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Showing posts from September, 2019

Risk of using multiple records for your business – and how to fix them

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Bookkepping Basic for Every Small Business Owner I recently spoke with a client who has several sets of ledgers. Some do not even know that they are doing this. Here are four reasons why your company may have more than one set of ledgers, and if you recognise your company in these paragraphs, here you will see what you can do to fix this problem: You and your tax agent are out of sync: Any company or audit company in dubai that pay taxes to the budget runs the risk of creating a second set of ledgers. All tax agents that prepare tax returns – even the most intelligent and professional ones – make some changes to the books they keep and make for you, which never reflect the text that you use to manage your company. Take depreciation, for example, as the simplest example. The reduction should be used in calculating tax payments. Naturally, your tax prepare would like to maximise your depreciation deductions throughout the year, and they most likely do this