Retail ERP Solutions

Value Added Tax (VAT) guidance for Retailers published on Federal Tax Authority website  www.tax.gov.ae. Do I have to register for VAT? If your taxable turnover – the value of the taxable goods and services that you sell and any imports – exceeds AED 375,000 in a 12-month period, or if you expect your taxable turnover to exceed AED 375,000 in the next 30 days, you are required to register for VAT. If your taxable turnover is less than AED 375,000, but more than AED 187,500, you can register for VAT voluntarily. I have several shops: do I need to register them separately? No. All the business operations carried on by you as a taxable person can be dealt with under a single VAT registration. Can I form a Tax Group? Related businesses that share economic, financial and regulatory ties (either in law, shareholding or voting rights) may be able to register as a Tax Group if they have an establishment in the UAE and are legal persons under common control. Transactions...

Business owners, executives, and other decision makers in every industry understand that adopting newer technologies like  enterprise resource planning  (ERP) is inherently beneficial, but such adoption will also require substantial investment. It is critical for businesses to clearly determine whether the benefits of ERP implementation outweigh the associated costs. Generally speaking, the larger and busier an organization is, the more worthwhile ERP adoption will be. But that just begs the question: how do you know your company is large and busy enough? The question posed in the title of this article can be taken in two different ways. First, would the net benefit of implementing ERP now be sufficiently desirable? And second (if the answer to the first question is yes), at what specific time should ERP be implemented? Let’s take a closer look at both questions. To determine whether your business need is great enough, quickly evaluate your operations by asking yourse...