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Services

Auditing services | Tax advice | Accounting services | Other services


Auditing services

  • We offer auditing services complying with internationally accepted auditing standards (ISA), which are provided by experts with many years of experience.
  • In addition to the usual audit of annual reports, you can also order a review of annual reports, which is conducted within a smaller scope, making it less time-consuming and more cost-effective for the client.
  • Our certified public accountants also conduct contractual procedures or special audits, which solely focus at obtaining certainty in specific areas of activity.
  • We conduct due diligence comprising financial, tax and legal analysis of a company.
  • We prepare management letters, the aim of which is to summarise the observations made in the course of our engagement and to make proposals as to the elimination of bottlenecks.
  • We perform translation of annual reports and financial statements.
  • We are ready to listen to our clients and assist them all year round.

Useful information:
Audits of annual accounts are compulsory for companies and organisations according to the Auditors Activities Act. Some companies and organisations carry them out voluntarily.

An audit of annual accounts is compulsory for all:

  • public limited companies
  • state accounting entities
  • local governments
  • legal persons in public law
  • foundations and political parties receiving allocations from the state budget and a company in which the state has at least discretion for the purposes of the State Assets Act
  • foundations established by the state, legal persons in public law, local governments, political parties and companies in which the state has at least discretion for the purposes of the State Assets Act

An audit of annual reports is also compulsory for companies and organisations whose financial results exceed the criterion given below:

Audit is compulsory:
At least two of the indicators
of the financial year exceed:
  • sales revenue or income: 4 million euros
  • total assets as of balance sheet date: 2 million euros
  • average number of employees: 60 people
At least one of the indicators
of the financial year exceeds:
  • sales revenue or income: 12 million euros
  • total assets as of balance sheet date: 6 million euros
  • average number of employees:180 people
Review is compulsory:
At least two of the indicators
of the financial year exceed:
  • sales revenue or income: 1.6 million euros
  • total assets as of balance sheet date:0.8 million euros
  • average number of employees: 24 people
At least one of the indicators
of the financial year exceeds:
  • sales revenue or income: 4.8 million euros
  • total assets as of balance sheet date:2.4 million euros
  • average number of employees: 72 people

Compulsory reviews can be replaced with an audit.


Tax advice

  • Our tax advice experts provide advice concerning tax treatment of transactions carried out in daily operations as well as in more specific areas, for example, such as pricing of transactions between companies that are members of a group, preparation of transfer price related documents.
  • We conduct tax audits where we analyse the relevant and precise implementation of taxes in companies, sufficiency of documents related to taxable transactions and provide advice for the adjustment of any inaccuracies.
  • We assist in registering as taxable persons and in communication with the Tax Board.

Accounting services

  • We assist our in the adoption of accounting and advise in the matters related to daily accounting organisation.
  • We offer our clients full-scope accounting services as well as accounting services within a scope at the client's choice, for example, only financial accounting, payroll accounting, tax accounting, and filling in and submitting of tax returns, filling in of Intrastat reports, etc.
  • We are ready to perform bank transfers, provide different financial statement to our clients in the required scope and at the required intervals, and perform any other contractual operations, being governed by the instructions we have received from our clients.
  • We prepare annual reports.

When providing accounting services, we use the following accounting and payroll accounting software and have experience using these programmes:
HansaWorld
StandardBooks
Merit Palk
Erply
Margn
Taavi Palk
Navision

 

Other services

We can produce all manner of templates and forms needed for a company’s everyday business activities and personnel management.