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07 Aug 2020

Is it Mandatory to Maintain Books of Accounts for Businesses in UAE?

Yes, Maintaining the books of accounts and necessary supporting relevant records of businesses are highly essential requirements for efficient management and control of the business operations. This may facilitate the right receipt and payment of money and other transactions entered by the corporate. Hen...

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05 Aug 2020

Accounting Software for SMEs in UAE

Is accounting software typically used in a mid-sized enterprise? Yes, Accounting Software plays a key role in the expansion of a business in UAE where it handles and provides complete information about your business financials. The right accounting software helps to manage the income and provides real-ti...

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03 Aug 2020

Importance of Financial Statements for Business

A company's financial statements provide vital information about its financial health. Financial Statements accurately reflect business performance and financial position of the corporate. Additionally, it helps all stakeholders including management, investors, securities analysts etc. to gauge and take...

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29 Jul 2020

Profit Margin Scheme under VAT in UAE

The profit margin scheme is a way of VAT calculation certainly on a product and services. Beneath this theme, you'll calculate VAT supported the ratio rather than the whole worth of the sale. This theme was introduced to avoid double taxation on the second-hand product. The merchandise eligible for the p...

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27 Jul 2020

Why Vendor Due Diligence in UAE is Important?

Almost like customer due diligence, a vendor due diligence in UAE is vital because it provides reassurance for the potential buyer that the prospect for the transaction is healthy financial-wise. So as to conduct vendor due diligence in UAE properly, a business has got to understand all the sorts of data...

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24 Jul 2020

Auditing of a Partnership Business

As we all know, the disputes among the partners are common and often lead to loss. In every firm audit is a compulsory one. There are many advantages of getting the accounts; audited, nowadays many firms make a provision for audit in their Partnership Deed. In partnership firms, the accounts are audited...

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22 Jul 2020

Changing Roles and Responsibilities of Modern CFO

As you know, amidst this business revolutionary era the CFO roles are changing. It’s becoming more focused on strategy, value and future. But the role in the service and utility sector is changing faster than the most. The ambit of the service sector is being reshaped by the general transformation that's...

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20 Jul 2020

Audit Report - Basic, Types, Contents

Nowadays opinions matter a lot, one such opinion in a statement is an Audit report. An audit report is the end product of the audit process, a mode of communication on the output results of the audit work. It acts as the written opinion of the auditor relating to the company’s financial statements. It ce...

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17 Jul 2020

Accounting‌ ‌Errors‌ ‌Commonly‌ ‌Made‌ ‌by‌ ‌Construction‌ ‌Companies

Running a construction company and want to avoid the common accounting‌ errors committed by construction‌ firms? Yes, Construction is a growing industry in the United Arab Emirates, the growth of which is measured by its project efficiency and the time taken to complete a project. In most of the cases, a...

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15 Jul 2020

Role of Accounting in IT Business

The IT industry in Dubai is an ever booming sector. Information Technology firms in Dubai are already making a big mark on a global level by employing a large number of techies from around the world. Dubai is focusing on hosting many global level technical events that will increase the participation of i...

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13 Jul 2020

Business Valuation Services in Dubai

Each time the management of the company dreams to maximise the company’s worth and shareholders wealth. If you ever commit to get a brand-new business or sell associate, the primary and foremost issue you wish to try and do is to seek out the worth of the business. It’s conjointly applicable to grasp the...

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10 Jul 2020

The Ultimate Guide to UAE VAT Administrative Exceptions

The recent guidelines on UAE VAT Administrative Exceptions indicate that the economic scenario is changing from time to time, complying with VAT rules. You may face some complexities and challenges to get fully compliant with VAT law. These challenges can be related with sorting of tax invoices of the su...

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08 Jul 2020

The Ultimate Guide to Real Estate Accounting

How useful is real estate accounting? As we all know the Real Estate industry is one of the booming sectors for the United Arab Emirates. As stated by the Khaleej Times, in 2019, more than 35,000 residential units were completed, and that has marked the highest number delivered in a single year in Dubai....

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06 Jul 2020

Restaurant Accounting Tips to Manage Your Finance

Effective accounting is equally essential as having a good chef to run your restaurant successfully. After all, one of the most important parts of travelling to a foreign country is to indulge in local and global cuisine. Setting up a restaurant instil food safety standards and it is equally important to...

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04 Jul 2020

Input VAT Recovery on Expenses in Dubai

You may be interested to know the various VAT recovery expenses for your tax planning. The thought of VAT payments itself pulldown the head. If you often get confused about the VAT treatment in business check it out here you will find something new on the VAT recovery expenses while tax planning. The bes...

