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 processes for reviewing objectives, we have compiled our list of classics to help those who are starting new businesses or who would to improve their existing processes. Step 1: Review […]
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 your operations and leaves your business without the necessary cash to cover it’s outflow obligations. While most organisations have accounts receivable policies that dictate when to bill and when to […]
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) in the world. If you are in the export sector or looking to get into it , you will be aware that VAT is zero-rated for the export of goods […]
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. But make no mistake, e-commerce businesses incur costs just like any brick & mortar store and some of these sneaky costs go unnoticed. To avoid unexpected bills, keep an eye […]
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 a business, there’s not much time left for identifying which ones to track through the plethora of Key Performance Indicators. More often than not, you end up going through a […]
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 you can cut business expenses to save money and improve profit margins. We recommend start by reviewing your expenses line by line and finding the excess “fluff”. By using the […]
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 leaking profits. Perhaps, you are loosing money that should be coming in or you aren’t bringing in enough money to cover overhead costs. Not knowing why or how 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 the UAE in 2018, multitudes of organisations rushed to become VAT compliant, and 3 years later, this task has not gotten any easier, with many organisations having incurred penalties for […]
The Future of Accounting
The Accounting profession has not been spared from the effects of the persistent Covid-19 pandemic. For some, the effect of the pandemic presented opportunities for investment in technological advancements whilst for others, it resulted in total disruption to daily business activities thus the accounting function. The seriousness of the effects however, depended on the level […]
Seychelles International Financial Services Association (SIFSA) Proposal on International Business Company (IBC) Act amendment
Known for its flexibility, quick incorporation, inexpensive government fees, and strong legal structure, Seychelles can boast having one of the world’s fastest-growing company registrations. The Seychelles IBC (Seychelles International Business) is considered one of the most popular types of Seychelles offshore companies as it is widely used as a corporate vehicle for use as a […]
