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Accounting solutions for your business

Accounting services in Estonia

Accounting is an integral part of doing business on behalf of an Estonian company, the purpose of which is to keep records and obtain an overview of the economic results and financial position of the company.

All companies operating in Estonia and branches of foreign companies are subject to accounting. Each company’s accounting must comply with the standards set by the state so that the results are comparable and understandable.

Accounting for companies

Accounting for companies

Services include accounting, reporting, tax support, personnel records, consulting and analytical support.

Accounting of apartment associations

Accounting for apartment associations

A full range of accounting services for apartment associations, ensuring transparency and efficient management of financial transactions.

Payroll calculation

Accurate and timely calculation of wages helps maintain good relations between the employer and employees, reduce the risk of fines from tax authorities and improve the financial management of the enterprise.

The process includes accounting of hours worked, calculation of the taxable base, withholding of income tax, social tax and other mandatory contributions, accrual of additional payments (bonuses, compensations), preparation of payment documents for transferring salaries to bank accounts.

Accurate calculation of wages helps to avoid employee dissatisfaction and problems with tax authorities.

Submission of TSD, KMD, VD, OSS, IOSS declarations

This is an important part of tax reporting for businesses, and each of these declarations relates to different types of taxes and obligations to government agencies. Filing declarations on time is important to comply with tax laws and avoid penalties.

TSD (Tulumaksu ja sotsiaalmaksu deklaratsioon) – the declaration is submitted monthly by all employers and includes information on income tax, social tax and other mandatory contributions related to salary payments.

KMD (Käibemaksudeklaratsioon) – the value added tax (VAT) declaration submitted by companies registered for VAT, taking into account all taxable and exempt transactions.

VD (Välismaise käibe deklaratsioon) – the declaration on transactions with foreign partners. VD is submitted if the company does business with partners from other EU countries.

OSS (One-Stop Shop) is a system for simplified filing of VAT returns for cross-border trade within the EU, allowing reporting for all EU countries through one portal. It is used by companies that sell goods and services to end consumers in several EU countries and allows companies to declare and pay VAT in one EU country instead of registering in each country where the sale takes place.

IOSS (Import One-Stop Shop) is a special system for simplified payment of VAT when importing goods into the EU. It is used for goods worth up to 150 euros that are sold to customers in the EU, and facilitates the payment of VAT in cross-border e-commerce, allowing to avoid double taxation.

Preparation of statistical reports

This is the process of collecting, analyzing, and presenting data that is used to evaluate various aspects of an enterprise’s activities. Statistical reports help companies and government agencies track the dynamics of key indicators and make informed management decisions.

Data can include financial indicators (income, expenses), productivity indicators, number of employees, and other important parameters. Reporting involves not only displaying statistical information, but also explaining the meaning of the indicators, as well as formulating conclusions and recommendations based on the data.

Reports can be prepared in various formats – from text documents to interactive tables and charts.

Tax audit support

This is professional assistance from an accountant and lawyer in preparing and submitting all necessary documents and reports to tax authorities, ensuring the maximum possible accuracy of the data provided, compliance with the law and protecting the interests of the company during the audit process.

Assistance also includes minimizing the risks of fines and other sanctions.

Support of audit checks

Audit support includes the preparation of accounting and financial documentation for independent audits. This helps to ensure the correctness of the data provided, as well as to avoid delays and errors that may affect the audit results.

Preparation of annual and liquidation reports

Preparing annual reports requires an accurate reflection of all financial transactions of the enterprise for the reporting period. Liquidation reports are required when closing a business and include a detailed analysis of the company’s assets and liabilities.

Reports must be prepared in compliance with all legal requirements.

Interaction with banks

An accountant assists in providing financial statements to banks for obtaining loans, opening accounts, performing foreign exchange transactions and other banking procedures, which contributes to successful cooperation with financial institutions.

Consolidated reports

These are consolidated financial data from several companies or divisions within a single group of companies. The preparation of such reports allows you to get a complete picture of the financial condition of the group as a whole and analyze the aggregate results.

Provision of legal address

The service allows you to register a company at the specified address to comply with legal requirements. Having a work address is important for receiving official correspondence, interacting with tax authorities and government agencies.

Submission of the annual report on behalf of a board member

Submitting the annual report on behalf of a board member allows the company to delegate this responsibility to professionals. Wherever the board member is located and whatever means of signing documents he has, specialists will help to provide an annual report that complies with all legal requirements, eliminating errors and delays.

Monthly maintenance of crypto currency companies

Accounting services for companies using cryptocurrency in their settlements or operating in the cryptocurrency market include accounting of transactions with digital assets, tax calculation, reporting, and fulfillment of obligations to regulators.

This type of service takes into account the specific features of the cryptocurrency market and tax regulation.

Personal accounting services

We offer an individual approach to the client and his needs both in the area of ​​accounting and in consulting on financial planning issues.

Interim reports

These reports provide current information about the financial health of the company. They help management, creditors and investors monitor the company’s performance before the annual report is prepared and make timely corrective business decisions.

Development of mandatory internal accounting rules

Development of internal accounting rules is the creation of regulations and procedures that ensure accurate and systematic accounting in a company. Such rules are necessary to comply with accounting standards, internal control and improve the efficiency of financial activities.