1.06.2021 The Maltese islands made significant progress in the battle against money laundering and the financing of terrorism (AML CFT). An assessment that was published late last week by MONEYVAL confirmed that Malta is no longer “non-compliant” or “partially compliant” as it met general expectations following a number of shortcomings that were identified by the…
25.05.2021 What are the best invoice payment terms for your business? When you’re just starting, it can be challenging to know what the terms are to get paid on time. If your invoicing terms are too far out or not clear, you are disrupting your business cash flow … Here are a few tips on…
11.05.2021 Some businesses open their doors without a clear plan, a budget and a sales forecast to help them get where they want to go. In this blog post, today we will go through a list of questions to get you started as well as tips on how to forecast a budget. Start off by…
4.05.2021 Towards the end of last week, a positive vote in Strasbourg lead to Malta passing the MONEYVAL test. This news comes after the Maltese islands strengthened the country’s anti-money laundering system in the past months. This process was based on 58 recommendations that were given to the local authorities after failing an initial review…
27.04.2021 Over the years, and especially more recently due to Brexit, the Maltese islands have become highly attractive to conduct business in the European Union. Many ask … why are numerous companies choosing to relocate to Malta especially after United Kingdom and Northern Ireland left the European Union? In addition to being a perfect business…
20.04.2021 In the past weeks, due to emerging news of money laundering activities, we all have been unconsciously more aware of the implications of such illegal activities. Thanks to this, now everyone can understand better why it is very important to have Anti-Money Laundering (AML) procedures in place – to help stop financial crime. Although…
13.04.2021 In this blog post we are featuring upcoming deadline for the Business Enhance ERDF Grant Schemes. This scheme is for micro, small and medium-sized enterprises supporting investment projects that secure sustainable business growth. Eligible enterprises can apply for one of the six specific Business Enhance ERDF Grant Schemes, for e-Commerce, Start-up Investment, SME Growth,…
6.04.2021 In a few weeks’ time, Microinvest scheme will have its deadline for companies that submit their tax return in September. By Wednesday 26th May 2021, relevant companies can submit their respective application forms to claim refunds for tax credits equivalent to 45% of eligible expenditure, adding up to a maximum of €30,000. The aim…
Irrespective of whether one will start up as a self-employed on a part-time or full-time basis, one will have to register as such with Jobsplus and needs to focus on three main aspects: National Insurance number (NI), VAT and tax. These will be discussed briefly below. National Insurance number An NI number, also known as…
23.03.2021 It is well-known that administration tasks are time-consuming and at times, tasks like running errands, diary management and proofreading are referred to as being non-essential tasks. This is due to the fact that while they are highly important for a business to run smoothly and to look professional, they are not directly related to…