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Showing posts from January, 2021

THINGS DIGITAL MEDIA EXPERTS SHOULD KNOW ABOUT ACCOUNTING AND UAE VAT returns

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  Being an accounting and  VAT consultant in U AE  over past few years, we have got change to work with clients who are engaged in digital media segment. We have helped them with their accounting and  UAE vat returns . The businesses are engaged in SEO, digital marketing, content creation, public relation, branding and advisement for clients.  These sounds simple as a business if talk from accounting perspective, however, we felt it is worth talking about few points which all the businesses engaged in digital media should keep in mind: 1. Client Money or Reimbursement :  Often digital media businesses (mainly those engaged in social media marketing and public relations) receives money from their clients for payment to various networks (such as Facebook, Google, LinkedIn, etc.) on their behalf.  This money should be kept separate and marked separately in accounts. It has to be marked as client’s liabilities towards these vendors. This money should not be added to or mixed up with the fe