04.10.2022 Payroll administration is an important aspect for any business that hires employees. Keeping all payroll records for employees is also an obligation for the business. Payroll is not just paying the employee for any time worked, but it also refers to salaries, bonuses, withheld taxes, National Insurance, overtime, time off and so on. This…
27.09.2022 The accounting industry saw a significant level of growth in response to global events, where business owners recognised how important it is to have the accounting books up to date to avoid financial risks. Emerging accounting industry trends and practices change over time thanks to new technologies, digital trends, remote working, generational changes, and…
20.09.2022 Along with a website revamp for Admin Genie, a brand managed and serviced by Fairwinds Management Limited, we have recently launched a set of new services being offered by our team. Specifically, these services are aimed at startups in Malta. Admin Genie was initially a specialist agency working to provide a high quality and…
13.09.2022 Why do you need to consider a virtual office assistant? In today’s fast-paced world with many people all around the globe working away from an office setup, one must step up the game to keep up with the ever-changing dynamic that we are presented with. That is why in today’s article we will be…
07.09.2022 The global financial system has changed thanks to the phenomenal growth in digitalisation, fusion of technologies, embracement of technology and ultimately establishing new trends. Thanks to this, the banking industry has gone through a revolutionary change. A well-functioning financial system is fundamental to a modern economy, and banks perform important functions for society. We…
30.08.2022 Setting up yourself as a freelancer in Malta to run your new business venture can be a big step… VAT registration and VAT returns, Jobsplus application, social security contributions, taxes, administration, marketing, bookkeeping, management reports. Do you have what it takes for a self-employed lifestyle? If you are ready for the next step, have…
23.08.2022 This month, the MFSA has launched a Corporate Governance Code for MFSA authorised entities. The purpose of this code is to enhance the governance, culture, and conduct of MFSA authorised entities and it provides a list of guiding principles. These principles complement the legal, institutional and regulatory frameworks already in force. In one recent…
09.08.2022 Bookkeeping and accounting are crucial for any business to succeed. Without regular bookkeeping and accounting activities a business will not really be able to determine profit and losses, and ending up with a mess of receipts, expenses, and no accounting books to refer to can become a nightmare. Starting up a business is exciting…
02.08.2022 Startups and newly formed ventures are key players to new economy, generating money and contributing to the country’s GDP. Building a competitive economy and attracting foreign direct investments (FDI) should be a key part of any modern and solid country. Startups normally bring innovative strategies targeted to accelerate growth and economic diversification, and ready…
26.07.2022 Recently, the Malta Financial Services Authority (MFSA), the regulator of financial services in Malta, published its Annual Report for 2021, a year that presented further challenges across all economies. Nonetheless, the work of the Authority continued to intensify over the past months to encourage a higher level of governance across the board… and where…