Many companies opt to work with specialised outsource partners to bring to bear expertise in performing those tasks, but what should you look for when working with a outsource partner and what issues could this solve?

Avoid These Accounting Platform Implementation Mistakes Implementing an accounting platform is the most effective way to simplify your accounting efforts considerably. A well designed and functional tool allows you to streamline your processes, moving from a manual...

Manual vs Systemised Financial Reporting Not too long ago, manual financial reporting was the only choice that businesses had to keep their finances in check. Today, advancements in technology have helped to simplify the entire accounting process.  Many established...

A Guide To Liquidation Of Companies   When any businesses can no longer afford to operate, liquidation of companies is a formal process that is done by a registered business to ensure it meets its obligations to shareholders and other stakeholders (e.g. debtors,...

Making the right decision for your outsource Accounting & VAT Partner?  Outsource Accounting & VAT   For any start-up, small or medium-sized company, outsourcing your accounting & VAT to an experienced and qualified partner is a credible option...

Are you in the position of being confident that everything is compliant to the UAE VAT law and then suddenly get fined because of noncompliance; and it turns out that it is something so simple that could have been easily avoided?

The UAE is the preferred and burgeoning regional destination for start-ups and small businesses.

Business can be tough when supply exceeds market demand. This is the time when businesses should pay closer attention to costs. Ask yourself “how much sales do we need to generate profit of $1” and this simple question will bring into sharper focus of the benefit of having a more effective cost management.

Many SMEs, especially those who are just starting a business, often overlook the management of cash coming in and out of their business. It is a common error thinking that if money is coming in, the business is performing and will have sufficient resources to pay for its purchases and expenses. Cash is key to the survival of your business and ignoring the needs for an accurate cashflow management process can lead to shocks that could cripple your business.

A salon owner operated several branches across the UAE providing ladies cosmetic and beauty services.