Running a business is challenging enough without worrying about complex accounting and tax issues. Our accounting consultation service provides friendly, expert assistance to solve all your financial management questions. We clarify the rules of bookkeeping, help prepare accurate financial statements and tax reports, and advise on tax planning strategies to optimize your tax payments.
In fact, Estonia is known for having one of the world’s most entrepreneur-friendly tax systems, including 0% corporate tax on reinvested profits. Our consultants leverage these advantages to minimize your tax burden while ensuring full compliance with the law. We even assist with company formation in Estonia, offering comprehensive support at every step of establishing and managing your Estonian business entity.
Boost Your Business with Expert Accounting Advice
Accounting consultations are valuable for startups and small businesses of all kinds. Whether you’re a local entrepreneur or an e-Resident launching a company from abroad, getting professional accounting advice can save you time and prevent costly mistakes. For any enterprise to thrive, it’s essential to have proper bookkeeping systems in place so you can meet government reporting deadlines, fulfill tax obligations, and maintain a clear view of your company’s financial health.
According to recent statistics, 82% of small businesses fail due to cash flow problems and poor financial management. With our guidance, you can avoid being part of this statistic by keeping your finances under control and making informed decisions based on accurate data.
The Main Topics of Our Accounting Consultation
Our experienced advisors tailor their approach to your specific needs to ensure your accounting system truly supports your overall business goals. Companies across various industries have boosted their performance and reduced risks by leveraging our customized accounting consultation services.
- Taxation of Estonian Companies: We help you make sense of Estonia’s tax system, from corporate income tax to VAT. You’ll receive a clear overview of applicable tax laws, rates, and filing requirements for your company type. For example, corporate profits in Estonia are taxed only when distributed as dividends, and dividends paid to non-residents are not subject to withholding tax. Our experts will advise you on legal ways to optimize tax payments and reduce costs, including making use of Estonia’s wide network of double taxation treaties when relevant.
- Basic Accounting Principles: Our accountants will guide you through the fundamentals of business accounting and proper record-keeping. We’ll advise you on setting up an effective bookkeeping system for recording transactions, organizing and storing source documents, and maintaining your general ledger. We also discuss opportunities for automation and digitalization of your accounting process to save time and improve accuracy. The goal is to implement a reliable accounting framework that supports your business growth and satisfies all regulatory requirements.
- Financial and Tax Reporting: We provide detailed guidance on preparing and submitting your company’s financial statements and tax returns. In Estonia, an annual report (year-end financial statement) must be filed with the authorities within 6 months after the end of the financial year. We’ll ensure you understand the reporting standards for the annual report, as well as your obligations for VAT declarations (due monthly if you’re registered for VAT) and corporate income tax returns. You’ll learn what needs to be reported, how to meet the deadlines, and how to avoid common mistakes. Our accounting service covers all aspects of compliance reporting so you can confidently meet government requirements.
- Distribution of Profits and Dividends: Navigating profit distribution is easier with expert help. We’ll explain the rules for distributing profits in an Estonian company and paying dividends to shareholders. This includes preparing the required resolutions and tax calculations when declaring dividends. We offer specialized advice if your company’s owners are not Estonian tax residents. For instance, we can guide you on avoiding double taxation of dividends through applicable international treaties or regulations. (Notably, Estonia’s system already avoids taxing undistributed profits and does not withhold tax on dividends to non-residents, but you may have tax obligations in your home country.) Our consultants help optimize the timing and structure of profit distributions so that you legally minimize taxes while staying compliant.
- Employment and Payroll Accounting: If you have employees in Estonia (or plan to hire), we’ll advise you on local employment regulations and payroll accounting rules. Our specialists guide you through drafting proper employment contracts and registering employees per Estonian law. We also take you step-by-step through payroll calculations – including gross wages, income tax withholding, social tax contributions (33% paid by employers), and unemployment insurance – to ensure everyone is paid correctly and on time. You’ll learn how to declare and pay labor taxes and submit required payroll reports to the Tax and Customs Board. With our support, you can confidently manage your staff’s payroll and stay fully compliant with all labor tax obligations.
High-quality accounting advice and bookkeeping support can benefit companies of any size – from a one-person startup to a large corporation. By consulting with our professional accountants, you’ll gain peace of mind that your finances are in order and your business meets all its accounting and tax responsibilities. Proper accounting not only helps you avoid penalties and mistakes, but also provides insights that can improve your operational efficiency and profitability.
Contact Us
If you are interested in expert accounting advisory services or need qualified assistance with tax planning in Estonia, feel free to contact our team! We are always ready to help startups, small businesses, and foreign entrepreneurs navigate Estonian accounting nuances with a friendly, personalized approach.
Every Case Is Different — We’ll Find the Right Approach
No matter how complex or unusual your situation is, our accountants and consultants will find the best solution tailored to your needs. Get in touch with our accounting department today to boost your business’s financial efficiency and ensure everything is done right.
You can also find more information about our other accounting and bookkeeping services on the relevant pages of our website. We look forward to supporting your business success in Estonia!
