NewsCase StudiesEvents

Accounting in Malta

Malta

Accounting in Malta

Malta Business Experts

Recent forum posts

 

  1. business services for purchasing cocoa beans, roucou and cashew nuts

    Hello everyone,My name is Hermann Rodrigue KOUADIO, I am African, of Ivorian nationality. My interest on this site is to sell large quantities of agricultural products including cocoa beans, roucou seeds, and cashew nuts. And to allow German companies to build a supply chain with producers.I have a quantity of 10,000 tons of cocoa beans for sale for the next harvest in September-December. I am

    Total Posts: 1 Last post by Hermann

  2. Private venue event - running a bar

    I have been asked through a colleague to run a bar for a private event at a chateau in France. It is a pay per drink bar, and I am trying to make sense of the legal requirements - any advice please

    Total Posts: 1 Last post by PaulC

Accounting in Malta

It is recommended, and probably in your best interest, to employ an accountant. They'll nearly always save money, and more importantly, will make your business the most financially efficient it can be. Used wisely, accountants in Malta can make you more profitable than ever.

Accountants in Malta provide a range of services. They can look after everything financial, from fundamental book-keeping to more specific advice. You could hire accountants in Malta simply to prepare financial statements for your tax return, or you may require them for other added-value services such as auditing. Accounts must be audited each year, unless the company or region you are based in is exempt.

It is essential to choose an appropriate accountant for your circumstances. If you just want an accountant to take care of your book-keeping, then a small firm will probably suffice. However, if you require astute financial and planning advice, a larger, more reputable company might be needed. Check they're chartered / registered with a recognised accounting body. It is important to lay out exactly what you want them to do for you and what the charges will be.

Keeping a sound financial record is essential. Apply yourself. Have a good system in place and then the time that you do spend on accounts won't be so burdensome. Ensure you retain receipts for everything you buy. It is recommended that you keep a ledger or book with the details of what the receipt is for. Keep a record of all sent and received invoices too. These will keep you informed that you've been paid or have money owing, etc.

Ultimately, applied and diligent record-keeping will keep your accountancy costs low.

Click here to Ask an Expert about Accounting in Malta

Organisations that can assist with Accounting

  • > PEO Worldwide Limited

    PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.

    More Details Visit Website
  • > Papilio Services Limited

    Papilio Services Limited is a leading independent Maltese service provider with a focus on corporate, residence and tax advisory services to private clients and businesses worldwide. We provide holistic tailor made solutions for persons or businesses wishing to set up business in Malta.

    More Details Visit Website
  • > Cross Border VAT Support Ltd

    Your One-Stop Shop for Cross Border VAT Compliance

    More Details
  • > Blue Marble Global Payroll

    Simplified Global Payroll Companies with global employees often find that managing payroll in multiple countries is complicated - different systems, laws, and languages in each country, lack of reporting, and constantly changing laws and regulations each year. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, aggregated reporting, and a hybrid service model in 135+ countries around the world.

    More Details Visit Website
  • > Sovereign Group

    Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.