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!
Cross-border business activities require continuous monitoring of local, foreign and international development of tax regulations.
There are various challenges in international business:
- cross-border restructuring or relocation of business activities;
- launch of cross-border business activities;
- pricing and financing between related entities;
- indirect taxes;
- business trips of key employees and cross-border employment.
Thanks to the global network, Grant Thornton Baltic has access to international know-how, which enables the client to reduce tax risks when operating in a foreign tax environment:
- Analysis of the tax risks and opportunities in cross-border transactions (including M&A) and business relocation
- Understanding the mutual impact of local, foreign and international tax regulations, and proposing solutions in line with customer’s business needs
- Establishing the tax optimal legal structure and business form
- Assistance in registering for cross-border VAT and income tax purposes
- Developing efficient and appropriate tax accounting principles
- Tax accounting for cross-border employees
We also advise foreign investors in their search for the optimum group structure and legal form of business activity in Estonia and other Baltic countries.
Tax systems vary from country to country. Our experienced tax advisers help customers to recognize the tax risks involved in cross-border business activities and comply with cross-border reporting requirements, as well as to identify and implement the unused opportunities.
Being active in multiple jurisdictions, you will face many opportunities and challenges. We see many examples of clients being successful in the Nordic Baltic market, and two years ago we formed a dedicated Nordic Baltic group to join forces in all service lines and countries. This strengthens our ambition to unlock our clients’ potential for growth.
Our Nordic Baltic Tax guide will guide you through the ever-changing tax landscape of the Nordic and Baltic areas. The brochure comprises the latest developments and trends in the tax landscape.
Some of the changes will become effective in 2021. In addition we shall highlight tax rates applicable in the Nordic-Baltic region as of 2021. In addition to several individual changes, there are also general changes that shall be applicable in all Nordic-Baltic region as of 2021.
Grant Thornton tax specialists prepared an overview of the changes that have taken place in Norway, Sweden, Denmark, Finland, Estonia, Latvia and Lithuania.
Dowload the Nordic-Baltic tax changes 2021 here. [ 1190 kb ]
Just as it is important in life to have friends you can trust, so it is important in a business where reliable partners are priced in gold.
I am glad that we found such a partner in the Grant Thornton Baltic.
Over the years, we have received advice from Grant Thornton Baltic specialists on various international tax issues: for example, taxation of foreign employees, transfer pricing policy and documentation, correct taxation of cross-border investments and expansion - the list could go on and on.
The big plus is that Grant Thornton Baltic specialists know the tax law of different countries in detail, and therefore we received expert advice on expanding our business to Finland, Sweden, Germany and the Netherlands. I would definitely recommend Grant Thornton Baltic to others!
Founded in 2013, Milrem is a developer and manufacturer of unmanned vehicles and robotics solutions.
Member of the Board
If you have similar challenges and questions, please contact our specialists.