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CRESCO Accounting publishes regularly articles about accounting and accounting related topics.
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New E-commerce VAT Reporting Rules for UAE businesses
As of 1 July 2023, Emirate-Level VAT Reporting will be implemented for resident taxpayers and will require them to report taxable supplies made through e-commerce
How Middle Eastern CEOs are future-proofing their companies.
According to a report published by PWC, Middle East CEO’s are optimistic about the region’s economic growth prospects, with two thirds of business leaders expecting
Become more competitive by establishing a cash culture
Where your cash is going determines where your business is heading. Prior to COVID-19, a cash culture was not a priority – businesses were looking
UAE Corporate Tax: Impact on contracts, permanent establishments and more
With the introduction of Corporate Tax in the UAE on 1 June 2023, there will be significant compliance obligations on companies in the form of
How to establish & monitor your company goals
Every New Year most company’s hit the reset button on their objectives and KPI’s for the next 12 months. While most organisations have their own
Unlock the cash tied up in your accounts receivable
One of the most frustrating things for any business is knowing that your cash is tied up in accounts receivable. It puts a strain on
What are the conditions for exports to be considered as zero rated VAT supply?
The UAE is by far the largest exporter of goods among all the GCC states and is the 29th largest export economy (as of 2021)
5 Costs to Keep Track of when running an Online Business
Often to start an e-commerce business all you need is a good internet connection, computer, killer website and a few sought after products to sell.
Small Business KPI’s to Assess Business Performance
Many small business owners and entrepreneurs know they should be tracking key performance indicators for their businesses, but with so much time going into running
4 Ways to Cut Your Small Business Expenses
Global crisis are resulting in uncontrollable price hikes, which is effecting many businesses bottom line. While these increases are not controllable internally, there are ways
Is your business leaking money?
Have you ever gotten to the end of the month and your revenue is less than expected? In most cases, this is because you are
6 mistakes business make when filling VAT returns on their own
VAT and Tax in general is a deep dark hole that many business struggle to find their way around. Since Vat was introduced in
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