02.08.2023 This informative blog post will discuss advantages of using the services of a qualified accountant to manage the financial aspects of your business in Malta. When working with a professional accountant, as a business you will see improved financial management, accurate tax reporting, and several time-saving benefits. Below are some important and effective key…
26.07.2023 A Malta registered company operates under a rigorous framework, adhering strictly to the administrative rules and guidelines mandated by Maltese legislation. Maintaining the company’s compliance and efficiency in its daily operations is of utmost significance. This encompasses various essential business requirements, including directors’ meetings, annual general meetings, bookkeeping, payroll, administration, and other pertinent aspects.…
19.07.2023 Employers in Malta are facing significant challenges when it comes to hiring new employees. The difficulty lies not only in finding suitable local candidates but also in employing Third Country Nationals (TCNs) who are still residing abroad. This situation poses a considerable burden, particularly for companies or setups that lack a dedicated HR or…
12.07.2023 Tax advisory is important for several reasons, especially for individuals and businesses that want to manage their finances effectively and comply with tax regulations. Here are some key reasons why tax advisory is essential: Compliance: Tax laws and regulations are complex and ever-changing. A tax advisor can help you understand and navigate the tax…
05.07.2023 Do you manage a business? Are you looking for ways how to optimise your operations, reduce costs and focus on your core work that generates most income? Outsourcing is the answer to these questions and the strategic solution that will enable your business to delegate non-core tasks to specialised service providers. Outsourcing is a…
28.06.2023 Know Your Customer, or KYC, refers to the process that regulated businesses and financial institutions undertake to verify and gather information about their clients or customers. KYC procedures are a crucial component of anti-money laundering (AML) and counter-terrorism financing (CTF) efforts, as they help identify and mitigate the risk of financial crimes. The primary…
21.06.2023 Writing a winning business plan involves careful research, strategic thinking, and effective communication. A traditional business plan format is very detail-oriented and holds a comprehensive plan. When writing a business plan, ideally your follow a plan outline however you don’t have to stick to the exact format but rather use the sections that make…
14.06.2023 Thinking about starting a business? There are a few common mistakes which can easily be avoided by every new business owner and entrepreneur. Commencing a fresh business venture can bring excitement and fulfilment, yet it may also present challenges and feelings of being overwhelmed. Numerous aspiring entrepreneurs encounter common pitfalls that can impede the…
08.06.2023 A typical organisational setup within a company consists of different departments that contribute to achieving the company’s overall mission and objectives. Having a well-defined corporate structure ensures that employees are aware of their reporting lines and the individuals they rely on to fulfil their work responsibilities. Over and above this, corporate structuring also involves…
31.05.2023 Virtual administration refers to the practice of performing administrative tasks and providing support services remotely, often using digital communication technologies such as email, video conferencing, and instant messaging. Virtual administrators work independently and provide a range of services to clients, including email management, appointment scheduling, data entry, travel planning, bookkeeping, and customer support. Virtual…