Payroll and related services

back

Audit and other assurance services
Corporate accounting and outsourcing
Payroll
Legal advisory
Business advisory
Financial advisory
Tax
Mergers and acquisitions
Human resources and recruitment services
Business risk services and internal audit
Services for crypto companies
Sustainability services
Digital services
Starting business in Estonia?

Audit control is an integral part of each company’s control procedures required for gaining the trust of clients and partners as well as managing the company.

See Overview

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.
Audit calculator
The calculator will answer if the company's sales revenue, assets or number of employees exceed the limit of an inspection or audit.

Corporate accounting and outsourcing

We offer full range of accounting and outsourcing services tailored to your needs.

See Overview

Payroll and related services
We perform payroll accounting for companies whether they employ a few or hundreds of employees.
Tax accounting
Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
Reporting
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.
Outsourced CFO service
Our CFO service is suitable for companies of all sizes and in all industries. We offer services to our clients in the required amount and competences.
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.
Cryptocurrency accounting
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.

Related insights:

Outsourcing What is happening in the accounting services market?

The wellbeing of accounting firms is primarily influenced by how well their clients are doing and how well they adapt to changes.

Gaily Kuusik

| 5 min read | 29 Aug 2023

Payroll

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...

See Overview

Related insights:

Our news We were recognized for long-term cooperation
In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.

Less than a minute | 10 Jan 2023
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.

12 Aug 2019
Labour Law Don’t forget to dismiss your temporary employee after the contract ends!
Temporary employees are usually employed under fixed-term employment contracts, and it is important to note the differences compared to contracts with indefinite term.

Kristel Tiits
| 17 Jul 2019
Labour law When an employment relationship ends in discord
According to the Employment Contracts Act, there are two grounds for cancelling an employment contract: ordinary and extraordinary. The easiest option is agreement between the parties, but what are the other options? How to dismiss someone who drinks on the job? Read more from our legal manager Kristel Tiits's article.

Kristel Tiits
| 12 Jun 2019

Legal advisory

We provide entrepreneurs with comprehensive legal advice to contribute to their economic success.

See Overview

Business advisory
We offer legal support to both start-ups and expanding companies, making sure that all legal steps are well thought out in detail.
Fintech advisory
Our specialists advise payment institutions, virtual currency service providers and financial institutions.
Corporate advisory
We advise on legal, tax and financial matters necessary for better management of the company's legal or organizational structure.
Transaction advisory
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.
Training
We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.

Related insights:

Labour law The most important changes in labour law in 2024

From 01.01.2024, the Employment Contract Act will undergo several changes in the wording of the provisions, which are due to changes in the Family Act.

Anastassia Volmerson

| 3 min read | 16 Nov 2023

Business advisory

Whether your company is just starting out, growing rapidly or in a stable stage of life - you need expert advice from time to time to make the right decisions.

See Overview

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!
Digital services
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.

Financial advisory

Failure to provide sufficient attention to corporate development and financial planning may trigger difficulties.

See Overview

Due diligence
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.
Valuation services
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.
Outsourced CFO service
Our CFO service is suitable for companies of all sizes and in all industries. We offer services to our clients in the required amount and competences.
Reorganization
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.

Tax

With more than 25 years of experience, our team offers wide range of tax services in close cooperation with colleagues from the Grant Thornton network.

See Overview

Corporate taxation
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.
International taxation
We advise on foreign tax systems and international tax regulations, including the requirements of cross-border reporting.
Transfer pricing
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.

Mergers and acquisitions

Should you wish to buy out a competitor to boost your business, or, rather, to dispose of your company, the advisers of Grant Thornton Baltic will provide you...

See Overview

Human resources and recruitment services

We offer to outsource the HR services in the exact amount and precisely in the section of work that you need.

See Overview

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.
Employee Surveys
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.

Related insights:

HR management Sink or swim: well-organized HR work also gives a smaller company a competitive advantage.

