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Dealing With Work-Related Stress

The feeling of stress at the workplace can be caused by various factors, possibly: Difficult interpersonal work or client relationships. Time limitations. Resource limitations. Complex tasks. Risk management. A combination of the above. With healthy work relationships, the effects of stress are diminished. Rather, stress appears similarly as a storm at sea – stressful periods are prone to occur but then do pass. Remedies To...
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Article: ZD Academy Seminars 2020 – Foundation Course in VAT

Posted on28 May 2020
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Date held: 15th & 22nd April 2020 Author: Christabel Spiteri In general tax, is a sensitive subject. Why? Because nobody enjoys paying it. However, most fail to understand that it is necessary to provide us with essential state infrastructure and services. Value Added Tax, or VAT, is a form of indirect taxation that is normally referred to as a general, broadly based consumption tax assessed...
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Article: ZD Academy Seminars 2020 – VAT for Yachting & Aviation

Posted on28 May 2020
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Date held: 11th March 2020 Author: Charles Vella In this seminar we covered or rather navigated through the intricacies associated with Yachting and Aviation operations in Malta from a VAT perspective. The Yachting sector in particular, helped in no small measure by Malta’s strategic position in the Mediterranean, its favourable all-year round mild climate and Government’s pro-business approach, has seen a sustained growth in recent...
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Article: ZD Academy Seminars 2020 – VAT for Insurance & Financial Services

Posted on25 May 2020
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Date held: 14th & 21st May 2020 Author: Charles Vella In this seminar we covered the VAT treatment for Insurance and Financial services, in two sessions, one devoted to the technical aspect and the second to the practical aspect. The Financial Services sector in Malta has grown exponentially these last years in line with the economy. From a sector serving the domestic market up to...
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[Leases – Article 4/5] Accounting For Leases After 2018 – Other Common Situations

Posted on26 Mar 2020
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Determining Direct Costs Direct costs are incremental costs that are incurred in the process of obtaining the lease. Other costs incurred irrespectively of whether the lease contract is entered into or not are not considered to be initial direct costs. Direct costs incurred at the initial stage of the lease are accounted for as part of the right of use asset. An example of a...
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Article: The Accounting Implications of Covid-19 from an IFRS and GAPSME perspective

Posted on22 Mar 2020
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Author: Paul Zammit & John Debattista On March 11, 2020, the World Health Organisation (WHO) officially declared that COVID-19 can be characterised as a ‘pandemic’. A pandemic is a strong, exceptional form of epidemic, in terms of its geographic reach. Whilst the health-related implications of a pandemic can be read in the WHO’s official communication in this link, the economic pinch of efforts made to...
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Article: ZD Academy Seminars 2020 – Right of Deduction

Posted on17 Mar 2020
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Date: Thursday 27th February 2020 Author: Brandon Gatt The deduction system inherent  in the EU VAT Law has been designed to relieve businesses from the burden of the VAT payable or paid in the course of their economic activities. It also promotes tax neutrality. The common system of VAT ensures that all economic activities are taxed in wholly neutral way. This is based on the...
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