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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.
Mati Nõmmiste has been the CEO of Grant Thornton Baltic since the very beginning. For decades, he contributed to developing the sphere as a member of the board of the Auditors’ Association and in 2015, President Toomas Hendrik Ilves bestowed on him the Order of the White Star. Last year, the Auditor’s Association thanked Mati for his outstanding work in developing the profession.
Over the years that he spent on the board of the Auditors’ Association, Mati managed to serve both as vice president and acting president, but he declined a run at the presidency because he felt he couldn’t devote himself to two jobs with full commitment. Mati decided to put his focus on his company's development and leadership. He has got on splendidly in that, since Grant Thornton is today one of the biggest companies in the sector in Estonia.
From a company called Rimess to a local success story
After graduating from secondary school in Tallinn, Mati went on to study economics at the University of Tartu where he graduated from the speciality of commercial accounting. He then had to serve in the Soviet army to become an officer, and he was stationed in Buryatia on the far side of Lake Baikal, where he was able to work in his speciality, as an accountant. “Although the accounting was as it was, subject to local standards. Not double-entry, but single, a very simplified version.”
After military service, he started working for the Estonian Consumer Cooperatives organization, then called ETKVL, later ETK and now Coop. It had an arm that handled the accounting for all of the production companies in the Estonian cooperative system. From ETKVL, Mati went on to be chief accountant at the Pioneer plant, but returned to ETKVL, since the accounting team at one of the companies, the agricultural plant Agro, with its 1000 workers, needed a leader.
The 1990s were tough times for the economy and the flower growing business in large greenhouses required major investments if the system was to function, so Mati pondered the idea to make a change to auditing. He and Eva Veinberg founded Rimess in March 1992. Rimess means a “payment voucher”. The company got off the ground in October of that year and by December they obtained certification as sworn auditors.
Mati’s goal from the outset was to join an international company, with efforts in this area starting in earnest in 1994. The whole conversation with Mati is sprinkled with reminiscences, which Mati is able to pinpoint to at least the nearest month. He recalls that a year after the company started preparing to go international, there was an international conference in Copenhagen in May 1995 where it was agreed that Rimess would become a correspondent member of Moores Rowland International. Today, we can say that Rimess is a local success story.
The same year, Mati became a member of the board of the Auditors’ Association, where he would serve for close to 25 years. He himself considers his most outstanding accomplishments to be the quick transition from local standards to international ones and the drafting of the first Estonian law in the field of auditing. “In the 1990s, there were big differences in audit philosophy between providers, but now the quality has risen to a consistently high level. The Auditors Activities Act of 2010 and the whole quality control system are also successes. I haven’t done anything by myself – they’re all collective exertions, we did it together,” he says.
“It’s pretty hard for me to say how big a success story,” said Mati, “but our success is surely a combination of planning, consistent activity, good colleagues, happy coincidence, and avoiding unfortunate cases. It is quite complicated to explain individually why some things work and others don’t.”
The future of Grant Thornton and auditors activities
Mati’s goal is for Grant Thornton to be among the best advisers in its field, which requires growth, development training, new colleagues and rewarding work for them. Mati is himself a valued lecturer, but lately he has been teaching less. “I do training because I like public presentation and teaching but I also do it out a sense of mission. If you don’t do it, you can’t really grumble if employees happen to make mistakes.”
Mati chuckles that he tends to like training in fields that aren’t completely unfamiliar to him, but in auditing, he doesn’t have a favourite field, since everything is fair game: “Given the small size of our market, we can’t be choosy, or we could find ourselves with no work.”
Regarding the future of the field, Mati says developments and cycles are all getting shorter compared to the 1980s and 1990s: “We currently see that what previously took place over five or ten years is happening now in two to five. Processes and developments are speeding up, new fields are coming into existence where our assistance and advice is needed. I don’t know how many people knew about crypto assets ten years ago? I think they didn’t know anything. In my opinion, we really have no idea where we will have to aim the thrust of our auditing activities three years from now.”
The necessity for sustainability reporting
“This planet is all we have and if we ruin the environment, we don’t have a better backup option. The problem is that today’s violators are robbing themselves and the next generation. The attitude can’t be, oh, things went awry, but so what, we’ll do it better the next time. These things don’t just take care of themselves. Today we are trying to figure out as a society what the important events and parameters are that we have to include in reports. What to report, what the public is interested in, how to audit these matters and give assurance?”
Mati says that reporting may include elements of bureaucracy, but if you look at what must be reported, it isn’t bureaucracy but a standard operating procedure: “No man is an island, everything we do has some impact on others. If you’re a company who doesn’t take a prudent, caring attitude to resources, I think it’s everyone’s business. The balance has to be found on how much and what we report. It’s critical that there has to be some kind of reporting – there’s no alternative, of that there’s no doubt. What’s unsettled is how we reflect it to others.”
Active in his free time, too
Due to commitment to making the world better, Mati is an active member of the Nõmme Rotary Club, which he joined 26 years ago: “In one sense, if you’ve received something, you want to give back to society – Rotary is undoubtedly a charity, compassionate and helping organization. It’s also an interesting way to spend free time – people from different fields meet up, and it's fascinating to talk to them, you grow through that.”
He also plays tennis, and has participated in the Auditors’ Association’s tennis tournaments. In his youth, he was a cross-country skier, which has given way to downhill skiing – “the influence of gravity is always a positive thing,” he chuckles. In the last few years, he has skipped the ski trips, but before that, starting in 2005, he would try to make it to the Alps for a week or so each year. “Travel is definitely something I like. Every place has something that is intriguing and eye-opening. Travel definitely changes you, and at the least it gives you a better understanding of why people are different.”

Finally, Mati has a long career in the accounting field and thanks to his experience, he encourages everyone to enter the field: “You have to start by developing a solid footing – from principles of accounting and analysis all the way up to public speaking. Building that foundation means you become a valued and diligent specialist. Everyone who has attained a certain level in auditing companies are people who are actively courted by companies in other fields.” But Mati himself has not even considered exiting auditing: “I’ve made it my goal to build and develop this company and I haven’t envisioned myself anywhere else.”