Your business needs effective management of finances, which is why you need to realize the importance of bookkeeping and accounting services. Previously both these tasks became a hassle for many businesses due to manual inputs. However, with digitalization and the availability of various accounting software, companies are having it easy. The question that remains is how...
It’s important to have a company’s business bank account to keep things professional-looking. Whether you’re going for a freezone company formation or opting to start a business offshore or UAE mainland, having a business bank account can serve many purposes. This article will illustrate how having a local business bank account in Dubai freezone can...
The role of accounting in any institution is significant for the business endeavors, and it is never easy, or as simple as adding, and subtracting numbers. In Dubai for example, Owners of small and medium businesses often think of doing their own accounting to save money. However, it is not the best, nor the most...
People get confused between accounting and bookkeeping probably because they are both essential and inevitable for a successful and flourishing business operation. Both bookkeeping and accounting are greatly used collaboratively; however, there are a few differences between them. An excellent accountant is a great bookkeeper. What set of skills would make one a great bookkeeper?...
Many people would wonder if there is a difference between accounting and bookkeeping. Both include the financial management of a business, and both are essential for a hassle-free taxation. However, past their similarities, they have some significant differences. It is important for business owners to know and understand why going for accounting firms in...
In the United Arab Emirates, succession planning or inheritance for Muslim nationals is guided by Sharia laws (a system of Islamic law based on the Quran). Sharia is not a codified law and is capable of adaption, development and further interpretation. The authorities can allow the application of the law of the deceased’s home country...
Accounting firms are always on the top of the business vitality and a corner stone element in the success equation. They are at the top of the latest regulations and tax laws as they offer consultancy and assistance to individuals and businesses to achieve their financial goals. Experts and specialists with skills that cover all...
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