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New unique artificial intelligence–based assistants are now available to everyone on the Grant Thornton Baltic Estonia website. These tools help accountants, CFOs, auditors and other interested parties navigate the field of accounting more effectively.

On 13 February, amendments to the Employment Contracts Act entered into force, opening the door to more flexible work organisation and providing employees and employers with an innovative opportunity to conclude flexible working time agreements.

From 16 February, the filing of 2025 income tax returns begins. As usual, a tax return must be filed if, during the year, you received income on which Estonian income tax was not withheld, or if you wish to claim tax reliefs.

When and how should the fair value of an investment property be measured? This article explains the requirements of RTJ 6, outlines the differences between the fair value and cost models, and highlights the most common valuation pitfalls. Practical guidance helps management ensure a market-based and reliable valuation.

When the payroll process exists only in one person’s head, it creates significant continuity, error and control risks. A documented and transparent process ensures security, efficiency and reduces dependency on individuals. In this article, we explain why mapping and documenting payroll processes is critically important.

As of 15 May 2024, a legislative amendment entered into force that allows employers to pay voluntary sickness benefits to employees under more favourable conditions than before. So far, this change has received relatively little attention, yet its implementation enables employers to make a significant contribution to employee well-being.

The year 2026 will bring several significant tax changes across the Baltic States, affecting both businesses and individuals. In this overview, Grant Thornton Baltic tax experts summarise the key tax developments in Estonia, Latvia and Lithuania – covering income tax, VAT, social taxes and excise duties, among others.

Whether driven by growth, the need for digitalisation, new reporting requirements or the search for a reliable partner during times of change, Grant Thornton Baltic is a strong choice.

Implementing Alteryx was not about innovation for its own sake, but about addressing very specific needs: increasing efficiency, reducing manual work, and making recurring procedures more transparent and less prone to errors.

Clearly documented packaging accounting helps companies strike a balance where obligations are met in compliance with requirements, accounting remains auditable, and administrative costs are kept at an efficient level.

At the beginning of 2025, the International Accounting Standards Board (IASB) adopted an updated consolidated text of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The updated IFRS for SMEs therefore necessitates a review and update of the EFS and the RTJ guidelines.

Accounting is the heartbeat of every successful company. Grant Thornton Baltic Partner Gaily Kuusik explains why price alone shouldn’t guide your choice of accounting service — and how quality, expertise, security, and partnership create real business value.

Financial investments are becoming an increasingly important part of companies’ asset portfolios. Whether these include shares, bonds, fund units or derivatives, their correct accounting treatment is essential both for compliance with legislation and for ensuring reliable financial reporting.

Grant Thornton Baltic offers payroll process mapping, rule configuration, integration testing, parallel payroll testing and training to ensure payroll runs smoothly and correctly. Naturally, we also provide a full-service solution—from HR support to payslips.

By 2 February, Annexes I–III of INF 14 must be submitted to the Tax and Customs Board, reporting information on compensation for the use of a personal passenger car, training costs, and health promotion expenses.

Protecting company funds is not just an accounting or IT task – it is a direct responsibility of the management board