CFO services in UAE
All you need to know about CFOs in UAE and the benefits of having a CFO Today’s CFOs require in-depth knowledge of 4 key regions: method development, controls, operational control, and improvements. In nowadays dynamic and robust enterprise environment, CFO plays a crucial and strategic position in lots of methods for any business. Most corporations and especially […]
Learning’s from the fall of a Wall Street Darling: Enron
Enron, was an American seventh largest of its time company, bankrupt in 2001, destroyed more than $60 billion of shareholders value, more than 5,000 employees fired just after bankruptcy declared. More than 20,000 employees lost their billion dollars in the pension plans, its stock saw a decline from a high of $90.75 to a low […]
The Aftermath of SVB Bank’s Collapse: The Crucial Role of Auditing Firms in Reducing Risks
SVB Bank’s collapse in March 2023, the second largest bank collapse in U.S history, sent shockwaves that reverberated through economies and startups all over the globe. Many were on high alert for a looming recession, but no one expected Silicon Valley Bank to be among the first banks to collapse. Silicon Valley Bank was one […]
Indirect Tax Rates Around The World
Indirect taxes are taxes that are added to the final price for goods or services. They are established and implemented by the municipal, county, state or federal government. These government entities decide on a regular basis whether to raise, lower or eliminate these taxes. Indirect taxes are also sometimes referred to as sin or expenditure taxes. […]
Financial Analysis
Financial analysis is like ECG to your business. It tells you how good your company is (Balance sheet), determines the current company’s operational performances (profit and loss statements), and analyzes the durability of the company (cash flow statement). Primarily its use is to figure out the benefit of an asset for trade or investment. It […]
New Year Business Financial Resolution
Be financially ready for the new year. Forget joining the gym, giving up smoking, or taking up meditation; we have some hints and tips for business owners that will set you up for a more prosperous 2023. One of the traps business owners can fall into is believing that having a great product or service […]
Bad Debt in UAE
A particular stipulation is made by the UAE VAT law to write off and discount of output tax paid on a supply for which there has been no consideration received from the supply date. For a supplier to be able to write off bad debt and claim back the output tax, certain conditions need to be met. […]
How Businesses Need To Respond To Covid-19 Amidst The Crisis
The UAE Business fraternity has welcomed measures to partially reopen offices. With the Dubai Economy laying out a set of safety guidelines for the same, the business world is slowly back to partial resumption.For a number of businesses, likely government measures to minimize public health risk may result in a marked decline in demand for products or […]
Economic substance Regulation and its implications in UAE
BACKGROUND OF ESR Why has the UAE introduced Economic Substance Regulations (ESR)? UAE introduced Economic Substance Regulations (‘ESR’) under its commitment as a member of the Organization of Economic Cooperation and Development (‘OECD’)’s Framework on Base Erosion and Profit Shifting (‘BEPS’). To this effect, the Cabinet Decision 31 of 2019 was introduced with the UAE Govt formally […]
Artificial Intelligence for Financial Services
As global technology has developed over the years, we have switched from television to the internet, and today we are integrating Artificial Intelligence seamlessly and steadily. It has become incredibly popular amongst large companies today due to the amount of information those companies are managing. An increase in the demand for information the data patterns […]
A Guide to LLC trade license cancellation in UAE
For whatever reason that you deem it possible for your LLC to halt its operations in the UAE, it is imperative that you cancel all your permits and licenses that pertain to the business. According to articles 306 and 326 of the UAE’s federal law No.2 of 2015, the closure of your business can be […]
Problems and Solutions in Purchase the Department of a Hotel
The procurement department plays different roles in different organizations. These roles can be procuring, acquisitions, relations building, corporate social responsibility or customer service. Though, when it comes to the hotelier industry, the role of the procurement department intertwines with nearly all aspects of the hotel. It goes with all of the roles we highlighted above […]
Growth Tips for Small Businesses in the UAE
UAE has emerged for international investors as a growth-packed economic powerhouse. The site is the greatest platform for all types of company investment strategies. In reality, the e-tailing trail in Dubai is established by new players. Due to online exposure, you may simply invest in the small business for sale in Dubai or create your own […]
Online Marketplaces Operating in the GCC
When suppliers agree to let an online marketplace market and sell their products or services on their behalf, the electronic marketplace—also known as a “digital platform” or “intermediary”—acts as an agent or a facilitator of the transaction. The idea of the internet marketplace is not well understood and is one that will probably change over […]
The Resilience of the Corporate Structure
While the crises pushed us to delve into the way we head our business- it stimulates us to go beyond recovery and flourishment- to build new business and resilience structures. What wrong are we doing? Crises sometimes act as a catalyst for change as it also opens up new opportunities for how we thrive to […]
Top Notch Tax Auditing Services – Clutch Review
