taxes

Shell corporations, also known as shell entities, are distinguished by the absence of significant business operations or assets. They are now inactive and are used for a variety of financial activities. Shell corporations can be used for legitimate purposes such as tax planning, asset protection, and confidentiality. But, they can also be used for illicit activities like money laundering and fraud.

In the realm of finance and business, adhering to accounting rules and standards is crucial for maintaining transparency, accuracy, and consistency in financial reporting. For businesses operating in Saudi Arabia, it is essential to have a thorough understanding of the accounting principles and guidelines that govern financial practices within the country. In this article, we […]

Discover how to streamline your accounting processes by creating effective standard operating procedures.

A  business has many obstacles during its first year, and making costly financial mistakes is often inevitable. Unlike large companies, small businesses may not have the assets to rebound from such mistakes.  What are the biggest financial mistakes small businesses make?

Starting a business is a particularly difficult and expensive process, and the life of an entrepreneur is generally so packed with day-to-day responsibilities that taking care of your finances is often the last thing on your mind. What accounting tips do small businesses need to know?

Whether you’re an independent contractor, a business owner, or a common-law employee who has to report another form of income, the IRS Form 1099 is there to cover almost all bases. From freelancing income, stock dividends, and even abandoned properties and canceled debts, there are a lot of different forms for different incomes to declare. […]