Learning Resources
Self-study material to learn at your own pace.
Accounting & VAT Resources
The Top 5 Issues Outsourcing Your Accounting Will Solve
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?
VAT & Tax Resources
FTA Clarification VATP026 – VAT registration of ‘Sole Establishments’
FTA Clarification VATP026 - VAT registration of ‘Sole Establishments' The VAT Legislation Under the VAT legislation, there has been some ambiguity concerning the tax registration status for...
VAT News – UAE Tax Penalty Update April 2021
VAT News - UAE Tax Penalty Update April 2021 The UAE Cabinet of Ministers issued Decision No. 49/2021 amending provisions of Cabinet Decision No. 40/2017 regulating tax penalties (the “new...
FTA Audits – What Should You Expect?
Your VAT returns form a legally binding statement of your tax liabilities as a self-declared assessment, this means the preparation & accuracy is the responsibility of the taxable person.
Auditing Resources
5 Reasons To Audit Your Financial Statements
5 Reasons To Audit Your Financial Statements Internally prepared management accounts are often not relied upon by external parties or are mandated under the company’s articles of association. In addition, management may also want the accounts reviewed by an external party to assess the accuracy of internal accounts. As result an audit is necessary. A financial audit can be defined as an official evaluation of an organization’s financial...
Internal Audits – Why They Work
Internal Audits - Why They Work?mor As a business owner managing all the many aspects of your business is a complex and time-consuming process. It can be difficult to remain fully informed on all the details. It is natural to rely on your company processes, system and people to manage day to day operations. However all too often a business will experience surprises where inadequate internal controls and policies report unreliable business...
A Guide to Liquidation of Companies
A Guide To Liquidation Of Companies When any business can no longer afford to operate, liquidation is a formal process done by an approved firm to ensure the business meets its obligations to shareholders and other stakeholders (e.g. debtors, employees, Government entities). In this guide, we take a closer look at liquidation to detail what it entails and how to proceed. What You Need to Know About Liquidation of Companies What exactly...
Software Solutions Resources
Integrating Shopify or WooCommerce Your E-Commerce to other Inventory & Accounting Software?
Integrating Your Shopify or WooCommerce to other Inventory & Accounting SoftwareBackground The COVID-19 pandemic has changed business. The way businesses operate has taken a shift towards E-Commerce business models. We have already seen the brick-and-mortar model for a retail business...
Implementing an ERP – What must you consider?
Implementing an ERP- What must you consider?As your business grows, efficiently managing operations at lower cost and control of resources becomes a challenge. Most businesses turn to implement an Enterprise Resource Management. They aim to integrate the company’s processes to better manage their...
How can you assure Transactional VAT in your IT system?
Ideally your IT system is the single source of truth for your transactional VAT treatment and reporting. Nevertheless, most enterprises are faced with accuracy challenges where human decision making is required to define transactional tax treatment.
HR & Payroll Resources
Is Your Payroll Costing You More Than It Should?
Is Your Payroll Costing You More Than It Should?, Payroll management can be complex. Payroll operations in finance or HR are often separate from line management where decisions affecting employees are usually made. Unless these decisions are tracked and communicated,...
Why a Human Resource Management System Make Good Business Sense
Why a Human Resource Management System Make Good Business Sense If your business uses a system to manage your finances, assets and customers, managing your other key asset, your employees, to their fullest potential should also be on your agenda. According to research...
Is Outsourcing Your HR a Good Option?
Is Outsourcing Your Business A Good Option? Successful companies are constantly searching for more efficient and cost-effective measures to better run their internal business operations. Some companies build in-house expertise and resources to implement strong...
Economic Substance Regulations
Economic Substance – Compliance and Administrative Penalties
Economic Substance - Compliance and Administrative Penalties Annual Compliance and Key Actions The Economic Substance Regulations (ESR) apply to all United Arab Emirates (UAE) onshore and free zone legal entities. It carries out one or more of the Relevant...
Extension To ESR Filing & Notification Granted Until 31st January 2021
Extension To ESR Filing & Notification Granted Until 31st January 2021 The Ministry of Finance has therefore extended the deadline for submissions: please see the notice below To support businesses that may have been impacted by COVID-19 and temporary...
Important Changes On Tax Residency Certificates Under Cabinet Resolution No. 57 of 2020
Important Changes On Tax Residency Certificates Under Cabinet Resolution No. 57 of 2020 Background On 10 August 2020, the UAE Cabinet of Ministers issued Cabinet Resolution No. 57 of 2020 (the “amended ES Regulations”) which replaces the original ES...
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