Read our insights, reports and more

The going concern assumption means that a company is able to continue its normal business operations and meet its obligations when they fall due. In practice, this is not merely a disclosure in the financial statements but an everyday risk-management question for management: does the company have a realistic plan, sufficient cash flow, and access to financing even if the economic environment deteriorates?

Grant Thornton's Women in Business 2026 report reveals that 91.9% of mid-market leaders say they personally consider a company's gender equality initiatives when applying for roles, with two-thirds calling it a priority.

Sport helps Terje maintain balance and clarity, while the ambition inherent in sport carries over into her professional challenges. “Sport has taught me a winner’s mindset,” she confirms.

On International Women’s Day, the spotlight at Grant Thornton Baltic is on our female colleagues. We asked three of our energetic coworkers – Terje Liiv, Marge Litvinova, and Belinda Borodin – how they manage to balance an intensive workday with their exciting hobbies and much more. Read on to discover how these proactive women juggle multiple roles with such dedication!

HR Manager Marge Litvinova believes that people should collect moments, not things, because that is what truly makes you rich. Marge herself is probably immensely rich, as a co-founder of the Estonian HR Society and a tireless driver of the community, she has experienced countless emotional and gratitude-filled moments.

Informed personnel administration reduces risks, automates processes and ensures compliance. More than payroll – a comprehensive management solution.

Belinda Borodin, who works as Head of Information Security, has a heart that belongs to sport. When the office door closes behind her at the end of the workday, you will soon find Belinda in the gym, where she coaches a sport that is still relatively uncommon in Estonia. However, her passion for the field suggests that its growth in recognition and popularity may not be far off.

Liis Aaviku shares her 15 years of experience at Grant Thornton Baltic and explains why an accounting service firm offers rapid development, diverse projects, and strong team support.

Last year, the international standards for small and medium-sized entities were updated. These standards also form the basis for Estonian accounting guidelines. Local rules will soon change as well. The most significant amendment relates to the accounting treatment of returned goods.

New unique artificial intelligence–based assistants are now available to everyone on the Grant Thornton Baltic Estonia website. These tools help accountants, CFOs, auditors and other interested parties navigate the field of accounting more effectively.

On 13 February, amendments to the Employment Contracts Act entered into force, opening the door to more flexible work organisation and providing employees and employers with an innovative opportunity to conclude flexible working time agreements.

From 16 February, the filing of 2025 income tax returns begins. As usual, a tax return must be filed if, during the year, you received income on which Estonian income tax was not withheld, or if you wish to claim tax reliefs.

When and how should the fair value of an investment property be measured? This article explains the requirements of RTJ 6, outlines the differences between the fair value and cost models, and highlights the most common valuation pitfalls. Practical guidance helps management ensure a market-based and reliable valuation.

When the payroll process exists only in one person’s head, it creates significant continuity, error and control risks. A documented and transparent process ensures security, efficiency and reduces dependency on individuals. In this article, we explain why mapping and documenting payroll processes is critically important.

As of 15 May 2024, a legislative amendment entered into force that allows employers to pay voluntary sickness benefits to employees under more favourable conditions than before. So far, this change has received relatively little attention, yet its implementation enables employers to make a significant contribution to employee well-being.

The year 2026 will bring several significant tax changes across the Baltic States, affecting both businesses and individuals. In this overview, Grant Thornton Baltic tax experts summarise the key tax developments in Estonia, Latvia and Lithuania – covering income tax, VAT, social taxes and excise duties, among others.