Is an Outsourced Accounting Firm a Good Decision for Your Company?
I am frequently asked whether hiring an accounting firm as opposed to hiring an in-house bookkeeper is a good decision. Having worked as an in-house accountant (finance manager, to be precise), freelance accountant, and now as the owner of an accounting firm, I strongly believe that the accounting firm route is not for every small or medium-sized business (we will leave big companies aside, the ones that need not just one accountant but rather a whole department). However, if you are a small or medium-sized company where one accountant is enough, please read on.
Changes to Tax Procedures Every UAE Business Owner Should be Familiar With
Last week UAE FTA issued a new Tax Procedures Regulation which repealed Cabinet Decision No. 36 of 2017 on the Executive Regulation of Federal Law No. 7 of 2017 on Tax Procedures that was issued back in 2017. The new regulation comes into force on the 1st of August 2023 and contains some very important updates that every business owner should be compliant with.
Emiratisation: Building an Inclusive and Competitive Economy in the UAE
In this blog we will talk about an important initiative that is shaping the workforce landscape in the United Arab Emirates – Emiratisation. As your trusted accountant, I believe it’s crucial to keep you informed and engaged in the latest developments that can impact your business. As you know, Emiratisation is a hot topic in […]
Laws UAE businesses should know about
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 […]
Economic Substance Notification in 5 short steps
If you don’t know whether you need to take any action with regards to ESR – this article will explain to you what you need to know and guide you in filing a notification!