Accounting Services in Malta

Reliable and professional accounting services

Speak to a Warranted Accountant

Free consultation. No obligations.

Approved by the Malta Accountancy Board
ACCA & MIA certified professionals
Wide range of accounting services
Reliable accounting solutions for your business
Professional hands-on support

Led by

Gianluca Tanti

Head of Accounts & Business Advisory

Valentina Zammit Stojanovic

Payroll Administrator

Reliable accounting services for your business

With the growing complexity of business transactions and the evolving reporting requirements, financial reporting is becoming increasingly challenging. Yet, accurate and transparent accounting is no longer viewed merely as a regulatory requirement. For many fast growing businesses, it has become the basis for informed decision making and sustainable business growth.

Working with a reliable accountant is fundamental for any company. You require accuracy, efficiency, and expertise, but most importantly, you need an accountant who takes real pride in their work. Trust, clarity and compliance start with choosing the correct service provider, and that’s exactly what our accounting team at Borg Galea & Associates delivers. We assist in managing the complexity of financial reporting while supporting the strategic decisions of your business.

Our Accounting Services

Management accounts are essential to your business as they provide you with Key Performance Indicators (KPIs) on the go. Any anomalies can be captured much earlier and decision making will be based on robust financial information.

Your Benefits

Access to timely, accurate and reliable accounting information, allowing businesses to make well-informed strategic business decisions, such as addressing potential issues or capitalising on business growth opportunities
The ability to monitor expenses, identify inefficiencies, implement cost control measures, and optimise resource allocation to enhance profitability
Effective cash flow management through continuous monitoring of debtors, creditors and possible liquidity gaps
Monitoring of KPIs to assess progress and assist in the decision making process
Identification, evaluation and mitigation of financial risks, paving the way for robust risk management practices within a business
The ability to formulate accurate and realistic projections through the provision of reliable and timely accounting information
Provides businesses with strategic business planning capabilities, which can also facilitate the tax planning process

What is Included

Monthly or quarterly reporting
Income and revenue analysis
Expenses analysis
Debtors and creditors analysis
Variance analysis
Trend analysis
Support with business planning

Building on the entire bookkeeping process, the preparation of a full set of accurate financial statements, in accordance with the accounting framework selected with your designated accountant, is fundamental to ensuring compliance with both statutory and financial reporting requirements.

Your Benefits

Full compliance with all legal requirements
Peace of mind that your financial statements are audit ready
Adherence to relevant accounting standards
Identification of potential efficiencies and improvements within your business
Enhanced confidence and trust amongst investors, banks and suppliers

What is Included

Continuous expert guidance from our experienced accounting team
IFRS or GAPSME implementation
Audit coordination
Liaising with the auditors as required
Actual filing of the financial statements with the Malta Business Registry

Businesses or individuals who employ staff, whether part-time or full-time, are required to manage payroll activities. These responsibilities extend well beyond the generation of monthly payslips and include a range of related administrative and compliance tasks.

Your Benefits

Accurate and timely payroll processing
Full compliance with all the local employment and tax regulations
Reduced risk of errors, as well as a lower risk of incurring related penalties, through professional management of your company’s payroll function
Direct access to our dedicated and professional payroll team
Saving time and resources through our payroll outsourcing services

What is Included

Payslip preparation
Preparation and submission of the FS3s, FS5s and FS7
Applying for the permit to be an employer (PE Number)
Register and deregister your employees
Keeping track of employee leave

Why Choose Borg Galea & Associates?

Using reliable strategies and tailor-made solutions, we exceed expectations when it comes to accounting services in Malta, ensuring that corporate and private clients and social organisations are in compliance with local statutory reporting obligations.

Expert Guidance

Our team of experienced and warranted accounting professionals provides expert guidance throughout the entire process, ensuring that your business’s accounting function is managed effectively and in a professional manner.

Smooth Process

All services within the accounting function, from bookkeeping to management accounts, payroll, and the preparation of financial statements, integrate smoothly, with our team managing each aspect effectively.

Real-Time Financial Insights

We provide timely, accurate financial information and periodic reports, enabling management to make informed strategic decisions.

Flexible Service Model

Services are tailored to your company’s size, complexity, and industry, allowing scalable solutions that grow with your business.

