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Piret Lemsalu: “We’ve never had internal auditors this good!”
Client story Piret Lemsalu: “We’ve never had internal auditors this good!”
It did not take long for Piret Lemsalu, CFO of AS Hoolekandeteenused, to realise that they had hit the jackpot with Grant Thornton Baltic, whom they chose as their internal audit service provider as a result of a procurement held in 2021.
3 min read | 23 Aug 2023
For Estateguru, having an internal auditor is a sign of quality
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
ESTO: An outside set of eyes gives additional assurance
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
Let the coconuts fall where they will. Remote work is now more precisely regulated
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.
Merli Kesküla
Merli Kesküla
| 4 min read | 20 Dec 2022
Last season was crowned with success
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
Taxation of employee share plans
Tax Taxation of employee share plans
If an employer gives an employee a share in the employer’s business or a company in the same group as the employer’s business at a discounted price or for free, this constitutes a fringe benefit.
Urzula Välb
Urzula Välb
| 2 min read | 28 Nov 2022
We advised a venture capital fund’s investment into the start-up Qualitista
Due diligence We advised a venture capital fund’s investment into the start-up Qualitista
In August 2022, Grant Thornton Baltic concluded a financial and tax due diligence for an Estonian start-up company Qualitista.
2 min read | 21 Nov 2022
Another start-up goes public, with an assist from Grant Thornton Baltic
Case study Another start-up goes public, with an assist from Grant Thornton Baltic
An Estonian health tech Robus Group AS will be holding its initial public offering on the Nasdaq First North alternative market in April. Grant Thornton Baltic made a contribution to Robus going public, conducting the audit of the company’s financial statements.
1 min read | 08 Apr 2022
Developments in Estonia on the global minimum tax front
Tax Developments in Estonia on the global minimum tax front
On 22 December 2021, the European Commission introduced a draft of a minimum tax directive designed to impose on large corporations an obligation to pay at least 15% income tax on profit. The establishment of a minimum tax limits tax competition between countries and is one of the international measures for preventing tax avoidance.
Urzula Välb
Urzula Välb
| 4 min read | 11 Mar 2022
COP26 provides a turning point for mid-market companies
Sustainability COP26 provides a turning point for mid-market companies
COP26’s goal was to deliver radical change to save our planet. In the long term, there are good reasons to be hopeful.
Less than a minute | 22 Feb 2022
Towards a sustainable business
Sustainability Towards a sustainable business
Sustainability is receiving increasing attention in both business plans and the speeches of politicians. Grant Thornton also focuses on sustainability issues in advising organizations and we are happy to share our experiences and thoughts with you.
Less than a minute | 22 Feb 2022
Key changes in tax legislation in the Baltics in 2022
Tax Key changes in tax legislation in the Baltics in 2022
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
1 min read | 20 Jan 2022
Tarmo Rahkama Grant Thornton Baltic
Meet your auditor A sworn auditor who seeks challenges and excitement at work and leisure
Conversing with Tarmo Rahkama, his desire for challenges and excitement quickly becomes plain. He talks passionately about his career as a sworn auditor, doing packaging audits and being a track and field (athletics) umpire. The conservation also swings to the subject of the best recent theatre productions and tennis.
7 min read | 19 Jan 2022
Know the rules for video surveillance
Data protection Know the rules for video surveillance
Video surveillance is used on streets, vehicles, shops, offices – pretty much everywhere. Whenever anyone leaves home – and as soon as they close the door behind them – they can wind up on someone else’s camera footage. Even when hiking in the woods, it’s possible to be captured by a wildlife camera.
7 min read | 19 Jan 2022
Jaana Sild Grant Thornton Baltic
Tax VAT reduction possible on bad debts from 2022
From 1 January 2022, the Estonian Value-added Tax Act will have a new section, 291, setting forth the conditions on the basis of which taxable persons can reduce their tax liability on bad debts. This is a long-awaited addition to Estonian tax law that has previously been discussed but has not gone beyond the draft legislation stage.
Jaana Sild Grant Thornton Baltic
Jaana Sild
| 3 min read | 17 Jan 2022
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Company management A properly formed supervisory board can be the key to the business take off
A wisely selected supervisory board – one that doesn’t do its work only at meetings but lays down clear strategic goals for management and itself and meters them constantly, while serving as a mentor for executives – can contribute greatly to achieving solid business results.
7 min read | 13 Jan 2022
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