Value Added Tax or VAT is a tax on the consumption or use of goods and services charged at every point of transaction. The Vat consultancy services in Dubai is a method of indirect tax and is charged in more…
The concept of “restructuring” denotes to the action that a company takes in order to make significant changes to the firm’s financial and operational characteristics, and this action is typically conducted when the company is experiencing difficulties meeting its financial…
There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…
Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…
Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…
Financial statements are prepared in accordance with established guidelines. Understanding the objectives of financial reporting is helpful in understanding these guidelines. According to the Financial Accounting Standards Board (FASB) Statement of Financial Accounting Concepts No. 1, the goals of financial…