15

May

Modern Accounting Best Practices for Entrepreneurs

Accounting practice involves the day to day gathering and recording of financial activities of a business. Technology evolution has presented opportunities for efficient modern accounting practices. They include: Use modern...
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10

May

Should You Be Outsourcing Your Internal Departments?

In today's business world, many companies are choosing to outsource internal processes and departments to third party specialty companies. Why should you outsource? Outsourcing saves time, resources and money. It...
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08

May

Margin vs. Markup: The Difference is Profit

Setting the price for your goods and services can be tricky; you want to offer a price that is profitable, but still competitive. And the truth is, most small businesses...
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01

May

How to Write a Business Plan for Your Organization

Planning is one of the fundamental necessities of human endeavour, especially in the business world. To make your organization successful, you must have clear ideas concerning its overall purpose and...
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28

April

Factors to Consider When Doing Taxes in UAE

Factors to Consider When Doing Taxes in UAE UAE has been among the few countries in the world whose accounting and tax compliance is less complex, but with the planned...
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25

April

The Importance of Annual Audits

An annual audit is one of the most significant tools in any financial institution. Auditing is simply a thorough evaluation of the institution's efficiency, appropriateness, and overall performance. As an...
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18

April

5 Business Considerations for 2018 VAT Laws

On January 1, 2018, a Value Added Tax (VAT) of 5% will be added to consumer goods in countries that are a part of the Gulf Cooperation Council (GCC). In...
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31

January

How Will VAT Impact Your Business in UAE

VAT or value-added tax is a tax levied on the consumption of services and goods. Currently, it has been set at 5 percent in all the GCC countries and is...
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