Employees are the greatest asset of any company, upon which competitive advantage is built - but they are also one of the largest cost factors. Every business leader should think about on whether we are doing all we can, to preserve this investment and whether we are making the most of our employees' potential.

6 min read | 13 Jan 2023

Business risk services and internal audit

Our experienced specialists help your organization to regularly assess risks that threaten the fulfillment of goals.

See Overview

Internal audit
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.
Custom tasks
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.

Services for crypto companies

As one of the few advisory companies in Estonia, we are competent to offer virtual currency service providers (VASP) support services, such as accounting, tax...

See Overview

Sustainability services

We advise companies who, in conducting responsible business, consider in addition to profit, the impact of their activities on the surrounding world.

See Overview

Sustainability advisory
We help solve issues related to the environment, social capital, employees, business model and good management practices.
Sustainability audit
Our auditors review and certify sustainability reports in accordance with international standards.
Sustainable finance
We help investors to analyze the environmental issues, social responsibility and good management practices of the company of interest.
Sustainable tax
Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.

Digital services

Grant Thornton Digital helps you develop and deploy smart digital solutions that lead your business into the future.

See Overview

Digital strategy
We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics.
Intelligent automation
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.
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.
Cybersecurity
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!

Related insights:

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.

2 min read | 13 Jan 2022

Starting business in Estonia?

We know that global expansion is the natural evolution for a thriving business. Whether you’re expanding into new markets, entering Estonia or maximising the...

See Overview

Why outsource payroll service from us?

Payroll can be a significant cost for the company by consuming a lot of time and investments to payroll software. It also requires staying top of legislation that can be change quite frequently. When you leave payroll to Grant Thornton Baltic, you can rest assured that:

Payroll is always done correctly and on time. We have several accountants working for your company’s payroll to ensure the delivery and best quality, and we’ll never miss a deadline due to anyone’s illness or absence.
Payroll data will never leak. We use secure state-of-art technologies for providing payroll service and the information exchange is always password-protected.
Personal data processing requirements are always followed. Payroll also covers the processing of extensive personal data. We are able to ensure that the processing, recording, storage, transmission, disclosure or destruction of personal data is in accordance with applicable requirements.
Payroll accounting is performed in line with legal requirements. We keep up to date with amendments to taxation and labour law and update our payroll software accordingly. This means no additional time or expenses for you.

Sounds good? Contact us to discuss the details.

TESTIMONIAL

Payroll and financial accounting is always on time and accurate

We live in a world that puts a premium on speed, accuracy and trustworthiness. As a provider of international sports statistics, we live by those values and expect the same attitude from our partners and service providers.

Close to 15 years of cooperation with Grant Thornton Baltic has vividly demonstrated that we are a great fit for each other. Payroll and financial accounting for our Estonian-based company with its 220 employees is always on time and accurate. Besides the fact that the numbers always add up, we are also glad that there is a good fit between people. Grant Thornton’s specialists are characterised by their forthcoming, friendly attitude and sincere desire to always offer the best.

Joel Järvela, Member of the Management Board of Sportradar OÜ

We perform payroll accounting for companies whether they employ a few or hundreds of employees. Come in for a free consultation and we’ll get into the details of a possible arrangement.

We do not offer one-size-fits-all packages, but always proceed from the wishes and needs of each individual company. The price of the service is determined based on the size and specifics of the company. If necessary, our tax, legal or business advisory professionals will also assist you.

Gaily Kuusik
Head of Business Process Solutions

We were recognized for long-term cooperation

In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.

This is not the first time for Grant Thornton Baltic to receive recognition from ADP for good work. In 2018, we received the ADP quality award "Award for Performance Excellence" in all Baltic countries. ADP partners who have done high-quality work in the payroll of ADP clients during the year are recognized as deserving of this award.

Sign up to get the latest updates by email

To keep abreast of what is happening in the economy, to receive timely information about changes in the law and the most important development trends in tax, legal and other important areas of business, subscribe to our newsletter.