Federal Tax Authority issues new Decision on specified timeframes for Corporate Tax registration
Federal Tax Authority issues new Decision on specified timeframes for Corporate Tax registration The Federal Tax Authority (FTA) has specified timeframes for Taxable Persons subject to Corporate Tax to apply to register with the FTA and avoid being in violation of tax laws. The timeframes were outlined in a new Decision issued by the FTA […]
Top 10 differences between IFRS and GAAP accounting
We live in an increasingly global economy, so it’s important for business owners and accounting professionals to be aware of the differences between the two predominant accounting methods used around the world. International Financial Reporting Standards (IFRS) – as the name implies – is an international standard developed by the International Accounting Standards Board (IASB). […]
Difference Between Cost Accounting and Financial Accounting
What is Cost Accounting Cost Accounting is defined as a field of accounting which is used periodically to report, record and summarize the cost information. In other words, we can define cost accounting as the branch of accounting that is concerned with the costs of producing an organization’s units. The main role of cost accounting […]
Accounting 101: A beginners guide to Accounting
The process of consolidating financial information to make it clear and understandable for all stakeholders and shareholders Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. What is Accounting? Accounting is a […]
Revolutionising Remote Bookkeeping: Inside the Mind of AJ Solutions’ Founder
In a digital landscape where precision, integrity, and efficiency are paramount, AJ Solutions emerges as a beacon for small to medium-sized enterprises navigating the intricate world of bookkeeping and accounting. The following is a conversation with the founder, AJ ‘The Man’, a Chartered Management Accountant, revealing a visionary who has not just embraced digital transformation […]
Why Bookkeeping is important to your small business
A business’s financial health can have a major impact on the overall success of the company. Accounting helps to track income and expenses so businesses can manage cash flow and stay on top of tax deadlines using skills such as auditing, securing investments and buying assets.
UAE corporate tax: What you need to know
Dive into the essentials of UAE Corporate Tax with this informative video from our Knowledge Hub. Corporate Tax (CTax) is a tax on the profits of corporations, set to be implemented in the UAE. Ideal for clients seeking clarity on tax regulations!
