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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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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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Information security management
We provide you with an information security management service that will optimise resources, give you an overview of the security situation and ensure compliance with the legislation and standards.
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Information security roadmap
We analyse your organisation to understand which standards or regulations apply to your activities, identify any gaps and make proposals to fix them.
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Internal audit of information security
Our specialists help detect and correct information security deficiencies by verifying an organization's compliance with legislation and standards.
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Third party management
Our specialists help reduce the risks associated with using services provided by third parties.
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Information security training
We offer various training and awareness building programmes to ensure that all parties are well aware of the information security requirements, their responsibilities when choosing a service provider and their potential risks.
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ESG advisory
We help solve issues related to the environment, social capital, employees, business model and good management practices.
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ESG audit
Our auditors review and certify sustainability reports in line with international standards.
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Sustainable investments
We help investors conduct analysis of companies they’re interested in, examining environmental topics, corporate social responsibility and good governance practices.
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Sustainable tax behaviour
Our international taxation specialists define the concept of sustainable tax behaviour and offer services for sustainable tax practices.
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ESG manager service
Your company doesn’t necessarily need an in-house ESG manager. This role can also be outsourced as a service.
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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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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!
Tartu is nicknamed the city of good ideas. In Grant Thornton Baltic’s office in Tartu city centre there are not only good ideas but good specialists, satisfied customers and high-quality services.
Grant Thornton Baltic has two offices in Estonia, the larger one in Tallinn and a smaller, 12-member team in Tartu, which happens to be all-female. The smaller size doesn’t mean lower qualities or a less diverse line-up of solutions offered. The Tartu team consists of 11 outsourcing department employees and one auditor. Besides accounting specialists, our department also staffs very adept payroll specialists.
A diverse client portfolio
Among the key clients of the Tartu accountancy office is the Estonian capital-based family-business OptiPRO, who owns the nationwide Pro Optika chain. OptiPRO has been a Grant Thornton Baltic's client for going on 20 years, and we offer them accounting, payroll and legal advisory service.
We offer payroll service to the prestigious adhesive technologies, beauty care and laundry and home care product producer Henkel. Besides Henkel staff in Estonia, we also provide payroll service to their Latvian and Lithuanian employees, abiding by the tax rules of each respective country. To perform proper payroll services for foreign employees, we also work closely with our company’s Latvian and Lithuanian colleagues.
Our Tartu team also performs payroll accounting for the Estonian branch of Wise Payments Ltd, which is a company with 1700 employees. Our automated solutions and integration of payroll software with other software allows us to service a client with such a large number of employees.
ADP clients are also key service recipients for the Tartu team. ADP is a global cloud-based HR, payroll, time and tax administration solution provider. Grant Thornton Baltic has engaged in cooperation with ADP for over 10 years. Through ADP, we currently offer payroll accounting service to 12 companies in Tartu.
We always try to be innovative in our solutions and speed up our work process. We are flexible in how we use software and we pay attention to our customers’ wishes. Naturally, our Tartu colleagues use an impressive battery of software programs, such as Acclouding, SAF, Directo, Navision, Axapta, Palk365, Taavi Palk, and Persona.
At the Tartu office, we provide services to companies with different areas of activity: for example, real estate development, animal feed production, retail of home appliances, construction and owner supervision and medical services. Our portfolio also includes foundations and different associations. As a fairly new area, we now have a few companies who are engaged in crypto assets as well. The diversity of our clients and areas of activity gives us the capability of being the top experts on the accounting market.
Obstacles are no deterrent
Since the Tartu team is small, we stick together and do not shy away from challenges. The outsourcing group manager Deiwi Aru and Elis Ansip are in charge of organizing work and assuring quality. In unexpected situations that need a quick solution, all of the Tartu colleagues are hands on and can get the better of all concerns.
One success story we can boast is payroll for a company with 200 employees where we were temporarily forced to run payroll on an Excel spreadsheet and manually file the declarations of income and social tax, unemployment insurance premiums and contributions to mandatory funded pension (form TSD). We adjusted quickly and found a way to perform payroll in the absence of a functional payroll programme.
Recognition is part of the job!
