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    Services
    • Audit and other assurance services
    • Corporate accounting and outsourcing
    • Payroll
    • Legal advisory
    • Business advisory
    • Financial advisory
    • Tax
    • Mergers and acquisitions
    • Human resources and recruitment services
    • Business risk services and internal audit
    • Sustainability services
    • Digital services
    • Starting business in Estonia?
    Audit and other assurance services
    Audit control is an integral part of each company’s control procedures required for gaining the trust of clients and partners as well as managing the company.
    • Other audit services
      We consult clients in the questions related to the application and use of foreign financial aid of EU and other funds, as well as preparation of related financial reports.
    • Audit calculator
      Audit calculator
    Corporate accounting and outsourcing
    We offer professional and comprehensive accounting services with the support of our tax, financial and legal advisory department, offices in the three Baltic...
    • Payroll and related services
      We perform payroll accounting for companies whether they employ a few or hundreds of employees. We do not offer one-size-fits-all packages, but always proceed from the wishes and needs of each individual company.
    • Tax accounting
      Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions. It is certain that all declarations will be submitted on time.
    • Reporting
      We prepare annual reports in a timely manner. We assist in the development and preparation of management reports and the submission of various mandatory reports.
    • Consolidation of financial statements
      Our long-standing accountants and advisors help you prepare consolidation tables and make the consolidation process more efficient.
    • Consultancy and temporary staff
      Our experienced specialists advise on more complex / extraordinary accounting transactions, rectify poor historic accounting and offer the temporary replacement of an accountant / CFO.
    • CFO services
      Our CFO services are a good choice for companies where creating a separate CFO position would not be economically feasible, but professional financial leadership is still needed at certain times.
    • Assessment of accounting processes
      We help companies to implement accounting practices that are in compliance with local and international standards.
    • Accounting services for small businesses
      We offer affordable service for small businesses. We help organize processes as smartly and cost-effectively as possible so that the business owner and team can focus on the company's core business.
    • Cryptocurrency accounting
      We are well versed in blockchain technology and speak the same language as cryptographic companies. We serve and advise cryptocurrencies, because as our customers develop, so do we, adapting our knowledge and technological solutions to the rapidly evolving business world around us.
    • Trainings and seminars
      Our accountants have experience in all matters related to accounting and reporting. We offer our clients professional training according to their needs.
    Related insights:
    Our news We were recognized for long-term cooperation
    Less than a minute | 10 Jan 2023
    In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.
    Payroll
    We perform payroll accounting for companies whether they employ a few or hundreds of employees. We do not offer one-size-fits-all packages, but always proceed...
    Related insights:
    Our news We were recognized for long-term cooperation
    Less than a minute | 10 Jan 2023
    In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.
    Legal advisory
    Grant Thornton Baltic has long been a trusted legal adviser to public interest entities and privately held companies operating in different industries and...
    • Business advisory
      We offer comprehensive legal support for both start-ups and expanding companies, making sure that all legal steps are well thought out and comply with the principles of smart tax planning and financial management.
    • Fintech advisory
      The rapidly changing world and evolving technology are driving the development of new business models such as acting as a payment institution, a provider of virtual currency services and a financial institution. Grant Thornton Baltic provides support and advice to these companies.
    • Corporate advisory
      We provide high-quality consulting services in all legal, tax and financial matters that are necessary for better management, optimization or transformation of the company's legal or organizational structure.
    • Transaction advisory
      We provide opinions and draft agreements for various legal relations (including sales, lease, licence, loan and service agreements as well as contracts related to procedures under corporate law), and look beyond the narrow context of the transaction and identify any issues that may arise under applicable regulations.
    • Legal due diligence
      Grant Thornton Baltic advisors have notable experience in performing legal, tax and financial due diligence, thoroughly reviewing the client’s documentation and legal relations (or those specified by the client) and preparing a written report.
    • In-house lawyer service
      The service of Grant Thornton Baltic's in-house lawyer is intended for entrepreneurs who are looking for a reliable partner to solve the company's day-to-day legal issues.
    • The contact person service
      Grant Thornton Baltic offers a contact person service to Estonian companies with a board located abroad.
    • Training
      We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.
    Related insights:
    Transaction advisory We advised OÜ Rannu Seeme in the transaction of the exit of a shareholder
    1 min read | 21 Dec 2022
    Grant Thornton Baltic's transaction advisory team helped OÜ Rannu Seeme develop the conditions for the exit of the partner, including advising on the execution and formalization of the transaction.
