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Year-end essentials
Year-end essentials
Our Year-End Hub brings together expert insights and practical guidance to help accountants and CFOs prepare for year-end. The content covers key audit, tax, legal and accounting considerations to ensure a smooth closing process.
03 Dec 2025
Mart Nõmper
Assurance How to meet equity requirements established by law?
When closing a financial year, it can turn out that a company’s equity (net assets) does not meet the requirements set forth in legislation and so the equity must be brought into conformity with the law. Often auditors and lawyers receive queries about these topics, but their perspectives can sometimes vary.
Mart Nõmper
Mart Nõmper
| 5 min read | 03 Dec 2025
Year-end reminder: review your loan covenant compliance
Accounting Year-end reminder: review your loan covenant compliance
Year-end means preparing financial statements, but many businesses overlook one critical aspect: whether the covenants of long-term loans are compliant with the indicators agreed with the bank as at the balance sheet date.
Anni Vaiksaar
Martin Luik
| 4 min read | 03 Dec 2025
Chief accountants and CFOs: don’t forget an important task before Christmas!
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.
Mart Nõmper
Mart Nõmper
| 4 min read | 03 Dec 2025
Checklist for preparing the annual report
Accounting Checklist for preparing the annual report
To ensure that your annual report is completed smoothly and on time, we have compiled the key steps and recommendations — what to prepare, when to act and which information your accountant will need.
Meeli Tali-Aruväli
Triinu Randmäe
| 9 min read | 03 Dec 2025
Don’t lose your unused vacation days!
Outsourcing Don’t lose your unused vacation days!
As the end of the calendar year approaches, now is the perfect time to review employees’ remaining vacation balances. It’s important to remember that vacation days can only be used during the calendar year in which they are earned and the following calendar year.
Liis Aaviku
Liis Aaviku
| 3 min read | 02 Dec 2025
Calculating the Basic Exemption from 2026
Tax Calculating the Basic Exemption from 2026
The “tax hump” that has been in place for eight years will be abolished, and starting from 1 January 2026 a uniform basic tax exemption of €700 per month (€8,400 per year) will apply regardless of a person’s income level. For those of retirement age, a slightly higher exemption will continue to apply—€9,312 per year.
Urzula Välb
Urzula Välb
| 3 min read | 02 Dec 2025
In what cases is it worth choosing a financial year that is different from the calendar year?
Financial year In what cases is it worth choosing a financial year that is different from the calendar year?
According to the registrar's statistics, 95% of companies registered in Estonia have chosen a financial year that runs from 1 January to 31 December. However, a company’s fiscal year should reflect the cycle of the company’s operating activity and year-end procedures should be conducted at a time when volumes of activity are lowest.
Mart Nõmper
Mart Nõmper
| 4 min read | 27 Nov 2025
Oh no, it’s stocktaking time again!
Assurance Oh no, it’s stocktaking time again!
Stocktaking is far more than an accounting chore. When done thoughtfully, it becomes an effective tool for control, accuracy, and fraud prevention — and can be managed far more efficiently.
Meelika Mülla
Meelika Mülla
| 4 min read | 30 Oct 2025