How outsourcing your accounting services can gain you profit?

Professional executive Business colleague team working and analyzing with new project of accounting

It is not easy to hire an accountant who can manage all your company’s financial statements, bank account operations, examine the financial data and to make ready the outgoing invoices. To perform all these without any hassles, it is important to hire the right skilled person at an affordable rate to bring your business on […]

Ultimate Benefits of Approaching a Debt Recovery & Collection Agency

Ultimate Benefits of Approaching a Debt Recovery & Collection Agency

Business is always business and there is no space even for close relationships in business. This doesn’t mean you shouldn’t share your views or ideas with them. But you should collect the payment for the products and services you render to anyone. If this is the case with close relationships, how about the customers you […]

Why are organizations attracted towards the new trend of Virtual Auditing?

Virtual Audit done by AVA International Consultants

Technological advances are at a fast pace amongst businesses and the role of virtual audit has been an inevitable factor in this pandemic situation. The organizations are already into high-tech plans that allow the expert audit teams to share and receive the data, place interviews and deal with the organizations globally. The latest guidelines for […]

Check out the new guidelines rolled out for the full ownership of UAE companies

Color toned panoramic picture of Dubai skyline, UAE.

It’s a great opportunity for all the other nationalities to set up a business in the UAE. To encourage the company formation and follow facilitating legislative setting, the President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued commercial companies ownership rules on November 23, 2020. Certain guidelines have been issued by the UAE […]

Things to consider before Filing VAT and Tax in UAE

Calculating Tax

Are you confused with filing VAT? Do not worry, you have come to the right spot. VAT filing can be done online by using the Federal Tax Authority (FTA) platform. This platform only accepts the application online as the offline facilities through EXCEL and XML are not available right now. VAT tax return application must […]

Recent Changes in Administrative Penalties of Federal Law No. (7) of 2017 on Tax Procedures

Business or Finance

On 28 April 2021, the UAE Cabinet of Ministers issued Decision No. 49/2021 amending provisions of Cabinet Decision No. 40/2017 regulating tax penalties (the “new Decision”). Important highlights: – Late payment penalties reduced from 1% per day to 4% per month. – 300% cap still applies. – New starting date for calculating late payment penalties. […]

Importance of Bookkeeping in Business

Bookkeeping

Why is bookkeeping quite important in every business? Are you interested to know more about bookkeeping for your business? If yes, you have come to the right spot. In this article, we have compiled the importance of the bookkeeping business and the benefits it imparts to your business. Some of the advantages of bookkeeping to […]