    Business advisory
    Successful companies can adapt to changes; growing companies shape their own development.
    • Business model or strategy renewal
      In order to be successful, every company, regardless of the size of the organization, must have a clear strategy, ie know where the whole team is heading.
    • Marketing and brand strategy; creation and updating of the client management system
      The corona crisis has shaken the equilibrium model that has characterized the world economy, and those who can adapt their corporate strategy will survive.
    • Coaching and development support
      Good company culture draws in great people. Organisations with great culture know how to value and evolve their people.
    • Digital services
      We at Grant Thornton Digital support you every step of the way to deliver the innovations that really matter to your business.
    • Sales organisation development
      Our mission is to improve our customers' business results by choosing the right focuses and providing a clear and systematic path to a solution.
    • Business plan development
      A good business plan is a guide and management tool for an entrepreneur, a source of information for financial institutions and potential investors to make financial decisions.
    Financial advisory
    Failure to provide sufficient attention to corporate development and financial planning may trigger difficulties.
    • Due diligence
      Due diligence is a thorough analysis of the acquired company, within which business, financial, tax, legal and IT risks are analyzed.
    • Mergers and acquisitions
      We provide advice in all aspects of the transaction process.
    • Valuation services
      Grant Thornton Baltic has over 20 years of experience in determining the value of various asset groups with internationally accepted valuation methods.
    • Forensic expert services
      Grant Thornton Baltic employs three experienced nationally recognized forensic experts who have evaluated a large number of projects over the years.
    • Business plans and financial forecasts
      The lack of planning and control of cash resources is the reason often given for the failure of many businesses. However, good forecasting can help reduce the business risk.
    • Business Intelligence and financial management
      Analysing and making sense of numbers in financial reports enables a company’s management to identify new prospects of development and growth.
    • Reorganization
      Reorganization of a company means the application of various measures to overcome financial difficulties, restore liquidity, improve profitability and ensure sustainable management.
    • Restructuring and reorganisation
      We offer individual complete solutions for reorganizing the structure of companies.
    Tax
    With more than 20 years of experience, our team offers wide range of tax services in close cooperation with colleagues from the Grant Thornton network in the...
    • Corporate income tax
      We advise on all matters related to corporate taxation
    • Value-added-tax and other indirect taxes
      We have extensive knowledge in the field of value-added-tax, excise duties and customs, both on the national and international level.
    • International taxation
      Companies need clear strategies for tax efficient cross border business
    • Transfer pricing
      At Grant Thornton Baltic, our tax, legal and financial advisers assist you in all matters related to transfer pricing.
    • Taxation of transactions
      Awareness and planning of the tax consequences reduces the risks of the transaction
    • Taxation of employees in cross-border operations
      An employee of an Estonian company abroad and an employee of a foreign company in Estonia
    • Tax risk audit
      Tax risk audit helps to diagnose and limit the tax risks arising from non-compliance. It is an efficient tool for optimising tax liabilities, offering real opportunities to improve economic results.
    • Representation in communication with the Tax Board
      We prevent tax problems and ensure smooth communication with the Tax Board
    • Taxation of private individuals
      We also advise individuals on taxation of personal income. We advise both residents and non-residents, represent the client at the Tax and Customs Board, assist with restructuring and declaration of different types of assets.
    • Pan-Baltic tax system comparison
      Grant Thornton Baltic’s tax specialists Kristjan Järve, Mārtiņš Lubgans and Vykintas Valiulis have prepared a comparison of the tax systems of the Baltic countries, where the tax systems are divided into four subgroups: taxation of companies and individuals, VAT and other taxes.
    Human resources and recruitment services
    In a rapidly changing world, it is wise to focus on our core business, on what adds value to us and what we are experts at. This means that more and more...
    • Recruitment services – personnel search
      Our goal is manning company’s positions with competent and dedicated employees aligned with your values and helping to realize the business’s strategic objectives.
    • Recruitment support services
      Support services help to determine whether the candidates will meet the expectations of a hiring organization. The most used support services are candidate testing and evaluation.
    • Implementation of human resource management processes
      We are able to assume a full control of the processes related to human resource management or be a supportive advisory partner to the HR Manager during the launch of the necessary processes in the organization.
    • Analysis and Audit of HR management processes & practices
      During the audit, we map the state of the company's HR management processes and give an overview of how to assess the so-called health of the organization from the HR management point of view.
    • HR Documentation and Operating Model Advisory Services work
      We support companies in setting up HR documentation and operational processes with a necessary quality.
