Parsh accounting and bookkeeping

  VAT in UAE Value-added tax is imposing charges on the transaction of goods and services. Value Added Tax is applied at each stage of the existing supply chain.  The companies collect tax and account for it on the behalf of the government of the Federal Tax Authority. There are three categories under VAT. 5% Value added Tax Zero Rated Supplies Exempt Supplies There are some eligibility criteria to register for VAT in UAE, and they are as follows: If the value of taxable supplies and imports exceeds AED 375,000, the business is required to register for VAT. If taxable supplies are from AED 187500 to AED 375000, then a business can go through for voluntary VAT registration. To know more about the limits or not sure about whether to register for VAT, you can look for the advice of a VAT expert in UAE . Documents to be submitted for VAT Registration Here are the Required VAT Registration Documents in UAE Copy of busine

 If you're uninterested in working under somebody else, it’s time to make changes in your life. To be your own boss, it's important to start up a business. Now the question is where to line up this business? Dubai is one of the right destinations for new Business setups in UAE . here are a number of the Reasons for  Business setup in UAE . Growing economy - UAE is open to all for all business opportunities and activities. For the past 40 years, UAE has been considered the best location for doing business. this is often due to the high per capita income, open economy, and high trade yearly surplus. the most reason for the  sudden development  of the economy is that the Emiratis are rich and that they provide stability to all or any the businesses in terms of financing. This paves way for a huge flow of imported capital thus making the economy stronger. Proper legal framework - To welcome foreign investment within the country, the govt of the United Arab Emirates has reviewed the

  A Good VAT consultant can avoid fines and keep the company operations smooth.     Many companies have already started hiring consultants all over DUBAI. Consultants are also approaching organization in their own way. Even some of them have developed VAT Consultants to facilitate their clients as a useful tool.   Things should be kept in mind before hiring a VAT Consultant.   Understanding of the VAT Law Sometimes the laws can be complicated in matters of handling & managing VAT affairs in any industry. It sometimes can also be harmful to Exempt or zero-rated industries/ organizations if the proper understanding of the law is not observed.   Although the law is very simple yet while planning or giving an opinion everything should be on the table of discussion because any un-wanted mistake/ error/ omission can lead to fines.   So hire a VAT consultant in the UAE   to have a good understanding of VAT Law.   Experienced Consultant   The consultant should

Just like regular health check-ups of the human body or any automobile, our business also needs regular check-ups of accounting, finance, cash flow, and performance of Business. Administration and Finances of the company need timely support from experts. With the profound knowledge of International taxation and UAE vat Law, our professionals can help your business perform exceptionally.   Core financial health report that ought to be used at your business to live success 1. Income Statement It is a budget that functions as a report of the revenues and expenses of a corporation for a particular period of your time. It helps in measuring the company's Profit over a specific period. 2. Balance Sheet The record differs from the earnings report within the incontrovertible fact that it determines the Financial Analysis  of your business. It helps you identify what proportion you owe and the way much you own. 3. Cash Flow statement It helps you identify the liquidity of money within the

  Dubai certainly is one of the wells off states of the world. It has now become the central point for businesses from all around the world.   There is a reason behind it, as it’s the business hub of the world in the meantime. If you are also planning to get a Startup business in Dubai then you need to know some amazing ideas. Here are some ideas for a S tartup business in Dubai . Career Coaching: You can start your own coaching & counseling service If you are good at teaching and have fair knowledge and experience in career coaching & Counseling then you could consider taking steps ahead in this niche. Countless fresher graduates and professionals need such kind of counseling every now and then, to become successful. Online Stores: Nowadays Selling products on the internet become trending and easier. And  E-commerce has become trending in Dubai, with many people choosing to buy products online. Selling online your products & service could also be a beneficial an

  Every Company would like to know that their finances are organized properly or not. Hiring Accounting companies in Dubai can help you to take financial decisions independently. An accountant can help you to invest your funds into firm stocks and investments with regular returns to make it less of a danger for customers and also helps to decide which business ventures will be a great option for their customers to follow and might even assist their career route. here is more detail about the major benefits of hiring an accounting firm.   They Will Save Time as the owner or CEO of any company already is overloaded with a lot of work and cannot able to see into all matters of the company. Accounts are one of the most important departments of the company and decide whether they explain your company's financial report. If you hire an accounting & bookkeeping firm in Dubai means saves a lot of time and you don’t have to worry about that work.   Tax Experts Accounting f