Advisory
Service
Change is constant, and it is essential for a business to grow and manage change. This requires agility, innovative thinking, planning, and at times external help.
Fenlex is a Business Advisory Firm with over 35years of experience behind it. At Fenlex, we assist you to start up, acquire, re-domicile and grow your business, as well as offer you professional advice on financial assistance or grants that may be available.
Our team of professionals is able to help you, whether tax, accounting, business, due diligence, regulatory or financial planning is required.
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Related Services
Accounting Advisory
Accounting Advisory
At Fenlex, we offer a wide range of accounting advisory services tailored to your needs. We assist in chart of accounts setup for organised financial record-keeping, offer guidance in selecting appropriate accounting policies, and design customised accounting processes and procedures for improved financial efficiency. We manage year-end and month-end financial statement close processes, ensuring accurate reporting, and provide you comprehensive support for financial reporting, including the preparation of financial statements and the drafting of disclosure notes.
Our accounting advisory team provides assistance on complex transactions, including detailed journal entry support for business combinations, reorganisations, disposals, and purchase price allocations. We offer guidance on accounting impacts for specific transactions, working closely with our tax specialists. We are well-versed in GAAP selection and conversions, ensuring you experience smooth transitions to IFRSs from other frameworks. We also help you adapt to new accounting standards and policy changes, including impact assessments and implementation plans. Our consolidation services cover consolidation model preparation and expert advice on complex consolidation scenarios.
We are dedicated to providing you comprehensive accounting advisory services that assist your business in managing financial complexities, making informed decisions, and achieving your goals efficiently.
1. Transaction Accounting Support and Advisory
Navigating intricate transactions demands expertise and experience. Our team of technical accounting professionals can offer you comprehensive support to assess the financial implications of transactions and uncover potential risks and opportunities. This entails advisory services surrounding a meticulous examination of agreements and contracts associated with these transactions.
We ensure adherence to pertinent accounting standards and regulations while determining the appropriate accounting treatment for each transaction. Additionally, we provide you with assistance in developing detailed financial models to gauge the impact of transactions on your business’ financial performance and standing. With our transaction accounting support, you can confidently navigate transactions, assured that your financial interests are safeguarded.
2. Financial Statements Support
Financial statements are a reflection of a business’ financial performance and position. At Fenlex, we offer comprehensive support for all aspects of financial reporting, including assistance with the preparation or review of financial statements whether prepared under IFRSs or GAPSME. Our team can assist you with accurate and timely financial statements tailored to your specific needs and requirements. From initial assessment to final presentation, we guide you through the process, ensuring adherence to local regulations and best practices, while also optimising financial transparency and credibility.
3. GAAP Selection and Conversions
Selecting the appropriate accounting framework (whether IFRSs or GAPSME) and transitioning from one accounting framework to another can present complexities and hurdles. Our team of accounting experts specialises in assisting you in determining the most appropriate GAAP framework for your business. We meticulously consider diverse factors, including compliance with local regulations, industry standards, and stakeholder preferences, tailoring our approach to suit your specific requirements. Working closely with you, our team of technical accountants collaborates to formulate comprehensive conversion strategies. This ensures a smooth transition from one GAAP framework to another, minimising disruptions to financial reporting processes. We provide continuous support throughout the implementation of GAAP conversions, offering training and guidance to your finance team to ensure strict adherence to standards and accuracy in reporting.
4. Assistance and Guidance on New Accounting Standards or Changes in Accounting Policies
Remaining current with the ever-changing landscape of new accounting standards, whether under GAPSME or IFRSs, is crucial for upholding high-quality financial reporting standards and ensuring transparency for key stakeholders. Our dedicated technical accounting team employs a comprehensive approach to support your business’ finance team. We provide ongoing education through extensive training and resources, ensuring your team stays updated on the latest standard developments. Through meticulous impact assessments, we shed light on how these changes influence your financial statements and operations, empowering you to make informed decisions. Additionally, we offer hands-on implementation support, seamlessly guiding you through the transition process, while ensuring compliance with regulatory requirements regarding changes in accounting policies. With our holistic approach, you can confidently navigate evolving standards and policies, ensuring that your financial reporting practices remain both compliant and transparent.
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Gaming
Gaming
Malta has now long been successfully established as a serious and well-regulated European jurisdiction, as well as a centre of excellence for online gaming. As our client operating within this sector, we offer you bespoke services, which include advising you from pre-application stage, up to and post the issuance of the gaming license by the Malta Gaming Authority (MGA). Our dedicated teams with years of experience in the sector can offer valuable assistance, from license applications, company formation and administration, accountancy, tax and VAT, monthly reporting to MGA, as well as payroll services.
We also offer individuals with expertise in a number of areas to fill in Key Function Roles that are a requirement of the regulations in Malta.
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Tax Advisory
Tax Advisory
Tax complexities can be daunting, so staying ahead of the evolving changes to the global tax system is essential. Our tax advisory team helps you identify opportunities to achieve your business goals, and having the right partner can make all the difference. We are committed to offering best-in-class expertise and support by drawing from the experience and knowledge of our team.
Our team of tax professionals can help you navigate through the intricate world of taxation. Whether you are aiming to optimise your tax strategy, or ensure compliance with ever-changing laws, we can help manage the complexity of tax.