In the retail game, keeping track of inventory is key. It’s all about having the stuff people want, when they want it, and at a good price. Retailers use fancy tech, number crunching, and savvy employees to make sure they’ve got the perfect mix of products to meet demand without going broke on storing too…
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Ever caught yourself reviewing a payment and wondering why the amount received is less than what was agreed? If you’re doing business in Kenya, chances are you’ve encountered withholding tax in action. As a business owner working with African entrepreneurs for over a decade, I’ve seen firsthand how withholding tax affects cash flow and financial…
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A Bill of supply is an invoice that is issued when no tax is to be charged on supplies made or where tax is charged but no ITC can be passed on to the recipient. Here in this article, we have explained in detail situations where this bill is to be issued, its contents, and…
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All businesses or organizations have two indispensable financial flows: Expenses and Revenue. The expenses part is what we refer to as accounts payable (AP). Let’s have a quick understanding of the mentioned terms. In simple words, revenue refers to the money coming in, and expenses refer to the money going out. The money coming in…
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Ever found yourself staring at a VAT registration form, wondering if your business even needs to register? Or maybe you’ve been hit with that dreaded realization that you’ve crossed the registration threshold and have no idea what to do next? I’ve been there, and so have countless South African business owners I’ve worked with over…
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One question I hear constantly is: “What exactly makes a proper tax invoice under UAE VAT laws?” Let me break it down for you. A tax invoice is a formal document issued by VAT-registered businesses for the supply of goods or services. But it’s more than just a receipt. It’s a critical document for VAT…
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Previously, in our UAE corporate tax guide, we’ve talked about what corporate tax in the UAE is and how it works. In today’s UAE corporate tax guide, we’ll learn how you can calculate it as a business owner. If you’re a business owner in the UAE, it’s crucial to know how to calculate your UAE…
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In our previous article, we discussed the MSME registration process in India. As it was an integral part of MSMEs in general, we had to talk about the benefits of MSME registration, that you can enjoy as a small business owner. There are many legalities surrounding MSMEs in India, however, we’ll discuss the benefits and…
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The demand for revision in the definition of MSME has been pending for a long. The low threshold in MSME definition has created a fear among MSMEs of graduating out of the benefits and hence killing the urge to grow. The new MSME registration process and definition have been simplified, clearing away any previous fears…
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