Before analyzing the role of a tax consultant let us examine who is a tax consultant and what does he do for a company? A tax consultant is a person who looks after all the business transactions regarding the...
To make Federal Tax Authority payments as a transfer from your bank located outside UAE, the bank shall be a member of SWIFT. You can visit the bank and request for transfer by providing the GIBAN as beneficiary IBAN...
There is a unique IBAN (International Bank Account Number) number which is referred as GIBAN, which is given to every taxable person. Once logged into the Federal Tax Authority portal, you can obtain your GIBAN from the dashboard. To...
Payments to Federal Tax Authority can be made through any of the below mentioned options:• Payment via e-dirham card or credit card• Payment via bank transfer either from locally based bank or from an international bank account What are...
All taxable persons in UAE are mandatorily required to file the Value Added Tax return on a timely basis as stipulated by Federal Tax Authority and make the payments due if any to Federal Tax Authority within the prescribed...
• High level of accuracyData analytics collects information from all the technological processes of the business and ensures its accuracy and it always keeps the data in the filtered form. This helps the company conduct the audit more efficiently...
What is the importance of analytics in auditing ?Auditing is a monotonous task that is conducted by every company to ascertain their financial position as well the accuracy of the accounting statements. The auditing process was adopted by the...
• Have a positive attitude and a strong commitmentCompliments and appreciations must be given to the company and the departments when their efforts bring positive results in achieving the audit goals. Their contribution must be recognized and they must...
Have a better clear reporting structure. The reporting structure of the company must evidently try to maintain and provide transparency of the operations to the internal audit team. If a clear reporting structure is not maintained then it will...
The success of a business depends on both internal and external factors. Internal factors up to an extent can be controlled by the company by conducting required procedures and analyzing the companies activities which may include assessing the payroll...