Exploring the Best Bookkeeping Practices for Seamless Financial Management
While bookkeeping isn’t the core competency for most businesses, it’s essential for financial management. The art of bookkeeping is a fundamental practice that ensures the security of your financial data. Professional bookkeeping also ensures regulatory compliance and fosters informed decision-making. With transparency, efficiency, and accuracy on the radar, we will discuss the best practices of […]
Foundations of Wealth Protection: Estate Planning for Your Legacy
The concept of wealth protection has witnessed a significant evolution in the UAE and GCC in recent years. Forward-thinking investors in the UAE habitually choose foundations as a strategic choice for wealth protection. Since its inception in 2017, more than 1,000 such entities are operating in the country. This marked a shift in paradigm from […]
Enhancing Operational Resilience through Third-Party Risk Management in Supply Chains
Background In today’s interconnected business environment, managing supply chain risks is a complex yet essential task for organizations worldwide. A significant challenge these organizations face is the lack of a clear understanding of the risks their suppliers and other third-party entities pose. This gap in knowledge can lead to disruptions in operations, damage to reputation, […]
Strategies for Compliance and Success to Combat Global Mobility Tax Challenges
With paradigms shifting in modern workspaces, global mobility has emerged as a strategic requirement for businesses to leverage cross-border talent. This practice involves relocating employees from one country to another for specific assignments. Employee relocation brings several advantages to the table, such as cultural exchange, talent acquisition, and expanding business. However, the practice isn’t free […]
Third-Party Vendor Due Diligence Checklist
Examine potential suppliers using a vendor due diligence checklist to reduce risk in the vendor selection procedure. In a world increasingly vulnerable to data breaches and identity theft, safeguarding both your own and your customers’ sensitive information is paramount. Customers entrust you with their data, making it vital that chosen vendors have robust security measures […]
ESR Compliance in March 2024
As we approach the Economic Substance Regulations (ESR) compliance deadline on March 31st, 2024, for businesses and companies, we want to ensure that all our partners and clients are well-prepared and informed about their responsibilities under these regulations. What is ESR Compliance and Who Does it Apply to? ESR Compliance refers to the set of […]
Mastering Mobility: Must-Know Tips to Navigate Tax and Compliance Trends
Startups and small enterprises are increasingly adopting flexible work arrangements. A recent study noticed that 78% of startups founded in the past three years operate on a remote or hybrid basis. Furthermore, the trend towards remote work is anticipated to accelerate in 2024 expecting an uptick in virtual assignments over the coming year. As remote […]
Singapore Budget Highlights of 2024
In the latest budget announcement on February 16th, 2024, the Ministry of Finance (MOF) unveiled significant tax reforms set to reshape Singapore’s fiscal landscape. Notable among these changes is the adoption of BEPS 2.0 Pillar 2, slated for implementation starting January 2025. This initiative targets large Multinational Enterprises (MNEs), aiming to establish a minimum effective […]
Shift from CSR to ESG in Corporate India
For entities operating beyond the borders, it’s imperative to understand evolving corporate law in international business avenues. In the corporate business landscape in India, there’s a visible shift from CSR (Corporate Social Responsibilities) to ESG (Environmental, Social, and Governance) in recent years. This shift in paradigm redefines the way businesses operate in the country, besides […]
Mastering Due Diligence for Successful M&A Transactions
Merger and acquisition (M&A) transactions often turn out to be too complex, which justifies the need for due diligence. In this edition of our newsletter, we will explore why due diligence proves to be the cornerstone to mitigate business risks. Successful entities seek professional Mergers & Acquisitions Advisory in the UAE, discovering opportunities and fostering […]