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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.
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Audit calculator
Audit calculator
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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.
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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.
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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.
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Consolidation of financial statements
Our long-standing accountants and advisors help you prepare consolidation tables and make the consolidation process more efficient.
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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.
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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.
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Assessment of accounting processes
We help companies to implement accounting practices that are in compliance with local and international standards.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The contact person service
Grant Thornton Baltic offers a contact person service to Estonian companies with a board located abroad.
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Training
We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.
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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.
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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.
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Coaching and development support
Good company culture draws in great people. Organisations with great culture know how to value and evolve their people.
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Digital services
We at Grant Thornton Digital support you every step of the way to deliver the innovations that really matter to your business.
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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.
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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.
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Due diligence
Due diligence is a thorough analysis of the acquired company, within which business, financial, tax, legal and IT risks are analyzed.
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Mergers and acquisitions
We provide advice in all aspects of the transaction process.
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Valuation services
Grant Thornton Baltic has over 20 years of experience in determining the value of various asset groups with internationally accepted valuation methods.
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Forensic expert services
Grant Thornton Baltic employs three experienced nationally recognized forensic experts who have evaluated a large number of projects over the years.
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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.
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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.
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Reorganization
Reorganization of a company means the application of various measures to overcome financial difficulties, restore liquidity, improve profitability and ensure sustainable management.
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Restructuring and reorganisation
We offer individual complete solutions for reorganizing the structure of companies.
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Corporate income tax
We advise on all matters related to corporate taxation
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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.
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International taxation
Companies need clear strategies for tax efficient cross border business
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Transfer pricing
At Grant Thornton Baltic, our tax, legal and financial advisers assist you in all matters related to transfer pricing.
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Taxation of transactions
Awareness and planning of the tax consequences reduces the risks of the transaction
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Taxation of employees in cross-border operations
An employee of an Estonian company abroad and an employee of a foreign company in Estonia
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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.
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Representation in communication with the Tax Board
We prevent tax problems and ensure smooth communication with the Tax Board
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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.
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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.
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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.
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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.
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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.
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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.
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HR Documentation and Operating Model Advisory Services work
We support companies in setting up HR documentation and operational processes with a necessary quality.
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Employee Surveys
We help to carry out goal-oriented and high-quality employee surveys. We analyse the results, make reports, and draw conclusions.
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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.
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Internal audit
We assist you in performing the internal audit function, performing internal audits and advisory work, evaluating governance, and conducting training.
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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.
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Audit of projects
We conduct audits of projects that have received European Union funds, state aid, foreign aid, or other grants.
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Prevention of money laundering
We help to prepare a money laundering risk assessment and efficient anti-money laundering procedures, conduct internal audits and training.
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Risk assessment and risk management
We advise you on conducting a risk assessment and setting up a risk management system.
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Custom tasks
At the request of the customer, we perform audits, inspections and analyzes with a specific purpose and scope.
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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.
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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.
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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.
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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.
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Sustainable finance
We help investors to analyze the environmental issues, social responsibility, and good governance of a company of interest.
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Sustainable tax
Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.
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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.
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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.
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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.
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Cybersecurity
A proactive cyber strategy delivers you peace of mind, allowing you to focus on realising your company’s growth potential.
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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.

In addition to posting flower sales records, serious topics also get attention on International Women’s Day: for example, how to involve more women in the management of organizations. The reason is simple – both now and in future, the core of sustainable business activity is a diverse staff.
Consequently, key positions should be filled not only by people from different genders but different ages and ethnicities. This will create a favourable environment for innovations, seeing situations from different angles, rapid response time and, in short, making of better decisions. Studies show that increasing diversity of the senior management and at other levels improves business performance.
One-third of top executives are women
International Women’s Day is an appropriate time to take a closer look at participation of women in senior management. Since 2003, the international network of business consultancies Grant Thornton has conducted an annual study [ 3532 kb ] to determine what percentage of seats on senior management is filled by women. It is nice to see that the statistics around the world keep on improving: in 2003, executives were 19% women according to the Grant Thornton study, but it had risen to nearly a third (32%) as of 2022.
Considering how much of a change the coronavirus pandemic meant for work arrangements at organizations, it will presumably promote even greater proportions of women in leading positions. The latest survey conducted by Grant Thornton showed that 34% of the executives at medium-sized companies who have embraced hybrid work are women, while the figure is 36% for companies who are completely flexible and allow employees themselves to choose how to work. At companies with a predominantly office-based work model, 29% of executives are women. The more flexible the work organization is, the more women we see in the management. For example, Grant Thornton forecasts that if companies continue promoting flexible methods of work and support female advancement on the career ladder, the executive management of medium-sized companies will be 34% female by 2025.
Furthermore, flexible work arrangements do not serve only women’s interests; they also allow streamlining planning of professional and private life for students, part-time workers and others for whom working 9-5 in the classical sense is unsuitable or not a good fit for their personality.
Quotas shouldn’t be the solution
The above is also a good example of how a diverse workforce at companies should not be forced, such as through quotas based on gender or other criteria. Promoting diversity always starts from the management and the desire to create the kind of organizational and work culture that does not limit people’s possibilities but broadens them.
So it’s important for employers to offer all growth opportunities: training, mentorship, the chance to put themselves to the test on assignments different than the ones they are used to doing every day. In this manner, people can discover new strengths and develop existing ones. It’s no wonder when people nearing retirement age with an attitude that their best days are behind them turn out to be a company’s best salespersons or a young specialist becomes the head of the whole business area. Grant Thornton Baltic’s more than hundred-strong staff is itself a good example: we have women and men serving as our heads of business areas, who got there by starting out in a specialist position. Half of our partners in fact started out the same way. We also promote horizontal career paths in our organization: for example, an accountant can move to the audit department to become an audit assistant or audit manager, but we also have the example of a sworn auditor who started working in the area in order to reduce their workload and responsibilities in a another position.
I am certain that diversity – people of different ages, genders and ethnicity are the foundation of a successful and sustainable organization. That in turn means that the duty of every organization leader is to forge an organisational culture where everyone has equal opportunity.
The International Business Report was conducted in 28 countries from October to December 2022. The sample consisted of medium-sized companies and more than 5,000 executives were interviewed.
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