Profit margin tax is a value-added tax (VAT) scheme created by the FTA AE for the benefit of the used goods industry.
The scheme allows VAT to be applied only to…
The Evolution of Cloud Accounting
In the past few years, we have witnessed the birth and rapid evolution of cloud computing, with more and more traditional services being replaced by their…
Considering submitting a correction to your previously submitted vat calculations?
If you become aware that a VAT Return that you have submitted previously contains errors that resulted in a calculation…
Starting a small business is one of the toughest things you will do in your life, so its important that you are equipped with the right tools to make it…
Thinking of purchasing Tally ERP 9? Read this article before making that decision.
Disadvantages of Tally ERP 9
Not user-friendly at all. I have met many CEO’s and In-House Accountants…
VAT Registration can be complex and getting it wrong could mean that your application is ‘denied’ or you incur a penalty for incorrect submission. Getting it right could be a…