Author name: Pro Tax Accountant

When it comes to taxation in the UAE, two terms frequently make headlines:  Corporate Tax (CT) and Value-Added Tax (VAT).   While both are essential components of the country’s economic framework, they serve distinct purposes and affect businesses differently. Understanding the difference between corporate tax and VAT is crucial for ensuring compliance, optimizing financial planning, and avoiding […]

In today’s fast-paced business environment, staying organized and efficient is essential for success. Enter cloud bookkeeping solutions—a game changer for businesses in the UAE! If you’re tired of dealing with piles of paperwork and want to streamline your accounting processes, this article is for you. Let’s explore what cloud bookkeeping solutions are, their benefits, and

Capital expenditure (CapEx) is the lifeblood of long-term business growth, especially in fast-paced markets like the UAE. Whether you’re expanding a Dubai-based startup or managing a multinational corporation, understanding CapEx ensures smarter investments and healthier cash flow. In this guide, we’ll break down CapEx formulas, depreciation, and best practices—plus how to align it with UAE

Running a small business is a lot of work, isn’t it? From managing daily operations to growing your brand, keeping track of finances can feel like a never-ending task. But what if you could simplify everything, save time, and make better financial decisions with just one app? That’s exactly what small business accounting apps are

Businesses operating in the UAE and registered for VAT must follow specific compliance requirements set by the Federal Tax Authority (FTA). However, when certain conditions are met, businesses can deregister from VAT. In this guide, we’ll explore the VAT deregistration threshold, VAT deregistration requirements, VAT deregistration process, and penalties for non-compliance. What is VAT Deregistration?