Guide

Dear Reader, We are reaching out to bring your attention to significant changes in the Income Tax law, specifically in relation to payments made to Micro and Small Enterprises (MSEs). These changes bear substantial importance for your business compliance from FY 2023-24 (AY 2024-25). The Finance Act of 2023 has introduced amendments to Section 43B […]

Artificial Intelligence has profoundly developed, impacting multiple fields such as accounting, healthcare, learning design, technology, manufacturing, and education. One area that AI has significantly impacted is accounting, auditing, and financial reporting The world of accounting has undergone significant transformations over the years, from manual bookkeeping to the adoption of computer-based accounting systems. However, in recent […]

The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the “Corporate Tax Law”) was issued by the United Arab Emirates (“UAE”), on 09 December 2022. The Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax (“Corporate Tax”) in the […]

What is IPO: Meaning and Definition Initial Public Offering, or IPO, is a unique process to convert a private company into a public company by issuing shares. The issuance of shares for the public allows the company to gather capital and is an excellent opportunity for the public to invest and earn returns on that […]

What is Income? Income Tax is an annual tax to be levied on all income earned by a person during the financial year. This Financial year is called as pervious year (P. Y.) under the Income Tax act and details regarding income earned during P.Y. need to file with the government in the next financial […]

Friends! Don’t you get carried away by the big terms “Mergers” & “Acquisitions”! Well, let us understand in a comfortable way with the easiest of examples such as: When a woman marries a man and they have a baby and become a big happy family, it’s nothing but a merger in corporate terms. Also, therefore, […]