08.06.2022 The business practice of hiring an outside third-party to perform certain services or tasks is normally a cost-cutting measure. This is outsourcing, sometimes also called contracting out or business process outsourcing. Nowadays companies can outsource several tasks or services such as programming and application development, a full IT department, payroll services, call centres, marketing…
31.05.2022 If you are in the real estate and construction industry you know that deals are often quite complicated, and so is the actual accounting for this industry tending to be very technical and tedious. The construction and real estate industry differs in many ways from other types of businesses. These industries often require investors…
24.05.2022 In our recent article published in April, Accounting for startups we spoke about accounting services in Malta for startup companies. This blog post instead will focus on corporate services for startups.In most recent years, we have seen many startups in Malta, some by locals and other by foreigners who see Malta as an ideal…
17.05.2022 Last week’s blog post explained what VAT is about and specific information about VAT in Malta. Today’s post will explore the different VAT Articles in detail. In Malta, VAT is regulated by the VAT Act and its subsidiary legislation, Chapter 406 of the Law of Malta, and is in accordance with the EU VAT…
10.05.2022 There are many countries around the world that use the Value Added Tax (VAT) system, however each country operates under different frameworks. As a tax applied worldwide, it is regulated differently and at a specific rate in each country. VAT has grown in popularity and importance, being a good percentage of global taxation. According…
03.05.2022 If you would like to take your business to the next level, or you are looking at restructuring, a merger or selling your business, then this article will help you understand how accounting advisory services can support you. You run a business, you have your own accounts executive employed with you to run the…
26.04.2022 Why is good accounting important for startups? As a new business owner, you will want to focus on selling your goods, or services, and get your brand out there to stand out from competition. However, bookkeeping and accounting are also very important, particularly for startups. Accounting is considered to be the language of business,…
19.04.2022 An audit is a type of assurance that is carried out by an independent auditor who is no way connected to the company and is requested to give an independent opinion on the financial statements of the company. Maltese companies are required to appoint independent auditors registered with the local Accountancy Board and the…
12.04.2022 Every resident in Malta is obliged to submit a personal income tax return once a year. This is valid for anyone who lives and resides in Malta, no matter if you are employed or unemployed, a freelancer or retired, you must submit a tax return by June 30 of every year, for the previous…
05.04.2022 Setting up and running a successful company requires several obligations to be met from the very first steps of incorporation, to ensure that it is incorporated according to national regulations. This article gives a general overview of what is expected from companies, what will happen when they fail to do so, and how our…