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GRANT THORNTON MOCUMENTAL Behind and in front of the lens – let’s get acquainted!

In our new videos, you can learn about Grant Thornton Baltic's main areas of activity - accounting, auditing and advisory - as well as our culture: yes, we are not dry numbers people, but we appreciate humor, and we are helpful and solution-seeking with both clients and colleagues.

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Parental benefit Calculation of parental benefit to change starting 1 September

The calculation of tax-exempt income changed in 2018. To avoid the obligation to pay additional income tax on the basis of tax returns, more attention must be paid to which categories of income are counted toward taxable annual income. One taxable type of income is the parental benefit, which will be calculated under new principles starting 1 September of this year.

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Legal Amendments to Employment Contracts Act enter into force on 1 August

The European Union directive on transparent and predictable working conditions has been transposed into national law. The corresponding amendments come into force on 1 August 2022, but it would be a good idea for employers to start preparing for this date already.

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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.

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Case study We advised German company RAUMEDIC

Grant Thornton Baltic OÜ advised German company RAUMEDIC AG on the acquisition of aktsiaselts A&G. RAUMEDIC AG is a leading developer and manufacturer of systems and components and a partner to medical and pharmaceutical industries. Core business of aktsiaselts A&G is production of medical supplies.

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Consolidation of financial statements

Consolidation of financial statements We do time-consuming and complicated consolidation for you

One of the important topics related to a group of companies is the consolidation of financial data.

The goal of consolidation is to achieve a result where the group is presented as one large company, not a disparate group of companies. Consolidation is a time-consuming and somewhat complex operation that often requires the hiring of a high-calibre accountant, who will need a good amount of time to carry out a proper consolidation.

Grant Thornton Baltic has experienced accountants and advisers with long-standing experience in organising accounting for consolidated groups. We can help you in preparing consolidation tables and making the whole process more efficient.

preparing consolidated financial statements on the basis of customer input
assessing the existing consolidation process at a company
helping to build a system that helps accountants consolidate financial data efficiently

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