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MayThere’s an increasing trend amongst businesses of all sizes in UAE to outsource the accounting function to a professional accounting agency to help them ease the burden and leverage the expertise to boost business profitability. Undoubtedly, professional accounting firms have definitely helped businesses to get an expert helping hand in managing complex accounting records (especially with the […]
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MayIFRS requires companies to do the Fair Valuation of its Investments (in Companies) every reporting period if there are indications of impairment in the value of such investment. Well, besides the requirement from IFRS, business valuation gives business owners a fair perspective of facts and figures depicting the real worth of the company as per the income[…]
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May2018 was the eventful year in the UAE economy as the government resorted to the implementation of VAT for the first time in history. UAE was among the first countries along with Saudi Arabia to levy VAT as per the understanding of GCC VAT framework. Now, traditionally the Middle-Eastern region has been dependent upon the Oil revenues;[…]
