Discover powerful small business accounting software designed to streamline your financial management processes. Learn about its robust features and how it can benefit your business. Zoho Books is tax-compliant accounting software that facilitates receivables and payables management, team collaboration, workflow automation, and financial monitoring. Why Small Businesses Require Accounting Software. As a small business owner, […]
Corporate Tax, also referred to as corporate income tax or business profits tax, is a direct tax levied on the net income or profit of businesses. In the UAE, this includes businesses operated by natural persons. This article will clarify who qualifies as a natural person under the UAE corporate tax regulations. What defines a […]
To empower small businesses, the UAE has introduced Small Business Relief as a key provision under its new corporate tax regime. This initiative simplifies the corporate tax framework for small businesses, easing the burden of calculating and paying Corporate tax. It also assists tax consultants in the UAE by reducing the complexity of compliance requirements. […]
Zoho Books is a cloud-based accounting software designed to streamline your financial operations and empower informed business decisions. With its robust feature set, Zoho Books caters to businesses of all sizes, from startups to established enterprises. This comprehensive review delves into the functionalities of Zoho Books, highlighting its strengths and exploring the benefits it can […]
(Article 17)–Family Foundations An application may be made to the Authority to classify as an Unincorporated Partnership provided it meets the following criteria: (Article 16)–Unincorporated Partnerships (Article 38) – Transfer of Tax Losses Tax losses may offset taxable income of another party provided that: Tax Return The Taxable Person must submit a Tax Return no […]
Starting from June 1, 2023, the UAE has implemented a new corporate tax on companies’ net profits. This introduces additional obligations for many entrepreneurs. In this article, we’ll explore the applicability of the new tax, its rates, taxable incomes, and exemptions. What is the corporate tax? The corporate tax applies solely to business profits, calculated […]
The Ultimate Solution for Accounting Software Tally Prime Tally Prime is a comprehensive business management software designed to handle accounting, inventory, payroll, taxation, and more. It offers a user-friendly interface, advanced features for financial reporting, and tools for efficient business operations. Tally Prime helps businesses streamline their processes, ensuring accuracy and compliance, and provides real-time […]
The Ministry of Finance of the UAE manages and develops the financial resources of the federal government. Through effective fiscal policies and both local and international relations, they ensure the development, integrity, and sustainability of the fiscal system in line with best practices. To position the UAE as a leading global hub for business and […]
Say farewell to outdated accounting methods like physical ledgers and spreadsheets. Tally Prime offers innovative automation, enhancing efficiency and accuracy. Embrace Tally Prime for quick, reliable accounting, boosting profitability and productivity instantly. Discover how Tally Prime transforms traditional practices, streamlining your accounting processes in our blog. Traditional accounting methods, like using physical ledgers and spreadsheets, […]
How To Prepare For Corporate Tax Filing In The UAE? Preparing for corporate tax filing in the UAE involves several key steps to ensure compliance with local tax regulations and to optimize your business’s financial health. Here’s a comprehensive guide to help you prepare for corporate tax filing in the UAE. Fundamentals of corporate tax […]