Robotic Process Automation in Accounting
One of the most exciting technologies in today’s business world is Robotic process automation or RPA. An RPA in accounting eliminates typical work-a-day tasks and has become the necessary tool in the corporate back office. Businesses automate rule-based routine business processes, allowing employees to devote more time to higher-value and
Benefits of Cloud-Based Accounting .
Managing finance helps a business decide what, when, and where to spend the money. All this process is known as accounting. As the business world evolves, new tactics are being used in the system to stay updated & competitive. One such tactic is cloud-based accounting & which is one of
Role of ERP System Implementation in Business
Every company and business operating today faces a common challenge to stay competitive in the market. They feel the urge to depend on and efficiently store and access information. With the help of an ERP system Implementation, a business can combine the characteristics of an enterprise into one complete information
Amendment of Tax Procedures Law
Amendment of Tax Procedures Law – Federal Decree-Law No. 28 of 2021 The amendments to the Tax Procedures Law are effective from 1 November 2021, and mainly cover: Mechanism and requirements for objection and appeal by taxpayers. Alternative mechanism for objection and appeal by Government entities. Mechanism of waiving, refunding,
How to obtain a Golden Visa in the UAE
The United Arab Emirates has become one of the top destination countries. Many foreign professionals, investors, and entrepreneurs want to designate themselves in this country. To fulfill this purpose, the UAE government has launched a new initiative, the UAE Golden Visa, in 2019. This visa aims to offer long-term residence
UAE to Implement New Corporate Income Tax
UAE Ministry of Finance (“MoF”) has announced that the UAE will introduce a Federal Corporate Income Tax (“CIT”) on business profits. For financial years beginning on or after June 1, 2023, the UAE will impose a federal corporate tax on business profits. The UAE Corporate Tax regime was created to
