VAT Tax image

UAE Special: Is Your Point of Sale System Ready for the VAT Tax?

Don Rua Blog 0 Comments

Special notice for restaurants and merchants using POS  and ERP systems in the UAE: Making sure your Point of Sale (POS) system is compatible with the UAE’s new  Value Added (VAT) Tax is critical.  Effective January 1, 2018, a 5% tax was added onto the purchase of goods and services as a new source of income.  Still, many small and medium sized businesses have failed to meet the deadline to comply with VAT Tax law.  The Federal …

New Tax Law affects Restaurant Owners

What Restaurant Owners Need to Know about the New Tax Law

Don Rua Blog 0 Comments

The new tax bill that finally passed in December provides a number of extensions for various existing tax breaks for restaurant & bar owners. Here are some of the most important points you need to know about the impacts the tax bill will have on your bottom line when it comes time to file. Write-Offs for Expansion Proprietors of restaurants and franchise owners who either open a new establishment or upgrade existing equipment will be …