Annual Financial Statements and Audit Reports are just the means and not an end in itself, when it comes to doing business in UAE. Yes, with introduction of In-Country Value Certification (ICV Certification) by ADNOC group, slowly other government and semi-government entities in UEA are also adopting the process of ICV Certificate and ICV Improvement […]
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In today’s competitive business environment and to provide viable business solution it is important to keep your product/resource cost controlled hence it is beneficial to outsource non-core functions. Most of the support or back-office activities such as payroll are non-core functions, hence they can be easily outsourced. Key advantage of payroll outsourcing: · It frees
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An External Auditor’s main role starts smoothly if the Book of Accounts is maintained perfectly by business entity. We Elevate Auditing is a registered Audit Company in DMCC, has maintained our presence and reputation in DMCC from last 7 years. Since inception of the company we are considered as an DMCC Approved Audit company. DMCC
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Importance of maintaining sales report periodically for your business Sales Report/Revenue Report /Gross Sales Audit /Turn Over Audit : Revenue for the Shopping Mall Management industry is expected to decline over the next five years, primarily due to unfavorable changes in broad economic factors. Home Delivery & booming of ecommerce during pandemic. Surprisingly for Home
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Brief on the new UAE cabinet decision No. 58 of 2020 on regulating the Ultimate Beneficial Owners procedures in UAE On 24 August 2020, the UAE Cabinet published Cabinet Decision No. 58/2020 on Regulating the Beneficial Owner Procedures. Applicability – All UAE mainland & Commercial Free zone companies except Companies in financial free zones (Abu
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How Accounting Services is improtant for restaurant Business in UAE? Your love for food may have gotten you into the restaurant business, but the only thing that’s going to let you stay there is being able to pay all your dues on time while keeping the funds available for the profit share of the shareholders.
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The Dubai virtual commercial city offers an innovative opportunity to register and manage a business online without the need to be a resident of Dubai or the UAE. You can access and operate your business from anywhere in the world. How to have a Dubai Registered business in Low cost? Your business idea is not
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Entrepreneurs naturally we are many different hats in their business. However, it is impossible to be an expert at everything. As a business owner, you keep a very close eye on the day to day business transactions and which is why you hire bookkeeper or accountant who is capable of handling your accounts, but note
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Internal auditing services in Dubai, UAE Internal audit is an independent consulting activity designed to involved in helping organizations to achieve their objectives. Internal auditing services in Dubai activities are generally focused on three principles areas. These principles are Financial Reporting, Time Value of Money, and Compliance Review. Internal auditing services in Dubai activities must be
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Over 160 countries in the world (yes, you read it right – nearly 80% of the governments in the world) use sales tax (coined as VAT/ GST) as a major source of their revenue. After years of deliberation, the GCC rolled out a common VAT agreement in 2018, with member states given freedom to implement
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