As from 1 July 2026, the European Union will introduce a temporary €3 customs duty on low-value consignments imported from outside the EU which will apply to goods valued at €150 or less. This is replacing the existing customs duty exemption that ends on 30 June 2026. The measure will remain in place until 1 July […]
If you run an SME, this might sound familiar. You’ve worked hard to build your business. You’ve hired talented people, created opportunities for growth, and developed a loyal team. Yet as the business grows, managing people seems to become more challenging. Your managers feel stretched. Team performance varies from department to department. Communication breaks down, and […]
The Maltese tax authorities have introduced amendments to the Capital Gains Rules (LN 156 of 2026) and the Duty on Documents and Transfers Rules (LN 158 of 2026). These changes affect certain transfers of shares and transfers of value involving companies.
Giving someone negative feedback is never fun. Whether it is telling a coworker they missed the mark, discussing something that bothers you with a friend, or trying to help someone improve, these conversations can be uncomfortable. But if handled well, feedback can strengthen trust and help people grow.Unfortunately, it is easy to get it wrong. […]
Maintaining accurate and updating financial records monthly is crucial for any business. Monthly bookkeeping not only simplifies VAT preparation but also helps make sure you keep track of your cash flow. To make bookkeeping easier, we’ve put together a practical monthly checklist. These simple steps will guide you through reviewing transactions, reconciling accounts, and staying […]
Human error in bookkeeping can lead to costly mistakes, from incorrect tax filings to misreported revenue. Outsourced bookkeeping firms employ diligent processes and advanced software to minimise errors. Their teams are trained to spot discrepancies and maintain clean, organised financial records. Cleaner books not only reduce the risk of being non-compliant, but also provide a […]
Even top performers need mentors, but not in the same way as everyone else. High achievers thrive when mentors push them to grow beyond comfort zones, build emotional intelligence, and expand their networks. Great mentorship isn’t about praise: it’s about challenge, reflection, and connection.
The Role of AI in Accounting AI plays a growing role in modern accounting. It improves efficiency, reduces errors, and provides deeper insights into financial data. As a result, accountants spend less time on routine tasks and more time on strategic work. How AI Automates Accounting Tasks 1. Data Entry AI tools […]
Performance reviews can be powerful catalysts for growth when they’re treated as ongoing conversations rather than once-a-year formalities. By weaving regular feedback into everyday work, managers turn performance reviews into opportunities for clearer goals, concrete development, and stronger trust. Prepare with concrete examples, invite two-way dialogue, and set SMART goals together so your performance reviews are action-focused and genuinely motivating.
The Maltese government has taken a major step in tobacco regulation by publishing Legal Notice 195 of 2025. This notice amends the Fifth and Sixth Schedules of the Excise Duty Act and introduces excise duty on smokeless tobacco products. As a result, Malta now applies stricter control and taxation measures to products that were previously only loosely regulated.