Accounting for startups is particularly important since normally the new business’s opening budget can be a tight one. As a new business owner in Malta (and as a company or self-employment in the first stages of operations), you will want to focus on selling your goods, or services, and get your brand out there to stand out from competition. However, good bookkeeping and good accounting are also very important, particularly for startups. Startup business owners can be anyone but usually they aren’t experienced accounting or bookkeepers so tracking your own financial transactions can be difficult.
Accounting is the language of business, and so it should be considered as an important subject for business owners. We believe that it is crucial to have general knowledge of the fundamentals of accounting, and any business that wants to survive must have a plan for accounting. A great idea will not launch without a proper business plan including proper financials. When looking in partnering with a new accountant, keep in mind the following: accuracy, reliability, speed, price, and expertise. Fairwinds Management can offer you all this.
Managing your bookkeeping and accounting right from the start will allow you to have better control of your business finances. Our startup-focused accountants are available to assist you in the pre-launch business stage and throughout your business venture, ensuring you are also ahead from the accounting perspective and most importantly compliant with VAT and tax regulations in Malta.
Our startups services include:
- Business plan drafting
- Financial projections and budgeting
- Business setup
- Bank account introductions
- VAT registration and compliance
- Accounting and bookkeeping
- Cashflow statements
- Profit and loss statements
- Payroll services
- Tax advice
- Funding opportunities
