Two changes are on the horizon for businesses in Bahrain: a proposed corporate income tax, and mandatory e-invoicing. Neither is final yet, and it’s easy to either panic or ignore them. There’s a calmer approach. The steps that prepare you for both are the same steps that make your business easier to run today. The […]
Ask founders in Bahrain how they use AI and most will have an answer: drafting emails, writing proposals, summarising contracts. More and more, the next question is whether it can do the books too. The honest answer: a lot of the work, and faster than ever. But not the part that carries the risk. What […]
If your business files VAT quarterly, your return for July to September is due by 31 October 2026. That’s a Saturday this year, so in practice you want it done well before the weekend. Most VAT problems aren’t dramatic. They’re small gaps in the records behind the return, repeated every quarter until someone looks closely. […]
If you run a small business in Bahrain, you’ve probably had this thought: I know my books should be done properly, but I can’t justify hiring an accountant. You’re not wrong. A full-time accountant is a salary, social insurance, a desk and a laptop — before they’ve recorded a single invoice. For a business with […]
Running a successful business requires more than generating sales. Behind every growing company is a strong financial foundation that supports informed decision-making, healthy cash flow, and sustainable growth. Many SMEs in Bahrain initially manage accounting internally. While this may work during the early stages, increasing transactions, VAT obligations, employee costs, and operational complexity often create […]
26-Oct-2021 In light of the growing demand on cybersecurity services in the region, we are proud to announce our partnership with Defense Cyber Security in Riyadh, KSA. Defense Cyber Security is specialized in providing cybersecurity and risk assessment services to the highest standards and are experts in developing and deploying policies and procedures to protect […]
Amidst the current economic slowdown, companies are understandably looking for ways to cutdown on overheads and maintain revenues. Non-core functions such as marketing, HR, or even accounting may be the first to be foregone. This article aims to highlight the importance of the accounting function in a company especially in times of crises. In fact, it is in times of economic uncertainty is when the benefits of maintaining accurate […]
Life After VAT: Now that you are registered, what next? Well, first of all, congratulations on successfully registering your business for VAT. For most establishments, it might have been a difficult and complicated task especially if your accounting books were not in order ahead of time. Now that you are registered though, business cannot continue […]
Flavors of Accounting Just like ice cream, accounting comes in various flavors. There are so many to choose from, sometimes it is difficult to make up your mind. In reality though, most of these “flavors” are just plain old vanilla, strawberry, or chocolate. Some are a mix of more than one flavor. Others are more […]
Any business owner needs to know how to maximize their profit and to demonstrate to investors that the company is heading in the right path since revenue can indicate a firm’s potential. The most important difference between revenue and profit is that while any company can increase its revenue, it may well be […]