Skip to main content Skip to search

Archives for June 2020

Managing Cash Flow for Business

Cash Flow in any business basically means the cash inflow from the revenue minus cash outflow from the expenses. Positive cash flow occurs when the cash receipts in the business from sales, accounts receivable, etc. are more than the amount of the cash leaving your businesses through accounts payable, monthly expenses, salaries, etc. Negative cash flow occurs when the outflow of cash is greater than your incoming cash.

Read more

COVID’19 – Tackling the challenges of Business today

With the advancement of COVID’19 the pandemic in the past few months, the commercial industry has seen a variety of challenges. A pandemic cannot be confined to merely a major health crisis, it has had a subsequent effect on businesses across the globe. Not only has it gotten businesses to rethink and restructure their ways of operations, it has made companies with high profits, in the pre-pandemic times, difficult to survive in the current market. It is safe to say almost all industries have taken a hit, but here let us look into some of the worst-hit industries:

Read more
VAT Impact of Export of Services

VAT Impact for Export of Services

Whether to apply zero-rating to the export of services and how to do so, has been a recurring concern amongst businesses in the UAE, especially to those providing consultancy services.  Federal Law no. 8 of 2017 on Value Added Tax (“VAT Law”) and Cabinet Decision No. 52 of 2017 on the Executive Regulations of the Federal Decree-Law no. 8 of 2017 on Value Added Tax (“Executive Regulations”) have clearly defined the services which are zero-rated and those that are exempt.

Read more