The flow of cash is what keeps a business going and makes sure that it can meet its short- and long-term responsibilities. Even companies making money can have big problems if they don’t handle their cash flow well. With this important part of their financial health, businesses can keep their cash on hand, grow plans, and handle […]
Imagine operating your business ship through a thick fog. There’s a sense of uneasiness surrounding every choice. Many organisations find themselves in a difficult situation without accurate financial data. On the other hand, professional bookkeeping services in Muscat work like a strong magnifying glass, removing the mist and exposing the exact financial scene. The Financial Fog: Why[…]
According to the VAT Law in Oman, supplies of goods or services to or from the Special Zones, as well as within them, may be zero-rated. The Special Economic Zone in Duqm and the Free Zones in Salalah, Sohar, and Al Mazyunah have been designated as Special Zones by the provisions of the VAT Executive Regulations in[…]
The objective of a forensic audit is to gather evidence that can be used in legal proceedings or litigation, identify fraudulent activities or misappropriation of assets, determine the extent of financial losses, and provide recommendations for improving internal controls and preventing future fraud. By conducting a forensic audit, companies can: Identify and prevent fraud: Forensic auditors are[…]