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From a VASP to a CASP: A comprehensive guide to MiCAR
Cryptoassets From a VASP to a CASP: A comprehensive guide to MiCAR
This article covers the key differences between MiCAR and MLTFPA, the fate of the old license, new taxonomies introduced in MiCAR, key regulatory requirements for CASPs, key regulatory requirements for issuing assets and possible redundant requirements of MLTFPA.
Joanna Käi
Joanna Käi
| 17 min read | 03 May 2023
The compensation system set forth in the Employment Contracts Act got overhauled
Labor law The compensation system set forth in the Employment Contracts Act got overhauled
The Employment Contracts Act provides for compensation for both employees and employers in a number of situations. In Supreme Court practice, the compensation has been viewed as indemnifying a loss, and as such, both parties have to prove that they incurred losses.
Merli Kesküla
Merli Kesküla
| 4 min read | 04 May 2023
Taxation of dividends 2023 and the 2025 tax reform
Tax Taxation of dividends 2023 and the 2025 tax reform
Spring is here, which means it’s the time that many companies reporting their financial results have made the decision to pay out dividends. This brings up a number of questions for management and financial teams. We try to answer the most frequently asked ones below.
Nadežda Mihhailitšenko
Kristjan Järve
| 6 min read | 24 Apr 2023
Client story
Business plans and financial forecasts We advised the management of Kilingi-Nõmme Economic Cooperative (Coop)
1 min read | 24 May 2023
Internal audit Erasmus+: we highly value the cooperation of the internal auditors
2 min read | 23 May 2023
Client story For Estateguru, having an internal auditor is a sign of quality
2 min read | 09 Feb 2023
Client story For the e-Governance Academy, an internal auditor is seen as a good colleague
5 min read | 13 Jan 2023
Business plans and financial forecasts We advised the management of Kilingi-Nõmme Economic Cooperative (Coop)
Grant Thornton Baltic's financial advisory team helped Kilingi-Nõmme Cooperative to prepare a financial model and forecast, which was the basis for the Net Present Value (NPV) scenario analysis.
1 min read | 24 May 2023
Internal audit Erasmus+: we highly value the cooperation of the internal auditors
For two consecutive years, Grant Thornton Baltic’s business risk and internal audit team served as the independent auditor of the programmes of the Estonian National Agency for the Erasmus+ and European Solidarity Corps.
2 min read | 23 May 2023
Internal audit What is an internal audit and its value to a company?
People first associate the word "audit" with balance sheets and income statements, in other words, a financial audit. It's much less common for them to think of an internal audit, the content and nature of which is completely different from a financial audit.
Kristina Mjasojedova
Kristina Mjasojedova
| 6 min read | 23 May 2023
Legal Amendment to the minimum share capital requirement in the Commercial Code: an apparent cause for cheer but practical concerns remain
On 1 February 2023, the new Commercial Register Act entered into force, ushering in significant changes to the Commercial Code and other laws regulating the activities of corporate entities. Among other things, the changes also concern the net asset requirement, related to one of the major changes – the removal of the requirement of minimum share capital for private limited companies.
Uljana Feldman
Uljana Feldman
| 5 min read | 22 May 2023
Financial advisory The ten commandments of cash flow management: how to keep a business viable in uncertain times?
In the past three years, the business environment has been significantly affected by COVID-19, Russia's invasion of Ukraine, high inflation, ever-rising interest rates, the energy crisis, as well as some instability in the world's banking sector in recent months.
Eve Lille
Erik Suits
| 10 min read | 22 May 2023
Business Risk Services Attention, beneficiaries of government grants or EU programmes!
Have you ever heard of the Certificate on Financial Statements, (CFS)? If your project received support from Horizon 2020 or Horizon Europe , you definitely have to be up to date with that.
Kai Paalberg
Kai Paalberg
| 4 min read | 22 May 2023
Mergers & acquisitions Selling a business in 7 steps
Disposal of a company, whether it's a private or public limited company, is not the same as selling a car on auto24.ee. The process of selling a company is much more complex and time-consuming.
Karin Küttis
Karin Küttis
| 8 min read | 19 May 2023
Labor law The compensation system set forth in the Employment Contracts Act got overhauled
The Employment Contracts Act provides for compensation for both employees and employers in a number of situations. In Supreme Court practice, the compensation has been viewed as indemnifying a loss, and as such, both parties have to prove that they incurred losses.
Merli Kesküla
Merli Kesküla
| 4 min read | 04 May 2023
Cryptoassets From a VASP to a CASP: A comprehensive guide to MiCAR
This article covers the key differences between MiCAR and MLTFPA, the fate of the old license, new taxonomies introduced in MiCAR, key regulatory requirements for CASPs, key regulatory requirements for issuing assets and possible redundant requirements of MLTFPA.
Joanna Käi
Joanna Käi
| 17 min read | 03 May 2023
Tax Taxation of dividends 2023 and the 2025 tax reform
Spring is here, which means it’s the time that many companies reporting their financial results have made the decision to pay out dividends. This brings up a number of questions for management and financial teams. We try to answer the most frequently asked ones below.
Nadežda Mihhailitšenko
Kristjan Järve
| 6 min read | 24 Apr 2023
Business Process Solutions Artificial intelligence shakes up the accounting sector: machines end up doing the easy work, while CFO skillsets are in high demand
The rapid development of artificial intelligence and the arrival of ChatGPT on the scene will not leave accountants on the street, but there will be an increasing need to get in-service training, re-train and think more like a CFO does.
Gaily Kuusik
Terje Liiv
| 5 min read | 11 Apr 2023
Tax Tax-related information exchange about sellers using digital platforms
From January 1st, 2023, chapter 24 of the Tax Information Exchange Act entered into force, according to which platform operators must provide information about the sellers and service providers using the platform and the income earned by them to the Tax and Customs Board.
Urzula Välb
Urzula Välb
| 3 min read | 10 Apr 2023
Taxes Key elements of the proposed tax reform in Lithuania
On March 20th, 2023, Ministry of Finance of Lithuania revealed proposals on tax reform, to be submitted to Parliament early May, to enter into force from the year 2024 (if adopted).
Less than a minute | 04 Apr 2023
Stock-take Did the stock-take check out?
Proper and smooth stock-taking is often seen as being the tedious duty of accountants, and a process that obstructs the company’s activities for a few hours or days. In reality, stock-taking does not just concern accountants and can be organised more effectively and reasonably by focusing on the most important things.
Bert Haabu
Bert Haabu
| 6 min read | 22 Mar 2023
Women in Business Women again in the spotlight. But let’s not stop at just women!
Since 2003, the international network of business consultancies Grant Thornton has conducted an annual study to determine what percentage of seats on senior management is filled by women.
Mati Nõmmiste
Mati Nõmmiste
| 4 min read | 08 Mar 2023
Investment and fraud A golden age for fraud: red flags for potential investments
In an era when new and profitable opportunities keep on presenting themselves for investing and many of these are not supervised by Financial Supervision Authority or other regulator, be on the lookout for specific red flags in order to prevent fraud.
Mart Nõmper
Mart Nõmper
| 9 min read | 15 Feb 2023