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Every company must prepare and communicate the annual vacation schedule during the first quarter of the year. This is not just a formality – the purpose of the schedule is to ensure smooth work organisation and conscious, mutually considerate planning of employees’ vacation needs.

When closing a financial year, it can turn out that a company’s equity (net assets) does not meet the requirements set forth in legislation and so the equity must be brought into conformity with the law. Often auditors and lawyers receive queries about these topics, but their perspectives can sometimes vary.

Year-end means preparing financial statements, but many businesses overlook one critical aspect: whether the covenants of long-term loans are compliant with the indicators agreed with the bank as at the balance sheet date.

Companies’ credit agreements generally contain customer-specific conditions called covenants. December is the last chance to check whether the company is indeed in compliance with these covenants, especially considering how companies’ financial results have been impacted by the current ultra-rapid economic growth, rising prices and supply chain problems.

To ensure that your annual report is completed smoothly and on time, we have compiled the key steps and recommendations — what to prepare, when to act and which information your accountant will need.

As the end of the calendar year approaches, now is the perfect time to review employees’ remaining vacation balances. It’s important to remember that vacation days can only be used during the calendar year in which they are earned and the following calendar year.

According to the registrar's statistics, 95% of companies registered in Estonia have chosen a financial year that runs from 1 January to 31 December. However, a company’s fiscal year should reflect the cycle of the company’s operating activity and year-end procedures should be conducted at a time when volumes of activity are lowest.

The future of accounting: where machine precision meets human wisdom. Automation and AI are reshaping accounting faster than ever. Yet human insight, judgment, and creativity remain essential. Discover how the partnership between people and technology is defining the next era of finance.

Last year, the optical retail chain Pro Optika took a bold step by acquiring its competitor Pere Optika — a move that doubled both its store network and its team. With 50 stores now across Estonia, the company is entering a new growth phase and redefining what it means to be a modern family-run business.

Leadership isn’t born from titles — it’s grown through empathy, adaptability, and teamwork. Read Gaily Kuusik’s story of growth in modern outsourcing.

A retroactive tax residency change doesn’t require employers to recalculate salaries – it only affects the employee’s tax return.

For companies within the same group, it is common practice to organize joint events, whether they are entertainment-focused summer days or business-oriented seminars. However, it’s important to remember that such events may trigger a tax liability.

Why isn’t it legally correct to ask for a client’s signature when they pay for our services in cash? Is it allowed to ask the client to sign the cash receipt?

Employees today expect the same level of user experience from their employers as they get from everyday services — whether it’s ordering food via an app or checking their child’s school data in eKool.

In a smaller company, implementing new software can take three to four months, while in larger companies it can take a couple of years. Change management is exceptionally important for the transition to be successful

E-invoices are a useful tool for every accountant to avoid mistakes caused by human error, which waste time and money. There are also many other business advantages to "selling" e-invoicing to a manager or client.