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Corporate tax planning is a strategic process through which companies minimize the tax liabilities utilizing various legal and ethical methods to manage their financial affairs. Tax planning helps companies to structure their transactions and operations in such a way that optimizes their tax benefit...

It is a mandatory requirement for all the UAE registered companies to maintain proper books of account. Each jurisdiction emphasizes financial transparency and accountability through its financial reporting requirements, including UAE Commercial Law which mandates all companies to maintain proper bo...

Over the past few years, the United Arab Emirates has emerged as a leading regional business hub, and it has attracted both local as well as global investors. There are multiple reasons for the economic and business growth of the UAE, including its strategic geographical location, advanced infrastru...

Liquidation is the process by which a company as separate legal person is brought to an end of its life through a formal process specified by the related jurisdiction. All the assets of the entity are sold to repay its creditors, staff dues and any other outstanding liabilities to close down the ...

Cryptocurrencies are considered the future of the banking and financial system as there have been a lot of technological developments around cryptocurrencies during the last decade. However, there are still many challenges surrounding cryptocurrencies like regulatory, security, price volatility, and...

What is Liquidation: Liquidation is the process of bringing a business to an end. A liquidator is appointed to wind up the operations of business which leads ultimately distribution of its assets and settlement of liabilities among its stakeholders. Types of liquidation: A liquidation can either a ...

Coronavirus (COVID-19) has impacted all businesses around the world. Business leaders are navigating a range of issues including safety of staff and customer, maintaining cash and liquidity, redesigning operations and surviving with current complications brough about by pandemic situation. Now as th...

Coronavirus (COVID-19) has put most  businesses in financial distress throughout the UAE. Business leaders are tackling a range of financial and non-financial issues including safety of staff and customers, maintaining cash and liquidity, redesigning operations and surviving with current complicati...

All the companies in the UAE are required to maintain proper books for accounts and have them audited by a UAE registered auditor. Some jurisdictions are flexible regarding how organizations maintain their books of accounts as well as audited financial statements. Recently, however, many jurisdictio...

Hiring a right audit firm in UAE is critical decision for every business, as the wrong decision can attract a high level of risk. Before we proceed with our topic of choosing a right auditor, we would highlight some of the misunderstandings about the financial statements and the audit. Misconception...