independent examination of financial reports by a third party. The main purpose is to present a true and fair view of financial statements. Registered auditors remain independent from management to ensure objectivity and transparency. A registered auditor may be: They must […]

Introduction Is IFRS an inevitable concept in the UAE? Before we explain its advantages and challenges, let’s assess its framework. The International Financial Reporting Standards (IFRS) provide global principles for preparing financial statements. Without such standards, companies may face confusion and inconsistencies. IFRS works as a guide whenever local accounting rules are missing. The adoption […]

Introduction Many business owners in the UAE ask: What are CIGAs? How is income under CIGAs treated? These questions arise because the Economic Substance Regulations (ESR) are now active. Companies must understand ESR rules and check if their business falls under Core Income Generating Activities (CIGAs). ESR applies to many types of UAE companies including: […]

Introduction Are you a freelancer or solopreneur in UAE? Do you need help to manage money and keep records? Bookkeeping is essential for freelancers because it ensures every payment and expense is tracked. Many freelancers face issues like delayed payments, pending invoices, and missing records. Without proper bookkeeping, financial growth becomes harder. Bookkeeping services include […]