24.07.2024 If your business employs individuals, you are required to maintain detailed wage records. This includes documenting all sums paid as salaries, allowances, and bonuses, as well as all related deductions for Social Security Contributions (SSC) / National Insurance (NI), and taxes. This statutory requirement applies from the date of an employee’s commencement, up to…
17.07.2024 Employers in Malta face significant challenges in hiring, whether recruiting locally or employing Third Country Nationals (TCNs) from abroad. Without a dedicated HR or admin team, navigating these processes can be particularly daunting. This blog aims to guide employers through the necessary steps to employ TCNs in Malta, highlighting the role of the Single…
09.07.2024 A well-crafted business plan is a must for a business’s success, serving multiple purposes. It defines your business’s mission, vision, and goals, providing clarity on what you aim to achieve and how you plan to get there. This clarity guides your actions and decisions, ensuring alignment with your objectives. Furthermore, a business plan acts…
02.07.2024 In recent years, the business practice of hiring third-party companies or professional individuals to perform specific tasks has gained significant importance. This trend, known as outsourcing, allows companies to focus on their core activities while using the expertise and efficiency of specialised service providers. We have recognised this shift and developed a comprehensive list…
25.06.2024 In the vibrant business landscape of Malta, small to medium-sized business play a pivotal role in driving economic growth and innovation. For these businesses, effective accounting practices are not just a regulatory requirement but a cornerstone for sustainable success. This article explores the value of accounting for these business in Malta, highlighting key benefits…
18.06.2024 During the life of a business, there might come a time when you consider dissolving your company. Various reasons can lead to this decision, such as retirement, the need to reorganise a group of companies, internal conflicts, lack of profitability, or even bankruptcy. If you are currently thinking of striking off your Malta company…
13.06.2024 Navigating the paperwork and regulatory requirements for a self-employed can be daunting. As an accounting firm specialising in assisting clients with self-employment, we’ve compiled this guide to help you understand the key steps and considerations involved in becoming self-employed in Malta. Understanding Self-Employment in Malta Self-employment in Malta means operating as a sole trader…
04.06.2024 Malta company law is in conformity with EU directives, offering effective tax rates within a professional infrastructure and a legal, respected, and regulated jurisdiction. If you are thinking to open a Malta company, we are sure that you have many questions, so we have compiled a quick cheat sheet with questions and answers as…