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A successful audit takes more than accurate documents and meeting deadlines. Discover how effective collaboration between clients and auditors helps prevent misunderstandings, save time and deliver a high-quality audit.

What should the owner or manager of an Estonian company know about audits? How can you determine whether an audit is mandatory, and how should you prepare for an audit or review?

The future finance manager must be more than a numbers person. Mart Nõmper, partner and auditor at Grant Thornton Baltic, explains how AI, automation, growing regulation and economic uncertainty are changing financial management. The key challenges include data quality, internal controls, tax risks, process resilience and the ability to critically assess AI-generated decisions.

Which management estimates matter when preparing financial statements? Learn how to assess receivables, inventories, fixed assets, investment property and going concern.

IFRS 18, income statement, financial reporting, IAS 1, management-defined performance measures, MPM, KPI, comparative information, IFRS 18 implementation.

An annual audit is not merely a statutory obligation and an additional burden. It is also an opportunity to gain a clear picture of your company’s financial position and confidence that its processes are working as intended.

Returning from parental leave may mean lower pay than colleagues. When must the employer raise your salary?

The taxation of salaries paid to local employees of foreign embassies often raises questions in practice. In particular, it may be unclear why income tax is not withheld from the salary, why the salary is declared in Annex 1 to the TSD tax return using payment type 11, and why the employee must pay the income tax themselves.

Consumer credit and the regulatory framework governing it have been the subject of active debate for years. On the one hand, there are questions about whether the current requirements are too strict and restrict creditors’ activities. On the other, there are concerns about whether existing controls are sufficient to ensure responsible lending and protect consumers from excessive debt and payment difficulties.

From a taxation and accounting perspective, gift cards are not merely payment instruments. Their treatment depends both on the type of gift card and on whether the card is sold or given away free of charge. Therefore, now is a good time to revisit when and how gift cards should be taxed and how they should be properly recognised in accounting.

On 1 January 2026, amendments to Estonia’s Cybersecurity Act entered into force, transposing the NIS2 Directive into Estonian law. According to the Estonian Information System Authority (RIA), this increased the number of companies and institutions required to comply with cybersecurity obligations from around 3,500 to nearly 6,500.

The taxation of passenger cars in Estonia mainly depends on who owns the car, how it is used for business purposes, and whether private use is allowed. The Tax and Customs Board follows the principle that not only the actual use of the car matters, but also the possibility of private use.

The use of artificial intelligence has already been strategically implemented in many organisations. But even where it has not, everyone still has access to free AI tools. Whether it is ChatGPT, Claude, Gemini or another platform, these tools help people write texts, summarise information, organise ideas and perform analyses.

Almost every application employees submit to the labour dispute committee includes a claim for compensation for non-material damage, according to the committee chairs, as described by the Director General of the Labour Inspectorate.

Grant Thornton Baltic announced on 1 April that it has proposed considering the partial privatisation of the Estonian Information System Authority (RIA) and, in cooperation, creating a new information system, MinuKüTS. The aim is to help companies finally understand which cybersecurity and information security requirements actually apply to them and what obligations they must fulfil.

This AI assistant helps assess whether an employment contract complies with applicable labour law and identifies potential risk areas. It is suitable for anyone who wants to perform an initial review of an employment contract document (in PDF or Word), detect shortcomings, and reduce legal risks before using or signing the contract.