Accounting & Bookkeeping
Are you aware of how IFRS 18 may impact your auditing procedures? Understanding how IFRS 18 impacts financial reporting and auditing is essential. This article will explore what IFRS 18 is for companies and auditors, and how the new standard has reshaped the auditing process in Dubai and UAE. IFRS 18 Impact audit procedures IFRS 18 impact…
Do you struggle to keep track of your company’s finances? For accurate and current accounts, bookkeeping services are vital in Dubai. Hiring a professional bookkeeping service allows you to focus on your business growth while they take care of the numbers. Bookkeeping Services in Dubai Bookkeeping services in Dubai assist businesses to maintain accurate financial records. All financial…
Do you struggle to manage your finances effectively? For businesses in Dubai to remain organized and compliant, accounting and bookkeeping are essential. Hiring a professional company can make a huge difference to your financial management. Bookkeeping & Accounting Firm in Dubai Accounting and bookkeeping firms in Dubai offer businesses professional services that ensure accurate financial records. These firms…
Ever wondered how you can get a refund on VAT as a tourist. The VAT refund service for visa holders with tourist visas is very popular, especially in countries like the UAE where visitors are able to reclaim their tax on purchases. This article will walk you through the entire process and provide useful information on VAT…
Are you familiar with the UAE VAT refund scheme? This initiative allows UAE citizens to reclaim the VAT they paid on certain goods and services. Understanding the process is essential, whether you are a businessperson or simply curious how things work in Dubai and the UAE. Tax Refund Scheme for UAE Nationals The UAE VAT refund scheme…
Are you ready to move your business forward with professional accounting services? Accounting services are the foundation that your business requires to grow, remain compliant and make data-driven decision. These services can help boost financial management and business productivity with the right support. Accounting Services Taking Your Business To The Next Level Accounting services have a significant…
Are you familiar with how the VAT affects real estate transactions in UAE? Real estate VAT in UAE is a hot topic for companies involved in leasing and property transactions. Anyone looking to invest in or operate on the UAE real estate industry must understand the VAT regulations. What is VAT in Real Estate? The VAT (Value-Added…
How can you prepare for a financial external audit? A smooth audit process is dependent on a thorough preparation. You can minimize disruptions in your business by taking the right steps to make the auditing process easier. How to Prepare for an Audit Preparing for an external audit: Key steps To prepare for an external audit, you…
Do you need a financial audit for your business in Dubai, UAE? Financial audits are a valuable tool for companies in Dubai to assess their compliance and financial health. Businesses in the UAE are often audited to ensure they meet legal requirements and provide accurate financial reporting. What is Financial Business Auditing and Why Is It Important?…
Ever wondered how to do a financial audit? Understanding financial audits can be crucial for anyone, whether you’re a business owner or accountant, or simply want to better manage your finances. A financial audit will help you identify potential mistakes and improve your financial transparency. How to Start a Financial Audit? To begin a financial audit, you’ll need…
Why is Internal Audit Required in UAE? Why is internal audit necessary in the UAE? Businesses need internal audits to improve their risk management and governance processes, as well as evaluate the effectiveness of internal controls. Companies in the UAE use internal audits as a way to improve their financial performance, ensure compliance with law, and gain…
What is an External Audit in Dubai, UAE? External audits are independent reviews of financial statements conducted by external auditors in order to verify accuracy and compliance. For businesses in Dubai, it is vital to conduct such audits in order to maintain transparency and trust with their stakeholders and authorities. External Audit: Benefits Businesses in Dubai can…
What is internal audit? What is an internal audit and why is it so important to businesses? Internal audits are a vital process that help organizations evaluate their internal controls, risks management and overall operations. It’s designed to improve operational efficiency and safeguard assets, as well as ensure compliance with law and regulation. Internal auditors…
On October 23, 2023, the UAE Federal Tax Authority (FTA) issued the TP Guide that is in conformity with OECD guidelines to the public. It provides clarity on related parties’ definitions, putting more emphasis on the actual conduct of transactions rather than the mere existence of instruments of transfer. The TP Guide recommends Transactional Net…
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