The Young Members Group of the Malta Institute of Accountants organised a special training session on the fundamentals of payroll on the 19th of February at Villa Arrigo, Naxxar.

Industry experts Ms Karen Spiteri Bailey and Dr Matthew Brincat gave a comprehensive overview of the subject to introduce young accountants to this vital business function. Over 150 professionals attended the event to learn about legislation, practices and processes covering topics such as leave, notice periods, termination, taxation regulation and Maternity Fund calculations.

The engaging presentation was followed by a Q&A session giving participants the chance to clarify points and delve deeper into specific areas. Attendees were keen to learn about the practical aspects of payroll and asked questions about measures announced in the last budget concerning leave and withholding tax.

Institute President Fabio Axisa said the successful event showed that accountants are eager to continue their professional development throughout their careers. He especially encouraged young participants to be active in the transformation that the accountancy profession is going through: “The fresh perspectives of young people are the instrument of change which the MIA needs to keep driving the profession forward.”

The evening proceeded with a complimentary networking reception offered by the Institute providing the perfect opportunity for participants to meet other young accountants and expand their professional circle. The training session on payroll was sponsored by Konnekt.