Taxation of private individuals

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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
Sustainability services
Digital services
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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.

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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Corporate accounting and outsourcing

We offer professional and comprehensive accounting services with the support of our tax, financial and legal advisory department, offices in the three Baltic...

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.
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.
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.
Consolidation of financial statements
Our long-standing 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 / extraordinary accounting transactions, rectify poor historic accounting and offer the temporary replacement of an accountant / CFO.
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.
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 so that the business owner and team can focus on the company's core business.
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.
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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Our news We were recognized for long-term cooperation

Less than a minute | 10 Jan 2023

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.

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...

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Our news We were recognized for long-term cooperation

Less than a minute | 10 Jan 2023

Legal advisory

Grant Thornton Baltic has long been a trusted legal adviser to public interest entities and privately held companies operating in different industries and...

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.
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.
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.
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.
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.
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.
The contact person service
Grant Thornton Baltic offers 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:

Transaction advisory We advised OÜ Rannu Seeme in the transaction of the exit of a shareholder

1 min read | 21 Dec 2022

Grant Thornton Baltic's transaction advisory team helped OÜ Rannu Seeme develop the conditions for the exit of the partner, including advising on the execution and formalization of the transaction.

Business advisory

Successful companies can adapt to changes; growing companies shape their own development.

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
The corona crisis has shaken the equilibrium model that has characterized the world economy, and those who can adapt their corporate strategy will survive.
Coaching and development support
Good company culture draws in great people. Organisations with great culture know how to value and evolve their people.
Digital services
We at Grant Thornton Digital support you every step of the way to deliver the innovations that really matter to your business.
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.

Due diligence
Due diligence is a thorough analysis of the acquired company, within which business, financial, tax, legal and IT risks are analyzed.
Mergers and acquisitions
We provide advice in all aspects of the transaction process.
Valuation services
Grant Thornton Baltic has over 20 years of experience in determining the value of various asset groups with internationally accepted valuation methods.
Forensic expert services
Grant Thornton Baltic employs three experienced nationally recognized forensic experts who have evaluated a large number of projects over the years.
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.
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.
Reorganization
Reorganization of a company means the application of various measures to overcome financial difficulties, restore liquidity, improve profitability and ensure sustainable management.
Restructuring and reorganisation
We offer individual complete solutions for reorganizing the structure of companies.

Tax

With more than 20 years of experience, our team offers wide range of tax services in close cooperation with colleagues from the Grant Thornton network in the...

Corporate income tax
We advise on all matters related to corporate taxation
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.
International taxation
Companies need clear strategies for tax efficient cross border business
Transfer pricing
At Grant Thornton Baltic, our tax, legal and financial advisers assist you in all matters related to transfer pricing.
Taxation of transactions
Awareness and planning of the tax consequences reduces the risks of the transaction
Taxation of employees in cross-border operations
An employee of an Estonian company abroad and an employee of a foreign company in Estonia
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.
Representation in communication with the Tax Board
We prevent tax problems and ensure smooth communication with the Tax Board
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.
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.

Human resources and recruitment services

In a rapidly changing world, it is wise to focus on our core business, on what adds value to us and what we are experts at. This means that more and more...

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

Airi Neemre

| 6 min read | 13 Jan 2023

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.

Business risk services and internal audit

Grant Thornton Baltic's business risk services and internal audit department provides the internal audit and internal control services, mapping of business...

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 companies operating in the financial sector. 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 customer, 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, case management and investigations.

Sustainability services

Secure the future of your business with Grant Thornton's expert advice and services: sustainability consulting, sustainability auditing, sustainable investment...

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.
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.
Sustainable finance
We help investors to analyze the environmental issues, social responsibility, and good governance of a 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.

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.
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.
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 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.

Related insights:

Case study We advised German company RAUMEDIC

2 min read | 13 Jan 2022

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.

Besides companies, 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 (if necessary), assist with restructuring and declaration of different types of assets, etc.

Most often the advice is needed on following topics:

Sale and restructuring of assets (incl. real estate, securities, crypto assets)
Classification and reporting crypto transactions
Reporting investment portfolio, including foreign investment portfolios, investment account transactions, etc
Reporting foreign income, elimination of double taxation
Tax advice related to cross-border employment and moving to another country
Taxation and reporting income from shareholdings, including dividends from foreign companies, income from foreign (tax-transparent) partnerships, equity payments, etc
Calculation and reporting capital gain related to employer's option programs and other share based incentives

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Tax

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Taxation of private individuals

Most often the advice is needed on following topics:

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