HR Management outsourcing

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Audit control is an integral part of each company’s control procedures required for gaining the trust of clients and partners as well as managing the company.

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Other audit services
We help clients with the application and use of foreign financial aid of EU and other funds and help prepare financial reports.
Audit calculator
The calculator will answer if the company's sales revenue, assets or number of employees exceed the limit of an inspection or audit.

Corporate accounting and outsourcing

We offer full range of accounting and outsourcing services tailored to your needs.

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We perform payroll accounting for companies whether they employ a few or hundreds of employees.
Tax accounting
Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
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We prepare annual reports in a timely manner. We help to prepare management reports and various mandatory reports.
Consolidation of financial statements
Our experienced accountants and advisors help you prepare consolidation tables and make the consolidation process more efficient.
Consultancy and temporary staff
Our experienced specialists advise on more complex accounting transactions, rectify poor historic accounting, and offer the temporary replacement of an accountant.
Outsourced CFO service
Our CFO service is suitable for companies of all sizes and in all industries. We offer services to our clients in the required amount and competences.
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We help companies to implement accounting practices that are in compliance with local and international standards.
Accounting services for small businesses
We offer affordable service for small businesses. We help organize processes as smartly and cost-effectively as possible.
Cryptocurrency accounting
We keep up with blockchain technology to serve and advise crypto companies. We are supported by a network of colleagues in 130 countries.
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Our accountants have experience in all matters related to accounting and reporting. We offer our clients professional training according to their needs.

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Commercial Register Act Problems in practice with compulsory dissolution of companies

For years, the Commercial Register allowed companies to operate in the Estonian business environment as if disclosure of economic figures was optional. Last year, an abrupt change in direction occurred.

| 8 min read | 08 Apr 2024

Payroll

We perform payroll accounting for companies whether they employ a few or hundreds of employees. We do not offer one-size-fits-all packages, but always proceed...

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We provide entrepreneurs with comprehensive legal advice to contribute to their economic success.

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We offer legal support to both start-ups and expanding companies, making sure that all legal steps are well thought out in detail.
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Our specialists advise payment institutions, virtual currency service providers and financial institutions.
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We thoroughly analyze the internal documents, legal relations, and business compliance of the company to be merged or acquired.
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The service is intended for entrepreneurs who are looking for a reliable partner to solve the company's day-to-day legal issues.
The contact person service
We offer a contact person service to Estonian companies with a board located abroad.
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We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.

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Commercial Register Act Problems in practice with compulsory dissolution of companies

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Whether your company is just starting out, growing rapidly or in a stable stage of life - you need expert advice from time to time to make the right decisions.

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We support you in updating your marketing and brand strategy and customer management system, so that you can adapt in this time of rapid changes.
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A good organizational culture is like a trump card for a company. We guide you how to collect trump cards!
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A good business plan is a guide and management tool for an entrepreneur, a source of information for financial institutions and potential investors to make financial decisions.

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Failure to provide sufficient attention to corporate development and financial planning may trigger difficulties.

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We perform due diligence so that investors can get a thorough overview of the company before the planned purchase transaction.
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Forensic expert services
Our experienced, nationally recognized forensic experts provide assessments in the economic and financial field.
Business plans and financial forecasts
The lack of planning and control of cash resources is the reason often given for the failure of many businesses. We help you prepare proper forecasts to reduce business risks.
Outsourced CFO service
Our CFO service is suitable for companies of all sizes and in all industries. We offer services to our clients in the required amount and competences.
Reorganization
Our experienced reorganizers offer ways to overcome the company's economic difficulties and restore liquidity in order to manage sustainably in the future.
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Tax

With more than 25 years of experience, our team offers wide range of tax services in close cooperation with colleagues from the Grant Thornton network.

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Corporate taxation
We advise on all matters related to corporate taxation.
Value added tax and other indirect taxes
We have extensive knowledge in the field of VAT, excise duties and customs, both on the national and international level.
International taxation
We advise on foreign tax systems and international tax regulations, including the requirements of cross-border reporting.
Transfer pricing
We help plan and document all aspects of a company's transfer pricing strategy.
Taxation of transactions
We plan the tax consequences of a company's acquisition, transfer, refinancing, restructuring, and listing of bonds or shares.
Taxation of employees in cross-border operations
An employee of an Estonian company abroad and an employee of a foreign company in Estonia - we advise on tax rules.
Tax risk audit
We perform a risk audit that helps diagnose and limit tax risks and optimize tax obligations.
Representing the client in Tax Board
We prevent tax problems and ensure smooth communication with the Tax and Customs Board.
Taxation of private individuals
We advise individuals on personal income taxation issues and, represent the client in communication with the Tax and Customs Board.
Pan-Baltic tax system comparison
Our tax specialists have prepared a comparison of the tax systems of the Baltic countries regarding the taxation of companies and individuals.

Mergers and acquisitions

Should you wish to buy out a competitor to boost your business, or, rather, to dispose of your company, the advisers of Grant Thornton Baltic will provide you...

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Human resources and recruitment services

We offer to outsource the HR services in the exact amount and precisely in the section of work that you need.

