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Home offices have been the biggest game-changer in employment relationships
Labor law Home offices have been the biggest game-changer in employment relationships
The coronavirus crisis, which started a little more than a year ago, changed quite a few things in employment relationships. One of the most important changes has been the widespread use of working from home offices. Provided that the nature of the job had some degree of compatibility with the format, employees were allowed to work remotely by companies and organisations where this had not previously been the practice.
Kristel Tiits
Kristel Tiits
| 3 min read | 09 Apr 2021
The Estonian Auditors’ Association has made suggestions for development of the Commercial Register.
Assurance The Estonian Auditors’ Association has made suggestions for development of the Commercial Register.
The representatives of the board of the Auditors’ Association met Secretary General of the Ministry of Justice Tõnis Saar and Deputy Secretary General of the Ministry of Justice Viljar Peep in February on the topic of developing the Commercial Register and updating register data.
Mart Nõmper
Mart Nõmper
| 2 min read | 07 Apr 2021
Kai Paalberg Grant Thornton Baltic
Prevention of money laundering Survey: the risk of money laundering is recognized, but no action is taken
Grant Thornton Baltic conducted a survey among companies to find out how many of them are consciously and purposefully engaged in anti-money laundering. Look into the results and test your company!
Kai Paalberg
Kai Paalberg
| 6 min read | 07 Apr 2021
Aivar Kangust: entrepreneurs could be less hesitant to ask for advice
Interview Aivar Kangust: entrepreneurs could be less hesitant to ask for advice
Grant Thornton Baltic’s audit partner Aivar Kangust, who has been a sworn auditor for almost 30 years, points out that while indeed an audit probably wouldn’t benefit a small business very much, directors of small businesses should really be more inclined to ask for advice from auditors and business consultants – no one can possibly know everything, but it’s always good to talk to someone who does know.
8 min read | 07 Apr 2021
We advised Stell Eesti AS on the acquisition of Kyyrix OÜ
Financial advisory We advised Stell Eesti AS on the acquisition of Kyyrix OÜ
In January and February 2020, Grant Thornton Baltic conducted a financial and tax due diligence for the Kyyrix OÜ, which has almost 30 years of experience in providing professional cleaning services in Tartu.
2 min read | 26 Mar 2021
Analysis of the energy networks for the Government Office of Estonia
Financial advisory Analysis of the energy networks for the Government Office of Estonia
Grant Thornton Baltic OÜ experts conducted an analysis of the energy networks belonging to public undertakings at the request of the Strategy Unit of the Government Office of Estonia and it was funded from measure no. 12.2 “Development of quality of policy-making” of priority axis no. 12 “Administrative Capacity” of the Cohesion Fund’s operational programme 2014-2020. The initiator and partner of the project is the Ministry of Economic Affairs and Communications.
Artur Suits
Artur Suits
| 1 min read | 16 Mar 2021
Transfer pricing in case law: Finnish tax authority vs. A Oy
Transfer pricing Transfer pricing in case law: Finnish tax authority vs. A Oy
In the case of the Finnish tax authorities and A Oy, we can see how incompetent preparation of transfer pricing documentation can create a large administrative burden for the company. Although the case ended in A Oy's favor, they had to spend time and money to have the decision of the Finnish tax authorities to adjust the taxpayer's transfer prices and add additional income tax on the adjusted profits annulled.
08 Mar 2021
Women, men and equality
Women in Business Women, men and equality
The international business advisory network Grant Thornton has been conducting research on this topic for 17 years, and the results show that the number of female executives has gradually grown each year, but this year’s study revealed that only 31% of executives around the world are female.
Mati Nõmmiste Grant Thornton Baltic juhtiv partner
Mati Nõmmiste
| 4 min read | 08 Mar 2021
Global transfer pricing guide – new tool for international companies
Transfer prices Global transfer pricing guide – new tool for international companies
Grant Thornton has released a new guide to help international entrepreneurs navigate transfer pricing regulations in different countries and keep up with recent changes.
01 Mar 2021
Key changes in taxation of temporary agency work came into force
Tax Key changes in taxation of temporary agency work came into force
Based on the rules in force until the end of 2020, Estonia was entitled to tax wages of non-residents starting from day one if the entity making the payment was located in Estonia. If the payer was located abroad, , the right of taxation in Estonia arose only if the employee had been in Estonia for the purpose of employment for 183 days.
Urzula Välb
Urzula Välb
| 17 Feb 2021
Key changes in tax legislation in the Baltics in 2021
Tax Key changes in tax legislation in the Baltics in 2021
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
16 Feb 2021
Consolidation and Brexit
Consolidation Consolidation and Brexit
It will soon be time to prepare annual reports for the financial year 2020. Estonian companies with parent companies in the UK will have to take into account new rules.
16 Feb 2021
Annual reports – an unsung marketing method
Annual reports Annual reports – an unsung marketing method
An annual report can be a great calling card and the secret to doing business more successfully, even though Estonian business people aren’t all that active in submitting them. Last year was an exception: the deadline for submission of annual financial statements was postponed by several months and a larger number of the reports came in on time.
11 Feb 2021
Stockmarket Grant Thornton Baltic
Annual reports Listed companies get extension for complying with new requirement
Under a European Union directive, publicly listed companies must adopt the European Single Electronic Format, ESEF. But they will probably not have to file ESEF format annual reports for another year.
Mart Nõmper
Mart Nõmper
| 11 Feb 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Financial advisory Why determine the value of assets at a company and how to choose the right method?
After the year of the coronavirus, there is good reason to review the value of a company’s assets with particular care. Even more, because the value of some assets may instead have increased in these muddled times, as we heard on the Äripäev Radio programme ‘Kasvukursil’, on which Mart Nõmper, Sworn Auditor and Head of Audit and Assurance Services, and Mikk Mägi, Head of Financial Advisory at the pan-Baltic audit, outsourcing and advisory services provider Grant Thornton Baltic, discussed asset valuation.
10 Feb 2021
Who is a data protection officer?
Data protection and information security Who is a data protection officer?
In certain cases, companies have an obligation to appoint a data protection officer. This obligation applies both to companies that process data themselves and to companies that process data from other companies. The data protection officer must also be recruited or outsourced by public authorities.
03 Feb 2021
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