08.11.2022 As an entrepreneur, you take a risk by starting a business. Sometimes, this risk is shared through a business partnership. Business partnerships are formed by an agreement between two or more individuals to carry out a business as co-owners. Partners share all the ups and downs that the business brings along; they combine their…
01.11.2022 It takes courage for an individual to explore the employment world from a self-employment perspective. Setting foot in the business world on your own is a very challenging experience but in the long run, it’s a positive experience if proper research is done and work is handled well. Today we are sharing with you…
25.10.2022 Yesterday the Budget Speech 2023 was delivered by the Minister of Finance and Employment Clyde Caruana. Below you will find a summary of the Budget 2023 in relation to Economy, COLA and Property. Economy New one-stop-shop to assist startups establish themselves in Malta New business incubation centre Studies to set up of a venture…
20.10.2022 In most recent years many foreigners have been and still are relocating to Malta to start a business here. There are many reasons, benefits and advantages in doing so, some being: Malta is a cosmopolitan island located in a strategic location, it has a diversified economy, lots of sun and outdoor activities, the cost…
11.10.2022 Many people may think that bookkeeping and accounting are the same thing, however there is a difference between the two tasks, and this article will explore the key differences. Both bookkeeping and accounting share some common goals, and both support a business in different stages. If you are to compare both functions, one can…
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…