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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!
At Grant Thornton Baltic OÜ (hereinafter referred to as “Grant Thornton” or “we”) we value privacy and personal data protection and follow the principles of data processing set out in this privacy policy. We consider integrity and confidentiality of personal data of utmost importance and guarantee lawfulness of personal data processing. The privacy policy explains how we collect and use personal data including our website, www.grantthornton.ee.
1. Terms and definitions
1.1. Personal data – means any information relating to an identified or identifiable natural person ('data subject'); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person;
1.2. Processing of personal data – means any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction;
1.3. Controller – means the natural or legal person, public authority, agency or other body which, alone or jointly with others, determines the purposes and means of the processing of personal data; where the purposes and means of such processing are determined by Union or Member State law, the controller or the specific criteria for its nomination may be provided for by Union or Member State law;
1.4. Processor - means a natural or legal person, public authority, agency or other body which processes personal data on behalf of the controller;
1.5. Third party – means a natural or legal person, public authority, agency or body other than the data subject, controller, processor and persons who, under the direct authority of the controller or processor, are authorised to process personal data;
1.6. Personal data breach – means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, personal data transmitted, stored or otherwise processed;
1.7. Data subject – person whose personal data is processed (e.g. client who is a natural person, website user or a contact person of a legal entity client).
2. Principles
2.1. Grant Thornton and the processors working for us process person data adhering to following principles:
2.1.1. lawfulness, fairness and transparency – the processing is lawful, fair and transparent to the data subject;
2.1.2. purpose limitation – collected for specified, explicit and legitimate purposes and not further processed in a manner that is incompatible with those purposes;
2.1.3. data minimisation – adequate, relevant and limited to what is necessary in relation to the purposes for which they are processed;
2.1.4. accuracy – the personal data is accurate and up to date; we employ all reasonable measures to ensure that inaccurate personal data is deleted or corrected;
2.1.5. storage limitation – kept in a form which permits identification of data subjects for no longer than is necessary for the purposes for which the personal data are processed;
2.1.6. integrity and confidentiality – processed in a manner that ensures appropriate security of the personal data, including protection against unauthorised or unlawful processing and against accidental loss, destruction or damage, using appropriate technical or organisational measures.
3. Security of processing
3.1. Grant Thornton applies necessary, and appropriate to a risk, organisational, physical and technological measures to protect personal data. These measures include rules and procedures for employees, for managing data and IT infrastructure, internal and external networks and also protecting all the equipment and the building of Grant Thornton.
3.2. Grant Thornton has provided relevant training to all employees processing personal data.
3.3. Grant Thornton may use processors to process personal data, we ensure that all our processors process personal data in accordance with our instructions, applicable law and employing all appropriate organisational and technological security measures.
4. Lawful basis of processing
4.1. Grant Thornton processes personal data to ensure performance of a contract, to comply with legal obligations, out of legitimate interest, or on the basis of data subject’s consent.
4.1.1. We process personal data to ensure performance of a contract is used when we have concluded a contract and the contractual aim is not achievable without processing personal data.
4.1.2. Legal obligations of processing includes all personal data processing under relevant laws and regulations for example Employment Contracts Law, the Money Laundering and Terrorism Financing Prevention Act, the Auditors Activities Act or the Accounting Act.
4.1.3. We process personal data on grounds of legitimate interest to improve the quality of our services and for the purpose of business development. To ensure that our legitimate interest doesn’t breach data subjects’ fundamental freedoms and rights we conduct a three part test to guarantee that the processing is purposeful, required and proportional to the stated purpose.
4.1.4. When processing personal data with consent as lawful basis we only process specifically what data subject has consented to. The consent is freely given, specific and informed. Data subject can take back consent at any given time and as easily taken back as it was given.
5. Data controller or data processor and collection of data
5.1. Grant Thornton can be a controller or a processor in various data processing operations. To ensure data subjects privacy rights Grant Thornton abides by confidentiality principles and strictly limits disclosure of personal data.
5.2. Only the persons authorised by Grant Thornton have the right to modify and process personal data.
5.3. Grant Thornton processes personal data received directly from the data subject (i.e. person who submitted the personal data) or indirectly (through corporate clients). Personal data received indirectly is processed by Grant Thornton only if we have a need to process the personal data in order to provide a service, such as payroll accounting, to a corporate client.
