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3 suggestions on how to return to normal working life
Human resource mnagement 3 suggestions on how to return to normal working life
It has been a year and a few months since the coronavirus turned a new page in world history and exploded all comfort zones. Since that time, Estonia has beaten back two waves of the virus, and like last spring, we are now facing a calmer period. But this brings up new questions – how to return little by little to ordinary working life and juggle the needs of companies and employees while taking into account the way work will be organized in future.
Marge Litvinova
Marge Litvinova
| 7 min read | 10 Jun 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Tax European tax reform brings savings to companies
Companies that sell physical goods to European countries all too often have to grapple with the destination country’s complicated VAT system, but in summer 2021, the situation will become simpler and the administrative expenses related to declaration of taxes will decrease.
Kristjan Järve
Kristjan Järve
| 4 min read | 09 Jun 2021
Key business questions facing technology companies in 2021
Technology sector Key business questions facing technology companies in 2021
The sudden surge in remote working, online shopping, digital health and virtual learning boosted demand for business technology and communications solutions. At first glance, the future of technology companies may seem cloudless, but in fact, many of them predict that customer orders will decrease in the future. Find out, what challenges the technology sector is facing in the near future:
Less than a minute | 28 Apr 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Intelligent automation Easy tips for turning data into a goldmine
Store data correctly and securely, and more importantly, use the data the same way, and you might well find that the benefits easily exceed any direct monetary gains. An expert explains how to make maximum use of data for turning a profit.
4 min read | 15 Apr 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
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
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
What is the difference between a good and a mediocre financial manager?
Advisory What is the difference between a good and a mediocre financial manager?
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, spoke about what distinguishes a good financial manager from a mediocre one on the Äripäev Radio programme ‘Kasvukursil’.
10 Feb 2021
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
Internal auditor: in-house or service provider?
Business risk services Internal auditor: in-house or service provider?
For many companies and institutions, internal audit is a legal obligation that cannot be waived even in difficult economic times. Therefore, the question inevitably arises as to how this obligation is most favorable and reasonable based on the needs of the company - hire your own internal auditor or outsource? Read the article! Grant Thornton Baltic's business risk services adviser Riin Veidenberg will help you with the decision.
15 Jun 2020
Business plan as the backbone of the company
Business advisory Business plan as the backbone of the company
There are different reasons for drawing up a business plan and the target groups can vary as well. Detailed business plans are compiled when starting a business or expanding it, entering the market with new services or products and raising capital from investors or lenders to execute your strategies. Grant Thornton Baltic financial advisers Mikk Mägi and Raili Ilves write about the importance of business plan and what are the key points in the plan.
22 May 2020
Kai Paalberg Grant Thornton Baltic
Crisis management How to use a crisis situation to improve risk management?
In a crisis, companies need to be able to respond quickly to change and to meet the needs of their employees, customers and partners, while managing the company's financial and operational challenges. Grant Thornton Baltic's Chief Internal Auditor Kai Paalberg names 5 top priorities that all companies should concentrate on when dealing with the crisis management.
Kai Paalberg
Kai Paalberg
| 07 May 2020
Entrepreneur's plan B: re-establishing business through reorganization
Crisis management Entrepreneur's plan B: re-establishing business through reorganization
Reorganization is being used to help a company that has temporarily become insolvent, for example due to the current pandemic and crisis. It is important to emphasize that a company can be reorganized if the business model is sustainable, and the difficulties are temporary. Grant Thornton Baltic partner Artur Suits opens the subject further in his interview.
05 May 2020
Managing your company liquidity and cash flow during a crisis
Crisis management Managing your company liquidity and cash flow during a crisis
The COVID-19 pandemic is placing companies and their management teams in a challenging situation due to the lockdowns and state of emergency established around the world. One of the most critical areas is managing the companies’ cash flows and decisions to maintain liquidity. Mikk Mägi, head of financial advisory in Grant Thornton Baltic, gives advice what should be a priority for the companies during the crisis.
29 Mar 2020
Estonian entrepreneurs are passing the torch to a new generation
Generational change Estonian entrepreneurs are passing the torch to a new generation
Do companies take time out from everyday business operations for brainstorming on topics related to the company’s development and strategy, and if they do, how frequently?
12 Mar 2020
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