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02 Jul 2020

Tax Consultant in UAE for Business Growth

Why companies require tax consultants in the UAE? A tax consultant can help the individuals as well as business concerns to advise on the taxability of transactions and to ensure that the business is complying with the UAE VAT Laws. The tax regimes vary from country to country along with the complexities...

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29 Jun 2020

VAT Penalties in UAE

Is your company prepared for the UAE VAT? As a small word tax often strikes a little bit of fear in the minds of people and creates a dilemma regarding the tax to be paid from the point of origin- point of consumption. So herewith sharing the views, concepts and ideas behind the UAE Vat penalties in ligh...

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26 Jun 2020

Benefits of Using Virtual CFO Services

Is your business thriving to survive? Are you in need of someone who keeps an eye on your cash flow? All these questions can prevail in your mind but remember apart from accounting there are other aspects which help in ticking over your business as life support. Sometimes the business owners are forced t...

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24 Jun 2020

EXCISE TAX IN UAE

Nowadays, there are countless pieces of queries on the excise tax and its calculation. The frequent enquiries regarding excise tax in the UAE put forward includes: how to register for excise tax? How to get prepared for excise tax? And how to make sure your business is 100% compliant with UAE excise tax?...

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22 Jun 2020

Needs for Financial Restructuring in Business

Sometimes your company shows a creep due to the dynamic economic situation in the market. These issues grow and make the company go through a situation that never saw coming and hitting its flow. Simply hoping that these issues get fixed by themselves, helps to see the company crumble from it. Financial...

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18 Jun 2020

How do Internal Auditors add value to the business

Have you ever thought of how internal auditing is a value-adding component to an organization? You might know that internal audit is conducted by the internal bodies of an organization to verify the accuracy of business control procedures, governance structure, risk management and overall operations syst...

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17 Jun 2020

How to Choose the Right Auditor for Your Business

Before choosing an auditor for your business, a few questions can come to your mind such as trust, guarantee on their capacity to handle your audit within the timeframe, and deadlines you require. You need to feel confident in the auditor that he shows a genuine understanding of your business and industr...

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15 Jun 2020

Business Compliance with UAE VAT Law

If you want to make sure that your business is compliant with UAE VAT law, don’t worry. Here are some ways to meet the unique needs of your business ensuring complete, VAT compliance. Value Added Tax is an indirect tax on consumption and it is mostly applied on goods and services at 5% standard rate. GCC...

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12 Jun 2020

Mistakes to Avoid While Choosing Accounting Software for Business

Still, you find issues with your accounting software? Here is the rundown of the top mistakes you perform while purchasing accounting software. As you evaluate your company’s needs, avoid the common pitfalls that undermine the potential growth of your brand value. The best way to avoid mistakes in your s...

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11 Jun 2020

Bookkeeping and Accountancy Practices for SMEs

Is your business striving to roll on higher efficiency? To get your business rolling, you need help to maintain your finance for ongoing success. In the market, you can find countless pieces of advice on accounting and bookkeeping practices for SMEs.

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06 Jun 2020

Business Finance Management During Tough Economic Times

What's the best way to manage your business finance in tough economic conditions? Considering the big picture of business amidst this pandemic, there is a tendency to attack the problems with vigour. Read more and understand how to strengthen your business finance in serious economic situations. 

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03 Jun 2020

Professional Accounting Help For Small Business Owners

Thinking of how a professional accountant can help small-business owner? Read more and understand why a trained accountant is essential for small and medium businesses. Starting a business is an exhilarating task, you need to create a strong foundation to withstand the competition in the market. Business...

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20 May 2020

UAE Economic Substance Regulations - Everything You Should Know

Economic Substance Regulations (ESR) is one of the initiatives introduced by the UAE in response to the requirements of OECD. Two resolutions were passed on ESR on 30th April 2019 and 11th September 2019. CDA explains the things one should know about the Economic Substance Regulation of UAE. 

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15 May 2020

How Can a Professional Accountant Help your Business?

A professional accountant can help your business grow and flourish in flying colours. Every entrepreneur starts a business with the intension to grow and earn profit. Accounting plays a key role in running a business as it is vital to track income and expenses, ensure statutory compliance, and provide go...

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11 May 2020

Impact of Corona Virus on UAE Economy

The coronavirus has created chaos and has brought a huge impact on the economy in the UAE. As far the UAE is concerned, the novel Coronavirus will create an immense effect on various sectors including travel, tourism, construction, commodities, hospitality industry, and a lot more. The article describes...

