Tips how to update your books

13.11.2018 Bookkeeping is one of the most important business activities, whether you’re self-employed, own a small, medium or large enterprise. OK, you’ve heard this plenty of times but in this post today, we will be identifying some important bookkeeping tips, targeting specifically small businesses.   1. Never neglect your business This is the number 1…

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The Virtual Financial Assets Act

06.11.2018 In the past few days, on Thursday 1st November, Malta made a positive step in the FinTech world as the Malta Financial Services Authority (MFSA) announced that the Virtual Financial Assets Act (VFAA) came into force. This Act was enacted by Parliament earlier this year on 4th July.   The Virtual Financial Assets Act…

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We’ll be at SiGMA next month

30.10.2018 The team at Fairwinds Management together with its partners that form part of Business Concept International plc are gearing up to attend another edition of SiGMA – Summit of iGaming Malta exhibition that will be held next month between 28th and 30th November.   This year will be a special one for Fairwinds Management…

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Budget 2019 in a nutshell

26.10.2018 In the Budget for 2019 there are no new taxes, tariffs or duties although tax will make up the largest portion of revenue, with income tax revenue expected to go up 11.1%.  There is a cost of living (COL) wage raise of €2.33 per week, with a pro rata addition for student stipends.  This…

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Final chance to receive tax credit

23.10.2018 Did your business conduct any refurbishments or upgrades last year, or maybe bought new machinery or invested in technology?   If you are self employed or own a micro enterprise and would like to claim any costs that were incurred during 2017 that were related to the upgrading of business premises, investments in purchasing…

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Setting up an ICO?

16.10.2018 Cryptocurrency is the latest phenomenon in the financial sector, which is constantly evolving the way business is done on a daily and global scale. The numerous opportunities presented by cryptocurrency have been greeted by a somewhat reluctant market due to two main issues. Primarily, potential users have yet to fully understand the process used…

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We attended DELTA Summit!

09.10.2018 Last week some of our team members at Fairwinds Management Limited attended the much-awaited DELTA Summit; Malta’s leading blockchain and digital innovation summit that was attended by over 4,000 people interested in the blockchain and crypto world as well as others working actively in the fintech industry.   This Summit which will now be…

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Offload your workload – outsource bookkeeping

2.10.2018 When most people start up their own business and embark on this journey as self-employed, they struggle to do everything on their own to keep the costs low. They work day and night to keep the business up and running successfully to increase the revenue. Amongst others, whilst scheduling meetings to meet up with…

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Advantages of buying a ready-made company

25.09.2018 A ready-made company, which is more known as a shelf company brings along with it several benefits especially for those who would like to set up a company immediately without many thoughts. These are some of the reasons why a shelf company would be the best alternative to incorporate a company as soon as…

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Making friends with your accountant

If you own a business, don’t talk to your accountant only during the tax season, and treat your accountant as your trusted business partner and your friend, then you’re doing it all right. If you’re not doing this, then here’s why you should start doing this as soon as possible:   Accountants have useful contacts…

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