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Gaily Kuusik
Accounting What are the prevailing winds on the accounting service market?
Gaily Kuusik, Grant Thornton Baltic's Head of Business Process Solutions, gives an overview of topics related to the accounting market.
Gaily Kuusik
Gaily Kuusik
| 6 min read | 13 Feb 2024
Kasvukursil audititurg Grant Thornton Baltic
Audit Business is growing, but no staff – auditors at an impasse due to rising prices
In the last year, the volume of assets and sales income of many companies have increased, but this has not necessarily resulted from the increase in the volume of operations, but from inflation. Therefore, these companies have exceeded the threshold of the auditing obligation, and due to the previous large volume of work, the auditors have also had to leave many clients at the door.
Mati Nõmmiste Grant Thornton Baltic juhtiv partner
Mati Nõmmiste
| 7 min read | 03 Jan 2024
Where oh where did all the auditors go?
Assurance Where oh where did all the auditors go?
There’s consensus among business people who are required to order an audit, review or other audit engagement: it is hard to find an auditor and the prices of audit services have risen significantly.
Mart Nõmper
Mart Nõmper
| 4 min read | 06 Dec 2023
Gaily Kuusik Grant Thornton Baltic 2023
Business Process Solutions Interest rates on loans granted to employees should be reviewed
Often people neglect to consider that the same key interest rate affects not only businesses' loan capability and finances but also taxation.
Gaily Kuusik
Gaily Kuusik
| 5 min read | 06 Dec 2023
Anastassia Volmerson Grant Thornton Baltic
Labour law The most important changes in labour law in 2024
From 01.01.2024, the Employment Contract Act will undergo several changes in the wording of the provisions, which are due to changes in the Family Act.
4 min read | 16 Nov 2023
Three threats the mid-market saw coming for 2023
International business Three threats the mid-market saw coming for 2023
According to a global survey International Business Report, mid-market businesses consider inflation, cyber-attacks, and economic slowdown to be the main business risks.
1 min read | 31 Oct 2023
Gaily Kuusik Grant Thornton Baltic 2023
Outsourcing What is happening in the accounting services market?
The wellbeing of accounting firms is primarily influenced by how well their clients are doing and how well they adapt to changes.
Gaily Kuusik
Gaily Kuusik
| 5 min read | 29 Aug 2023
We advised the majority shareholder of Baltika in evaluating the fair value of the share capital
Valuation services We advised the majority shareholder of Baltika in evaluating the fair value of the share capital
KJK BLTK Holding OÜ, the majority shareholder of Baltika, wished to carry out a valuation for the purpose of deciding whether to make a takeover offer to minority shareholders.
2 min read | 04 Aug 2023
Estonia is at the forefront of the world's crypto scene
Crypto Estonia is at the forefront of the world's crypto scene
Estonia has emerged as a global frontrunner in facilitating crypto asset services, offering a highly conducive environment for virtual asset service providers (VASPs) to thrive. With its forward-thinking legislation, favorable tax regime, streamlined licensing process, and vibrant fintech ecosystem, Estonia has positioned itself as a go-to destination for crypto-related businesses seeking a competitive edge.
4 min read | 14 Jun 2023
Joanna Käi Grant Thornton Baltic
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.
18 min read | 03 May 2023
man in the home office
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
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
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-related information exchange about sellers using digital platforms
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
Key elements of the proposed tax reform in Lithuania
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
Women again in the spotlight. But let’s not stop at just women!
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 Grant Thornton Baltic juhtiv partner
Mati Nõmmiste
| 4 min read | 08 Mar 2023
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
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
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