Top 5 FREE Accounting Software in the UAE

  Corporate Tax in the UAE   The United Arab Emirates has introduced a federal corporate tax on business earnings for the first time. The newly implemented federal tax, set at 9% on profits, came into effect on June 1, 2023.    The move towards introducing this federal tax is driven by the UAE's strategic goal of diversifying its revenue streams beyond its reliance on oil. The tax is not applicable to personal income from employment, capital gains from real estate, or other investments.   To foster support for small firms and startups, the new regulations include a provision for a 0% tax rate on income less than or equal to 375,000 dirhams .       The UAE continues to extend tax incentives to businesses operating within free zones, as long as they fulfill all regulatory requirements and refrain from conducting business with entities outside of these designated zones.   Despite concerns from consumers about potential price hikes due to t...

Businesses now have two main choices in the constantly changing world of accounting software: self-hosting or employing cloud-based solutions. Both techniques have advantages and disadvantages, and picking the best one can have a big impact on how secure and effective your financial procedures are. Let's analyse the primary differences and advantages of each to aid you in making a decision .   Self-hosting Accounting Software   Self-hosting refers to installing and running the accounting software on your own servers or local machines. This means you have complete control over the infrastructure and data, as it resides within your organization.   Benefits of Self- host in g Accounting Software:   T otal control over information security and accessibility   Businesses will have complete control over their private financial data when it is held locally, reducing worries about data breaches and unauthorized access.   F lexibility to customize the system to ...

Self -hosting accounting software is a reliable and adaptable option that gives organizations complete control over their financial information and company processes. Self-hosting enables businesses to host the accounting software on their own infrastructure, providing them full ownership and privacy over sensitive financial information, in contrast to cloud-based software where data is stored on external servers .  With self-hosting accounting software, companies have the freedom to customize the system according to thei r specific needs and integrate it seamlessly with their existing IT infrastructure. This level of customization enables businesses to tailor the software to meet unique accounting processes and compliance requirements, providing a personalized and efficient accounting solution.     Self-hosting accounting software provides improved security in addition to more control and customization. This extra level of security is especially important for comp...