Our goal at TACS is to be in compliance with laws and regulations and constantly updated with changes in International Financial Reporting Standards and International Standards of Auditing.
This is one of the many reasons why TACS offers the full spectrum of accounting and bookkeeping services, tailored to your specific needs. We appreciate the fact that what a small business company needs may not be the same as an iGaming listed entity and we strive to provide excellence in both occasions.
Our team is constantly striving to seek the right balance between quality and cost- effectiveness, reviewing our processes to be able to provide an evergreen model that can be adapted easily to different clients’ needs. We are in the business of improving on your current regulatory reporting systems, while ensuring you remain compliant throughout. TACS can help you identify weak points, suggest strengthening alternatives and point out opportunities in your specific industry.
Our services in the auditing area include, but are not limited to:
- Financial Statements Audit
- Local Statutory Audits
- Data Analytics Audit
- EU Reform Audit
Whatever your specifications, we can help guide you through complex issues which may arise during the audit, conducting it independently and following up with results and clarifications. Let us help you mitigate the risks by preparing you well for what may lie ahead, with data insights that will make you see your own business from a fresh perspective. The team at TACS can also help you navigate through new reforms which require in-depth preparation so as to be in full compliance at all times.
Our mission at TACS is to help you create wealth and value for your business to prosper, both in periods of positive economic growth but also during turbulent financial times. With proper auditing and data analysis, which allow for contingency plans to be put in place, your business will be able to weather out any storm. We also liaise with other corporate service providers or accounting firms who do not provide audit, should you already have an accounting firm of trust.
Assurance reports play a pivotal role in listed entities by providing stakeholders with confidence in financial information and operational processes. These reports, conducted by us, auditors, assure the reliability of financial statements, enhancing transparency and trust among investors. The assurance process verifies compliance with regulatory standards, mitigates risks, and fosters accountability. Additionally, assurance reports contribute to informed decision-making, safeguarding the interests of shareholders and other stakeholders. Ultimately, these reports bolster the credibility of listed companies, promoting a stable and trustworthy financial environment that is essential for sustainable growth and investor confidence.
At TACS, we can also vide invaluable guidance on personal tax matters by staying abreast of the latest tax regulations and ensuring compliance with local laws. We can assist individuals in optimizing their tax positions, identifying eligible deductions, and maximizing savings. We can provide personalized advice on tax planning, helping clients make informed decisions to minimize liabilities. Additionally, we can guide expatriates through the complexities of residency rules, ensuring proper tax treatment. Through our expertise, we play a crucial role in mitigating risks, filing accurate returns, and ensuring individuals benefit from available tax incentives while navigating the dynamic landscape of personal taxation in Malta.
In Malta, tax rulings play a crucial role, when a company is involved in a merger, demerger, division, amalgamation, or reorganisation, to determine the income tax and duty treatment arising from such a change. At TACS we can provide guidance on the legislation governing these rules, the conditions, and its application to be eligible for the tax ruling.
