Tax Flash
Revised Tax Penalties for various defaults under UAE VAT Law and amendments in Executive Regulations 24/07/2021 10 Mins read The Federal Tax Authority (FTA) has revised penalties by issuing Decision No. 49/2021 (New Resolution), amending provisions of Cabinet Decision No. 40/2017 (Old Decision) regulating tax penalties imposed for the violation…
Annual Budget Review 2022 and Financial Audit 2021 for Jointly Owned Property
We are writing to inform you about the RERA circular regarding Budget Review and Financial Audit of Jointly Owned Property Managed by Community Management Company. These are some highlights from the circular • For RERA approval, you must submit a proposal from a Qualified Auditor before August 15, 2021, for…
All you Need to know about VAT Audit
The UAE introduced the Value Added Tax (VAT) regime in 2018, which applies to goods and services. VAT is fundamentally a self-assessment process where a taxable person evaluates the applicability of the tax, collects it on behalf of the UAE government, and pays it periodically to the government treasury. To…
How Can Outsourcing Auditing Help In Your Business Growth?
An audit is a visual review or a detailed analysis of a company’s books of accounts. An audit is a critical feature that any company must conduct. Many people believe that conducting an audit is a legal requirement for a business, but it is far more than that. It can…
How Auditing Helps In The Efficiency Of The Business?
In these difficult times of pandemic, the survival of businesses has become very much difficult and as the owner of the business, you have to look upon many things in the business. But, hiring an auditor can be very helpful for you because an auditor will not only help in…
Common Business Valuation Methods
The method of assessing the correct economic value of a business or a business unit/company is known as business valuation. Obtaining a business valuation is critical because it provides facts and statistics that will assist management in evaluating the business, as well as assessing the strengths and weaknesses of competitors…
Benefits of Outsourcing Business Functions in Dubai
Outsourcing means supplying your services to the firm/companies outside your region, and there are many benefits of outsourcing your business functions like accounting, auditing, taxation, etc. because you get highly expertise service and also you get cost advantage sometimes and also if you want some work done on urgent basis…
Elements Of A Good Valuation Report
A valuation report is a detailed inspection report that determines the valuation of your business and also many more things like profitability, and ability that goes way beyond the numbers and profoundly affects the results of significant business decisions and directions, these things are very much important for the business…
5 Things To Consider While Choosing An Auditor For Your Company
An audit is the review or verification of the company’s account books. An audit allows you to know whether your business accounts are a true reflection of your company or not. It is like a yearly health-checkup of the company, and it is a very important process. For your health…
