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Payroll management is vital for accurate and timely employee compensation, but it can be a daunting task for businesses. Don’t let it overwhelm you. By partnering with external payroll service providers, you can free up valuable time to focus on your core operations. However, informed decisions are key. Understand the Pros and Cons of outsourcing…

A VAT health check refers to a systematic review and assessment of a business’s Value Added Tax (VAT) compliance and processes. It involves a thorough examination of the company’s VAT-related activities, records, and systems to ensure compliance with VAT regulations and identify any potential errors or areas for improvement. During a VAT health check, experts…

Starting from June 2023, a new tax policy will be implemented in the UAE, as introduced by the Federal Tax Authority (FTA) and the Ministry of Finance – Corporate Tax. Under this policy, Free Zone Businesses and Qualifying Free Zone Persons may be subjected to a corporate tax rate of either 0% or 9%, depending…

Embarking on a new business venture is exhilarating, yet it entails a challenging journey. Starting a business requires careful planning and management of various aspects, one of which is maintaining accurate financial records through effective accounting practices. In essence, accounting involves recording all financial transactions of a business and analyzing them to generate financial statements….