Whether you are a small business or a complex organization, keeping track of your financial activities can be a formidable task. At AM Audit, we’ve been rendering our clientele some of the most effective, value-adding, top-notch auditing, accounting, taxation, and business consulting services. Our clients consist largely of large enterprises and SMEs carrying out their […]
Capital Asset and Profit Margin Schemes
Capital assets are commercial assets for long-term usage. These are not intended for sale during the operation of the company but are utilized or consumed in the company. For example, if a firm buys a computer to use in its office, it is a capital asset, but it is deemed to be an inventory if […]
CFO Priorities in 2023
Today’s CFO Priorities must consider adding value to the company and play a more constructive part in the company operations. There is a need to boost efficiency and profitability by cutting costs where necessary and look for new revenue-generating strategies. One of the most important lessons for all executives to take away from the agitated previous year […]
The Building Blocks of Financial Effectiveness
WHY do we need Financial effectiveness? Pursue zero Failures in Performing financial Activities The meaning of financial effectiveness is to achieve financial objectives and avoid failures successfully. So failures are indicators of ineffectiveness…! Business defines financial objectives, which are primarily the responsibility of the finance department of a business. So the first and foremost thing for […]
Optimize your Net Working Capital
The thought that a company ( Net working )with sufficient assets and adequate profitability would have a satisfactory liquidity position may be illusionary. Businesses often fail to utilize the Net Working Capital (NWC) efficiently. Management teams typically prioritize the profit and loss (P&L) statement above the balance sheet, and relatively few companies manage their liquidity […]
How to start an import business in Dubai, Abu Dhabi, and other parts of the UAE?
The UAE has one of the biggest economies in the Middle East. Over time, it has developed from a primarily dependent on oil exports to one that has completely utilized its strategic geographic location and diversified to become recognized as a global centre for trade, transportation, and logistics. Through establishing specified free trade zones with […]
Bitcoin on your Balance sheet?
In recent months, large companies ranging from Tesla Inc. to MicroStrategy Inc. have exchanged billions of dollars in cash for bitcoin. However, a number of roadblocks remain in the way of a broader pattern of large corporations keeping bitcoin, ranging from the cryptocurrency’s unpredictability to reputational risk, financial executives, and accountants. Here the main plot: […]
What should a Good Business Valuation Report consist of?
There’s an explanation why company valuation reports aren’t done all that much. They are a vast undertaking, the overall calculation of a company’s worth, profitability, and ability that goes way beyond the numbers and profoundly affects the results of significant business decisions and directions. As a result, not just anybody could draw one up in […]
Rules and Regulations that Influencers in UAE should know
There is a lot of buzz about influencers in the UAE right now, representing the global trend. Many regional and foreign influencers easily accomplish a significant involvement and follow-up within the UAE. The UAE public is constantly plugging into social media to keep on top of what’s new, whether health, fashion, lifestyle, beauty, or other […]
5 benefits for your company by outsourcing payroll services
It is no wonder that outsourcing payroll to software and service providers is becoming increasingly popular with a rising trend towards outsourcing the non-core functions of the operations to organizations. Payroll errors will, for one thing, lead to unhappy and demoralized employees, potentially depressing productivity and confidence while increasing employee turnover. Errors, on the other […]
Prevent your Business from Financial crimes
Financial fraud is a challenge faced by a commercial company. These years, enterprises are urged to take more caution as the growing digitization of market aspects, including online banking, could have raised their online security risk if protective steps were not taken. Concerning cyber financial crimes, imagining a masked man sprinting away with someone else’s […]
Balance Focus and Flexibility in your Active Business Plan! Know-How
Dwelling inside the complex and constantly changing digital age, with the emergence of an era and the increasing convergence of the world through globalization, businesses must expand active and set goals adaptable to the instances. Business opportunities aren’t too thinly dispersed; it can prevent negligence risks by developing an agile business strategy crucial for startups […]
Get your budget done for 2023
The end of the year is a time for reflection and for looking ahead. And when you run a business, it’s time for reflection and for looking forward – on paper. That’s right, budget time! Many people will accept that the budget is an excellent financial device. The budget gives you an overview of your estimated […]
Understanding Due Diligence Report
Introduction The topic of financial due diligence is incredibly vast, and each role of financial due diligence varies from acquisition to acquisition. It is necessary to note that financial due diligence is not necessarily an audit because it has a more significant amount of scope. At the old financial results of an organization, a due diligence evaluation […]
Warehouse keeper Launch of Excisable Goods Stock Reporting Requirements
Are you a Warehouse Keeper registered with the FTA or an Excise Tax Registrant? Then this article is for you. Federal Tax Authority needs you to follow the below process to declare your Opening Stock as of 1st January 2021. Step 1: Warehouse keeper will have to Appoint Certified External Auditor to verify the Opening […]
