The newly announced measures for Malta’s 2021 budget introduce a number of new incentives, as well as grant extensions to existing schemes for businesses. Here’s a breakdown of the most salient 2021 Budget incentives: Covid-19 Business Support Measures ⁃ The wage supplement has been extended until March 2021 (same form maintained until the end of the […]
It’s difficult to comprehend just how much cloud accounting has revolutionised the finance sector and empowered businesses to take control of their profits and losses. Accounting is no longer all data entry, spreadsheets, and chasing debtors. With smooth integrations, user permissions and process automation, cloud accounting allows you to manage your finances securely and with […]
Change is inevitable. We need to embrace it. If there’s one thing Covid has taught us, it’s that. And though all there is to say about Covid has been said, this particular lesson stands out more than anything. So, what are we going to do about it? And, by we, I don’t just mean NM. […]
When our clients join us here at NM Group, they become part of our growing family – and we make it a point to take care of our people. We’re always on the lookout for ways to stay at the forefront of developments in accounting, and love to save our awesome clients time and money. […]
What is Cloud Accounting? These days it seems like you just can’t scroll through Facebook or read an article in The Economist without coming across references to something called ‘the cloud’. To those of us in the financial sector, ‘cloud accounting’ seems to be one of the hottest buzzwords around – so what is it exactly and […]
How often have you let VAT go unclaimed when making purchases through foreign vendors? It’s no secret that collecting foreign VAT can become a real chore that isn’t entirely worth your time. That said, why should you lose out on precious money that you have a right to claim back just because the system is flawed? […]
The time has come to finally embark on that project that you’ve been dreaming of – but there’s one big question mark ahead of you. How should you register your business? The two most common options are to operate through a limited liability company or as a self-employed individual. Each of these options come with […]
Although property has always been a lauded investment in Malta, recent years have seen a surge of interest in this market, particularly rentals. In 2020, the Government launched the Private Residential Leases Act, a new law governing how private residential properties are let out and managed. When did it come into effect? Having come into […]
Filing your taxes can be one of the most intimidating aspects of running your own business, whether you’re full-time or part-time self-employed. For the 2019 tax year, the deadline of submission of the TA-22 form is 30th April 2020. Not sure about where to start? No need to panic – we’re breaking down each section […]
Perhaps you’ve landed on this post because you’ve just acquired a property that you’re looking to rent out, and don’t know where to begin. Or perhaps you’re no stranger to the rental market, but you want to be absolutely sure that you’re getting the best deal on your rental tax each year. Whatever the reason, […]