Accounting Standards for SME in the UAE: A Practical Guide
A founder in Dubai signs a large contract, celebrates the strongest quarter the business has had, and then discovers that the company's accounting basis, tax workpapers, audit file, and chart of accounts no longer fit together. The problem isn't that the business suddenly became “too large” on paper. It's that revenue, tax status, licensing requirements,…
UAE Accounting Record Keeping Requirements Explained
A Dubai trading company can have its VAT return filed, bank account reconciled, and books apparently complete, yet still struggle when an inspector asks for the ledger behind a refund claim. The problem often isn't that the transaction never happened. It's that the invoice sits in a former accountant's inbox, the import file is on…