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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!
When I became the Head of Business Process Solutions at Grant Thornton Baltic two years ago, I knew that I wanted to be a good leader for my team. But how? Fortunately, Grant Thornton pays great attention to training managers, and Kristel Tiits (Head of Legal) and I had the opportunity to participate in Grant Thornton International's year-long management training program, where one session took us to Vietnam.
Last summer, when our HR team came up with the idea of participating in the program and the partners approved my participation, I was afraid that it would be a dry and boring management training, full of different simulations for optimal profit growth and team motivation. Thank God, it hasn't been that way :)
So what is this training like?
The Grant Thornton International Advanced Leaders Program (ALP) has a long history. The 13th class, in which Kristel and I are participating, started in September 2023 and it will end in the middle of September 2024. This class brings together more than a hundred current or future managers of Grant Thornton from all over the world. Just think of the networking potential this class has!
The program is divided into four sessions - two sessions are conducted via Teams and two are face-to-face. One of the face-to-face sessions took place from February 26th to March 1st in Hanoi, Vietnam on the principle of “city as a classroom”.
Vietnam - a country with a diverse history, many military conflicts and many contrasts - offered so many emotions and discoveries to a "cold" Estonian like me that it is difficult if not impossible to put it into words. For example, my mind still refuses to accept the reconciliation of a communist state regime and a free market economy. Apparently, the things seen and experienced in childhood are also to blame. The strangest associations appeared to me when taking group pictures, for example, at the Hồ Chí Minh mausoleum - I had the same feeling as if I was looking at my mother and father's Soviet-era work trip album, which I often liked to flip through as a child.
A million questions for a novice leader
In the role of a top specialist, everyone can develop themselves to a greater or lesser extent, be it with the help of trainings, podcasts, books, etc. But how do you lead people? How do you deal with variables that you cannot control yourself? How do you meet the owners' profit goal without burning out the team? How can you support your team when you obviously cannot help yourself in everything? Two years ago, when I accepted the role of the head of the service line, these questions hammered in my head, because a good specialist does not equal a good leader. But I want to be a good leader for my team and I know that at Grant Thornton there are several inspiring future leaders who are growing and waiting their time!
When I rejoined Grant Thornton, I did not really perceive what this international network to which we belong could offer me. Yes, the cooperation network of the Baltic and Nordic countries works, and it worked even when I was once a young tax advisor at Grant Thornton Baltic. But what the GT UK team is able to cover or how it is useful for the small Estonian GTB to know what services GT India can support for Estonian companies, for example, is eye-opening.
Yes, of course, going through such intensive training also requires quite a lot of self-transcendence: getting out of your comfort zone, getting to know new people, being really present, listening and being listened to. This meant socializing from early morning until late at night, discussing and sharing interests, also starting the day with a morning yoga class or jogging in the waking Hanoi in the morning. During the first few days, falling into bed at night I felt like a well-squeezed lemon. But it's all worth it. When researching the background of my colleague Tarmo Rahkama (Tarmo is an alumnus of the 11th class of GT ALP), the main keywords were networking and new acquaintances.
Now that I am back in Estonia, I have already been able to contact several colleagues in the world to help my client here in tiny Estonia.
The most important thing I got from the training: people!
What have these meetings and trainings given me? People, of course. Building such a network on your own would take years, and you could probably retire before it is ready. At the same time, I probably don't have anything to do with Brazilian or Mexican colleagues and contacts in terms of the "benefit" of the accounting team, but that doesn't mean that I don't have something to learn from these people or learn something new about Grant Thornton.
The GT leaders of today and tomorrow, with whom I have been able to meet more closely at the ALP, each have their own story, their own victories and their own losses. But what unites them is the will to get up and keep trying, keep fighting.
Now, several months after the meeting in Hanoi, when emotions and experiences have settled, the most important realization for me is that a good leader can only be the one who dares to ask difficult questions and gives its team a sense of security - a sense of being listened to and taken into account . But in order for the leader to be able to do this, she must also care and take care of her own resilience. The manager’s own well-being is not a "nice to have", but a must.
The main topics covered in Vietnam were like textbook examples of what I experienced in my first year as an accounting team leader - laughter through tears.
Telling stories opens hearts
Pulitzer Prize-winning writer and multi-bestselling author Nguyễn Phan Quế Mai was able to magically make us tell sincere, very personal stories. And these stories spoke to me then and speak to me still. A good leader is a great storyteller. Every time I get to share the stage with Mart Nõmper, Head of Audit, Partner and colleague, I realize how lucky I am to have such a companion with magical storytelling skills to learn from.
“Dust Child”, a novel given to me by Quế Mai, which intertwines the history of Vietnam, the war and the destinies of the people there, absorbed me - the best symbiosis of travel and book. I definitely recommend it! For example, the path of one of the book's main characters leads to a post office in Saigon, which is, among other things, a great example of French colonial architecture there. So I had no choice but to go to the post office in Saigon and send a few postcards to my dear loved ones!
Hal Gregersen's workshop encouraged asking those hard and complex questions that would help to get to the real core of the problems and thereby grow your team's and your own resilience, change your organizational culture.
Mental health gains more and more attention in Estonia. However, we tend to see it very narrowly in the context of excessive workload and burnout. However, resilience is broader than just the mental side. I like our HR manager Marge Litvinova's point - sometimes you have to look in the mirror. I also feel a great responsibility towards my colleagues. And this change starts with me! That's how I dragged my colleagues along with @maratonimees Roman Fost to the running track. Big things start with small steps! But it doesn't have to be a jogging trail. Maybe it's a pancake morning instead, or a late brunch with some old friends you haven't seen in a while? Yes, I remember, Reena! :)
Of course, we encountered some funny moments and had a laugh
The funniest mishap on the trip was definitely Kristel's phone saga - her "modern phone" didn't recognize any eSIM, and Kristel could keep in touch with people at home mainly via Wi-Fi or using my phone. As Kristel affectionately told me: "can't go anywhere without my mum". We managed these two weeks perfectly, but Kristel has a new phone now.
I also remember a great story where an ALP participant asked how I would describe Estonians in terms of appearance and character. When I explained to him that an ordinary Estonian is a bit distrustful and aloof, but at the same time a loyal friend, his reflection was instead related to "Game of Thrones", my blue eyes and light hair - it seemed to him that all Estonians are cold and evil. At least we both got a good laugh out of the stereotypes.
Another great story that comes to my mind is the Vietnamese breakfast. In Vietnam, they eat a lot in the morning, much like we do at dinner: hearty pork stew, rice, rich meat soup and salad.
Thirdly, I remember that each participant had to choose one potential client from his or her portfolio, in which he or she believes in and sees great potential for international cooperation. I chose a small Estonian start-up, not a large internationally known corporation, and I did not believe that it could speak to my colleagues around the world. But – from 11 projects selected into final round, one was mine and Kristel's project!
And those street crossings in Saigon and Hanoi - successfully crossing a five-lane road felt like getting a black belt in karate. It really tested courage, self-belief and willpower. And as you can see - we survived and returned home safe and sound. From here on to the new heights!
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