Corporate Tax in a nutshell
Since its initial introduction, Corporate Tax has been the talk of the UAE with laws, guides, ministerial decisions and quite a few workshops all happening within the short space of a few months. This blog will help break down everything we know about it thus far as it is important for (almost) all businesses in […]
Payment gateways in the UAE
The most crucial part of any transaction is the payment and with technology advancing everyday the process for accepting payments has changed a few times over the last years. Payment gateways come into play as they provide a “gateway” to accept debit or credit card purchases from customers. This is not only in physical stores […]
Financial statements you need to know
It is always important to keep track of your finances when running a business and whether you have an accountant doing that for you or you are doing it yourself, there are 4 statements that can really help with this process. In this blog we will be looking at the basic statements all businesses should […]
Laws UAE businesses should know about
What you should know about Direct debit in the UAE
It was recently announced that the UAE Central Bank has approved of a direct debit marketplace making it easier for both merchants and customers to make their monthly payments. Before we look at this any further we need to know, what is direct debit?When you allow for direct debit it means that you give a […]
VAT registration
As all businesses in the UAE are aware, at a certain point you have to register for VAT, but when do you do that and what are some of the steps involved? The following article will give you a brief overview of everything that you need to know when you are registering for VAT. When […]
What you should know about UAE Tax Invoices
As in many other countries, in the UAE there is a Value Added Tax (VAT) charge on most goods and services provided and once your business has exceeded the mandatory registration threshold of AED 375,000 you are required to register for VAT. Thus you become what is referred to as a registrant and now you […]
UAE Insurance for involuntary loss of employment
Starting from 1 January 2023 the UAE introduced Involuntary Loss of Employment (ILOE) Insurance. What is ILOE?ILOE stands for Involuntary Loss of Employment. This unique scheme provides security for employees who lost their jobs due to reasons other than disciplinary action or resignation until they find a new job. Who is eligible for subscription? All […]
Virtual assets in the UAE
Bitcoin, NFTs, crypto, and gaming tokens, we have all heard of these and have a basic idea of what they are, but how can these things be useful to a business and can you use them as a form of payment in the UAE? Not to worry, the following article will clear up everything you […]
7 Ways an Accountant Can Save You Money
According to a 2020 report on working practices of the UK’s 5.6 million micro firms (businesses with 10 or less employees), the average micro-business spends 15 hours per week (19% of their time in total) doing financial admin tasks. This report is just one example of similar surveys that look at struggles of SME owners […]