Accounting practice involves the day to day gathering and recording of financial activities of a business. Technology evolution has presented opportunities for efficient modern accounting practices. They include: Use modern...

In today's business world, many companies are choosing to outsource internal processes and departments to third party specialty companies. Why should you outsource? Outsourcing saves time, resources and money. It...

Setting the price for your goods and services can be tricky; you want to offer a price that is profitable, but still competitive. And the truth is, most small businesses...

Planning is one of the fundamental necessities of human endeavour, especially in the business world. To make your organization successful, you must have clear ideas concerning its overall purpose and...

Factors to Consider When Doing Taxes in UAE UAE has been among the few countries in the world whose accounting and tax compliance is less complex, but with the planned...

An annual audit is one of the most significant tools in any financial institution. Auditing is simply a thorough evaluation of the institution's efficiency, appropriateness, and overall performance. As an...

On January 1, 2018, a Value Added Tax (VAT) of 5% will be added to consumer goods in countries that are a part of the Gulf Cooperation Council (GCC). In...

VAT or value-added tax is a tax levied on the consumption of services and goods. Currently, it has been set at 5 percent in all the GCC countries and is...

It is highly refreshing to note that there is an increase in the number of small businesses across GCC countries. But even as more people continue to venture into the...