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Recruitment services – personnel search
We help fill positions in your company with competent and dedicated employees who help realize the company's strategic goals.
Recruitment support services
Support services help to determine whether the candidates match the company's expectations. The most used support services are candidate testing and evaluation.
Implementation of human resource management processes
We either assume a full control of the launch of processes related to HR management, or we are a supportive advisory partner for the HR manager.
Audit of HR management processes
We map the HR management processes and provide an overview of how to assess the health of the organization from the HR management perspective.
HR Documentation and Operating Model Advisory Services work
We support companies in setting up HR documentation and operational processes with a necessary quality.
Employee Surveys
We help to carry out goal-oriented and high-quality employee surveys. We analyse the results, make reports, and draw conclusions.
HR Management outsourcing
We offer both temporary and permanent/long-term HR manager services to companies.

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Company culture A compassionate employer also looks after employees’ mental health

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| 5 min read | 08 Apr 2024

Business risk services and internal audit

Our experienced specialists help your organization to regularly assess risks that threaten the fulfillment of goals.

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Internal audit
We assist you in performing the internal audit function, performing internal audits and advisory work, evaluating governance, and conducting training.
Internal Audit in the Financial Services Sector
We provide internal audit services to financial sector companies. We can support the creation of an internal audit function already when applying for a sectoral activity license.
Audit of projects
We conduct audits of projects that have received European Union funds, state aid, foreign aid, or other grants.
Prevention of money laundering
We help to prepare a money laundering risk assessment and efficient anti-money laundering procedures, conduct internal audits and training.
Risk assessment and risk management
We advise you on conducting a risk assessment and setting up a risk management system.
Custom tasks
At the request of the client, we perform audits, inspections and analyzes with a specific purpose and scope.
External Quality Assessment of the Internal Audit Activity
We conduct an external evaluation of the quality of the internal audit or provide independent assurance on the self-assessment.
Whistleblowing and reporting misconduct
We can help build the whistleblowing system, from implementation, internal repairs and staff training to the creation of a reporting channel and case management.

Services for crypto companies

As one of the few advisory companies in Estonia, we are competent to offer virtual currency service providers (VASP) support services, such as accounting, tax...

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Sustainability services

We advise companies who, in conducting responsible business, consider in addition to profit, the impact of their activities on the surrounding world.

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Sustainability advisory
We help solve issues related to the environment, social capital, employees, business model and good management practices.
Sustainability audit
Our auditors review and certify sustainability reports in accordance with international standards.
Sustainable finance
We help investors to analyze the environmental issues, social responsibility and good management practices of the company of interest.
Sustainable tax
Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.

Digital services

Grant Thornton Digital helps you develop and deploy smart digital solutions that lead your business into the future.

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Digital strategy
We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics.
Intelligent automation
We aid you in determining your business’ needs and opportunities, as well as model the business processes to provide the best user experience and efficiency.
Business Intelligence
Our team of experienced business analysts will help you get a grip on your data by mapping and structuring all the data available.
Cybersecurity
A proactive cyber strategy delivers you peace of mind, allowing you to focus on realising your company’s growth potential.
Innovation as a Service
On average, one in four projects fails and one in two needs changes. We help manage the innovation of your company's digital solutions!

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Case study We advised German company RAUMEDIC

Grant Thornton Baltic OÜ advised German company RAUMEDIC AG on the acquisition of aktsiaselts A&G. RAUMEDIC AG is a leading developer and manufacturer of systems and components and a partner to medical and pharmaceutical industries. Core business of aktsiaselts A&G is production of medical supplies.

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HR Management Outsourcing

The head of human resources is a key role in every organization. If the previous HR manager has left the company and the new one has not yet started (or it is not feasible to hire one), it‘s worth to outsource the HR Manager to prevent the competence vacuum and avoid accumulating of uncompleted work.

External HR manager can bring competences, experience and best practices that may be inaccessible for a smaller company that might not be able to hire a full-time HR professional.

With a fresh pair of eyes and experience, the stand-in can surprise the company, highlighting topics that no one in the company has thought of before.

External HR manager will keep the everyday routines and activities operational while hiring of the permanent employee may take more time than expected.

Temporary Human Resources Manager

In case the organization suffers of a temporary absence of the HR manager, it is often reasonable to contract for a temporary personnel manager service, so that there will be no vacuum of responsibilities and the long-term accumulation of work can be avoided in the organization.

A temporary HR manager can bring in competence, experience, and best practices into the company, which may be out of reach for smaller organizations on a longer-term or full-time basis.

A pair of fresh eyes and breath of industry expertise can yield positively surprising outcomes, whereby the outsourced professional may bring up topics that the company has not been aware of or not able to pay attention to.
A temporary HR manager will be also able to make sure that the company's daily routines stay operational, in case recruitment of the permanent staff will take longer than expected.

HR mentoring services

A smaller company might benefit of engaging a temporary external HR expert to act as a mentor and consultant to the existing HR manager or HR specialist. It’s an excellent opportunity to bring in temporary expertise, thereby offering support to a person just starting in the HR manager role or during launching major one-off projects.

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