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27 Apr 2020

Why is Accounting called the Backbone of Business?

Accounting must be called the ‘key to Social Change’. History says so. In history every country has a story of trade. Trade was/is considered as one of the most influential weapons by many countries. If trade is there accounting will be there. Before reaching the now, developed and technologically improv...

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27 Apr 2020

Accounting Reports Helps in Decision Making Process

Every businessman’s life is constantly streamed with making decisions. Envisioning your future by peeping through your smart decisions helps in investment of funds. Accounting reports provide prompt information on the financial aspects of the business and functioning. Accounting & Financial Reports a...

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27 Apr 2020

Stop Procrastinating on Your Finance

Stop thinking and start doing the best way to get out of this messy behaviour of Procrastinating your finance. Most times our finances don’t function within the predetermined timeline and don’t maintain a system to meet the definitive due dates, which creates a last minute rush in closing of accounts lea...

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24 Apr 2020

How to do Bookkeeping for small Business in Dubai?

For us Dubai is an omphalos to business, as a land of prosperity. Dubai welcomes all the business intents to start-up their dreams. For any successful business, bookkeeping services are very crucial. Booking the economic activities of the business in summarized entry format is the major part of bookkeepi...

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13 Apr 2020

How to organize your bookkeeping at Tax time in Dubai?

Bookkeeping is the course of recording all business transactions to produce a set of accounting records. Bookkeeping services in Dubai allows the owners of the business to maintain useful accounting information about the business’ sales, expenses, assets, liabilities and equity. The role of a bookkeeper...

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13 Apr 2020

Tips To Separate Business And Personal Finance For Startups

Building of a formidable financial infrastructure for the start-ups is an extremely challenging process. The business saying “Time is money” acts as a motto for startups to begin their business journey. In their journey they always dream about a bigger financial picture. The management of your start-up f...

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09 Apr 2020

Advantages Of External Audit Services In Dubai,UAE

An external audit is the detailed and independent examination of the books of accounts of a company which is prepared by the accounts department or an independent auditor. It is an impartial scrutiny which aims at zero error within the financials.It urges as a form of objective analysis on the financial...

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07 Apr 2020

Tips To Avoid Internal Audit Mistakes In Dubai, UAE

Still you find mistakes with your financials, then it's high time to focus on internal audit services. Internal Audit is a micromanaging independent function within an organization for measuring the internal control procedures and quality check. For the purpose of achieving this objective, the Internal A...

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bookkeepers in dubai
24 Mar 2020

Most Common Bookkeeping Mistakes To Avoid To Have Successful Business In Dubai

Bookkeeping is the platform for maintaining the track of financials, and it act an integral part of the accounting process. The accounting process includes purchases, sales, receipts, and payments by an individual or an organization. In this era of business revolution, it is necessary to maintain systema...

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financial planning tips for startups dubai
24 Mar 2020

Financial Planning Tips For Startupreneurs & Professionals In Dubai

Most start-ups fail due to running out of cash? If you are among them just start to low your expenses, to remain in longevity. No one knows what’s going to happen next in business better be prepared for any worst situation, so go for financial planning, It creates a timeline to follow your financial goal...

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organize your finance for 2020
20 Mar 2020

How To Organize Your Finance For 2020

In this burgeoning business world, a better way to start 2020 is by organizing your finance. Planning, the stepping stone to organizing, create a clear picture of a fiscally sound future. The efficiency of any business is portrayed in its smooth functioning without running out of cash and in securing fun...

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outsourced accounting services for startups and entrepreneurs dubai
03 Mar 2020

How Outsourcing Accounting Services Helps Startups Or Entrepreneurs in Dubai?

Compiling appropriate accounting records is naturally an imperative aspect for all successful businesses. Accounting Services is the procedure of meticulously recording accounting transactions and conducting constructive analysis of the results to take rewarding decisions. Nevertheless, the provision of...

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cfo for startups in Dubai
24 Feb 2020

Why should startups hire a CFO in Dubai?

When starting your own business, you often ask yourself the inevitable question of ‘where from and how much finance should I invest in my business?’. Especially in a market as competitive as Dubai, with so many established firms and countless sources to obtain finance from, business owners may be emotion...

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dubai expo 202 investment source of funds
24 Feb 2020

EXPO 2020 – Importance of selecting the Investment source of funds

Businesses must assess certain factors before making a new investment. These include the rate of return from EXPO 2020, the appropriateness of promoting their company through EXPO 2020 and the agreement of the EXPO 2020 environment with their business activities. They should most importantly determine if...

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choose financial advisor for startups dubai
19 Feb 2020

How to choose a financial advisor for your startups in Dubai?

