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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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Payroll and related services
We perform payroll accounting for companies whether they employ a few or hundreds of employees.
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Tax accounting
Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
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Reporting
We prepare annual reports in a timely manner. We help to prepare management reports and various mandatory reports.
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Consolidation of financial statements
Our experienced accountants and advisors help you prepare consolidation tables and make the consolidation process more efficient.
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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.
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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.
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Assessment of accounting processes
We help companies to implement accounting practices that are in compliance with local and international standards.
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Accounting services for small businesses
We offer affordable service for small businesses. We help organize processes as smartly and cost-effectively as possible.
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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.
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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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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.
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Fintech advisory
Our specialists advise payment institutions, virtual currency service providers and financial institutions.
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Corporate advisory
We advise on legal, tax and financial matters necessary for better management of the company's legal or organizational structure.
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Transaction advisory
We provide advice in all aspects of the transaction process.
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Legal due diligence
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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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.
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Coaching and development support
A good organizational culture is like a trump card for a company. We guide you how to collect trump cards!
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Digital services
Today, the question is not whether to digitize, but how to do it. We help you develop and implement smart digital solutions.
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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.
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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.
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Due diligence
We perform due diligence so that investors can get a thorough overview of the company before the planned purchase transaction.
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Mergers and acquisitions
We provide advice in all aspects of the transaction process.
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Valuation services
We estimate the company's market value, asset value and other asset groups based on internationally accepted methodology.
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Forensic expert services
Our experienced, nationally recognized forensic experts provide assessments in the economic and financial field.
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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.
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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.
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Reorganization
Our experienced reorganizers offer ways to overcome the company's economic difficulties and restore liquidity in order to manage sustainably in the future.
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Restructuring and reorganisation
We offer individual complete solutions for reorganizing the structure of companies.
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Corporate taxation
We advise on all matters related to corporate taxation.
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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.
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International taxation
We advise on foreign tax systems and international tax regulations, including the requirements of cross-border reporting.
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Transfer pricing
We help plan and document all aspects of a company's transfer pricing strategy.
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Taxation of transactions
We plan the tax consequences of a company's acquisition, transfer, refinancing, restructuring, and listing of bonds or shares.
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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.
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Tax risk audit
We perform a risk audit that helps diagnose and limit tax risks and optimize tax obligations.
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Representing the client in Tax Board
We prevent tax problems and ensure smooth communication with the Tax and Customs Board.
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Taxation of private individuals
We advise individuals on personal income taxation issues and, represent the client in communication with the Tax and Customs Board.
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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.
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Recruitment services – personnel search
We help fill positions in your company with competent and dedicated employees who help realize the company's strategic goals.
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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.
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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.
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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.
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HR Documentation and Operating Model Advisory Services work
We support companies in setting up HR documentation and operational processes with a necessary quality.
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Employee Surveys
We help to carry out goal-oriented and high-quality employee surveys. We analyse the results, make reports, and draw conclusions.
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HR Management outsourcing
We offer both temporary and permanent/long-term HR manager services to companies.
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Internal audit
We assist you in performing the internal audit function, performing internal audits and advisory work, evaluating governance, and conducting training.
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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.
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Audit of projects
We conduct audits of projects that have received European Union funds, state aid, foreign aid, or other grants.
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Prevention of money laundering
We help to prepare a money laundering risk assessment and efficient anti-money laundering procedures, conduct internal audits and training.
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Risk assessment and risk management
We advise you on conducting a risk assessment and setting up a risk management system.
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Custom tasks
At the request of the client, we perform audits, inspections and analyzes with a specific purpose and scope.
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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.
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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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Sustainability audit
Our auditors review and certify sustainability reports in accordance with international standards.
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Sustainable finance
We help investors to analyze the environmental issues, social responsibility and good management practices of the company of interest.
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Sustainable tax
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!
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.
The rapidly changing world around us requires companies to be flexible and constantly adapt to the needs and desires of customers.
If we assume, that HR management practice can afford to ignore those changes and continue to operate by applying old-fashioned behaviors, attitudes, and solutions, then we risk of becoming a laggard in the labor market where adaptive organizations are buying up the best talents by offering modern work environment, development opportunities and excellent employee experience. To offer the best products or services to customers, one needs to keep up with the ever-changing market demands. The same applies to the organization and the working environment within the company to hire and retain the best employees.
Human resources management in a modern company can contribute to the company's success by providing functional and people-friendly processes and work-life design. This way HR can be a strategic partner that simultaneously creates meaningful value for the company, as well as a support unit that enables smoother adaptation to change. In a modern organization, the HR manager is an equally important partner to the business leader as the finance, sales or production manager. The HR Manager brings new practices, solutions and opportunities to the business and contributes to the growth of the company, by retaining and developing existing employees and attracting new motivated employees.
