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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.
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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.
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We perform payroll accounting for companies whether they employ a few or hundreds of employees.
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Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
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We prepare annual reports in a timely manner. We help to prepare management reports and various mandatory reports.
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Our experienced accountants and advisors help you prepare consolidation tables and make the consolidation process more efficient.
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Our experienced specialists advise on more complex accounting transactions, rectify poor historic accounting, and offer the temporary replacement of an accountant.
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We keep up with blockchain technology to serve and advise crypto companies. We are supported by a network of colleagues in 130 countries.
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Fintech advisory
Our specialists advise payment institutions, virtual currency service providers and financial institutions.
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We advise on legal, tax and financial matters necessary for better management of the company's legal or organizational structure.
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We provide advice in all aspects of the transaction process.
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We thoroughly analyze the internal documents, legal relations, and business compliance of the company to be merged or acquired.
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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.
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The contact person service
We offer a contact person service to Estonian companies with a board located abroad.
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Training
We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.
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Whistleblower channel
At Grant Thornton Baltic, we believe that a well-designed and effective reporting channel is an efficient way of achieving trustworthiness.
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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.
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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.
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A good organizational culture is like a trump card for a company. We guide you how to collect trump cards!
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We plan the tax consequences of a company's acquisition, transfer, refinancing, restructuring, and listing of bonds or shares.
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An employee of an Estonian company abroad and an employee of a foreign company in Estonia - we advise on tax rules.
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Our tax specialists have prepared a comparison of the tax systems of the Baltic countries regarding the taxation of companies and individuals.
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HR Documentation and Operating Model Advisory Services work
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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.
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We help to prepare a money laundering risk assessment and efficient anti-money laundering procedures, conduct internal audits and training.
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Custom tasks
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We conduct an external evaluation of the quality of the internal audit or provide independent assurance on the self-assessment.
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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.
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Sustainability advisory
We help solve issues related to the environment, social capital, employees, business model and good management practices.
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Our auditors review and certify sustainability reports in accordance with international standards.
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We help investors to analyze the environmental issues, social responsibility and good management practices of the company of interest.
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Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.
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Digital strategy
We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics.
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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.
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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.
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Cybersecurity
A proactive cyber strategy delivers you peace of mind, allowing you to focus on realising your company’s growth potential.
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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!
Author: Karl-Eduard Salumäe, Äripäev
Remote work has become a new positive trend due to the coronavirus, which is difficult to reverse, and both companies and employees will benefit from adapting to it, was a conclusion made in Äripäev's radio program "Kasvukursil".
Although remote work was popular even before the restrictions imposed by the coronavirus, it became a new but positive trend due to the epidemic. “I see remote work as a positive trend, with the leap over the next five to seven years in a few months,” said Grant Thornton Baltic’s IT-specialist Arko Kurg. “Remote work is the way of dreams of self-realization, and in reality, many people use this opportunity in winter” stated also Grant Thornton Baltic’s employee, but already working for months from Thailand, Vladimir Rüntü.
Marge Litvinova, HR Manager at Grant Thornton Baltic, agrees, who pointed out that companies have no choice but to adapt to the new trend. “Remote work will be a very clear expectation, at the same time, we have been practicing it for a long time, and each of our employees may decide themselves the frequency and need to be away from the office,” she pointed out, that in Grant Thornton Baltic the changes were foreseen and started to follow them earlier.
The challenge
However, the home office also requires adaptation. Rüntü brings out from his experience from working in Thailand, that even though it is pleasant to be a climate refugee, creating a suitable work environment is more difficult. “It is difficult to get a quality office and it is harder to work in an uncomfortable chair behind an uncomfortable desk,” he described the experienced anxiety.
According to Litvinova, the employer must ensure that people working from home are also guaranteed decent opportunities to work. “As an employer, we need to ensure that the labor inspectorate also looks at remote work jobs happily,” she described Grant Thornton’s role as an employer. “We needed to review the mentoring of employees and raise their awareness of how to adapt the workplace to health.”
In addition, when working remotely, employees have to overcome mutual trust problems. “For example, if someone needs to be reached and it doesn't work, it creates tensions in the team and questions about whether people are still committed and can be trusted,” Litvinova explained. “This is especially true when many consulting projects and audits have to be completed on time as a teamwork, and since because of one person the whole project may suffer, it can seem to the manager that suddenly something else is being done instead of what was agreed.”
According to Litvinova, these problems can be solved by constant communication between employees, among other things, recording the meetings and enabling to watch them later. “It means agreeing new rules with your immediate team, but also that employees mark what time they are active and available, they have to learn to use calendars accordingly,” she said. “It is also possible to be virtually involved in meetings very well,” Litvinova is convinced.
The need for communication is also pointed out by Kurg, who in the home office lacks primarily soft contacts and so-called coffee corner stories. “But here, too, it is possible to create different Facebook groups, where different employees exchange information, for example, where accountants can talk about their daily worries, exchange photos and much more,” he brought an example. “The need for communication between people speaks in favor of the office, employees want to meet from time to time, because communication is in our nature,” Litvinova seconded.
Problems for IT
The area that needs to be solved separately in the case of remote work is related to information technology. “Yes, a laptop is a hygiene tool and you may think that if it comes with it, everything will be fine, but the view of an IT-manager, a hot topic is data protection,” Kurg said.
According to Kurg, transparency and visibility of the use of data are important. “Since we don't watch people at home, we don't know if a neighbour working in a competing company, for example, can sit with our employee or not – in Estonian context, this fear is exaggerated, but in the USA it would definitely be a big issue,” he noted.
In addition, working at home is hampered by everyday information technology worries. “People in the office are used to high-speed internet, while in homes and cottages things are slow and internet speed fluctuates, here is the key to communication again – when to explain to people why some files are slower to download, they will understand,” he brought an example. “In the company’s view, the flow of information between networks should definitely be reviewed.”
Reduces overworking
Although the use of a home office requires adaptation from both the company and the employee, it has several positive aspects, for example, remote work helps to avoid overworking when it shakes in place. “I have been helped by the difference in time zones, I have adjusted my work to the local life in Thailand and this allows me to work undisturbed for half a day,” Rüntü pointed out that he can contribute to the company at times when there is no work in Estonia and thus, he is not disturbed by meetings and other whirlwinds related to work. “This way I can deepen for half a day and it increases efficiency.”
According to Rüntü, efficiency is also favored by the written method of communication that accompanies the home office. “It helps to think through the answers to the questions, while you are in the office, it is assumed that you have to answer immediately – this is not a prerequisite in the home office and it is absolutely nice,” he noted.
To prevent overtime, Grant Thornton Baltic has a system in place for employees to measure their own hours. “On the one hand, it is necessary because we bill clients on the basis of these hours, on the other hand, it gives employees the opportunity to stay on line and see that if one day takes 9.5 hours, then on the other you can work less,” Litvinova explained. “Also, if we see that someone has less work, tasks can be redistributed.”
Kurg added that remote work allows employees to better plan their resources. “Some do their jobs faster and can go live their lives after,” he brought an example. “If you know that getting ready faster is expressed in your free time, you will also focus better,” Kurg was convinced.
Related services:
Human resource management Data protection and information services Digital services