business setup services in Dubai

Navigating the Complexities of Business Formation: Why Setup Services Matter

For prospective business owners and companies looking to expand, Dubai can be the right place. It is a major international commercial hub known for its vibrant and constantly changing business scene. However, here you have to deal with a unique set of difficulties. It can be difficult to navigate the intricacies of business formation in …

Company Liquidation in the UAE

The Role of Liquidation Services in Company Winding-Up Proceedings

A business needs to go through the liquidation process if it is in financial trouble and cannot pay its debts. In this complicated time, you can ensure a seamless and legal winding up of the business’s affairs by hiring a professional liquidation service provider. These specialized service providers are essential for managing the complex legal …

Accounting Firm

What Are the Different Tasks An Accounting Firm Can Assist You With?

Upholding compliance and financial stability are critical to corporate operations. Navigating the complexities of accounting and financial management can be challenging for most organizations. This is where an accounting firm in Dubai can offer assistance, providing a wide range of services to help people, companies, and organizations manage their money wisely. We are going to …

VAT Return filing

Common Mistakes Companies Make When Filing VAT Returns in UAE

Value Added Tax or VAT was introduced in the United Arab Emirates on January 1st, 2018. Since then, all businesses registered for VAT must follow the rules and file VAT returns on time to the Federal Tax Authority (FTA). Filing VAT returns correctly is very important. Even a small mistake can lead to heavy fines …

Accounting and Audit Services

Accounting and Audit Services: What You Need to Know

If you own a commercial enterprise in Dubai or anywhere else inside the UAE, you probably realize how critical accounting and audit works are. These tasks assist make certain your finances are in order and you are following all of the right guidelines and rules. But what precisely are accounting and audit services, and why …

Anti Money Laundering

What is Money Laundering? Money laundering, a sophisticated process, involves making illegally-gained proceeds, such as funds from criminal activities, appear legal or “clean.” It involves transactions intended to obscure the origin of funds, making them appear to come from a legitimate source. Money laundering typically involves three key stages: 1. Placement: Illicit funds are introduced …

Top Excel Financial Formulas

Here are the top excel financial formulas that will help you productively use the office application (i) XNPV: The XNPV function in Excel calculates the net present value of a series of cash flows at irregular intervals. It requires three arguments: the discount rate, an array of cash flows, and an array of corresponding dates. …

What is Financial Audit?

What is a financial audit? A financial audit is an independent review and examination of a company’s financial statements and records. The purpose is to provide assurance that the financial statements accurately reflect the financial position. This is typically done by an independent accountant or firm and is required by law for publicly-traded companies. The …

Specific sector: Hospitals

Things to remember while auditing a hospital 1. Compliance: Ensure the hospital follows all relevant healthcare regulations and standards. 2. Patient Records: Verify the accuracy, confidentiality, and security of patient records. 3. Staff Credentials: Confirm that all healthcare professionals have proper licenses and certifications. 4. Infection Control: Assess the hospital’s protocols for infection prevention and …

Audit of Cash and Bank Balances

What are Cash and bank balances? Cash and bank balances refer to the amount of money that a person or company has on hand in the form of physical cash, as well as the amount of money that is held in checking, savings, and other types of bank accounts. The term “cash and bank balances” …