Financial advisor is a professional who has the skill and expertise to provide financial guidance about money decisions to a business allowing the owner(s) to make the most out of their initial capital investment into the business. He or she can help the business assess its financial performance and cons...

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VAT Registration Threshold Computation in UAE
10 Jan 2020

Vat Registration Threshold Computation In Dubai, UAE

Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is implemented in more than 180 countries around the world. The end-consumer is ultimately bearing the cost. Businesses collect and account for the tax on behalf...

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vat effect on startups in dubai
06 Jan 2020

How Vat Will Affect The Newly Registered Companies In The Light Of Expo 2020

Dubai was selected as the titleholder to host The World Expo 2020 with the theme 'Connecting Minds, Creating the Future'. As of now, a total of 190 countries have confirmed their participation in the mega event. The international business exhibition is going to be hosted by Dubai from 20th October 2021 t...

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reverse charge mechanism
26 Dec 2019

Reverse Charge Mechanism

CDA has been providing its skillful services to the business world for the last so many years fulfilling the needs of its clients with complete satisfaction. We can assist you deal with the VAT filing of your business in a better way and help you comply with the VAT rules on Reverse Charge Mechanism.

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books of accounts vat in dubai
20 Dec 2019

Books of Accounts – Under VAT Scenario in Dubai

CDA provides highly qualified and experienced chartered accountants as tax advisers who have relevant industry specific experience in taxation complying with UAE Laws to prepare books of accounts and to meet the VAT filing requirements for your business. We are committed to provide the best VAT Advisory...

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18 Dec 2019

Bad Debts Adjustment Scheme Under Vat In Dubai

VAT filing has become an outlandish situation for many businesses due to ignorance of the compliance to law and lack of proper guidance. Any wrong interpretation of the law will lead to any bizarre situation with hefty penalties, loss of goodwill and lack of peace of mind. CDA professionals will examine...

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dubai expo 2020
16 Dec 2019

Dubai Expo 2020 And Its Effect In UAE Economy

Expo 2020 Dubai will definitely be an entryway into new markets for all businesses, offering them the chance to develop relationships with nations, multilateral organisations, corporations and educational institutions, as well as millions of visitors, reverberating Expo’s theme of ‘Connecting Minds, Crea...

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part time accounting services in dubai
29 Nov 2019

Advantages Of Part Time Accounting Services In Dubai

CDA is a pioneer in providing part-time accounting services in Dubai and all over the UAE. It’s a team of highly competent and skilled accounting professionals. CDA offers categorically skilled and professional Part-Time Accountants who are cost effective for your company and in compliance with universal...

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how vat work in uae
18 Nov 2019

How Does Vat Work In Uae?

The United Arab Emirates Implemented Value Added Tax (VAT) on 1 January 2018 with a rate of 5 percentages on goods & services. VAT provides the country with a new basis of income, donating to the continued facility of high-quality public services in the future. It also helps the government move towards...

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accounting and bookkeeping requirements of startups in dubai
21 Oct 2019

The Accounting & Bookkeeping Requirements for Start-up Companies in UAE

In the busy schedule, it may not always be possible to stay up to date with limited knowledge and resources. In this situation, outsourcing is a better option. Since your balance sheet, your bookkeeping and your cash flow forecasts often control your growth strategy, as a beginner, you may be in a dilemm...

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internal auditors in dubai
04 Oct 2019

Role and Functions of Internal Auditors in UAE

An expert auditor can provide you with certified assistance and guide you in all your financial matters to tackle the turtle and gear up; for, the audit report delineates a clear-cut and comprehensive representation of the pecuniary stability of a company. Read more to understand the role and functions o...

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how vat affect common man in uae
04 Oct 2019

How VAT in UAE Will Affect the Common Man

The tax-free life of the citizens of the UAE came to an end on 31 December 2017 by the implementation of Value Added Tax by the Emirates. The GCC countries agreed to impose a rate of 5% tax on certain goods and services from 1 January 2018. Though the VAT rate is minimal compared to other countries in th...

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professional bookkeepers in dubai
03 Oct 2019

Why You Need a Professional Bookkeeper to Run a Business in UAE

The primary purpose of bookkeeping is to keep an entire and exact documentation of all the pecuniary operations in an arranged and organized mode. A book of account reflects the fiscal upshots of these operations or transactions.

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03 Oct 2019

VAT Deregistration Penalty in UAE

Deregistration of VAT in the UAE means business in UAE cancels its VAT registration with the Federal Tax Authority (FTA). VAT deregistration in UAE is as important as registration for a VAT. There could be various reasons for canceling the registration for VAT in UAE. But such reasons should comply with...

