Six Common Audit-Related Mistakes for Businesses Must Avoid (1)An external audit provides the best level of assurance for a company over its financial statements. Hiring experienced and qualified audit firm in Dubai is essential for the success of an...
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Failing to measure profits is one of the key reasons why businesses fail to last for a long time. Accounting firms in Dubai recommend entrepreneurs measure their profits regularly as it will provide valuable insights about how to optimize...
• Should a free zone business register and file a Corporate Tax return? Yes. Companies operating in the free zone must register and file corporate tax returns in the UAE. Consult with tax consultants in Dubai for more information...
• What will the UAE Corporate Tax rates be? The UAE Corporate Tax will be 0% for taxable income up to AED 375,000 and 9% for taxable income above AED 375,000. Seek advice from tax consultants in Dubai to...
The UAE was known around the world to be a no tax region until the introduction of Value Added Tax ( VAT) in 2018. The tax regime in the UAE is about to witness one of the biggest milestones...
Most entrepreneurs in Dubai, especially SPANCOM TECHNOLOGIES, may not have a solid background in finance. However, accounting firms in Dubai recommend you have a basic understanding of the key concepts of financial accounting which will enable you to make...
• Working Capital Monitoring the working capital helps you to measure your company’s available operating liquidity, which you can use to fund day to day operations. Working capital is calculated by subtracting current assets from current liabilities. Accounting firms...
As per the UAE Value Added Tax (VAT) regulations, the input tax incurred on the development of a new commercial property can be recovered in full provided that the supplies of the building are taxable. It means that the...
Like every other industry in the UAE, real estate businesses must also consider the vat implications on business transactions. Real estate players should understand that special rules of vat apply to mixed-use developments, for which they can seek the...
Personnel expensesHuman resources are one of the valuable assets for a business organization. Having a competitive team of personnel will allow the business set up to strive and survive in the competitive market. To have professionally qualified employees the...