By Dr. Yass Alkafaji DBA, CPA.May 8, 2022
If you’ve heard about the newly proposed corporate tax in the UAE, you may be wondering how it will impact your business. Keep reading for a simple breakdown of the tax and answers to frequently asked questions. Look out for future posts where we’ll take a deeper dive…
By LEDGERS teamCompanies often process payroll themselves; however, carrying out the payroll within the firm is a sophisticated task as it involves:timely payment and accuracy of paychecks
Knowledge regarding the prevailing laws regarding the wages & salaries as well as keeping updates regularly the subsequent and
Adopting new technologies, apps needed to…
By LEDGERS teamSeveral tax changes have been implemented in the UAE in recent years to streamline and diversify its state revenue system while in line with international best practices.With the introduction of federal corporate tax in the UAE, the country aims to enhance its position further as a world-leading hub for businesses and investment while…
By LEDGERS TeamFor your business to stay afloat, it needs cash. One of the primary reasons businesses fail is that amidst targeting the profit and revenues, they forget to keep track of cash flow, for business owners. Sufficient funds are critical for equipping businesses for growth and managing operational expenses.Now, how can bookkeeping contribute…
By LEDGERS teamWithout historical data, forecasting and budgeting are challenging tasks. Poor financial records hinder the progress of the organisation when it comes to budgeting, planning and analysis. Bookkeeping is significant in business planning, making it smoother and more manageable. When the financial data is properly organised, extracting and budgeting the financial reports become simple.A…
By LEDGERS teamThe most important thing is that now tax systems are getting complex, especially with the implementation of the Corporate Tax in the UAE. Businesses must maintain error-free data for tax calculations because tax authorities have the right to audit your data which needs to be adequately maintained to avoid any penalties. Tax-Filing can…