KBA Accounting and Bookkeeping Services Blog
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KBA offers one of the best Accounting services in Dubai & a top bookkeeping firm in Dubai with Certified Chartered Accountants. This blog is your gateway to meticulously researched industry news, thought-provoking analyses, and expert opinions that illuminate the path forward.
KBA Accounting and Bookkeeping Services Blog
1y ago
Chartered Accountants in Dubai UAE
Looking for a reliable and experienced chartered accountant in Dubai? We are a leading accounting firm in the UAE, with over 10+ years of experience in providing high-quality financial services to businesses of all sizes. Trust us to handle all your accounting needs, from bookkeeping and auditing to tax return filing.
Chartered Accounting Firm in Dubai
There are many reasons to consider working with a chartered accounting firm in Dubai. For businesses operating in this city, having access to professional financial advice and guidance can be invaluable.
When ..read more
KBA Accounting and Bookkeeping Services Blog
1y ago
Accounts Receivable Management Outsourcing Services
Outsourcing Accounts Receivable Management Services is beneficial in many ways, regardless of the size of a company. Enterprise-sized corporations may need to rapidly scale up their accounting departments during busy times of the year; growth-oriented businesses may not require a full-time accounts receivable clerk or analyst.
Accounts receivables has a variety of functions:
The accounts receivable department has two main responsibilities:
1. Tracking predicted revenue (invoicing) and attempting to collect those revenues. 2. Assisting in ..read more
KBA Accounting and Bookkeeping Services Blog
1y ago
What is Forensic Accounting in Dubai ?
Forensic Accounting Services Dubai is a type of investigation that looks for signs of fraud, embezzlement, theft, or poor financial controls. Because your company’s accounting team is the most prevalent source of fraud, fraud investigations must be handled by an outside forensic accountant.
You should hire forensic accounting services if :
You think your accountant, bookkeeper, managers or any other employees are stealing money from the company.
You have doubts about your controller, finance manager, or CFO’s abilities.
Your executives are baffled by t ..read more
KBA Accounting and Bookkeeping Services Blog
1y ago
Accounts Payable Outsourcing Services
Growing businesses should always maintain relationships with a wide range of suppliers and vendors. Vendors with varying invoicing standards/procedures can make accounts payable processes extremely time-consuming. Accounts Payable Outsourcing Services in UAE can help to streamline the AP process while also ensuring that payments to vendors are processed quickly.
About Accounts Payable
Accounts Payable are the short-term liabilities incurred by a company when it purchases goods or services on credit from suppliers/vendors. The accounts payable process is ..read more
KBA Accounting and Bookkeeping Services Blog
2y ago
Preparing and maintaining accounting records is possibly the most important component of a business, and it is something that every company must accomplish. Regular Account Supervision Services will not only help you manage the current state of your business, but it will also help you reach new heights of success in the future. Accounting Supervision Services in Dubai, UAE play a crucial function in this area because they are responsible for guiding the in-house accountant towards best practices to maintaining proper recording and reporting of financial transactions.
How Accounting supervis ..read more
KBA Accounting and Bookkeeping Services Blog
3y ago
Value Added Tax (VAT) on Real Estate Industry in the UAE
The VAT (Value Added Tax) came into effect approximately three years ago in the UAE. Since it has been just three years, it is quite hard to analyze the impact of VAT on Residential Real Estate in the UAE. However, if you want to clearly understand how VAT works in real estate in UAE, you will need to follow how the FDA is rating the non-taxable and taxable supplies in the real estate sector.
According to the VAT Law rates, the suppliers in the field of real estate are being rated mainly into three different categories and they are stan ..read more
KBA Accounting and Bookkeeping Services Blog
3y ago
VAT Refund in the UAE : All Taxable Persons (legal person or legal individual) in the UAE are required to file VAT returns according to their tax period that will show the details of sales, purchases. Output VAT collected and input VAT that was paid during the tax period has to be recorded properly.
In this context, output VAT is the amount collected by the business through its sales while input VAT is the amount that was paid to the supplier by the business. The adjustment of input VAT and output VAT will lead to one of the two scenarios:
VAT payable: This happens when output VAT is greate ..read more
KBA Accounting and Bookkeeping Services Blog
3y ago
How to claim VAT refund in the UAE?
All Taxable Persons (legal person or legal individual) in the UAE are required to file VAT returns according to their tax period that will show the details of sales, purchases. Output VAT collected and input VAT that was paid during the tax period has to be recorded properly.
In this context, output VAT is the amount collected by the business through its sales while input VAT is the amount that was paid to the supplier by the business. The adjustment of input VAT and output VAT will lead to one of the two scenarios:
VAT payable: This happens when output V ..read more
KBA Accounting and Bookkeeping Services Blog
3y ago
What is ESR / Economic Substance Regulations in UAE?
On 30 April 2019 UAE introduced a Resolution on the Economic Substance and these regulations are applicable for all private sector companies. This regulation lists out the minimum financial criteria’s and tax framework that the licensed entities operating in UAE shall follow. This resolution was introduced as part of the membership requirements of OECD and its related taxation and auditing Framework.
Economic Substance Regulations & Business in UAE
All private sector companies in UAE including onshore and free zone companies comes under ..read more
KBA Accounting and Bookkeeping Services Blog
4y ago
What is ESR / Economic Substance Regulations in UAE?
On 30 April 2019 UAE introduced a Resolution on the Economic Substance and these regulations are applicable for all private sector companies. This regulation lists out the minimum financial criteria’s and tax framework that the licensed entities operating in UAE shall follow. This resolution was introduced as part of the membership requirements of OECD and its related taxation and auditing Framework.
Economic Substance Regulations & Business in UAE
All private sector companies in UAE including onshore and free zone companies comes under ..read more