The UAE is likely to struggle to recover from the impact of the COVID-19 pandemic, particularly in Dubai which is largely dependent on the real estate construction, retail and hospitality sectors. In these challenging times, it is important to know well in...
On 30 April 2019, the UAE Cabinet issued the Cabinet of Ministers Resolution No.31 of 2019 (concerning economic substance regulations in the UAE, “the Regulations”), requiring all in-scope UAE “Relevant Entities” that carry on certain “Relevant Activities” to have...
Finding savings anywhere in your business is always a positive thing and now it’s more true than ever. The overhead costs sometimes amount to huge sums and deprive you of money which you could use for more productive activities. You can reduce overheads by...
The Art Of Bookkeeping Bookkeeping is simply a process of recording daily all the financial transactions of a business. Without proper bookkeeping, it will be difficult to keep track all the money coming in and going out of your business. Many small business owners in...
“Of course I talk to myself. Sometimes I need expert advice.” Yes, we all know about this proverb but there are some industries where you simply must rely on someone else. You are either often preoccupied with millions of day-to-day items or you simply have a lack of...
