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How much does internal audit cost?
Business Risk Services How much does internal audit cost?
Organisations and companies that are required by law to conduct an internal audit often ask: is it more economical to establish an internal position at the company or outsource internal audit service?
10 Jun 2019
What happens if a company gives a loan to a board member or shareholder?
Commercial Code What happens if a company gives a loan to a board member or shareholder?
A situation where a company gives or guarantees a loan to a shareholder, partner or board member comes up all the time. Yet the Commercial Code does set out restrictions on granting loans. I will discuss some of the most likely problems and potential tax risks below.
06 Jun 2019
Working on public holidays must be paid at double the rate
Employment Contracts Act Working on public holidays must be paid at double the rate
The midsummer holidays of St. John’s Day and Victory Day are getting closer and it is the right time to look at working on public holidays. When do employees have the right to a shortened workday or a day off work? What are the exceptions? To prevent misunderstandings, employers should think about such situations early on.
Kristel Tiits
Kristel Tiits
| 04 Jun 2019
Secure your company’s best performing digital assets!
Cyber Security Secure your company’s best performing digital assets!
How to protect your company? Five most important recommendations for ensuring cyber security. The biggest targets of these new brand of bandits are companies that own and process large amounts of data and companies whose cybersecurity measures are lagging behind the times.
22 May 2019
Processing of personal data in employment relations
GDPR Processing of personal data in employment relations
A year has passed since the General Data Protection Regulation (GDPR) entered into force on 25 May 2018. The main purpose of the regulation is to give individuals more control over what data about them is processed. The GDPR also applies to employment relations where the employer processes personal data of employees.
Kristel Tiits
Kristel Tiits
| 22 May 2019
What if your accountant isn’t working a few cubicles away?
Company operations What if your accountant isn’t working a few cubicles away?
In the business world, success comes from focusing on your field and working your way to the top. But that takes time and dedication. So if you are just going into business or expanding, it is wise to think about what sorts of support services are worth outsourcing – what happens if your accountant or computer person is not sitting in the next room but works for an external service provider?
11 Apr 2019
Changes to Commercial Code make doing business easier
Changes to Commercial Code Changes to Commercial Code make doing business easier
On 1 January 2019, changes to the Commercial Code came into force, intended to resolve a few problems that have reared their heads in practice.
29 Jan 2019
Changes in employment register filings
Employment register Changes in employment register filings
2019 has brought several changes to the process of filings made to the employment register. Besides the data currently required, now the working time rate, job title and workplace address must generally be specified.
29 Jan 2019
It is time to submit the INF 14 parts I-III!
INF 14 It is time to submit the INF 14 parts I-III!
Form INF 14, which needs to be submitted to the Tax and Customs Board, consists of several parts with different submission terms, the first of which is on 1 February 2019.
29 Jan 2019
Occupational safety obligations of employer are getting a bit easier
Occupational Health and Safety Act Occupational safety obligations of employer are getting a bit easier
Amendments to the Occupational Health and Safety Act that came into force on 1 January 2019 will lead to a decrease in the administrative burden on employers.
Kristel Tiits
Kristel Tiits
| 29 Jan 2019
Payroll service Grant Thornton Baltic's payroll service received an international award
Grant Thornton Baltic is proud to be a local payroll partner of ADP in Baltic countries and been named as one of the winners for the 2018 Partner Excellence Award.
14 Jan 2019
8 reasons to outsource payroll
Payroll service 8 reasons to outsource payroll
Below we list eight main reasons why companies prefer outsourcing payroll operations instead of a dedicated in-house department.
10 Jan 2019
Estonian companies prefer outsourcing payroll
Payroll service Estonian companies prefer outsourcing payroll
More and more Estonian companies have ceased to perform their own payroll functions but rather outsource it to a service provider. The reason for this is the fact that payroll takes a lot of time and requires use of updated software and it also takes a knowledge of frequently changing laws.
11 Dec 2018
How to acquire a company so you won’t regret it later?
Mergers and aquisitions How to acquire a company so you won’t regret it later?
This year, a number of large-scale purchase and sale transactions have provided much fodder for discussion in the media – Nelja Energia, Luminor and Utilitas are three examples. The large transactions always stand out, but this year has seen many mid-sized and small company acquisitions as well.
10 Dec 2018
The overlooked side of employer branding
Employer branding The overlooked side of employer branding
Although employer branding is seen as mainly the domain of personnel and marketing people, it isn’t only their function. Managers have just as important a role here, because it is managers who can leave employees with a good experience of the organisation as employer. Or the opposite – a negative experience, because Estonia has many organisations that have a substandard managerial culture and instead of leading people, they’re busy managing money and processes.
10 Dec 2018
Is the workload for accountants rising again?
Amendments to the Taxation Act Is the workload for accountants rising again?
Next year, amendments to the Taxation Act are expected to enter into force. One of the amendments calls for more data to be added to the employment register, which will however increase the workload for accountants.
07 Sep 2018
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