Audit firms providing essentially professional auditing services is one of the major concerns of the global investing hub, Dubai. Companies need to make sure they account for and pay all the taxes. Some of the most important ones are the…
An audit is a formal and systematic examination of a company’s financial records, including transactions, investments, and tax filings, to detect any anomalies, errors, or instances of noncompliance. In a fast-paced financial climate like Dubai, audit services are critical in…
The introduction of Value Added Tax (VAT) in the UAE on January 1, 2018 marked a significant milestone in the country’s corporate landscape. The Federal Tax Authority (FTA), which is part of the UAE Ministry of Finance, is in charge…
As a business operating in the United Arab Emirates, navigating the VAT framework established by the Federal Tax Authority (FTA) is essential for maintaining compliance and avoiding financial penalties. KGRN Chartered Accountants provides expert VAT registration services tailored to UAE-based…
A gesture of an organization’s gratitude for an employee’s loyal service is the basic notion behind the remuneration of gratuity. This simple gesture has become strictly governed by the law to ensure the employee’s well-being. A gratuity helps a lot…
Value Added Tax (VAT) has been the most recent addition to the taxation laws in the UAE. VAT was introduced on the 1st of January 2018 and has been fixed at the rate of 5%. The TRN is also closely…
With its numerous benefits and adaptability, cloud computing has recently become widely used. Due to its remote accessibility features, COVID-19, which slowed the expansion of many businesses and organisations, accelerated the growth of cloud technology. You’re a smart accountant who…
Every corporation is expected to maintain records of its financial transactions, deals, activities, and transfers. The information contained in such records is subsequently used by chartered accountants to prepare audited financial statements and reports like as balance sheets, profit and…
Being a well-known accounting firm in Dubai, UAE for more than ten years has taught us at KGRN Accounting Associates that most business owners are unaware of the effects poor account recordkeeping may have on the health of their organisation….
The ESR compliance in UAE is an additional substance requirement added to improve the accountability of business entities. The Economic Substance Regulations are to be carried out for the relevant activities in the UAE. In this case, let us look…