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.
The calculator will answer if the company's sales revenue, assets or number of employees exceed the limit of an inspection or audit.
Payroll and related services
We perform payroll accounting for companies whether they employ a few or hundreds of employees.
Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
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.
Our CFO services suit companies where creating a CFO position would not be economically feasible, but professional financial leadership is still needed.
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.
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.
We offer legal support to both start-ups and expanding companies, making sure that all legal steps are well thought out in detail.
Our specialists advise payment institutions, virtual currency service providers and financial institutions.
We advise on legal, tax and financial matters necessary for better management of the company's legal or organizational structure.
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.
We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.
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!
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.
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.
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.
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.
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.
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.
We advise on foreign tax systems and international tax regulations, including the requirements of cross-border reporting.
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.
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.
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.
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.
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.
We help solve issues related to the environment, social capital, employees, business model and good management practices.
Our auditors review and certify sustainability reports in accordance with international standards.
We help investors to analyze the environmental issues, social responsibility and good management practices of the company of interest.
Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.
We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics.
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.
Our team of experienced business analysts will help you get a grip on your data by mapping and structuring all the data available.
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!
Which companies have a responsibility to prevent money laundering and terrorism?
According to the law, accounting and auditing companies, law firms, real estate agents, traders, credit institutions, etc. must deal with the prevention of money laundering. As the state strengthens supervision, improves laws and guidelines, and the best practices on the market evolve, companies should regularly review their anti-money laundering activities.
If the Money Laundering and Terrorist Financing Prevention Act applies to your company, you must have:
- a risk assessment related to money laundering and terrorist financing taking into acoount the company's activities
- a documented risk appetite approved by the board
- written rules of procedure by which the company hedges and manages these risks
It must first be clarified whether the law applies to your company. If so, have you prepared the above documents? Next, we recommend analyzing whether these mandatory documents are in accordance with the law, whether the procedures are effective and whether they are actually followed by employees. Read the article about the shortcomings our team has identified in corporate money laundering procedures.
Take a short test to find out whether your company needs to deal with anti-money laundering and how ready your company is in the field of anti-money laundering.
You don't have to do everything yourself
If resources or competencies are scarce, we can help you with your analysis and identify areas for improvement. If desired, we can also advise on the preparation of the aforementioned documents. We have considerable experience in this field. Together with our team, we have helped to improve the anti-money laundering and anti-terrorist financing procedures of several organizations by assessing their compliance and enforcment and making recommendations for improvement.
How can we help you?
We offer three options.
- We analyze the compliance of your company's anti-money laundering procedures with the law.
- We analyze the compliance of money laundering prevention procedures with the assessment of risks and the recognition of risk appetite.
- In addition to analyzing the compliance of all documents with the law, we also test how money laundering procedures are actually performed in your company.
As a result of the analysis, we identify shortcomings and bottlenecks (opportunities to improve procedures) and make recommendations.
The analysis is performed by our experienced risk management team and, if necessary, we involve Grant Thornton Baltic's legal advisers.
“We received valuable advice from Grant Thornton Baltic on reviewing and improving our company's risk appetite, risk assessment and anti-money laundering procedures. I liked the personal approach of the consultants – while improving the documents, the consultants took into consideration our specific needs and the company's activities.”
Member of the board of OÜ SAGA Family Office
The activities of companies in preventing money laundering are being scrutinized
In Estonia the state is placing increasing emphasis on money laundering prevention. Therefore, companies with a duty to prevent money laundering must be prepared for more thorough and more frequent inspections to determine whether they comply with all the rules laid down by law. You can read more about the obligations of companies in preventing money laundering here.
Mogo, ESTO, Estravel, Maaelu Edendamise Hoiu-laenuühistu, Berger Financial Group, Trigon Asset Management and others.
If you have similar challenges and questions, please contact our specialists.