Adzum Global

What happens if you miss to claim Input Tax Credit ? The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has issued guidance on the timeframe for recovering input tax under the Value Added Tax (VAT) system. According to Article 55(1) of the VAT Law, a taxable person must recover input tax in the first tax period in which two conditions are met: Receipt of the Tax Invoice: The taxable person has received the tax invoice for the supply. Intention to Make Payment: The taxable person intends to pay the consideration for the supply within six months after the agreed payment date. If these conditions are not satisfied in the same tax period, the input tax can be recovered in the subsequent tax period when both conditions are met. Failure to recover input tax within these periods necessitates the submission of a voluntary disclosure to amend the relevant VAT return. Additionally, if the taxable person does not pay the consideration within six months after the agreed payment date, they must reduce the input tax claimed in the VAT return for the following tax period. Once payment is made, the taxable person is entitled to reclaim the input tax. www.adzumacacemy.com #InputTaxCredit #VATUAE #TaxCompliance #UAEFinance #AccountingTips #TaxPlanning #SmallBusinessUAE #AdzumGlobal #FinanceSimplified #Adzumacademy

Join Our Team - Senior Accountant Location: Kingdom of Saudi Arabia (KSA) Company: Reputed Trading Company Are you an experienced accountant looking for an exciting opportunity in KSA? We are hiring a Senior Accountant to join our team and contribute to our financial success. Qualifications: CA / ACCA / CMA Minimum 3+ years of relevant experience. Key Responsibilities: -Prepare and review financial statements as per Saudi standards and IFRS. -Ensure accurate and timely financial reports. -Oversee the ledger, reconcile accounts, and manage accruals. -Ensure compliance with Zakat, VAT, and withholding tax regulations. -Submit tax returns and handle audits. -Conduct stock analysis to support business decisions. Join a dynamic team and help us drive financial excellence! Interested candidates, please send your CV to: smartwork144@gmail.com #accountingjobs #KSA #finance #senioraccountant #hiring #CA #ACCA #CMA #tax #IFRS

It's been quite some time since you heard from us, but we’re back with exciting news! We’ve been working behind the scenes to bring you something even better. Along with a fresh new look, we're thrilled to announce that Adzum Academy will officially be LIVE next month! Get ready to dive into our expert-led courses on UAE tax, accounting, and finance. Whether you're a professional looking to upgrade your skills or just starting your career, Adzum Academy is here to guide you every step of the way. Thank you for your patience and support — the wait is almost over! Stay tuned for more updates. CA Juraij Calicut | Anfal Puthalath #adzumacademy #adzumglobal #uaetax #uaebusiness #finance

Exciting Update for Zoho Books Users! One of the most talked-about comparisons between Zoho Books and other accounting software has always been the absence of a fixed assets module. I even heard this highlighted at a recent event I attended. Well, here's some good news—Zoho Books is addressing this with the upcoming Fixed Assets Module! I've had the chance to explore the early access, and I'm excited to share a sneak peek. The module will support both the Straight Line and Written Down Value methods, and you'll be able to book depreciation on a pro rata or non-pro rata basis, either monthly or yearly. Plus, it includes options to sell or write off assets, with automated entries for depreciation, profit/loss on sale, and write-offs. This new feature will streamline asset management and enhance the overall functionality of Zoho Books. Can’t wait for the official release! #ZohoBooks #AccountingSoftware #FixedAssets #Automation #AccountingFirms #ExcitingUpdates #AdzumGlobal #UAEBusiness #CloudAccounting

Building Trust Beyond Transactions A few weeks ago, I received a call from Khalid from Abu Dhabi, who was referred to us by a friend. He had some queries about accounting software, and we had a few calls where I helped clarify his doubts without any intention of making a sale. Last week, Khalid called again, saying he had finalized the software and needed help with data migration. Despite the many firms in Abu Dhabi, he chose to drive to Dubai, meet me in person, and discuss his needs. We provided a proposal, which he accepted without negotiation. Why? Because we communicated that our value goes beyond just migration—we corrected errors in the old software caused by inexperience. Additionally, since the majority of their transactions were recurring, we automated 75% of them by fetching bank transactions using bank feeds, categorizing them with transaction rules, and booking revenues through recurring journals. Khalid made the trip to Dubai instead of opting for an online meeting. Why? Because face-to-face meetings build trust and real connections, something I strongly believe in. Yesterday, we wrapped up the assignment, and Khalid left happy, assuring me that he will definitely refer others to us. Why did this all work out? Because we focused on providing genuine help and building trust rather than just pushing a sale. #accountingfirms #clientstories #trustbuilding #customerexperience #automation #adzumglobal

We are hiring! One of our clients in the logistics industry is looking to fill two key positions in their Dubai office: 1. Accounts Manager Industry: Logistics Salary: Up to 12,000 AED Qualification: CA (India) with 2 years of UAE Experience Location: Dubai Last date to apply: 31/08/24 Apply here 🔗 - https://lnkd.in/dd-rJqB9 2. Finance Head Industry: Logistics Salary: Up to 20,000 AED Qualification: CA (India) with 7 years of UAE Experience Location: Dubai Last date to apply: 31/08/24 Apply here 🔗 - https://lnkd.in/d6_xTk2A Don’t miss this opportunity to advance your career in a dynamic industry. If you meet the criteria, click on the respective links to apply. Best of luck!

Partnership announcement! Adzum Global is proud to partner with Wafeq وافِق, a leading cloud-based accounting software in UAE and KSA. This collaboration allows us to enhance our accounting services and continue delivering exceptional value to our clients. #Accounting #CloudAccounting #Partnership #AdzumGlobal #Wafeq #UAE

We are Hiring! We are looking for a dynamic Business Development Executive to join our team. Location: Dubai Key Qualifications: - Proficient in English - Familiarity with basic sales processes - Experience using CRM systems - Accounting background (preferred) What We Offer: - Salary: AED 2.5k to 3k (based on experience) - Incentives on sales - Other benefits Last date to apply: 10/08/2024 If you meet the qualifications and are excited about this opportunity, please apply through the form below. Form link - https://lnkd.in/ddpX_YbD We look forward to your application!

Hiring Alert! Position: Finance Manager at ThoughtBox Online Services Pvt Ltd Location: Kochi, Kerala Qualifications: MBA in Finance or CA-Inter Key Responsibilities: - GST filing - Financial analysis - Budgeting and variance analysis - Cost monitoring - MIS reporting - Maintaining proper books of accounts Requirements: - Strong knowledge of GST filing and financial analysis - Proven experience in budgeting and variance analysis - Expertise in cost monitoring and MIS reporting - Proficiency in maintaining accurate books of accounts Application Deadline: 31/07/2024 If you meet the above qualifications and criteria, we'd love to hear from you! Please send your resume to hr@thoughtbox.io. Join Thought Box and be part of a dynamic team. #Hiring #FinanceManager #JobOpportunity #Kochi #FinanceJobs #AdzumGlobal

I am very pleased to announce that Adzum Global has joined the Tax Star private beta! 🙏 big thanks to Anfal Puthalath and CA Juraij Calicut or putting their trust in us and making this happen. At Tax Star we are on a mission is to help Accounting firms scale Corporation Tax in the UAE.