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How vital is it for startups to have their accounting controlled from the start?
When launching a startup, founders often have a whirlwind of priorities to manage—product development, marketing strategies, hiring talent, and seeking investment. Amid the excitement and frenzy, one critical area that often gets overlooked is the financial and accounting aspect of the business.
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Xero vs. QuickBooks: Which Accounting Software is Right for Your Business?
Whether you’re starting a start-up or your business is already in operation, the right accounting software can make all the difference in maintaining financial health and fostering growth. With so many options available, it can be challenging to determine the best fit for your business. That’s where Xero and QuickBooks come in as leading contenders,…
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12% VAT rate on the hiring of pleasure boats
Today the Tax & Customs office issued guideline related to the hiring of pleasure boats that includes a reduced VAT rate of 12% shall apply to the supply of the aforemenoned services where the tax on such services becomes chargeable in terms of the Fourth Schedule to the VAT Act on or after 1st January…
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Malta introduces a new 12% VAT rate
Malta’s government has introduced a new reduced VAT rate of 12% for certain services, including custodian services, management of credit and credit guarantees, short-term hiring of pleasure boats, and health care services that do not qualify for exemption. The reduced rate will come into effect on January 1, 2024, and is expected to ease the…
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Online Bookkeeping
When you are just starting a company, it may make sense to try to meet your own accounting and bookkeeping requirements. As a result, costs are reduced. But it didn’t take long to realise that you might need help. Why not rely on online accounting services for these tasks so you can focus on your…
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Delivering Transformation Strategic Plan 2023-2025
The Malta Tax and Customs Administration has launched the ‘Delivering Transformation Strategic Plan 2023-2025′.