Accounting Archives - Page 2 of 3 - Creative Tax & Accounting

15 Jul 24

Cash vs. Accrual Accounting – What is Better for Business?

Cash vs. accrual accounting is widely discussed among the accounting fraternity. In this blog we shed light on the key differences.

22 Mar 24

The Role of Accounting in Business Decision-Making

The role of accounting in business decision-making is very crucial. It forms the basis of any business decision-making exercise.

05 Jan 24

Financial Risk Management: Mitigating Financial Risks

Financial risk management is a fundamental practice that every business should follow. This blog gives key information on financial risks.

20 Oct 23

Maintaining Financial Records for Corporate Tax in the UAE

The new corporate tax regime in the UAE highlights various aspects of managing businesses. The imposition of corporate tax doesn’t only mean calculating and paying taxes. It has impacted the very nature of managing a business. One of the key aspects of this business management evolution is maintaining financial records…

28 Sep 23

Financial Forecasting and Budgeting in the UAE: 8 Key Tips

This blog discusses 8 essential tips for effective financial forecasting and budgeting in the UAE - vital for any business.

22 Sep 23

Green Accounting: An Introduction

Green accounting is a modern-day concept in the field of accounting. This blog discusses and provides an introduction to the topic.

13 Sep 23

Basic Accounting Guidelines for Startups: 7 Tips

Starting a new business? Don't worry about the accounting. This blog provides basic accounting guidelines for startups.

31 Aug 23

E-commerce Accounting in the UAE: A Guide

The UAE is an attractive home for countless e-commerce businesses. There has been rapid growth in the e-commerce sector in the last few years. With the thriving digital economy and rising tech-savvy population, there is a need for proper accounting to ensure compliance. Proper accounting will also lead to the…

25 Aug 23

Exploring Cloud Accounting: Advantages & Potential Risks

Cloud accounting is a modern approach to accounting. This blog discusses key benefits and risks of cloud accounting.

05 Nov 19

First year of VAT in the UAE 5 tips to safeguard your business from penalties

The introduction of Value-Added Tax (VAT) in the UAE is part of the government’s strategy to diversify its revenue source, secure its national fund for the improvement of public services, and to reduce its dependence on oil. The Federal Tax Authority (FTA) released a statement confirming that the number of…

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