Business Behavior Hub

An offense will be charged by a person who, under Section 51(1) (a), does not get registered for value-added tax right according to section 12 of value-added tax. No matter whether the person is knowledgeable about the value-added tax liability or not, they will be penalized if they don’t get registered for VAT within the timeframe. The penalty for not registering for value-added tax within the timescale is AED 20,000. The fines and penalties will be no fewer than AED 500 and not more than 300% of the value of the tax on the transaction in question. Failure to keep the records Keeping the required documents and data is essential if you do not want to get penalized. The penalty for not following the data needed for value-added tax in Dubai is 10,000 United Arab Emirates Dirham for the first time. If the breach is repeated, AED 50,000 will be imposed as fine for each repeated offense. Additionally, if the records are not submitted in the Arabic language if the Authori...

Choosing the right rugged device for your work is a tricky decision. Rugged laptops and tablets are both approved to military-grade standards (MIL-STD-810G) and work in the harshest conditions. They can sustain drops, vibrations, shocks, and liquid spills. When choosing a rugged device, you want to think about what you need the equipment to do. If your job demands from you to take lots of photos in the field, then you need a rugged tablet Rugged Laptops: Rugged laptops are built from tough materials that let them function in environments where a typical laptop would fail.  Rugged laptop  provide reliability, functionality, protection, and high-quality performance to a range of professions, including military personnel and other jobs subject to changeable conditions.   Unique Features: Most of the rugged laptops are furnished with the following features: Operates in severe temperatures (-30 degrees Celsius to 50 degrees Celsius) Can withstand m...

Value-Added Tax (VAT): Introduction A value-added tax is a consumption tax put on a product whenever a value is added at every step of the supplied string, from production to the point of sale. The amount of value-added tax (VAT) that the user spends is on the cost of the goods, less any of the costs of materials used in the product that has already been taxed. Value-added taxation is based on taxpayers' expenditure rather than their income. In contrast to a rising income tax, which levies higher taxes on higher-level earners, VAT registration in Dubai applies equally to every purchase. Value-added tax accounting methods There are three options to the standard VAT accounting method: 1.   Annual accounting VAT scheme It is just like the standard value-added tax accounting method, except that you do not fill in quarterly returns. Instead, you have an annual value-added tax reporting and payment deadline. Some businesses hold this the same as their corpor...

Accountants examine and prepare financial documents for organizations and individual clients. Though, in-demand skills for accountants vary by specific job title. Regardless of their specialized profession, all accountants must analyze and interpret complex financial data and then communicate their findings to clients clearly and concisely. The role also requires strong interpersonal skills; many accountants work on teams and meet with clients regularly. The top skills for accounta nts in this field need to succeed are: 1.   Analytical Skills Accounting work demands a meticulous, detail-oriented focus. Accountants need to sift through hefty financial records to ensure every detail is accurate and current. Otherwise, their analysis may yield inconsistent results. The best accountants can look at an inquiry report and immediately determine whether or not the facts and figures compute. "Good accountants are capable of pulling the analysis together." 2. ...

As technology proceeds to play a more integral in the way companies work, many are now opting to practice mobile tablet computers for their business objectives.   Indeed, According to Quarterly Mobile PC Shipment and Forecast Report of the NDP Display Search, 75% of Computers shipped out will be tablet computers. This will amount to approximately 455,000,000 tablets.   While this is supporting news for computer makers. Regrettably, some management teams having no idea about the real causes of why they should invest in rugged tablets over cheaper-priced consumer tablets. Rugged Tablets Durability compared to Consumer Tablets: Numerous verticals, including industrial and production, present much harsher work conditions for computer utilization, and their staff needs durable, high-quality computer equipment that can tolerate these harsh environments and still operate reliably. Cheaper-priced consumer-grade tablets almost perpetually mean a lot less endurance. Th...

Forestry artisans perform most of their duties outdoors, where data collection and navigation technology can be exhibited to variable weather situations and rough handling. The rise of ultra- rugged handheld in UAE  computers has offered forestry professionals reliable, powerful tools for timber cruising, GPS navigation, surveying tasks, and timber inventory data collection and all types of forest management. GPS navigation with a rugged tablet: The forester is on an examination drive in a Jeep while a large wood transporter is laboring through the forest to choose the next delivery. The roads are bumpy. The driver and his machine must withstand shocks, vibrations, and forces. The conditions make it challenging to navigate: This is precisely where a reliable navigation system is desirable. This option is provided by mobile technology. With rugged devices, whether a tablet, a laptop, or a smartphone, driving and accurately navigating using GPS can now also be joine...

Financial Accounting: Financial accounting plays an essential role in Islamic banking in setting and establishing a peaceful integration among different parties concerned in banking transactions. Islamic accounting gives the information which users of the financial statements of Islamic banks depending on assessing the Islamic bank’s extent of compliance with Shari’ah and defining rights and obligations of all interested parties under the principles of Shari’ah. Similarities between Islamic Accounting and Conventional Accounting: There are numerous similarities between Islamic and conventional accounting services in Dubai , as both are about presenting useful economic information to permit users to make wise decisions by facilitating comparisons and thereby lowering the cost of assessing alternatives investments. However, the nature of transactions in Islamic organizations that deal within a Shari’ah framework is different, as Islamic organizations have to contribu...

Accounting scandals are business scandals that arise from deliberate manipulation of financial statements with the disclosure of economic offenses by trusted officials of corporations or governments. Why Accounting Scandals happen: "Accounting scandals arise because there is pressure to meet short-term market expectations in terms of financial and share price performance." Big Accounting Scandals: From the last two decades, we have seen some of the most acute accounting scandals in history. Billions of dollars were dissipated as a result of these economic disasters, which ruined companies and ruined peoples' lives. Several of these  accounting services  in  Dubai   were a result of the extreme greed of a few people whose actions commenced to disastrous consequences, which brought down whole companies and affected millions of people. In this article, we can analyze the ten biggest accounting scandals in recent times. List of Accounting S...

Before the declaration of Tax Procedures, there has been extended researches and studies on the part of the government, making assured that everything will be relatively easy for everyone in the country. History of Tax System in UAE: Since the milestone Federal Law Number 7 of 2017 regarding Tax Systems was announced by Sheikh Khalifa Bin Zayed Al Nahyan in June of the year 2017, it laid down the bases of the tax policies that would soon be administered in the United Arab Emirates starting 1 January 2018. This will mark the United Arab Emirates and Saudi Arabia as the first countries that are part of the Gulf Cooperation Council that will implement Value added tax. Arriving mid of September, the start of the registration will happen for all firms that fall under the minimum annual revenue of AED 375,000. There are approximately 350,000 businesses that are expected to register under this new regime. Registration of VAT: UAE Federal Tax Authority The registratio...

When you talk about tough laptops, Panasonic Tough-book comes in mind, an industry driving item intended for solid, condition-safe registering execution in the field. What's more, the field isn't the meeting room, an office work area, an area coffeehouse, or even an awkward seat on an uproarious passenger train. This is a spot on the planet that ordinarily calls for defensive rigging, climate-safe outerwear, particular dress, and all way of well-being and risk counteractive action hardware and apparatus: It's the field. What's more, regardless of whether it's a mechanical, restorative, military, or some other area, you need a particular sort of workstation to work together amidst it. So on the off occasion that you have been looking into your choices in this item class, at that point, you presumably as of now have a not half bad list of things to get off what you should have and furthermore a tick rundown of what you won't endure in your t...

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