05.04.2022 Setting up and running a successful company requires several obligations to be met from the very first steps of incorporation, to ensure that it is incorporated according to national regulations. This article gives a general overview of what is expected from companies, what will happen when they fail to do so, and how our…
29.03.2022 Payroll outsourcing is when a company, or a self-employed individual, employing personnel, uses a third-party service provider to prepare payroll for the employees. Payroll tasks are not simply an automated process, but it involves many aspects from base salary, monthly adjustments, fringe benefits, allowances and bonuses, Social Security Contribution (SSC) / National Insurance (NI), and…
22.03.2022 Company administration is very important to have your Malta company running smoothly. When we say company administration, we mainly refer to the following important tasks, many of which are obligatory as part of compliance of Maltese-registered companies. Organisation of board of directors meeting/drafting of resolutions Organisation of annual general meetings Company annual returns Company…
15.03.2022 During these times employing someone has become an arduous task since there is little workforce available locally. If you are an employer seeking to recruit you know this very well. If you are looking into employing Third Country Nationals (TCNs), you also know this could be a headache for you especially if you do…
08.03.2022 Traditional banking is outdated, and Electronic Money Institutions (EMI) are taking charge in the modern business world. The global financial system has changed thanks to the phenomenal growth in digitalisation, fusion of technologies, embracement of technology and ultimately establishing new trends. In reality, you can open as many business bank accounts as you want,…
01.03.2022 The Malta Enterprise runs a scheme to act as a tax credit incentive for micro-enterprises and self-employed businesses. This is called MicroInvest. The ultimate aim of the MicroInvest scheme is to encourage undertakings to invest, innovate and expand the business. If you run a small or a medium-sized enterprise or self-employed, you might be…
22.02.2022 The economic growth is set to regain traction. Recently the European Commission has issued the Winter 2022 Economic Forecast report which projects that, following a notable expansion by 5.3% in 2021, the EU economy will grow by 4.0% in 2022 and 2.8% in 2023. As background information it is to note that the Winter…
14.02.2022 On February 14th, love is in the air. Today it’s Valentine’s Day and in many countries, it is a day dedicated to love. In this blog post we will explore ways and mean on how to make your accountant love you, of course, in a totally professional, platonic, non-romantic way! Be prepared. Upon receipt…
08.02.2022 In today’s business world, audits of financial statements have become increasingly important especially due to the fact that there is more scrutiny in place. In Malta, audited financial statements are a statutory and regulatory requirement, and must be approved by the Company’s directors and filed with the Registrar of Companies within the Malta Financial…
01.02.2022 This blog post will go over some common accounting terms, abbreviations, and acronyms to help you connect better with your accountant and be prepared for your next meeting with Accounting Services. We fully understand that some terms might be difficult for you to understand, so have simplified them for you. In any case, our…