Any business owner needs to do proper accounting to ascertain that the business makes profits. In the past, business people kept paper records that would, often, be difficult to consolidate. In the present day, the advancement in technology has eliminated the need for large paper files. Instead, small business owners can use free accounting software…
Wondering how the VAT system works in the UAE? As a business co-founder who regularly interacts with UAE entrepreneurs, I understand the challenges of navigating tax compliance. In this comprehensive guide, I’ll break down everything you need to know about the 5% VAT in the UAE – from registration requirements to compliance strategies that work.…
Ever tried navigating the business landscape in the UAE? Trust me, it’s like walking through a maze of options – exciting but potentially confusing! As someone who’s helped numerous UAE business owners streamline their financial processes through ProfitBooks, I’ve gained valuable insights into the country’s business structures and their practical implications. Unlike simpler business environments…
As a co-founder of ProfitBooks who’s been in the SaaS industry for over a decade, I’ve had countless conversations with UAE business owners struggling with their accounting software. The common thread? Many find QuickBooks either too complex, costly, or incompatible with their UAE business requirements. In this comprehensive guide, I’ll share the most viable QuickBooks…
After spending over a decade helping businesses streamline their financial operations, I’ve seen firsthand how choosing the right accounting software can improve a company’s efficiency. As co-founder of ProfitBooks, I’ve had countless conversations with UAE business owners struggling with their accounting solutions, particularly Sage. Since the introduction of VAT in 2018, managing finances in the…
Being a business owner is a big deal, no matter where you are in the world. Having said business in the UAE, the ultimate business hub of the world, is an altogether different pride. There are so many aspects of a business a business owner has to worry about, the most important aspect is none…
If you’re running a business in Australia, you’ve probably heard of the Business Activity Statement, or BAS for short. It’s not just another piece of bureaucratic jargon; it’s a crucial part of managing your finances. BAS is like a financial report card that Aussie businesses must submit regularly to the Australian Taxation Office (ATO). In…
Australia has a rather simple business structure. Unlike the rather complex 11-type business structures of the UAE, Australia only has four main types of companies that can be formed. In this article, we will talk about all four of these business structures, how they operate and what are tax systems surrounding them. So let’s get…
To start a business in Australia, you need to first apply for an Australian Business Number or ABN. This is a basic necessity every Aussie business needs to take care of. Taking care of the legality is the number one priority, and every legal step has guidelines that must be followed. According to recent data,…
Over the years, marketing as a concept has developed a lot. Gone are the days when businesses used conventional marketing techniques such as pamphlet distribution and newspaper advertisements to reach their custom target audience. With changing times and the evolution of technology and advertising platforms, brands have explored digital channels. This is where they get…