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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
    • Services for crypto companies
    • 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.
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    • Other audit services
      We help clients with the application and use of foreign financial aid of EU and other funds and help prepare financial reports.
    • Audit calculator
      The calculator will answer if the company's sales revenue, assets or number of employees exceed the limit of an inspection or audit.
    Corporate accounting and outsourcing
    We offer full range of accounting and outsourcing services tailored to your needs.
    See Overview
    • Payroll and related services
      We perform payroll accounting for companies whether they employ a few or hundreds of employees.
    • Tax accounting
      Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
    • Reporting
      We prepare annual reports in a timely manner. We help to prepare management reports and various mandatory reports.
    • Consolidation of financial statements
      Our experienced 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 accounting transactions, rectify poor historic accounting, and offer the temporary replacement of an accountant.
    • Outsourced CFO service
      Our CFO service is suitable for companies of all sizes and in all industries. We offer services to our clients in the required amount and competences.
    • 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.
    • Cryptocurrency accounting
      We keep up with blockchain technology to serve and advise crypto companies. We are supported by a network of colleagues in 130 countries.
    • 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:
    Outsourcing What is happening in the accounting services market?
    Gaily Kuusik
    Gaily Kuusik
    | 5 min read | 29 Aug 2023
    The wellbeing of accounting firms is primarily influenced by how well their clients are doing and how well they adapt to changes.
    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...
    See Overview
    Legal advisory
    We provide entrepreneurs with comprehensive legal advice to contribute to their economic success.
    See Overview
    • Business advisory
      We offer legal support to both start-ups and expanding companies, making sure that all legal steps are well thought out in detail.
    • Fintech advisory
      Our specialists advise payment institutions, virtual currency service providers and financial institutions.
    • Corporate advisory
      We advise on legal, tax and financial matters necessary for better management of the company's legal or organizational structure.
    • Transaction advisory
      We provide advice in all aspects of the transaction process.
    • Legal due diligence
      We thoroughly analyze the internal documents, legal relations, and business compliance of the company to be merged or acquired.
    • In-house lawyer service
      The service 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
      We offer 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:
    Mergers & Acquisitions We advised the management of Kiwa
    1 min read | 20 Sep 2023
    Grant Thornton Baltic's consulting team advised the management of Inspecta Estonia OÜ on the acquisition of Metrex Mõõtekeskus OÜ.
    Business advisory
    Whether your company is just starting out, growing rapidly or in a stable stage of life - you need expert advice from time to time to make the right decisions.
    See Overview
    • 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
      We support you in updating your marketing and brand strategy and customer management system, so that you can adapt in this time of rapid changes.
    • Coaching and development support
      A good organizational culture is like a trump card for a company. We guide you how to collect trump cards!
    • Digital services
      Today, the question is not whether to digitize, but how to do it. We help you develop and implement smart digital solutions.
    • 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.
    See Overview
    • Due diligence
      We perform due diligence so that investors can get a thorough overview of the company before the planned purchase transaction.
    • Mergers and acquisitions
      We provide advice in all aspects of the transaction process.
    • Valuation services
      We estimate the company's market value, asset value and other asset groups based on internationally accepted methodology.
    • Forensic expert services
      Our experienced, nationally recognized forensic experts provide assessments in the economic and financial field.
    • 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. We help you prepare proper forecasts to reduce business risks.
    • Outsourced CFO service
      Our CFO service is suitable for companies of all sizes and in all industries. We offer services to our clients in the required amount and competences.
    • Reorganization
      Our experienced reorganizers offer ways to overcome the company's economic difficulties and restore liquidity in order to manage sustainably in the future.
    • Restructuring and reorganisation
      We offer individual complete solutions for reorganizing the structure of companies.
    Tax
    With more than 25 years of experience, our team offers wide range of tax services in close cooperation with colleagues from the Grant Thornton network.
    See Overview
    • Corporate taxation
      We advise on all matters related to corporate taxation.
    • Value added tax and other indirect taxes
      We have extensive knowledge in the field of VAT, excise duties and customs, both on the national and international level.
    • International taxation
      We advise on foreign tax systems and international tax regulations, including the requirements of cross-border reporting.
    • Transfer pricing
      We help plan and document all aspects of a company's transfer pricing strategy.
