Thursday 28 March 2024
 
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Accounting

Back to basics: VAT Accounting 101

As part of the UAE Vision 2021, the introduction of taxation has brought diversity to the country’s economic revenue streams, and also encouraged greater transparency for businesses, says an industry expert. It has been ten

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Bahrain SMEs 'need to improve accounting standards'

A total of 86 per cent of Bahraini start-up small and medium enterprises (SMEs) do not work according to financial and accounting principles, said a recent study. The study, “The Reality of Entrepreneurship in Bahrain”

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Bahrain SMEs 'need to improve accounting standards'

A total of 86 per cent of Bahraini start-up small and medium enterprises (SMEs) do not work according to financial and accounting principles, said a recent study. The study, “The Reality of Entrepreneurship in Bahrain”

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Bahrain Airport honours staff for completing training course

Bahrain Airport Services Company (BAS) recently honoured 13 employees who successfully completed a one-year specialised accounting and tax training course. On this occasion, Salman Al-Mahmeed, CEO of the BAS, said: "In the ti

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VAT in the GCC: Are your accounting systems ready?

Compliance with the UAE VAT Law may require significant changes to a business’ technology, operations, financial management and bookkeeping practices. The law, which comes into effect across the six GCC nations on January 1,

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Tamkeen relaunches new scheme for accounting start-ups

Bahrain's labour fund Tamkeen has recently announced the relaunch of “Mohasaba” scheme as a business development support programme in accounting and auditing services for start-up, scale up and mature enterprises.  

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Tamkeen relaunches new scheme for accounting start-ups

Bahrain's labour fund Tamkeen has recently announced the relaunch of “Mohasaba” scheme as a business development support programme in accounting and auditing services for start-up, scale up and mature enterprises.  

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Accountancy profession ‘must prepare for AI’

Artificial Intelligence (AI) will transform accountancy and the profession needs to needs to accept that machines will take over more and more decision-making tasks from humans, and work out how to harness this, a report said. Whi

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KPMG in Bahrain offers new accounting solution for SMEs

KPMG in Bahrain, an audit, tax and advisory firm, has launched its Enterprise Accounting Solution (EAS) in line with its ongoing initiatives to support the small and medium enterprises (SMEs). The new service utilises the advanced techn

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KPMG in Bahrain offers new accounting solution for SMEs

KPMG in Bahrain, an audit, tax and advisory firm, has launched its Enterprise Accounting Solution (EAS) in line with its ongoing initiatives to support the small and medium enterprises (SMEs). The new service utilises the advanced techn

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