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…
30.04.2024 When running a business, managing payroll can be one of the most demanding and time-consuming tasks for business owners. From calculating wages to navigating tax regulations, the complexities can quickly become overwhelming. However, by using professional payroll services, businesses now have access to streamlined solutions that not only alleviate administrative burdens but also offer…
30.01.2024 Payroll accuracy is important for several reasons, and its importance extends to both employees and employers. Accurate payroll ensures that employees are paid the correct amount and on time and this contributes to building trust and maintaining high morale among employees. When people receive the correct compensation for their work, they feel valued and…
22.11.2023 Achieving a seamless integration of time and cost savings, coupled with compliance, is the essence of an ideal scenario that every business wishes to have when in comes to anything related to payroll services, accounting services and more. Optimising operational efficiency and fiscal responsibility are paramount objectives for any thriving business. In the realm…
08.11.2023 Anyone wanting to relocate to Malta, whether for work, retirement, or other, one needs to be documented in Malta. The Expatriates Unit at Identità is involved in the legal migration process and caters for the processing and issuing of residence documentation, for both EU and non-EU nationals. EU Nationals do not need a permit…
13.09.2023 Your guide to seamless accounting and administration Are you considering taking the exciting leap into self-employment in Malta? Being your own boss and pursuing your passion is an exciting journey, but it comes with its fair share of challenges, particularly in the realm of accounting and administration. Fortunately, you don’t have to navigate this…
07.09.2023 In the world of business, managing payroll in Malta can be a daunting task, but it’s also one of the most crucial. Whether you’re a small startup or a well-established company in Malta, efficient payroll management is vital to keep your employees satisfied and your business compliant with local regulations. In this blog post,…