Gaily Kuusik, head of Grant Thornton Baltic's business process solutions, gives an overview of the legislative amendments that have already come into effect or will soon come into effect.
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Legislative amendments affecting accounting and payroll in 2023, 2024 and 2025
Legislative amendments
Interest rates on loans granted to employees should be reviewed
Business Process Solutions
Often people neglect to consider that the same key interest rate affects not only businesses' loan capability and finances but also taxation.
What is happening in the accounting services market?
Outsourcing
The wellbeing of accounting firms is primarily influenced by how well their clients are doing and how well they adapt to changes.
Artificial intelligence shakes up the accounting sector: machines end up doing the easy work, while CFO skillsets are in high demand
Business Process Solutions
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.