In large companies, personnel work is often organized at a such a good level, that smaller companies have a difficulty to keep up with. Systematically shaping corporate culture and well-organized HR management activities give many companies a competitive advantage both in attracting new employees and in motivating and retaining existing employees. It is true that it is not always reasonable or possible for a smaller company to hire a HR manager with extensive experience. In this case, the HR tasks are carried out by the managers themselves to the best of their knowledge or the operational and essential HR management activities are distributed among different employees. Sometimes it is assumed that hiring a HR specialist with less experience will automatically solve the bottlenecks related to the strategic HR management of the company.
It may be difficult for a HR specialist with little experience or who has been hired to perform operational administrative tasks to, for example, lead processes that articulate management's desired values, organize HR operations according to best practices, recruit talent for specialized positions, lead staff development processes, or to conduct internal training.
HR services can be successfully purchased in exactly the quantity and variety that the company needs. To do this, the company manager only needs to involve and trust a partner from a suitable consulting firm.
Administrative view
The main reason for outsourcing HR work as a support service may be the desire to find more time to focus on the core business and to free oneself from extensive administrative activities and tasks that are not directly reflected on the company's revenues but are essential from the point of view of maintaining reliability and avoiding losses. At first glance, the goal of correct personnel record-keeping may be only to minimize the risks of the company and to correctly and timely fulfill the requirements arising from the legislation, but it is not only a necessity arising from the law.
Correct documents and labor relations show employees, that the company treats its employees with respect, is a responsible employer and values its employees in the best way.
The service of a HR manager can include areas of operational HR management that are essential to any business, such as organizing and managing documentation related to employees, including the creation of employment contracts and job descriptions, amendments to employment contracts, and proper terminations. Within the HR service it is possible to create job postings and organize recruitment and onboarding of employees in a modern way to ensure the best experience for applicants and employees.
Talent management perspective
It is the people that make a company. People's skills, knowledge, and desire to collaborate and contribute to the maximum are key factors in business profitability and sustainability, the weight that differentiates one company from another. Well-organized personnel work and a better regulated work environment have a positive impact on employee satisfaction and loyalty, supporting the sustainability of the organization and the company's performance. Within the HR Manager service, you can coordinate and conduct training, manage employee development activities, prepare work organization procedures, advise managers on labor legislation and HR management best practices, and perform all other activities that a HR manager would perform in a company. The HR service supports leave management, remote work policies and the management of employee engagement and well-being activities.
Adaptability of the service
Since no two companies are alike, the HR services are tailored to the individual needs and budget of each company.
It is necessary ta talk precisely about desires and needs of the company and depending on where the shoe pinches the objectives and activities of personnel work can also be determined. Even if there are difficulties in formulating the needs, an experienced HR manager can proactively contribute to the development of the organization by making recommendations based on best practices.
Cooperation agreement of HR services may be established on an hourly, daily, monthly or project basis. Sometimes the services of a HR manager are needed as a temporary solution when an existing employee has left the company, but the new person has not yet started. Sometimes, however, the HR manager or specialist at a smaller company may lack the experience to successfully manage a larger project.
Purchasing the service of the HR manager provides the company with uninterrupted service by ensuring the availability of a replacement and expertise even during the vacation, illness, or training of the HR manager providing the service. The company's direct and indirect costs associated with the employment relationship for wages, training, workplace and health checks are also eliminated.
Integration of expertise
Today's HR functions are specialized and governed by more laws and regulations than ever before. The HR service provider does its job effectively and efficiently, keeps its employees abreast of ever-changing laws, and helps mitigate business risks because professional service providers are guaranteed to be constantly trained to keep up with changing laws. Even by purchasing the service of a HR manager with a low volume of work, the manager gets the opportunity to involve an experienced HR manager as an expert and partner in his/her field, who also thinks about strategic HR management activities.
No company that values its employees should satisfy with poorly organized or disorganized personnel work. The success of any business is based on satisfied employees, a supportive and encouraging environment, and well-designed and well-organized procedures.
Effective HR processes lead to engaged employees. Engaged employees enhance the company's performance and productivity, customer satisfaction, and corporate image. Engaged employees are a company's asset, creating quality through their actions, which becomes a competitive advantage.
HR Manager service also provides managers of small or medium companies with the opportunity of well-organized HR work, which is a competitive advantage in the fight for talent.
If you have similar challenges and questions, please contact our specialists.