An audit is a common term in a company’s or organization’s financial segments. An audit firm’s goal is to verify an organization’s financial documents so that there are no mistakes in the finance department. An audit firm ensures that the…

Audit and Accounting Services in Sharjah The UAE has been one of the leading pivots for global investors to expand their financial horizon. Hence, there has been a steep rise in the investment pouring into the nation leading to a…

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 essentially an official examination of an establishment’s financial records, which include all transactions, investments, tax returns, and so on, to look for anomalies and discrepancies. Audit services assist the government in identifying illegal currency hoarding while also…

Audit Process and Procedure Introduction of Value Added Tax (VAT) in the UAE on 1st January 2018 had been an important milestone in the business realm of the nation. Federal Tax Authority (FTA) is a part of the UAE Ministry…

Eligibility, Registration, and Compliance VAT came into existence in the UAE on the 1st of January, 2018 introduced by the Federal Tax Authority (FTA). The companies are since then liable to tax accounting and maintain a healthy tax record. The…

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 company is required to keep track of its financial transactions, dealings, operations, and transfers. The information on such documents is then used by associated chartered accountants to create audited financial statements and reports, such as balance sheets, profit and…

Being a well-known accounting firm in the 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…