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Information security Information security audit helps a company save money
In addition to the pandemic the 2020 is memorable as the year or record growth in cybercrime. According to the FBI the USA companies have reported a 400% growth in cyber-attacks and 68% more companies reported of fraud.
22 Jan 2021
Transfer pricing 2020 – three problems and three solutions
Tax Transfer pricing 2020 – three problems and three solutions
The restrictions established due to the COVID-19 pandemic have disrupted transfer pricing within international corporations. Even if the restrictions were to be eased, undertakings would face major uncertainty about risks and comparables for determining market value.
12 Jan 2021
IT-audit Grant Thornton Baltic
IT-audit IT audit – it may look like an expense, but in real life, it’s savings
Most companies view an IT audit as an expense, but experts say in reality, it helps companies to save money – especially if it’s conducted at the right time. An IT audit is a possibility to obtain an external view of the information system in current use.
12 Jan 2021
Marge Litvinova | 5 questions for the Head of People & Culture
Human resource management Marge Litvinova | 5 questions for the Head of People & Culture
To give people freedom and responsibility in their work, these values must be a part of organisational culture. The precondition is a working environment where failures and mistakes are allowed and instead of routine feedback there is also feedthrough, says Grant Thornton Baltic’s Head of People & Culture, Marge Litvinova, who shares her experiences and knowledge in more detail.
12 Jan 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Remote working Remote working leads the concept of employment injury to absurd
The employer has an obligation to ensure the safety of its employee, but in the conditions of a home office, a legal requirement may become absurd, it was stated on Äripäev raadio’s ,,Kasvukursil’’.
25 Nov 2020
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
E-commerce The ever-saturating sphere of e-commerce: how to stay alive and prosper?
The spread of the coronavirus has brought a leap in the adoption and utilisation of e-commerce, but when moving your business online, it is necessary to first consider taxes, marketing and the choice of business model.
25 Nov 2020
CRM-Grant Thornton Baltic
Digital services Comparison: best customer relationship management (CRM) software 2020
A CRM software provides a company with a comprehensive overview of its customer data and relationships, thus, supporting both sales and marketing. As a result, both the company's sales activities and internal efficiency improve. Grant Thornton Baltic's Digital Marketing Strategist Erik Suits has made a practical comparison of the most used CRM sustems. Find out more!
Erik Suits
Erik Suits
| 26 Oct 2020
Pillar II: In October, the ball is in the hands of pension collectors
Law amendment Pillar II: In October, the ball is in the hands of pension collectors
This summer, the state suspended its payments to the second pension pillar of working people. During October, however, people will be able to decide whether or not to continue paying 2% of their gross salary to the pension fund. Kaia Salu, Group Manager of Grant Thornton Baltic's Outsourcing department, opens the subject in her article.
26 Oct 2020
Kai Paalberg Grant Thornton Baltic
Money laundering Anyone involved in business may be involved in money laundering
Every entrepreneur, as well as an individual, can be involved in money laundering, even without knowing or realizing it themselves, according to Äripäev's radio program "Kasvukursil". Read about hot topics in money laundering.
12 Oct 2020
Superficiality in assessing consumer creditworthiness – unintentional mistake?
Risk management Superficiality in assessing consumer creditworthiness – unintentional mistake?
Experience has shown that not all creditors analyze the creditworthiness of consumers as they should, control activities sometimes remain superficial and therefore do not serve the purpose – ensuring that the borrower is able to repay the loan under the terms agreed. Merili Kiipus, Grant Thornton Baltic's Business Risk Analyst investigates further.
12 Oct 2020
Fraud and crisis banner image
Risk management Crisis – the perfect time for fraudsters?
In a crisis, the internal control system must remain a priority. In order not to find yourself fighting the consequences of corruption and fraud after a crisis situation, it is worth knowing what the company's so-called Three Lines of Defense are. Read more from the article by Tuulikki Uluots, Grant Thornton Baltic's adviser of business risk services.
15 Sep 2020
A race for digital business models
Innovation A race for digital business models
COVID-19 led to a crisis that has accelerated the changes that were actually taking place even before the so – called era of social distancing. Those with the automation and digital sales channel in the DNA of their business model are emerging stronger from the crisis than before. Among others, the race for the rest of the market is likely to begin. Read more about the topic in an article by Grant Thornton Baltic's Legal and Financial Manager Marko Rebane.
24 Aug 2020
Unemployed people can temporarily work, and their benefits increase
Labor law Unemployed people can temporarily work, and their benefits increase
Amendments to the Labour Market Services and Benefits Act (hereinafter LMSBA) and the Unemployment Insurance Act create the possibility of temporary employment, in other words, accepting temporary job offers during registered unemployment, plus unemployment allowance and unemployment insurance benefit increase. Grant Thornton Baltic's legal manager Kristel Tiits and legal adviser Lee Laanemäe explain the details in their article.
14 Aug 2020
A five-year leap in two months: remote work as a new norm
Remote work A five-year leap in two months: remote work as a new norm
Remote work due to the coronavirus in companies is becoming a new positive trend, which is difficult to reverse, but both companies and employees will benefit from adapting to it, according to Äripäev’s radio program “Kasvukursil”. Grant Thornton Baltic's HR manager Marge Litvinova, IT-manager Arko Kurg and Partner of digital services Vladimir Rüntü discuss the plusses and minuses and possibilites and threats of working in different places such as the office, home offive or office abroad.
07 Jul 2020
Collecting debts during the crisis
Legal Collecting debts during the crisis
Businesses in various sectors do not have a positive outlook for their turnover forecasts due to the corona crisis. As a result, they may have an extra incentive to take the uncomfortable journey and start collecting bad debt. It may often seem that the only effective way to satisfy claims is to take legal action, but before filing a statement of claim you should consider other and less costly options. Grant Thornton Baltic's legal adviser Edward Otsa opens the subject further.
29 Jun 2020
Prosecuting offenders will be easier and the penalties will be bigger in the future
Administrative fine Prosecuting offenders will be easier and the penalties will be bigger in the future
A new concept in Estonian legal system, administrative fine, was sent to coordination round to the relevant ministries by the Ministry of Justice. The new fine would enable a more effective response to violations of financial services, competition and data protection regulation in the future. Grant Thornton Baltic data protection officer Maili Torma and legal adviser Lee Laanemäe write about the potential changes awaiting us in the near future.
19 Jun 2020
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