    • Taxation of transactions
      We plan the tax consequences of a company's acquisition, transfer, refinancing, restructuring, and listing of bonds or shares.
    • Taxation of employees in cross-border operations
      An employee of an Estonian company abroad and an employee of a foreign company in Estonia - we advise on tax rules.
    • Tax risk audit
      We perform a risk audit that helps diagnose and limit tax risks and optimize tax obligations.
    • Representing the client in Tax Board
      We prevent tax problems and ensure smooth communication with the Tax and Customs Board.
    • Taxation of private individuals
      We advise individuals on personal income taxation issues and, represent the client in communication with the Tax and Customs Board.
    • Pan-Baltic tax system comparison
      Our tax specialists have prepared a comparison of the tax systems of the Baltic countries regarding the taxation of companies and individuals.
    Mergers and acquisitions
    Should you wish to buy out a competitor to boost your business, or, rather, to dispose of your company, the advisers of Grant Thornton Baltic will provide you...
    See Overview
    Human resources and recruitment services
    We offer to outsource the HR services in the exact amount and precisely in the section of work that you need.
    See Overview
    • Recruitment services – personnel search
      We help fill positions in your company with competent and dedicated employees who help realize the company's strategic goals.
    • Recruitment support services
      Support services help to determine whether the candidates match the company's expectations. The most used support services are candidate testing and evaluation.
    • Implementation of human resource management processes
      We either assume a full control of the launch of processes related to HR management, or we are a supportive advisory partner for the HR manager.
    • Audit of HR management processes
      We map the HR management processes and provide an overview of how to assess the health of the organization from the HR management perspective.
    • 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 both temporary and permanent/long-term HR manager services to companies.
    Related insights:
    HR management Sink or swim: well-organized HR work also gives a smaller company a competitive advantage.
    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
    Our experienced specialists help your organization to regularly assess risks that threaten the fulfillment of goals.
    See Overview
    • 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 financial sector companies. 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 client, 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 and case management.
    Services for crypto companies
    As one of the few advisory companies in Estonia, we are competent to offer virtual currency service providers (VASP) support services, such as accounting, tax...
    See Overview
    Sustainability services
    We advise companies who, in conducting responsible business, consider in addition to profit, the impact of their activities on the surrounding world.
    See Overview
    • Sustainability advisory
      We help solve issues related to the environment, social capital, employees, business model and good management practices.
    • Sustainability audit
      Our auditors review and certify sustainability reports in accordance with international standards.
    • Sustainable finance
      We help investors to analyze the environmental issues, social responsibility and good management practices of the 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.
    See Overview
    • Digital strategy
      We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics.
    • Intelligent automation
      We aid you in determining your business’ needs and opportunities, as well as model the business processes to provide the best user experience and efficiency.
    • 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, one in four projects fails and one in two needs changes. We help manage the innovation of your company's digital solutions!
    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.
    Starting business in Estonia?
    We know that global expansion is the natural evolution for a thriving business. Whether you’re expanding into new markets, entering Estonia or maximising the...
    See Overview
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    Showing 16 of 52 content results
    Outsourcing What is happening in the accounting services market?
    The wellbeing of accounting firms is primarily influenced by how well their clients are doing and how well they adapt to changes.
    Gaily Kuusik
    Gaily Kuusik
    | 5 min read | 29 Aug 2023
    Business Process Solutions Artificial intelligence shakes up the accounting sector: machines end up doing the easy work, while CFO skillsets are in high demand
    The rapid development of artificial intelligence and the arrival of ChatGPT on the scene will not leave accountants on the street, but there will be an increasing need to get in-service training, re-train and think more like a CFO does.
    Gaily Kuusik
    Terje Liiv
    | 5 min read | 11 Apr 2023
    HR and recruitment services The formula for successful recruitment: salary alone isn’t tempting enough
    Although salary isn’t unimportant if you want to attract talent, you need to offer opportunities for growth and think through the details of the recruitment process, using the services of an external expert if need be.
    Kätlin Treima
    Kätlin Treima
    | 5 min read | 21 Dec 2022
    Grant Thornton Baltic | 30 Years Three decades on a path of growth
    Our company celebrates its 30th anniversary in 2022. To store all the important milestones and great events and assure that our story would not be forgotten, we have published the book "Three decades on a path of growth. The story of Grant Thornton Baltic".
