Accounting and financial management
A professional accounting firm is one of an entrepreneur's most important partners. To support the success of your business, we prepare accounting for you and report to you on a monthly or agreed basis.
Companies are required by law to keep accounts, and your company’s business transactions are accurately recorded in accordance with applicable laws, good accounting practice and your company’s wishes, and in a timely manner.
The information in the accounts is obtained from the financial statements. The financial statements show the result of operations, on the basis of which taxes are paid if necessary and profits are distributed to the owners of the company or losses are stated. The financial statements also show the company’s financial position.
We perform monthly accounting, either electronically or on paper. The accounting service includes government declarations, monthly reports to the company’s management, as well as financial statements and a tax return. We will report the situation of your company to you after each tax period clearly and taking into account your specific needs. We offer all accounting services in Finland, Estonia, Latvia and Lithuania.
Our services
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Monthly accounting and reporting
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VAT returns and recapitulative statements for intra-Community sales
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Financial statements
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Income tax return, dividend return and advance tax monitoring
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Paper / electronic processing of purchase invoices and payment transactions
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Processing of sales invoices in paper / electronic form, as well as monitoring of trade receivables and payment requests
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Our services are always tailored to the needs of the client company, and we ensure that your service package includes services that support your business
Our services also include
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Consolidated and interim financial statements
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Accounts receivable accounting
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Controller service
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Auditing services
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Financial management consulting, profit and dividend distribution planning
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Business planning and decision assistance
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Personal tax returns of business owners in Estonia, Finland, Latvia and Lithuania
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Virtual currency accounting
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We also have special expertise in international VAT matters; dropshipping, a special VAT system and knowledge of the rules of different countries
Payroll
We handle payroll administration as a whole or we can specifically help with regulatory announcements and issues related to payroll administration and employment matters. Outsourcing payroll administration is always worthwhile, because payroll should always be calculated on time, in the right amount, and in accordance with all laws and regulations.
In addition to payroll calculation, our payroll administration service also includes collective agreements, compensation in special and exceptional situations, holiday payroll calculations, compensation, etc. Our payroll administration experts are experienced and professional factors who have also mastered a wide range of payroll software programs.
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Payroll and payment
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Transmission of payroll
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Calculation of holiday pay
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Statutory notifications to the Tax Administration, e.g. employer tax returns, annual returns
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Statutory notifications to other stakeholders, such as insurance companies (monthly declaration, annual declarations)
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HR counseling and interpretation of collective agreements
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Membership fees and enforcement fees
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Applications e.g. Reel, wage subsidy applications, Statistics Finland
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Payroll certificates
Debt accounting
According to the Accounting Act, all companies are required to keep accounts and the company’s management is responsible for arranging the accounts. Failure to keep accounts in accordance with the law can eventually lead to problems. Is your business accounting incomplete? Accounting for arrears changes when it is no longer up to date, i.e. notifications are sent late or have not been made. The accounts that have been left in arrears should be kept in order by, at the latest, The time the taxpayer sends the estimated tax return. To start accounting, you should provide us with all the materials you can find, and in addition to this, we need bank statements and copies of the missing documents.
Outsourced financial management
Outsourced financial management services can be used to supplement or streamline the company’s internal financial management processes by delegating some or all of the financial management tasks to us. Outsourced financial management services are always tailored to the customer’s needs. Outsourcing financial management frees up time and energy to focus on other important areas of your business that generate cash flow.
Audit
The statutory audit covers the audit of the accounts, financial statements and administration, at the end of which the auditor issues an audit report. Experienced auditors are at your disposal for audit services. We charge for the services of an auditor according to the time spent. We offer auditing services in Estonia, Finland, Latvia and Lithuania.
Electronic accounting
A modern electronic accounting service is very cost -effective and effortless for a company. With the help of an electronic service, financial management tasks can be changed automatically, which increases operational efficiency and reduces accounting costs. We use different financial management systems in different countries.