The Council of the European Union has formally approved the Omnibus I package, which revises and simplifies both the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D). This decision marks the final major political step before the legislative act is published in the EU Official Journal. Once published, the act […]
The Power of Integration: Connecting Your Cloud Accounting with Other Business-Critical Tools Cloud accounting has already transformed how businesses manage their finances, giving you and your team real-time access to data, from anywhere, without the hassle of chasing spreadsheets or waiting on reports from siloed departments. That’s really only the tip of the iceberg when […]
EFRAG launches the ESRS Knowledge Hub, an interactive online platform designed to support companies, practitioners and stakeholders in navigating the European Sustainability Reporting Standards (ESRS) and broader sustainability reporting materials developed by EFRAG. Read more.
8 Hidden Costs of Outdated Accounting Systems and how the Cloud can Eliminate Financial Waste For any small to medium-sized businesses, every expense matters. And when budgets are tight, holding off on big investments might seem like the safest bet. It’s easy to assume that by not spending, you’re protecting your bottom line. But in […]
Top Challenges Faced by CFOs (and How the Cloud Can Help) Today’s CFO wears many hats. They’re no longer just the company’s top accountant. They’re also a strategist, growth driver, risk manager, and tech adopter. From steering financial planning to advising on investments and helping businesses pivot in fast-changing markets, the modern CFO’s role is […]
The Malta Tax and Customs Administration (MTCA) released Explanatory Notes for the purpose of article 3(2)(c) of Cap. 512 of the Laws of Malta. In February 2020, the Council of the European Union (EU) adopted Council Directive (EU) 2020/285 amending Directive 2006/112/EC (EU VAT Directive) on the common system of value added tax (VAT). These […]
The AI Advantage: Accounting Smarter, Not Harder In recent years, Artificial Intelligence (AI) has become ubiquitous in our daily lives and work, reshaping industries at an astonishing pace. And the future of accounting is certainly being influenced by the use of AI. Like any transformative leap in technology, AI has brought a mix of excitement […]
There’s no doubt that cloud solutions have become essential for accountants and bookkeeping firms to simplify processes, boost efficiency, and foster growth. But with a flood of apps and solutions on the market, it’s no wonder that most small firms are finding it extremely challenging to navigate this myriad of tech solutions while still meeting […]
The MGA has recently introduced the “Involvements” functionality accessible from the Personal Profile page. This has been designed for users to have quick and easy access to their involvement information. In this regard, MGA kindly asks users to review their Work Email within the “Approved Key Person Roles” grid and update or populate the email addresses if necessary. As from the coming […]
The International Auditing and Assurance Standards Board (IAASB) has issued new guidance on the application of the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities, known as the ISA for LCE. The Authority Supplemental Guidance will help users in determining the appropriate situations to use the standard. The guidance will be particularly […]