1120S vs 1065: Which One Is Right for Your Small Business?

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Choosing the right business entity and the corresponding tax filing structure can significantly impact your small business's financial future. Two…

What Is Sales Tax and How Does It Work in the U.S.?

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Sales tax is a consumption tax imposed by state and local governments in the United States on the sale of…

10 Reasons to Partner with PEAK BCS for Sales Tax and Federal Return Prep

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In today’s fast-paced tax environment, U.S.-based CPA firms face mounting pressure to meet deadlines, stay compliant with evolving tax codes,…

Will Personal Income Tax Come Next in the UAE?

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The United Arab Emirates (UAE) has long been known as a tax haven — a country where individuals and businesses…

Who Needs to Register for VAT in the UAE? Thresholds and Rules

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Value Added Tax (VAT) was introduced in the United Arab Emirates (UAE) on January 1, 2018, at a standard rate…

Who Is Subject to Corporate Tax in the UAE? Mainland, Free Zone, and Offshore Explained

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With the introduction of the UAE’s Federal Corporate Tax regime, effective from June 1, 2023, the country has entered a…

Which Expenses Are Eligible for Input Tax Credit in the UAE?

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Since the implementation of Value Added Tax (VAT) in the United Arab Emirates on January 1, 2018, businesses have been…

When Does the 5% Standard VAT Rate Apply in the UAE?

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The United Arab Emirates (UAE) introduced Value Added Tax (VAT) at a standard rate of 5% on January 1, 2018,…

When Are VAT Refunds Applicable for Tourists in the UAE?

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The United Arab Emirates (UAE) introduced Value Added Tax (VAT) at a rate of 5% on January 1, 2018. While…

What to Expect During a Corporate Tax Audit in the UAE

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With the introduction of the UAE Corporate Tax regime effective from June 1, 2023, businesses operating within the UAE are…

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