Regulatory Compliance

We ensure full compliance with Maltese statutory requirements, and financial reporting accounting frameworks, and reporting standards.

Cloud-Based Solutions

We use secure, cloud-enabled accounting software, providing reliable and instant access to your financial data whenever required.

Transparent Reporting

We provide clear, structured, and accurate financial reports that deliver meaningful insights to support robust financial planning.

Cost-Efficient Services

We deliver cost-effective accounting solutions, tailored to your company’s size, complexity, and industry, at transparent and pre-agreed fees.

Dedicated Point of Contact

In addition to being assigned a dedicated warranted accountant, each client benefits from a personalised customer support approach, provided by the assigned account manager, ensuring personalised support and continuity of service.

Advisory Support

In addition to accounting services, we provide practical advisory guidance across all areas of your business.

Peace of Mind

We provide you with the required peace of mind that your accounting function is managed effectively through our outsourcing services, allowing your team to focus on the strategic growth and operational objectives of your business.

Confidentiality

We treat all financial information with the highest level of confidentiality, following robust data protection practices.

Looking for a Reliable Accounting Partner?

Discuss My Requirements

Frequently Asked Questions

Our firm is a reliable, warranted accounting service provider in Malta, with years of experience providing clients with practical accounting solutions. Specifically, our team of certified accountants handles the full accounting function, including bookkeeping, payroll, management accounts, financial statement preparation, and reporting. We also provide advisory support to assist with budgeting, cash flow, and strategic planning.

Maintaining accurate bookkeeping records for all business transactions, including, performing monthly bank reconciliations, and ensuring the timely calculation, review, and submission of periodic VAT and tax returns are all fundamental obligations, which collectively form part of the broader accounting function leading to the preparation of a company’s financial statements.

Nearly all companies registered in Malta are required to prepare a set of financial statements, which generally must be audited by a professional auditor, unless the company qualifies for an exemption under the Companies Act. The exemption criteria are based on specific size thresholds, and our team can assist you in determining whether your company qualifies for any available exemptions.

You will be assigned a dedicated warranted accountant and a bookkeeper who will consistently support you with your monthly bookkeeping and accounting processes, ensuring clear communication and the delivery of professional accounting services you require and deserve.

In addition to being assigned a dedicated warranted accountant and a bookkeeper, each client benefits from personalised customer support provided by the assigned account manager, ensuring immediate access to our firm and team of professionals.

Outsourced accounting is when a business entrusts its financial tasks, such as bookkeeping, reporting, and compliance, to an external service provider. This service involves the provision of expert support, streamlined processes, and reliable insights without the need for an internal accounting team.

We use a cloud based accounting systems with rigorous data protection and compliance controls, aligned with Maltese legislation and standards.

From VAT registration to the provision of bookkeeping, accounting, and audit services, our firm ensures that your company always remains in good standing, helping you avoid the imposition of hefty fines and penalties.

Payroll outsourcing involves entrusting your payroll function to an external service provider, who manages everything from calculating wages to paying staff securely and on time. It ensures your employees are paid accurately each month while keeping your business fully compliant with local employment and tax regulations.

Switching payroll providers is straightforward. Our team manages the transfer of data and processes.

Related Publications

Stay informed with our latest insights and expert guidance.

Accounting22 July 2022

Accounting In Malta, Tips & Tricks

Store such documents in line with the VAT periods. Generally speaking, in Malta, VAT return preparations are required on a quarterly basis. Thus, storing accounting records quarterly would ease tracing back and forth invoices to compare them to specific VAT periods. Moreover, keep revenue and expens

Read Article

Accounting15 January 2021

Why do I need book-keeping and accounts?

Many small businesses and self-employed individuals question whether they should keep their accounting records up to date like big businesses. The simple answer to this is that every business and self-employed individual, irrespective of their size, should keep their records up to date. This article

Read Article

View all publications

Machine-readable version

Get Professional Accounting Support

Schedule a free initial consultation, kindly submit your information via the form and one of our experts will get in touch with you within one business day. Alternatively, do not hesitate to give us a call on +356 2703 7012 or just send us an email on info@borggalea.com.

You will speak with