    • Employee Surveys
      We help to carry out goal-oriented and high-quality employee surveys. We analyse the results, make reports, and draw conclusions.
    • HR Management outsourcing
      We offer temporary HR manager service, for the time when the previous HR manager has left the company and the new one has not yet started, or it is not the right time to hire one.
    Related insights:
    HR management Sink or swim: well-organized HR work also gives a smaller company a competitive advantage.
    Airi Neemre
    Airi Neemre
    | 6 min read | 13 Jan 2023
    Employees are the greatest asset of any company, upon which competitive advantage is built - but they are also one of the largest cost factors. Every business leader should think about on whether we are doing all we can, to preserve this investment and whether we are making the most of our employees' potential.
    Business risk services and internal audit
    Grant Thornton Baltic's business risk services and internal audit department provides the internal audit and internal control services, mapping of business...
    • Internal audit
      We assist you in performing the internal audit function, performing internal audits and advisory work, evaluating governance, and conducting training.
    • Internal Audit in the Financial Services Sector
      We provide internal audit services to companies operating in the financial sector. We can support the creation of an internal audit function already when applying for a sectoral activity license.
    • Audit of projects
      We conduct audits of projects that have received European Union funds, state aid, foreign aid, or other grants.
    • Prevention of money laundering
      We help to prepare a money laundering risk assessment and efficient anti-money laundering procedures, conduct internal audits and training.
    • Risk assessment and risk management
      We advise you on conducting a risk assessment and setting up a risk management system.
    • Custom tasks
      At the request of the customer, we perform audits, inspections and analyzes with a specific purpose and scope.
    • External Quality Assessment of the Internal Audit Activity
      We conduct an external evaluation of the quality of the internal audit or provide independent assurance on the self-assessment.
    • Whistleblowing and reporting misconduct
      We can help build the whistleblowing system, from implementation, internal repairs and staff training to the creation of a reporting channel, case management and investigations.
    Sustainability services
    Secure the future of your business with Grant Thornton's expert advice and services: sustainability consulting, sustainability auditing, sustainable investment...
    • Sustainability advisory
      We help address specific issues related to the environment, social capital, employees, business model or management and good governance in the field of sustainability by providing services and training.
    • Sustainability audit
      Our auditors review and certify sustainability reports in accordance with international standards. This provides an opportunity to increase the credibility of your business, develop and improve reporting practices, and set an example of sustainability.
    • Sustainable finance
      We help investors to analyze the environmental issues, social responsibility, and good governance of a company of interest.
    • Sustainable tax
      Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.
    Digital services
    Grant Thornton Digital helps you develop and deploy smart digital solutions that lead your business into the future.
    • Digital strategy
      We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics. We take the lead as a customer and implementer of digital solutions, taking advantage of the Grant Thornton ecosystem.
    • Intelligent automation
      We aid you in determining your business’ needs and opportunities, as well as model the business processes accordingly to provide the best user experience and efficiency possible.
    • Business Intelligence
      Our team of experienced business analysts will help you get a grip on your data by mapping and structuring all the data available.
    • Cybersecurity
      A proactive cyber strategy delivers you peace of mind, allowing you to focus on realising your company’s growth potential.
    • Innovation as a Service
      On average 25% of corporate IT projects fail completely, while 50% require significant rework before they start providing actual value. We will help you select the best digital path and put it into action by leveraging our ecosystem, while making sure that everything goes as planned.
    Related insights:
    Case study We advised German company RAUMEDIC
    2 min read | 13 Jan 2022
    Grant Thornton Baltic OÜ advised German company RAUMEDIC AG on the acquisition of aktsiaselts A&G. RAUMEDIC AG is a leading developer and manufacturer of systems and components and a partner to medical and pharmaceutical industries. Core business of aktsiaselts A&G is production of medical supplies.
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    Showing 16 of 212 content results
    Stock-take Did the stock-take check out?
    Proper and smooth stock-taking is often seen as being the tedious duty of accountants, and a process that obstructs the company’s activities for a few hours or days. In reality, stock-taking does not just concern accountants and can be organised more effectively and reasonably by focusing on the most important things.
    6 min read | 22 Mar 2023
    Women in Business Women again in the spotlight. But let’s not stop at just women!
    Since 2003, the international network of business consultancies Grant Thornton has conducted an annual study to determine what percentage of seats on senior management is filled by women.
