Business Outsourcing Services
Accounting and Book-Keeping Services
Our firm has a team of qualified certified public accountants who are geared towards international business, fully knowledgeable in providing the necessary accounting services. We use Access Dimensions as the main accounting software that allows bespoke reporting and integration with third party software to enable clients to receive timely and tailor-made reports for their business.
We take over the daunting operations of the day-to-day a client might have, and handle the necessary invoicing, bank payment operations, and related daily reporting to allow a client to focus on getting the business and consolidating new business leads. Clients are allocated specific direct contact persons in our firm who will be tasked in handling the back-office services in a timely fashion.
VAT/Indirect Tax Services
The world of VAT is complex and changing at a very fast speed, which needs specialists knowledgeable with the knowhow and experience to service a client operating internationally. Our VAT team will assist in the process of VAT registration, as well as on-going VAT compliance including any necessary VAT refund application in terms of the 8th VAT Directive, Mini-One Stop Shop (“MOSS”) registration and filing requirements, as well as regular completion and filing of the Recapitulative Statements. We will also deal, on behalf of the client, with the VAT Department in Malta in the event of any dispute or investigation.
Management accounts and Reports
One of the keys to a business entity’s success lies in proper and timely accounting and reporting to management of its financials and key performance indicators. Our team of dedicated accountants understands the needs of our diverse clientele and provides ad hoc reporting and tailor made solutions. This will enable the client to focus on the daily operations of the business entity leaving the daily accounting and reporting functions to our team of professionals.
Statutory Accounts Preparation
In Malta, every registered person engaged in trading operations is to file the relative financial statements in terms of local generally accepted accounting principles or in terms of International Financial Reporting Standards. This legal requirement extends to limited companies but also to other bodies of persons. Our dedicated accounts team is qualified and experienced in preparing the necessary statutory financial statements as necessary in terms of law and regulations.
VAT Returns and Preparation
VAT law is invariably a complex world to navigate especially in the realm of international transactions, in or outside the European Union. Knowing the correct VAT treatment of a transaction or series of transactions would require a specialised team of persons with the necessary skills and experience in preparing the relative VAT returns and also accompanying recapitulative statements. The latter are to be filed for any intra-community supplies or services where the place of supply is in another E.U. member state.
Our VAT team is specialised in preparing the necessary returns in order to keep a VAT-registered person compliant with VAT laws and regulations.
Corporate tax computation
Arriving at the tax base on which to calculate ones dues in taxes, requires skill and knowledge on the respective tax laws applicable. Our team of certified public accountants are knowledgeable in the various aspects of what is taxable, what is deductible, and the methodologies which allow one to arrive at the taxable income.
Company Secretarial Services
Company law in Malta is sophisticated and provides for the various ambits of commerce which apply to commercial partnerships. Invariably, the officers of a company hold far-reaching fiduciary duties to the shareholders of a company and also to the public in general. Our team of specialists can provide the respective expertise in providing any services necessary for any legal entity subject to the Companies Act 1995 to satisfy its legal and regulatory requirements.
Business entities engaging persons in terms of contracts of employment in Malta have to be aware of and follow various legislation with respect to employment law, taxation and contributions of social security payments. Our dedicated team is knowledgeable and experienced in providing payroll services from cradle to grave, including the licensing requirements for engaging a new employee, on-going salary computations, payslips, tax/social security contributions and employment termination.