Important Business Expenses Entrepreneurs Ignore to Prepare For Why Do Entrepreneurs Miss Key Business Expenses? Starting a business always takes a lot of money. Every new business owner dreams about how much profit they’ll make, but sometimes they forget about the hidden costs. You can plan for expenses, but it’s easy to miss important ones […]
🥇 What Is Corporate Tax in UAE? Explanation & Impact What’s Corporate Tax in UAE? Corporate tax is a direct tax the UAE government collects from the profit of companies and other businesses. The Ministry of Finance announced that this tax would start from June 1st, 2023. People sometimes call this tax “corporate income tax” […]
Application of VAT on Digital Marketing Services in Dubai What Is VAT on Digital Marketing Services? Dubai is a global business hub. Many business owners in Dubai use digital marketing services to reach more customers. The UAE government charges Value Added Tax (VAT) on most digital marketing services at the standard rate of 5%. All […]
🥇 Precautions for UAE Businesses Before Tax Implementation Why Does Corporate Income Tax Matter for Businesses? Corporate Income Tax is a direct tax that the government charges on company profits. In the UAE, the tax law now makes every business think carefully about how it reports and manages its money. If you plan your taxes […]
All About Non-Recoverable Tax on Entertainment Services in UAE What Does Non-Recoverable VAT Mean for Entertainment Services? The UAE VAT law says businesses can recover most tax paid on goods and services. But sometimes, you can’t get VAT back. Article 53 of the VAT Executive Regulations explains this clearly. VAT on entertainment, hospitality, and accommodation […]
VAT Guide: Major Obligations for Car Dealers & Service Centres What Is VAT for Automotive Businesses in UAE? All car dealers and service centres in the UAE must follow the VAT rules set by the Federal Tax Authority (FTA). Every business that sells new cars, used cars, spare parts, or services must pay attention to […]
🥇 Steps in a Risk-Based Technique for Internal Audits What Is a Risk-Based Audit? A risk-based audit is different from a traditional audit. In a traditional audit, the auditor only tests accounts to see if they are right. But in a risk-based audit, the auditor focuses on risks in the business. This method links the […]
Shareholders’ Perspective on Corporate Income Tax What Is Corporate Income Tax and Why Does It Matter to Shareholders? Corporate Income Tax is a direct tax charged on a company’s net profit. People also call it business profit tax in some places. In the United Arab Emirates, companies must pay 9% corporate income tax if their […]
🥇 Important Insights for Effectively Accounting Inventories Why Are Inventories Important for a Business? Every business must treat inventories as a valuable asset. Inventories help the company keep a steady cash flow, supply goods according to demand, and increase profit. Accounting plays a big part in finding out sales, and it also helps with inventory. […]
Complete Guide on the Role of a Financial Manager in an Organization Who Is a Financial Manager in a Business? A financial manager plays a big part in every organization. He acts like an umpire who makes decisions about the money side of the business. The manager checks all reports and data and makes smart […]
Tips to Survive Your Financial Stress in Business Why Does Financial Stress Happen in Business? Many businesses go through financial stress at some point. Recent years have shown how tough things can get, especially during the pandemic. Some companies had to close because they did not have enough funds. This is even harder for small […]
🥇 Importance of Internal Audit & Deciding Audit Frequency in Your Organization What’s an Internal Audit? An internal audit is a careful process that a company uses to check its internal controls with full attention. It helps a business manage its accounts while following company rules. Internal audits add value and improve the company’s operations. […]
Mubarak Al Ketbi Chartered Accountant Audit & accounting firm in Dubai is a full-service of Accounting, led by certified, highly qualified and experienced professionals audit Company in Dubai. We have been delivering end-to-end Audit, Accounting, Tax and Business Consulting services.
