Sarah Ferguson Tax Consultancy helps you answer all your finance and accounting-related queries, including dealing with taxes and bookkeeping prospects. Solving all your tax queries, our experts with several years of experience and professional skill set in the field will help you get your accounting needs sorted hassle-free.

Blogs

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Update on UAE’s VAT Refunds for Business Visitors

The Federal Tax Authority (FTA) has published the updated version of the “Guide on VAT Refunds for Business Visitors.” According to the guide, there are specific procedures to be followed by foreign visitors applying for VAT including the timeline for submission of applications and the minimum amount that visitors are allowed to claim.The guide als...

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Is Outsourcing Your Bookkeeping Process the Best Option?

Bookkeeping is a real challenge for all types of business. From recording the economic activities of the company to summarizing the business transactions in an orderly manner all in which aid the survival of the organizational. Whether it is a start-up, small business or an established firm the main priority is always the growth of the organization...

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FTA Publishes Clarification on Bank Interest and Dividends

The Federal Tax Authority (FTA) has issued a publication to shed light on certain aspects of the VAT implementation, including Federal Law No. 7 of 2017  which covers the major aspects of tax procedures and Federal Decree-Law No. 8 of 2017 which covers the various aspects of value added tax and executive regulations.Furthermore, Khalid Al Bust...

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Super-Effective Accounting Checklist for Exceptional Financial Growth of Business

In today’s competitive arena, a company needs to generate profitable results in order to be successful. Whether you’re running a small or a large business, it becomes essential to determine if the revenue earned by the company is more than the expenditure incurred by the entity or not. This is where the need for accounting firms in Dubai arises.Tho...

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VAT Return Filing – Quick Steps to Turn the Process into Success

Value Added Tax is a recent initiative step taken by the GCC countries. As a new implementation on the businesses conducted in the UAE, the idea behind launching this was to bring out a new source of revenue to the government. Before elaborating the process of VAT return filing, let’s further explain the basics of VAT.What is a Value Added Tax?The...

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Steps to Avoid VAT Penalties in UAE & Comply with New Regulations

VAT (Value Added Tax) has been implemented in the UAE in the year 2018. Right after its implementation, it has become crucial for the UAE businesses to prepare themselves towards this new taxation system and be “VAT Ready” to avoid penalties related to VAT.Before knowing the ways to avoid VAT penalties, it is must to know what exactly this term mea...

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Costly Errors to Avoid for the Businesses When Filing Their VAT Returns

Filing a VAT return is a complex process. There are numerous intricacies and quirks that catch business owners out. As it is a daunting process, mistakes with VAT filing are all-too-common. It can be a huge headache for the businesses, as they have to fulfill additional payments as penalties/fines.With the complications of the VAT laws, it is quite...

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How To Differentiate Between Excise Tax and VAT in UAE?

The introduction of Excise Duty & VAT happened almost the same time (i.e. 2017-18) in UAE. Both are a form of indirect taxation levied on selected goods & services for various purposes which leads to additional revenue for the government in UAE.It can be a bit difficult for people to clearly understand the difference between these two terms...

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How to Choose a Tax Consultant in Dubai?

The financial vertical of any business is one of the most complex areas. It involve aspects; Tax payments and deductions which requires a clear understanding to help in running the business smoothly. An experience tax consultant can help you handle the finances wisely.Here are some pro-tips helpful in choosing a tax consultant-Clarity About Type of...