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Often accountants face the question: “What is and what isn’t a source document from the standpoint of accounting, and is a source document always necessary, for example at a one-man company?”

Enterprises conducting transactions with related parties, such as companies in the same group or persons related to the owners of the company, must take into consideration domestic and international transfer pricing rules. The idea of transfer pricing rules is to prevent related persons from agreeing to sell each other goods and services at lower or higher than market price, thereby also transferring profit and income tax base.

This year we have again reason to eat birthday cake: It Is the 15th anniversary of the opening of Grant Thornton Baltic’s Tartu office. But time has moved on and a new question has now come up, and that is, whether the existence of a physical office is important at all in the age of email and cloud services?

A local government has the obligation to organize internal audit activities. This can be done by outsourcing internal auditor services or by hiring an internal auditor. In the latter case, the requirements in laws and professional standards for internal auditors must be considered.

The calculation of tax-exempt income changed in 2018. To avoid the obligation to pay additional income tax on the basis of tax returns, more attention must be paid to which categories of income are counted toward taxable annual income. One taxable type of income is the parental benefit, which will be calculated under new principles starting 1 September of this year.

ISS Eesti AS is the largest facility management and technical maintenance services and second largest cleaning services’ company in Estonia, whose customers include retail chains, educational institutions and large office and production buildings. Grant Thornton Baltic advised investors on the acquisition of ISS Estonia's business.

Temporary employees are usually employed under fixed-term employment contracts, and it is important to note the differences compared to contracts with indefinite term.

In spring 2019 Grant Thornton Baltic provided advisory services to Lithuanian company EUGESTA Latvian unit EUGESTA un Partneri SIA for purchasing KAFO Eesti OÜ. KAFO Eesti OÜ imports and distributes coffee and coffee making equipment in Estonia.

Most business leaders dream of rapid growth and fast success. Often it is said there is only one limiting factor, one bottleneck, but in fact there are several. Rapid growth does not always mean rapid profits and ultimate success.

According to the Employment Contracts Act, there are two grounds for cancelling an employment contract: ordinary and extraordinary. The easiest option is agreement between the parties, but what are the other options? How to dismiss someone who drinks on the job? Read more from our legal manager Kristel Tiits's article.

Start-ups are playing an increasingly important role in the Estonian economy – about 550 start-ups are operating in Estonia, paying more than 3,700 people an average of around 2,200 euros a month in earnings, and employing hundreds of people outside Estonia.

Organisations and companies that are required by law to conduct an internal audit often ask: is it more economical to establish an internal position at the company or outsource internal audit service?

A situation where a company gives or guarantees a loan to a shareholder, partner or board member comes up all the time. Yet the Commercial Code does set out restrictions on granting loans. I will discuss some of the most likely problems and potential tax risks below.

The midsummer holidays of St. John’s Day and Victory Day are getting closer and it is the right time to look at working on public holidays. When do employees have the right to a shortened workday or a day off work? What are the exceptions? To prevent misunderstandings, employers should think about such situations early on.

When you read about the draft ePrivacy Regulation it may appear as though all it does is regulate the use of cookies and manage direct marketing; but the draft ePrivacy Regulation also proposes more regulation of over-the-top (OTT) communications provides, such as Skype or WhatsApp.

Despite one of the main goals of the EU General Data Protection Regulation (GDPR) being to harmonise data protection law across the EU, it does allow the individual member states to introduce broad derogations concerning national security, the prevention of crime and the enforcement of civil claims, when fundamental rights to data protection are guaranteed and derogations themselves are necessary and proportionate.