    Less than a minute | 10 Nov 2022
    Case study Grant Thornton Baltic supports accounting client in becoming publicly listed
    In May, the latest Estonian company will become listed on Nasdaq First North, the alternative list of the Tallinn Stock Exchange – the digital product sale platform Punktid Technologies AS.
    2 min read | 26 Apr 2022
    Case study Good work gets deserved recognition
    The auditors of Grant Thornton Baltic audited the 2020 IFRS annual report of the public interest entity UPP Olaines OÜ consolidation group.
    1 min read | 26 Jan 2022
    Global economy Keeping hand on the global business pulse
    After leaping back strongly from the darkest days of the pandemic, the global mid-market could only manage a small additional step forward in the second half of 2021, as tracked by the Global business pulse, Grant Thornton’s index of health among mid-sized companies. At 1.2, the index score is now within sight of pre-COVID health levels (3.4), but there is still some way to go for a full recovery.
    1 min read | 26 Jan 2022
    Case study We advised international insurance broker Howden on entering the Estonian market
    Grant Thornton Baltic advised Howden Finland Oy, the market leader in Finland and part of the international group Howden Broking, on the acquisition.
    2 min read | 20 Dec 2021
    Data protection Turning a blind eye to data protection can end up costing millions
    Having data protection affairs in order at a company ensures reliable and trustworthy relations with businesspartners and a stronger position at the negotiating table. On the other hand, problems can mean fines running into the millions of euros even long after the issues are resolved.
    4 min read | 22 Sep 2021
    Sustainability Tips for maximizing the longevity of a family business
    Something that family businesses should consider besides earning a profit is maintaining mutual relations between family members and devoting attention early on to questions of succession if the business is to stay in the family.
    4 min read | 09 Jul 2021
    Automotive industry What future awaits the Automotive Industry?
    The Automotive Industry is one of the sectors in which very large investments are being made. Although the coronary pandemic has caused serious disruption to car production, which accounts for the main share of the car industry, the sector as a whole is making significant progress in the coming years.
    Less than a minute | 11 Jun 2021
    Persona story Anastasia Borovaja: “Working to make sure both the team and customers are satisfied!”
    Grant Thornton partner and head of outsourcing Anastasia Borovaja has been working for more than 10 years to ensure that her day-to-day work offers an unforgettable customer experience and high-quality service while the company is also seen as an attractive employer.
    13 min read | 03 May 2021
    Financial advisory Analysis of the energy networks for the Government Office of Estonia
    Grant Thornton Baltic OÜ experts conducted an analysis of the energy networks belonging to public undertakings at the request of the Strategy Unit of the Government Office of Estonia and it was funded from measure no. 12.2 “Development of quality of policy-making” of priority axis no. 12 “Administrative Capacity” of the Cohesion Fund’s operational programme 2014-2020. The initiator and partner of the project is the Ministry of Economic Affairs and Communications.
    Artur Suits
    Artur Suits
    | 1 min read | 16 Mar 2021
    Financial advisory Why determine the value of assets at a company and how to choose the right method?
    After the year of the coronavirus, there is good reason to review the value of a company’s assets with particular care. Even more, because the value of some assets may instead have increased in these muddled times, as we heard on the Äripäev Radio programme ‘Kasvukursil’, on which Mart Nõmper, Sworn Auditor and Head of Audit and Assurance Services, and Mikk Mägi, Head of Financial Advisory at the pan-Baltic audit, outsourcing and advisory services provider Grant Thornton Baltic, discussed asset valuation.
    10 Feb 2021
    Advisory What is the difference between a good and a mediocre financial manager?
    Mart Nõmper, Sworn Auditor and Head of Audit and Assurance Services, and Mikk Mägi, Head of Financial Advisory at the pan-Baltic audit, outsourcing and advisory services provider Grant Thornton Baltic, spoke about what distinguishes a good financial manager from a mediocre one on the Äripäev Radio programme ‘Kasvukursil’.
    10 Feb 2021
    Human resource management Marge Litvinova | 5 questions for the Head of People & Culture
    To give people freedom and responsibility in their work, these values must be a part of organisational culture. The precondition is a working environment where failures and mistakes are allowed and instead of routine feedback there is also feedthrough, says Grant Thornton Baltic’s Head of People & Culture, Marge Litvinova, who shares her experiences and knowledge in more detail.
    12 Jan 2021
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