What is blockchain? Blockchain is a decentralized, distributed ledger technology that allows for the secure and transparent recording of transactions. It is a digital database that is used to store and record transactions that are made using cryptocurrencies, such as Bitcoin. In a blockchain, each transaction is recorded as a “block” and added to the …
VAT Deregistration: Value-added tax (VAT) is a consumption tax that is levied on goods and services in many countries. VAT is typically collected by the seller at the time of sale and remitted to the government. If you are registered for VAT, you are required to charge VAT on your taxable supplies of goods and …
Corporate Tax Consulting in UAE Welcome to BHMJ Associates: Your Trusted Partner for Corporate Tax Consulting Navigating the complex landscape of corporate tax regulations in the United Arab Emirates (UAE) requires expert guidance and comprehensive strategies. At BHMJ Associates, we specialize in providing top-tier Corporate Tax Consulting in UAE. Our dedicated team of tax professionals …
We provide excise registration services Steps to register in Excise Department 1. Signup for an e-Services account through the FTA’s website and activate it 2. Access the e-Services account dashboard 3. Click on “Add New Taxable Person”. 4. Click on “Register for Excise Tax”. 5. Complete the registration process What is Excise Tax? Excise Tax …
Excise Tax Excise tax is a type of indirect tax that is typically levied on specific goods or activities rather than on income or property. Unlike value-added tax (VAT), which is a broad-based tax on consumption, excise taxes are often targeted at specific products or services deemed to have social or economic implications. Here are …
VAT Registration in UAE Value-added tax (VAT) is a consumption tax levied on most goods and services in many countries, including the United Arab Emirates (UAE). Businesses operating in the UAE must comply with VAT regulations, which include VAT Registration in UAE. If you are registered for VAT, you are required to charge VAT on …
VAT (Value Added Tax) consulting involves seeking advice and guidance from professionals who specialize in navigating the complexities of VAT regulations and compliance. Businesses often turn to VAT consultants to ensure accurate VAT reporting, minimize liabilities, and optimize their overall tax position. Here are key aspects of VAT consulting: 1. Compliance and Regulations: – …
What is Accounting? The accounting process is one of recording, classifying, and summarizing transactions to provide information that is useful in making business decisions. In large part this information is provided through financial statements: a balance sheet, an income statement, and a statement of cash flows.It should be emphasized at this point that accounting is …
What is Accounting? Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. It involves the systematic recording, reporting, and analysis of a company’s financial transactions, such as sales, purchases, expenses, and liabilities. The primary goal of accounting is to provide financial information that …
Welcome to BHMJ Associates: Your Trusted Partner for Operational Audit Excellence Unlock the full potential of your organization’s operational efficiency and effectiveness with BHMJ Associates’ comprehensive Operational Audit services. Our seasoned team of audit professionals specializes in evaluating your business operations to identify strengths, weaknesses, and opportunities for improvement, helping you optimize performance and achieve …