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by in Industry News

Expert insight: How to get VAT-savvy

If VAT is not implemented properly, it is likely to impact everything from cash flow to operations. Mansoor Sarwar, regional director for technical services at Sage Middle East, shares five useful tips. 1. Test your system: Whether you’re using an accounting system or calculating VAT manually, test your system by creating dummy sheets and invoices. All […]

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Comment: Value, Values and VAT

Well, 2018 has arrived and so has VAT. Time will tell exactly how value-added tax will affect the industry but what we do know is that the forecasts for this year weren’t positive irrespective of the newly introduced duty. When we last checked in with them, the region’s restaurateurs were bracing themselves for what they […]

by in Industry News

The Benefits of a Business Dashboard

The amount of data businesses generate today is incredible this information tells a story. It has a narrative that gives organizations valuable and actionable insights. These insights guarantee better and more informed decisions. However, making sense of all the data a business generates is no easy task. And the volume is so large! It presents […]

by in Industry News

VAT​ ​is​ ​not​ ​a​ ​business​ ​expense but​ ​a​ ​cost​ ​that​ ​is​ ​ultimately passed​ ​on​ ​to​ ​the end-consumer

On January 1, 2018, value-added tax (VAT) will come into effect for the first time in the UAE. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While there will be implications for systems, infrastructure, skills and training, there […]

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