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Demystifying International Financial Reporting Standards (IFRS) What are IFRS and why are they important? International Financial Reporting Standards (IFRS) are a set of accounting standards that are developed by the International Accounting Standards Board (IASB). IFRS are used by businesses and other organizations around the world to prepare their financial statements. IFRS are important because […]

Accounting services in DMCC Accounting services in DMCC are essential for businesses of all sizes. Whether you are a startup or an established enterprise, you need to have accurate and timely financial information to make informed decisions about your business. A good accounting firm can help you with everything from bookkeeping services in DMCC to

Choose the right accounting method for your business Choose the right accounting method for your business can have a significant impact on your financial reporting and tax liability. There are a few key factors to consider when choosing an accounting method, including the size of your business, the type of business, and the laws and

Accounting for e-commerce businesses in UAE: What You Need to Know Accounting for e-commerce businesses in UAE is growing rapidly, and with it, the need for businesses to understand the specific accounting requirements for e-commerce transactions. This article will provide you with an overview of the key accounting concepts and issues that you need to

VAT training is essential for businesses and professionals who want to understand and comply with the UAE VAT laws and regulations. VAT is a value-added tax that is applied to the supply of goods and services in the UAE. All businesses that exceed the mandatory registration threshold of AED 375,000 in taxable supplies and imports

Value-added tax (VAT) is a consumption tax that is applied to most goods and services sold in Bahrain. It was introduced in January 2023, and all businesses that meet certain criteria are required to register for VAT and comply with the relevant regulations. VAT training in Bahrain VAT training in Bahrain can help businesses of

Value Added Tax (VAT) has become an integral part of the United Arab Emirates’ (UAE) economic landscape since its introduction in 2018. This indirect tax system has ushered in a new era of fiscal responsibility for businesses operating in the UAE, requiring them to register, account for, and pay VAT on eligible transactions. VAT registration,

Did you know that you can get a VAT refund in Dubai on your purchases? This is a great way to save money on your shopping trip, and it’s easy to do. To be eligible for a VAT refund, you must be a tourist who is not a resident of the UAE. You must also