The introduction of VAT tax in the UAE has led to major changes in UAE. It is a type of tax that is levied in each stage of the supply chain. The implementation of VAT will give the right path to a new efficient taxation system. The introduction of VAT had many impacts on individuals, […]
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Liquidation is a process where the company or the business has to come to an end when they are unable to pay the debts of their creditors. Someway liquidation is for the betterment of the company that is unable to operate as there is no point of functioning when the company is unable to bear
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Are you a supplier or aspiring to be a supplier in UAE? Here is something you must know in order to be able to do business in UAE. To do business in UAE, to be a supplier in UAE and work with ADNOC or government and semi-government agencies in UAE, your business entity needs ICV
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Auditing has become a compulsory task in business organization, so to detect and prevent frauds, auditing is very important. Auditing services are very crucial for any smooth-running businesses for small, big and medium-sized enterprises. It ensures the integrity and transparency of the company’s Finance. Here is where the role of the auditors come into play,
Auditing Services in Dubai, how it is helpful to business Read More »
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
Best ICV Consultants & Audit Firm in UAE Read More »
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
Ultimate Beneficial Ownership in Dubai Read More »
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.
Restaurant Accounting and Bookkeeping Basics Read More »