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17 Sep 2019

Why VAT Consultancy Services required for your business in UAE?

A brilliant VAT consultant not only helps your business meet the required VAT standards but also provides inclusive solutions to run the business successfully and productively. A competent VAT consultant improves your business performance, operational efficiency, and VAT compliance.

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business advisory services in dubai
10 Sep 2019

Business Advisory Services and its Effective Benefits on Business

Business Advisory Services are provided with the intention to support businesses to identify their strengths and overcome weaknesses in precise areas. These services give advice on business strategies like Budgeting and Cash Flow, Business Improvement and Transformation, Buying or Selling a Business, Pro...

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outsourcing accounting services uae
30 Aug 2019

Benefits of Outsourcing Accounting Services for Your Business in UAE

There are several benefits of outsourcing accounting services for your business.It may be difficult for a business to manage the Accounting Activities within when compete with others and to comply with the legal requirements in the fast growing economy of the region. So Outsourcing Accounting Services ca...

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importance of tax audit
29 Aug 2019

Importance of Tax Audit And Its Effect On Business

​​​​​​​Tax is an enforced contribution to a state’s revenue, imposed by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions. Taxation is a method by which governments back their overheads by imposing charges on citizens and business entit...

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cfo services in dubai
19 Aug 2019

How a Qualified CFO can Bring Added Value to the Company

CFO or the Chief Financial Officer is one among the strategic higher-ranking executives in any private concern and is imperative to an organization’s long-standing success. He is the one responsible for the financial actions of a company. In the past, the CFOs had to concentrate only on the financial ope...

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the digital tax stamp scheme in dubai
19 Aug 2019

The Digital Tax Stamp Scheme

The Federal Tax Authority of the UAE has announced that from 1 August 2019 onwards, the sale or possession of any kind of cigarettes which do not bear the Red Digital Tax Stamp will be banned in the UAE domestic market.

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07 Aug 2019

The Effect of UAE VAT Law in Real Estate Sector

The value-added tax law (VAT) @ 5% came into effect in the UAE from 1 January 2018. According to FTA (Federal Tax Authority) and DLD (Dubai Land Department), the impact of VAT on Real Estate in the UAE will be trifling, as about 85% of the components in the Real Estate are not exposed to tax.

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tax refunds for international funds
19 Jun 2019

Tax Refunds for International Events & Seminars Conducted in UAE

On 16th June, 2019, the UAE Cabinet has approved the decision of tax (VAT) refunds for all international events and seminars conducted in the UAE. This decision specifies that the facilities operating in the seminars, conferences, or exhibitions sector are qualified for VAT refund imposed on the arrangem...

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vat refund scheme in uae
19 Jun 2019

Vat Refund Scheme for Tourist Visa holders

Good News! for tourists in UAE. Visitors and tourists can now claim VAT refund which they have paid on purchases during their stay in the country. Upon leaving, the tourists can reclaim taxes for their purchases from a fully electronic system or self-service kiosks. That means instead of going to an offi...

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vat de-registration services
02 Jun 2019

When and Why You Need to Deregister VAT in UAE

Here we will see the situations when you need to deregister VAT in UAE. Individuals and companies in UAE who registered with the FTA (Federal Tax Authority) for VAT (Value Added Tax) can deregister from

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vat refund scheme for uae
20 Apr 2019

VAT Refund Scheme for UAE Nationals

Under the UAE VAT Law, construction of any type of buildings is a taxable supply. Thus, when an individual build even a residential building, he needs to pay government tax for the construction related expenses which includes contractors’ bill, building materials, and so on.

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vat planning and execution services dubai
17 Jan 2019

Business and Accounting Advisory Services , Proper VAT Planning & Execution, Effective...

Almost every business owner understands the need of keeping their financial books right. This is mostly due to the legal implications of failing to do so. For instance, in a region like United Arab Emirates, incompliance towards financial laws would invite serious issues to the company’s existence.

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outsourced accounting services in dubai
17 Jan 2019

5 Key Benefits of Outsourcing Accounting Activities

There is no doubt over that accounting activities are essential in every organization. It does not matter how small or big your organization is, you have to keep everything under transparent eyes. That is why you would have to enable consistent services of accounting and bookkeeping all along.

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accounting services for business services in dubai
17 Jan 2019

Accounting Services – Taking Your Business To The Next Level

We often think accounting services are quite underrated. Not many business owners understand how useful they can be for their organization. To say the least, the right accounting services can take your business to a new level.

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