Under the new standard (ASC 842), lease disclosures are intended to help accounting services in Dubai analyze how leases affect cash flow and assess how much uncertainty there is. Check out some common pitfalls and how to make sure you get it right. Revenue Recognition: What We’ve Learned Lease disclosure requirements in ASC 842 have … Read more
It is the era of creators, and the UAE government has taken several steps in the past few years to ease and enhance the work platform for freelancers in the UAE. The Abu Dhabi Department of Economic Development announced the freelancer visa in November 2020. The benefit of this visa is any professional can work … Read more
You are currently in the early stages of running your business, you have already established a customer base that’s both loyal and solid, and you have money in hiring some help for certain aspects of your business. Like a veteran multitasker, you figure that you will simply put in the extra hours and just put … Read more
What will happen to you as a business owner when you can no longer afford in paying the salaries of employees when the pay day arrives? There are a few options you can consider when this happens to you, which can help in managing the compensation of your team members that are working hard in … Read more
Why Do Companies Choose Outsourced Payroll Services Dubai? Small and medium-sized enterprises (SME) tend to lean on outsourcing payroll services in Dubai when it comes to dealing with this one of the non-core functions of a company. This is the most common practice of these kinds of businesses because of the number of employees and their sizes … Read more
Article 1 of VAT Law No. 8 of 2017, defines consideration as all that is received or expected to be received in return for the provision of taxable supplies i.e., goods and services, whether in the form of money or any other payment. A tax payer may therefore receive consideration in the form of donations, … Read more
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