Parsh accounting and bookkeeping

  The UAE has reduced the penalties on VAT and excise tax to assist businesses and individuals to get over the impact of the Covid-19 pandemic. According to newly-released Cabinet Decision No. 49 of 2021, taxpayers who currently have penalties pending can see those reduced to 30 percent, provided they settle them before New Year's Eve, 2021. Also, late payment penalties will be reduced to 4 percent per month, a substantial reduction from 1% per day while an overall cap stays at 300 percent. The new provisions will be applicable for 60 days as of April 28, 2021. With the reduction in penalties of VAT and excise tax, it's an incredible opportunity for people and corporations to start out fresh. This is the most effective relief provided by the UAE government to the pandemic-hit businesses within the UAE. Several businesses in the UAE succumbed to administrative penalties on account of delays in the submission of the due tax. The administrative penalties are at par with global sta

  A majority of small businesses attempt to manage their own accounting tasks when they first start their business. But, there comes a period when every developing organization requires to hire regular accounting services in Dubai to deal with all the financial related obligations. This way you can focus on developing your business, and you'll additionally realize that you have a group of experienced professionals available who can give financial aid and support you at the time of the need.   That is on the grounds that the best accounting services for your business will do significantly more than just prepare balance sheet and maintain your books. They'll likewise turn into your financial counselor, so it's vital that you hire the best firm for you.   Continue to read below the given below tips to guarantee that you procure the best accounting services for your business.     Decide Your Needs Accountingand Bookkeeping Services in Dubai  can differ a lot, wh