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Setting up a proper accounting system involves selecting appropriate software, creating a chart of accounts, establishing procedures and controls, recording transactions accurately, reconciling accounts, generating financial reports, and analyzing the results to make informed decisions. It is essential to maintain the system regularly to ensure its accuracy and usefulness.

A VAT health check is a critical process that businesses must undertake to ensure compliance with VAT regulations set forth by the Federal Tax Authority (FTA) in the United Arab Emirates (UAE). VAT regulations in the UAE are complex and frequently updated, making it challenging for businesses to keep up with the latest requirements. Therefore, a VAT health check is an essential tool to help businesses identify any potential gaps in their VAT compliance, reduce the risk of errors or non-compliance, and ensure that they are meeting all of their VAT obligations.

Tax on Cryptocurrency in Dubai Although the term Crypto was born in 2009, it is gaining in popularity now. The Fluid and Insubstantial features of this digital currency cause an

Accounting Cybersecurity: How to Keep Financial Data Secure and Safe Cybercrimes are evolving day-by-day, causing various industry businesses immense losses, especially in the Accounting industries. It makes Accounting Cybersecurity an

There are several factors to consider when looking for the best CA firm in Dubai. Some things to consider include the firm’s reputation, the qualifications and experience of its staff, the range of services offered, and the firm’s fees. It is also important to consider whether the firm has a good working relationship with the Dubai authorities, as this will be important for getting your financial and business matters in order. It may also be helpful to ask for recommendations from other business owners or professionals in the area, as they may have personal experience working with different CA firms.