As your corporate organisation develops and expands, accounting fraud continues to advance to increasingly complicated levels. The complexity and diversity of fraud risks are increasing the likelihood that it will affect your firm. The hard circumstances that commercial enterprises encounter…

Developing Payroll Methods May Put an End to the Paper Check This week is National Payroll Week, and the yearly occasion denotes an ideal time to take a gander at the most recent patterns in checks so you can ensure…

The Federal Government would improve communicate to businesses the benefits of online services about to be executed nationally, according to the Chartered Accountants, in its pre-Budget submission out last month. Tax Leader held the Budget delivers the ideal stage for…

Benefits of Updated Bookkeeping and Accounting Records For company pioneers to make the best decision with an institution in the information, all businesses, regardless of size or shape, should maintain regularly updated accounting and bookkeeping records. Refreshed accounting and bookkeeping…

Importance of Audit and Accounting Standard in Private Companies Private companies are lowering their lease accounting standards. According to a new survey, approximately 40% of private companies are planning to implement the new lease accounting standard late or have not…

One of the maximum well-known mergers and acquisitions markets inside the Middle East is inside the United Arab Emirates (UAE). This is broadly speaking due to the fact local groups are becoming greater interested in expanding their operations distant places….

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…