What Is Due Diligence Audit
Whether you thinking about purchasing a business to begin your journey into small firm ownership? Or do you like to buy a product to add to your business, or you need to acquire another small business to expand your present one? If your answer is yes to any of these queries, then you need to […]
BOOKKEEPING SERVICES IN THE UAE
Bookkeeping is the recording of the company’s financial transactions in a chronological and systematical order. Due to bookkeeping, all the information of the company is recorded which helps the company to understand the financial position of the company which further guides the company in taking all the financial decisions. Accurate and timely bookkeeping is […]
EXCISE TAX IN THE UAE
Excise tax is the indirect tax levied on certain goods that are considered to be harmful to the health of human beings. The objective behind the introduction of the excise tax in the UAE is to reduce their consumption so that it promotes a healthy lifestyle in the nation. Excise tax in the UAE will […]
Auditing companies in Dubai
An auditing company is a firm that reviews activities to identify inefficiencies, cost reduction, or else achieve organizational goals. Auditing companies may spy on possible theft or fraud and ensure conformity with applicable regulations and policies. ARC Associates is a group of auditors and accountants, established in Dubai, providing comprehensive services in audit, finance, accounting, […]
Risk Audit
We always hear the word “Risk†in the audit atmosphere these days. Risk has become so important in audit parlance that we have specialized in “risk audit†training now. There are also auditors who have obtained special training on risk audit. Risk audit is defined as the uncertainty of an event occurring that could […]
Procedure of Auditing
Auditing refers to a systematic and independent examination of accounts, books, documents, and vouchers of an organization to clarify whether financial statements present true or fall. Auditing Procedures attempts to verify that the books of accounts are properly maintained as per the Law. It is the process of reviewing and investigating any aspect of the […]
VAT Consultants in Dubai
VAT Consultants in Dubai: ARC Associates – Accountants and Auditors in Dubai provide the best vat consultancy services to the clients in Dubai. We at ARC Associates have a great team that caters to the clients as their consultants. With the introduction of taxation in the UAE and the implementation of VAT in Dubai, we […]
VAT Return Filing Deadline Approaching Soon
All the VAT registrants, whose tax period is ending on 31st May 2018, will have to submit their returns by 28th June, the deadline set by the Federal Tax Authority. According to the reports, the FTA has already started receiving tax returns through the e-Services portal of the official website. It urged all registered businesses […]
How Can I Claim VAT Refund for New Residence
If you are planning to own a home, then it is important to know about the requirements set by the Federal Tax Authority to process a VAT refund for a new residence. What are the criteria for claiming a VAT refund for a new residence? You must be a UAE national The capital under […]
Be aware of record keeping in VAT and avoid troubles
Even though UAE businesses have maintained records and accounts in the past for internal references after the introduction of VAT record keeping is made mandatory. The law says that every VAT registrant must maintain accounts and records for a specific period of time so as to avoid penalties. It is required to maintain the records […]