    4 min read | 08 Mar 2023
    Investment and fraud A golden age for fraud: red flags for potential investments
    In an era when new and profitable opportunities keep on presenting themselves for investing and many of these are not supervised by Financial Supervision Authority or other regulator, be on the lookout for specific red flags in order to prevent fraud.
    9 min read | 15 Feb 2023
    Client story For Estateguru, having an internal auditor is a sign of quality
    From 2017, Estateguru has expanded outside Estonia to offer real estate investment opportunities in the other Baltic states and elsewhere in Europe. With rapid growth taking place, it started to improve and change the company’s risk management system, which led to a need for an internal auditor.
    2 min read | 09 Feb 2023
    Client story ESTO: An outside set of eyes gives additional assurance
    Financial services are one of the most strictly regulated business areas. It is to be expected that every financial service provider must have an internal auditor, be it a paid staff member or outsourced service. ESTO Group, a credit provider founded in 2017 that expended to Latvia and Lithuania in 2021, went the outsourcing route and partnered with Grant Thornton Baltic for internal audit services.
    5 min read | 17 Jan 2023
    Client story Hüpoteeklaen AS: Internal auditors help keep companies trustworthy
    It’s said it takes years to build trust but just a moment to destroy it. The dictum should be taken especially seriously in the financial sector where big sums of money hang in the balance along with the trust of clients, partners and supervisory authorities.
    3 min read | 17 Jan 2023
    HR management Sink or swim: well-organized HR work also gives a smaller company a competitive advantage.
    Employees are the greatest asset of any company, upon which competitive advantage is built - but they are also one of the largest cost factors. Every business leader should think about on whether we are doing all we can, to preserve this investment and whether we are making the most of our employees' potential.
    6 min read | 13 Jan 2023
    Client story For the e-Governance Academy, an internal auditor is seen as a good colleague
    What do Mauritania, Kosovo, Moldova, Iraq, Kenya and Kyrgyzstan have in common? Answer: the e-Governance Academy has provided advisory services to them and tens of other countries in transition, helping local government institutions and NGOs efficiently develop electronic public services and make democratic processes better.
    5 min read | 13 Jan 2023
    Our people Grant Thornton Baltic's family of sworn auditors has expanded!
    Bert Haabu, our audit assistant manager, successfully passed the sworn auditor exam in December 2022 and became a sworn auditor. Congratulations, Bert!
    Less than a minute | 10 Jan 2023
    Our news We were recognized for long-term cooperation
    In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.
    Less than a minute | 10 Jan 2023
    Case Study Grant Thornton supports pharma company J. Molner’s IPO
    This November, the Nasdaq Tallinn exchange’s alternative market First North started trading of the shares of the only Baltic pharmaceutical company J. Molner. Grant Thornton Baltic auditors had an important role in laying the groundwork for J. Molner’s market debut.
    2 min read | 21 Dec 2022
    Our people Tartu musketeers – one for all and all for one
    Tartu is nicknamed the city of good ideas. In Grant Thornton Baltic’s office in Tartu city centre there are not only good ideas but good specialists, satisfied customers and high-quality services.
    Less than a minute | 21 Dec 2022
    Transaction advisory We advised OÜ Rannu Seeme in the transaction of the exit of a shareholder
    Grant Thornton Baltic's transaction advisory team helped OÜ Rannu Seeme develop the conditions for the exit of the partner, including advising on the execution and formalization of the transaction.
    1 min read | 21 Dec 2022
    Labor law Let the coconuts fall where they will. Remote work is now more precisely regulated
    With everything else that is happening in the world, the pandemic era is starting to fade from memory. But remote working is here to stay. That is borne out by the new Occupational Healthcare and Safety Act that entered into force on 19 November 2022, which lays down a more specific framework for employee and employer responsibilities in remote work arrangements.
    4 min read | 20 Dec 2022
    Financial management Chief accountants and CFOs: don’t forget an important task before Christmas!
    Companies’ credit agreements generally contain customer-specific conditions called covenants. December is the last chance to check whether the company is indeed in compliance with these covenants, especially considering how companies’ financial results have been impacted by the current ultra-rapid economic growth, rising prices and supply chain problems.
    3 min read | 20 Dec 2022
    Financial results Last season was crowned with success
    For Grant Thornton Baltic OÜ, the 2021/2022 season in Estonia was very successful - our turnover increased by 24% compared to the previous financial year. The impressive growth took us to the second place in the ranking of auditing companies compiled by business newspaper Äripäev.
    3 min read | 28 Nov 2022
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