29.11.2022 The main goal for a business is to become a success and make profits. The financial aspect of a business is very important, and success in this area can be achieved by managing well many aspects of the business, from having control of monthly budgets, good management of money, paying debts on time, having…
22.11.2022 Business owners, whether in the form of self-employment or a limited liability company, should always be on the lookout for possibilities on how to improve and remain competitive in the market. Incentives such as grants schemes, have always played a vital role in the operational aspect of a business as they aid the financial…
15.11.2022 Are you thinking of finally getting started on a side hustle that you’ll enjoy doing and be rewarding at the same time? Then, setting yourself up as a freelancer, or better known as self-occupied or self-employed individual, is your next big step. Apart from the day to day challenges that everyone mentions in relation…
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…