Insights

Grant Thornton Baltic saade Kasvukursil Äripäeva raadios

People and culture The workforce crisis not relenting: now is the time to recruit for tomorrow

Finding competent top-level specialists is getting harder, forcing companies to adapt on the employee-centred labour market and recruit already today for tomorrow, stated the Äripäev (daily business newspaper) produced radio programme “Kasvukursil”.

17 Feb 2020

Assurance Stock-taking helps prevent and detect fraud

A stock-taking or physical inventory performed in a quality manner gives the heads of all units in a company assurance that financial statements and databases present a true and fair view of assets and inventories in stock. Periodic stock-taking is also quite effective for preventing fraud.

Meelika Mülla

| 28 Oct 2019

Strategy Time to set goals and compile a budget

Although planning and goal-setting takes place both in the long term and monthly (or at least quarterly) basis, the question becomes an urgent one for management at a time when the next year’s goals and action plans have to be drawn up. Budgeting is very closely connected to strategic planning. Through this manner, accountants and financial analysts have a direct role in the organisation’s development.

Tarmo Rahkama

| 28 Oct 2019

Assurance Some guidelines for stock-taking

Stock-taking quality depends on preparation for and performing of the physical inventory. In the following, I will provide an overview of what to devote attention to while performing it.

Meelika Mülla

| 14 Oct 2019

Business Risk Services How much does internal audit cost?

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?

10 Jun 2019

Growing together A very successful year for Grant Thornton

The last financial year was the best in the last six years for Grant Thornton: turnover for our company operating in more than 130 countries grew by nearly 10%, reaching 5.45 billion dollars. We have 52,686 employees, and their numbers were up 6.3%.

18 Feb 2019

E-commerce Untapped opportunities for Estonian online sellers

Goods and services are purchased constantly online in Estonia, yet our online retailers have untapped potential – we are lagging a bit behind the European Union average in cross-border online retail. It is worth putting more effort into sales of electronic goods and services to consumers in other member states, especially given that the European Commission has and will continue to simplify cross-border e-commerce, including changes in the tax system.

Kristjan Järve

| 11 Feb 2019

Payroll service 8 reasons to outsource payroll

Below we list eight main reasons why companies prefer outsourcing payroll operations instead of a dedicated in-house department.

10 Jan 2019

People and culture A formula for alleviating workforce problems

How to hold on to good employees? For starters, understand that employees may consider leaving, competitors try to outbid you for them, and employees have their own personal career goals.

05 Nov 2018

Innovation Innovation and how to manage it

Food synthesizers, halo environments and a number of other exciting gadgets seen on TV seem like an unattainable dream a Star Trek fan might have come up with. But for how long?

17 Sep 2018

Business

Entrepreneurs believe the hard times are past and increasing turnover and profit will also lead many countries’ economic growth to faster recovery. A survey conducted by tax and business advisory firm Grant Thornton among business people in 36 countries found that business optimism is at a two-year high.

20 Apr 2018

GDPR Why is it good to map data and create a data inventory

According to the GDPR people have right to query data processors about the data they hold about them. People have right to ask what data a processor holds about them, for what purpose and what is done to the data. They also have a right to rectify and erase data. Data processor is obliged to reply within 30 days of the request being made to comply with the regulation.

21 Mar 2018