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Abdelhamid & Co keeps on top of what we’re doing within the business, so that [they] can help us make important decisions. Abdelhamid & Co explain the financial issues in language that we can understand!
I have never been disappointed in Abdelhamid & Co service. The staff are highly educated in accountancy and financial fields. I always receive a prompt response to any query. Also, they keep me up to date about FTA new regulations, which is very helpful.
The team at Abdelhamid & Co are extremely proactive and professional. They look after all my accounting and tax requirements so that I can concentrate on building and expanding my business.
Abdelhamid and his team are utterly professional, informative, helpful and friendly. They are a great team who work together to provide us with sound professional advice on all our accounting issues.
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Latest insights
Tax Compliance for Extractive Industries: Navigating Unique Challenges
Tax compliance in extractive industries encompasses a unique set of challenges and responsibilities, set apart by the nature of the operations and the intrinsic value of the resources extracted. In the UAE, where extractive businesses significantly contribute to the economy, understanding and navigating these challenges is crucial. This article delves into the complexities of tax compliance for extractive industries, focusing on the regulatory framework, compliance requirements, and strategic considerations for entities engaged in this sector.
Adjusting Corporate Tax Returns: Handling Unrealised Gains and Deductions
Adjusting corporate tax returns for unrealized gains and deductions poses significant challenges and opportunities for businesses, especially in dynamic regulatory environments like the UAE. The complexity of handling unrealized transactions requires strategic planning and understanding of the applicable accounting principles and tax laws. This article explores the mechanisms for adjusting corporate tax returns, focusing on unrealized gains and deductions, and the strategic implications for businesses.
The Strategic Importance of Realisation Basis Accounting in Tax Planning
The Realisation Basis of Accounting is a cornerstone of prudent tax planning and financial reporting for businesses worldwide. This method acknowledges revenue and expenses only upon the completion of an underlying transaction, providing a more tangible reflection of a company’s financial health. This article delves into the strategic importance of this accounting principle, particularly focusing on its implications for tax planning within the realm of corporate finance.
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