Grant Thornton Baltic has a tradition of recognizing our top performers at the annual Christmas party. In 2017, Tartu outsourcing group manager Deiwi Aru received the Accountant of the Year honour, and the outsourcing group manager Elis Ansip won the titles of Senior Accountant/Project Manager of the Year and Tartuensian of the Year in 2021. Accountant Grete Külaviir, who at the time served as senior assistant, received the award of Innovator of the Year in 2020 and in 2018, the Client Experience of the Year went to ADP team accountant Liis Pajussaar, Sille Kasvandik and group manager Deiwi Aru.
Grant Thornton Baltic is very flexible as an employer. We offer the opportunity to work from home as needed to plan our time as desired. However, we value our splendid team members and thus work together most of the time in an open office setup.
We also take note of talented fresh graduates, provide all facets of support for them and contribute to their career development. In addition, we offer support and flexible job opportunities for parents returning from parental leave. To support the development of new colleagues, we have a solid onboarding programme largely based on every individual’s own abilities and development wishes. The onboarding programme consists of various online software trainings. In addition, managers of different areas meet new colleagues and introduce their work to them. To support the development of all colleagues, group leaders conduct one-to-one conversations every month so that no concern goes unsolved.
We asked our Tartu colleagues what aspects of their work they’re really passionate about.
Eveli Jürisaar, accountant: “Supportive colleagues, great events and interesting projects.”
Stella Villemson, senior assistant, accounting: “Although I have worked at Grant Thornton barely four months, I think I have gained a pretty good overview of an accountant’s everyday work. My eyes light up when I think of our satisfied, grateful clients and when I can help out in any task a team member is working on. I like our office’s uninhibited atmosphere, flexible working time and place, our many joint events with both our small Tartu team and the parties and training course aimed at all employees of our company. Although an accountant’s work may seem monotonous and routine for some, I should say that I have never found it boring once during these four months.”
Triinu Leppik, senior assistant, accounting: “When I succeed at solving a problem and the client is happy.”
Keidy Ingel, junior accountant: “Grant Thornton Baltic is my first real job. I have been here for nearly two years now and I really don’t want to go anywhere else. During this time, I have gained an immense amount of skills, experience and knowledge. An especially big life change was the friends for life I have made here at Grant Thornton Baltic.
“Coming together is the beginning, staying together is progress, and working together is success.” Henry Ford. Taking Ford’s quotation a bit further, I think it’s the team and my profession that I’m most excited about here at work.”
Liis Pajussaar, senior accountant: “I like that it’s interesting here – every day is new in terms of clients and sometimes the tasks are complicated. I like that we have a relaxed, pleasant small group of employees in Tartu and in contrast Tallinn is somewhat bigger. I like that the work takes some effort and is spiced up with good humour. I am glad that I am part of a hard-working, considerate team.“
Kadi Kard, senior assistant, accounting: “What makes me come alive is when there’s work. I can’t fail to mention my co-workers (read: friends) who I spend five days a week with. What more could you ask from a job than friends, pleasant time together and a good pay!“
Grete Külaviir, accountant: “I think good co-workers are very important, since we spend a very large part of our day together. We have lucked out with our Tartu team. It would be the people alone that would keep me from wanting to go anywhere else, but the professional development has also been huge – and that, too, stems from the great, supportive team. Co-workers and professional growth – I wouldn’t trade them for anything else.”
Deiwi Aru, outsourcing group manager: “At Grant Thornton, we enjoy great opportunities for growth and a supportive team. Our people are cohesive and work and laughter always go hand in hand. When people think of accounting, they often imagine just tables and numbers and routine work. I can assure you that’s not the way it is at Grant Thornton. We are changing all the time and we keep up with client wishes. I started working at Grant Thornton over eight years ago and it is the diverse nature of the work and career and development opportunities that have kept me here. My eyes light up when I can support co-workers in their development and see them grow. What also moves me is when we can offer clients solutions that make their work processes more efficient and I see that clients’ eyes light up as a result.“
Elis Ansip, outsourcing group manager. “For me, people are the most important – my colleagues I spend every day at the office with and clients I have the privilege to offer service to. I started working for the company in summer 2019 as an assistant, being promoted to senior assistant quite quickly, then accountant and in autumn 2021, group manager. Grant Thornton has always allowed me to grow professionally, offering me a chance to learn something new about myself every day. In the recruitment process, I often say that we are like a small family in Tartu and I always mean it sincerely, we are not just co-workers but something more.” It’s a joy to come to the office every day and make a career with people you are close to.”