Accountancy
At Pauliana Said Accountancy and Tax Consultancy, we are amply geared to provide the full circle of services related to Accountancy and VAT. Maintaining accurate financial records and ensuring compliance with Maltese laws and regulations is the foundation of any business.
We understand that most entrepreneurs and small firms do not have full accounting knowledge or the time or inclination to stay up to date with all accounting and VAT rules and standards. Smaller organisations might not have the resources, or dedicated personnel focused on in-house accounting and bookkeeping functions. In such cases, relying on outside help to handle accounting and VAT will be more cost-effective. This is where we guide, streamline and set up processes within the business to ensure that all financial records are being captured, handled appropriately and stored. Modern accounting cannot be done without technology, and from our end, we will also advise about specific software and technology solutions that you might need to use to streamline your operations.
Accounting and bookkeeping services involve helping clients with handling financial records, transaction processing, and account reconciliations. This service is especially important for a growing business that is taking its operations to a new level. The volume of the business might require better organisational skills to avoid bottlenecks and ensure that effective and efficient bookkeeping does not jeopardise the business's growth.
Our accounting and bookkeeping services include preparing financial statements at the end of the business year. Statements like balance sheets, profit and loss statements, and cash flow reports are not only needed for compliance but are helpful in order to examine the operations of the firm. When needed, we will also meet with our clients to help them analyse their business's financial health and plan for the future.
When it comes to VAT compliance, we take the headache out of this exercise. VAT is an essential aspect of the Maltese tax system, but it can be daunting and complex for small businesses. We will help the company understand the full implications of applicable VAT, VAT exemptions or any other schemes that might apply to your specific industry or type of business. Our comprehensive range of services related to VAT management ensures you avoid pitfalls and complications whilst operating confidently. Businesses operating in Malta needs to registered with the Maltese tax authorities. Our team will assist with the entire VAT registration process. Maintaining compliance with the tax authorities is a vital exercise, and it manages the preparation and timely submission of VAT returns on behalf of our clients, minimising the risks and penalties of late submissions or errors. When our businesses are operating across borders, VAT can be more challenging. Likewise, firms operating in e-commerce and digital services bring the dimension of VAT into the global marketplace. In such cases, we provide consultancy on how best to structure online operations in the most VAT-efficient manner whilst navigating obligations.