6. Types of personal data
6.1. personal data: first and last name, personal number (ID code);
6.2. contact details: e-mail address, contact telephone number, postal address (place of residence);
6.3. personal data obtained indirectly, which we process to provide an assurance, internal audit, accounting or advisory services, may include, inter alia, the following: first and last name, personal number (ID code), number of children, marital status, e-mail address, contact telephone number, postal address (place of residence), remuneration, bank account number, companies’ shareholders, owners and beneficial ownership;
6.4. Internet data: data on website visitors’ sessions, cookies, log data and IP addresses.
7. Purposes of processing personal data
7.1. The purpose of processing the personal data specified in clause 6 of this privacy policy is to:
7.1.1. provide assurance and internal audit service pursuant to the Auditors Activities Act and other relevant legal acts;
7.1.2. provide accounting service pursuant to the Accounting Act and other legal acts;
7.1.3. offer tax, legal and other advisory services;
7.1.4. send out newsletters and conducting client satisfaction studies;
7.1.5. process purchase and sales invoices;
7.1.6. comply with legal obligations and activities resulting thereof.
8. Retention of personal data
8.1. Grant Thornton retains personal data only as long as this is necessary to fulfil the purpose for which the personal data is processed, unless there is an applicable legal obligation stating otherwise. We retain data as follows:
8.1.1. according to the Auditors Activities Act data collected in the process of assurance service is retained for 7;
8.1.2. accounting documents must 7 years as stipulated in the Accounting Act;
8.1.3. data collected on the basis of the Money Laundering and Terrorism Financing Prevention Act shall be retained for 5 years after the end of the business relationship.
8.2. Grant Thornton retains other data until the end of the respective retention term specified in the company’s personal data processing inventory.
8.3. Grant Thornton shall securely destroy and/or delete all personal data that has fulfilled its purpose or upon expiring of the retention term.
8.4. Grant Thornton stores personal data on cloud service provider servers located in the European Union.
9. Third parties and data processors
9.1. Strictly limited by necessity and pursuant to the purposes, Grant Thornton may forward personal data to third parties and data processors for the following purposes:
9.1.1. for issuing sales invoices;
9.1.2. for client relationship management;
9.1.3. to partners to improve the quality of our services.
9.2. Regardless of access restrictions, Grant Thornton shall release a document to an organisation or a person who legal right to request the data (e.g. police, court, supervisory authority etc).
10. Rights of the data subject
10.1. The data subject has the right to receive information regarding processing of their personal data. Data subject can obtain a copy of their personal data held by Grant Thornton by submitting a request via e-mail to aks@ee.gt.com.
10.1.1. Grant Thornton has a legal obligation to make sure that a person requesting information about themselves is indeed the person who has the right to receive the data. For this reason, the requesters may have to prove their identity or right to request the data.
10.2. The data subject has the right to deletion of personal data if the processing of personal data took place on the basis of consent.
10.3. The data subject has the right to restrict the processing of personal data.
10.4. Where feasible a data subject has the right to data portability.
10.5. The data subject has the right to lodge a complaint to the Data Protection Inspectorate regarding processing of personal data.
11. Cookies
11.1. A cookie is a small text file that a web browser automatically saves in the device used by the user.
11.2. The website administered by Grant Thornton Baltic OÜ, www.grantthornton.ee, uses cookies to monitor performance of our website, improve user experience and and remarketing.
11.3. We also use cookies to gather anonymous and generalised statistics on the number of website visitors and information on how the website is used to improve our websites user-friendliness.
11.4. The website administered by Grant Thornton Baltic OÜ, www.grantthornton.ee, uses the following cookies:
11.4.1. Facebook Pixel cookies to deliver targeted advertisements as well as to analyse the website flow generated by the latter. Therefore, this entails the tracking of the user’s web traffic by Facebook.
11.4.2. Google Analytics cookies to deliver targeted advertisements as well as to analyse the website flow generated by the latter. Therefore, this entails the tracking of the user’s web traffic by Google.
11.4.3. LinkedIn Insight Tag cookies to deliver targeted advertisements as well as to analyse the website flow generated by the latter. Therefore, this entails the tracking of the user’s web traffic by LinkedIn.
11.4.4 All the aforementioned cookies collect information in an anonymous form.
11.5. It is possible to refuse or block cookies on the device, this may mean that the website may not function properly and all services may not be available. To refuse or block cookies you need to change your browser settings.
11.5.1. To remove the cookies the user can simply go to browser’s settings and either reset the browser or manually remove the specific cookies in the designated section. You can read more about managing and deleting cookies from the following webpage: http://www.allaboutcookies.org.
12. Changes to the privacy policy
12.1. Personal privacy is important to Grant Thornton and we updates this privacy policy regularly. The version published on Grant Thornton website is always the latest version.
13. Contact information
13.1. If you have any issues, concerns or suggestions pertaining to processing of personal data, contact the controller using the following contact details:
Grant Thornton Baltic OÜ
Pärnu mnt 22
Tallinn 10141
privacy@ee.gt.com