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Showing posts with the label Management Accounting

Who Pays UAE Corporate Tax? Types of Taxable Persons & Late Registration Penalties

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 let's dive deeper into who needs to pay attention to the UAE's "Business Fees" (Corporate Tax), thinking of the UAE as a huge, bustling city where different types of "players" operate. Who are the Different "Players" in the UAE Business Game? The UAE tax rules look at different types of "persons" (meaning, legal identities) to figure out who needs to pay "Business Fees" (Corporate Tax). Think of it like different kinds of members in a very big, important club. Here are the main types of "players" the UAE identifies: The "Main Local Business Clubs" (Resident Juridical Persons) Who they are: These are the most common businesses you see – like the big companies (LLCs), partnerships, or foundations that are officially set up and have their main home right here in the UAE . They're like the school's own Robotics Club, built and living within the school. Do they pay "Business Fees"? YES, mostly...
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How to Increasing your Accounting Profit ?

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          World Of Finance by Vijaya Sai.M Sometimes accounting processes seem rigid and unwavering. On the contrary, many techniques are used with different situations to reflect the exact figures desired. Of course, this can only be taken so far, but it can be manipulated. So what are the options of changing the accounting to increase the accounting profit? Let’s make sure we are all on the same page as to what accounting profit really is. Accounting profit is a fairly simple calculation, but it can easily be confused with so many other, similar, terms. The basic definition is the cost of providing products and services subtracted from the price of all those products and services sold. The area that gets hazy is exactly what costs are included in bringing items to the market. The 2 categories that costs are placed are explicit and implicit. Accounting profit is calculated using only explicit costs. Explicit Costs are items or services that...
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