Our finance and corporate managed services team provide a valuable and efficient outsourcing solution to our clients which enables them to focus on their core operations and in making immediate business decisions, based on complete and accurate data.
In a corporate world which has become ever more complex, meeting deadlines and ensuring that your ongoing compliance obligations are always up-to-date has become key. Our managed services combined, provide our clients with the peace of mind that their obligations at law are met in a timely manner avoiding unnecessary penalties.
The team supports clients in running their businesses and Denise Bartolo, Rico Bonello and Elaine Muscat are here to tell us why they love their job and this area in particular.
Having a dedicated team of professionals who are equipped with the relevant expertise and technology, we provide multiple managed services to our clients including, accounting services comprising of bookkeeping and financial reporting, secondment of personnel to our clients, tax, VAT and payroll compliance services. Corporate services include the setting up of Companies, Trusts and Foundations whilst providing ongoing secretarial and administration support throughout the life-time of an entity.
Our clients, local and international businesses, operate in different sectors - retail, manufacturing, pharmaceutical, insurance, and consultancy amongst others. Our clients vary from multinationals, family businesses, private companies, trusts and foundations. The diverse portfolio of our clients, positions us to better understand the requirements and business needs of our clients.
Our people are highly experienced with a varied skill set and are accustomed to provide the services in a tailored manner to various businesses. Receiving continuous training for technical updates, best practices and available technologies, the team is a valuable resource to our clients to improve their business operations in a quick and efficient manner.
The team brings together qualified professionals with various areas of competence including Accounting with special focus on IFRS, Tax, VAT, Secretarial and Administration, AML/CFT, Banking, and Management.
We may also step in to advise and assist you with taking good business decisions and recommend the best courses of action. By adopting this approach, we have succeeded in building strong and trusted relationships with our clients.
General accounting services - using a cloud-based solution to record and post all financial transactions, carry out bank and other financial reconciliations, and posting of year-end journals;
Where the accounting and bookkeeping is done by the clients’ finance team, we may step-in and assist the team with the accounting of complex transactions; and/or review of the full ledger and reconciliations;
Financial reporting – drafting of periodic and financial reports, as may be required by management, and providing a detailed analysis of the financial results;
Preparation of statutory financial statements in accordance with the applicable accounting framework (local accounting framework or IFRS) and the Maltese Companies Act;
Support during the statutory external audit including preparation of accounting-related documents and liaison with the external auditors during the audit period;
Budgeting and forecasting enabling cost and cash flow management.
Aggregation and consolidation of the Group’s financial results and position;
Preparation of the consolidated financial statements in accordance with the relevant financial reporting framework.
Preparation of income tax computation;
Preparation and submission of the self-assessment income tax return including the statement of movements in reserves, the Tax Index of Financial Data and other prescribed attachments.
Registration for VAT purposes in Malta;
Preparation and submission of VAT Returns and Recapitulative Statements including assistance with other ongoing compliance obligations;
Healthchecks to ensure that the entity is at all times VAT compliant and abreast with changes to VAT legislation.
Initial registrations of your business as an employer;
Regulatory compliance and registration of employees;
Facilitating payments due to employees and tax authorities;
Incorporation of a Maltese company in terms of the Maltese Companies Act;
Redomiciliation of a foreign company to be continued in Malta;
Setting up of trusts, foundations and partnerships.
Maintenance of the Company’s registers including shareholders, directors and company secretary and beneficial ownership register;
Preparation of the annual return and annual beneficial ownership confirmation;
Beneficial ownership statutory forms and declarations and preparation of the necessary forms and documentation for changes to the Company’s directors, registered office address, company secretary or corporate name;
Drafting of any corporate resolutions and/or minutes relative to statutory requirements;
Preparation of share certificates;
Assistance with any compliance inspection carried out by the Malta Business Registry.
Support with the day to day administrative functions applicable to the entity;
Monitoring the compliance obligations to ensure that all statutory requirements are met within the stipulated deadlines.
Communicating with your preferred bank in relation to the procedures and steps required to open a bank account;
Completing the necessary bank account opening forms;
Collating and providing the bank with the due diligence documentation required for the purposes of opening the bank account;
Setting up of internet banking facilities for the entity;
Debit/Credit card application and respective facilities (when required);
Assistance with any ongoing bank account reviews carried out by the entity’s bankers.
Assisting with the steps required to enable the Company to be placed into liquidation;
Preparation and submission of the statutory documentation to place the Company into liquidation;
Preparation of the required financial reports including Statement of Assets and Liabilities, and financial statements as may be required;
Supporting the liquidator with all matters and steps to be seen to once a Company is placed into liquidation, including strike off.
Onboarding of clients - assistance with client acceptance procedures and the collection of the required documentation/information including background and screening checks as required by law and in line with your policies and procedures;
Ongoing monitoring of your customer due diligence documentation to ensure that all documentation and information is kept up-to-date;