Accounting Services in Estonia
We provide professional accounting services to companies operating in Estonia. Our specialists ensure the accuracy, transparency, and full compliance of your financial reporting with local regulations. 💡
Accounting that keeps everything under control 🌱
We implement modern IT solutions and automation so your accounting is as simple and clear as possible. With us, you get a tailored approach, responsive support, and confidence in every figure. 🤝
Eesti Firma — a partner you can trust 💚
Leave your accounting to us: we’ll handle everything accurately, transparently, and on time. Even in complex cases, we’ll find the optimal solution so you can focus on growing your business. 🚀
Get in touch and receive a tailored proposal today! Send enquiryAccounting for Estonian Companies
Professional Accountants and Reliable Bookkeeping in Estonia
According to the current legislation, all registered companies in Estonia are required to maintain accounting records and timely submit standardized reports of their activities. Our team will help you comply with these requirements and ensure impeccable financial documentation.
Our team of accountants and tax consultants has many years of experience and offers clients reliable and professional accounting support. We strive to build trusting relationships with our clients and maintain a reputation as a reliable partner, always putting the client’s interests first.
Eesti Firma – Accuracy and trust in every figure
Need qualified assistance with taxation and accounting in Estonia? Our team of experts is ready to provide individual consultations, help you understand the nuances of accounting and taxes, and develop a personalized proposal for effective support of your business.
Accountancy Services in Estonia
We will handle all necessary work related to your company’s accounting – from collecting and analyzing primary data to preparing tax and financial reports, as well as communicating with state authorities.
What accounting services do we offer to Estonian enterprises?
Our range of accounting services includes, among others, the following positions:
- Accounting and Tax Consulting
- Accounting Maintenance
- Preparation of Annual Reports
- Tax Reporting
- Payroll Management
- Restoration of Accounting Records
- Representation in Tax Authorities
The cost of accounting services depends on many factors, including the area of activity and nature of your business, the number of transactions, and other specific circumstances that need to be considered in the work of the accountant.
We always strive to offer the best price and create a customized pricing proposal that considers your business model’s features and specific needs.
Our Pricing Plans
Below is a complete list of our services with current prices. We are confident that you will find the optimal offer that meets your needs.
Please note that all prices listed do not include VAT, which will be added where applicable, based on the nature of the service and the client’s country of residence.
Why Choose Eesti Firma?
We offer quality accounting services for companies in various industries and business sectors. Our services are suitable for innovative enterprises, e-commerce, IT companies, startups, and crypto projects. We provide solutions that help our clients effectively implement their ideas and develop business projects.
- Convenience With Us!
We offer our clients the opportunity to connect and use an online accounting system for free, which allows for quick and convenient invoicing to counterparts and keeping track of the company’s latest financial indicators.
- Reliability With Us!
Our specialists can solve the most varied and complex tasks in the field of accounting. We guarantee maximum promptness, correctness, and accuracy in our work, as well as complete confidentiality in client relationships. Moreover, our employees’ professional liability is insured for up to 50,000 euros.
- Efficiency With Us!
We simplify the accounting process without compromising quality. Our company uses the most modern and advanced accounting programs and technological solutions for automating accounting and data processing.
Start of Accounting Services
We offer professional accounting support and legal assistance for business projects at the initial stage of development or seeking to restructure their internal processes.
Where to Start? Organizing and Setting Up Accounting for Your Enterprise
We will analyze the expected business flows, discuss possible nuances in taxation and accounting, and prepare an effective internal infrastructure so that your company’s market entry meets your expectations.
Tax and Accounting Consulting
The main goal of tax and accounting consulting services is to improve the efficiency of accounting and tax records. Our specialists will help choose the optimal business model and organize internal processes to make your activities clear, transparent, and predictable.
Organizing Accounting Records
Before starting commercial activities, it is essential to discuss all nuances of accounting and agree on actions, including the format and deadlines for submitting documents. The company must develop internal accounting rules, including procedures for maintaining registers, recording transactions, processing and storing documents, accounting for income and expenses, inventorying assets, and preparing reports.
Preparing an Opening Balance Sheet
Before starting commercial activities, enterprises need to prepare an opening balance sheet reflecting the company’s assets, equity, and liabilities. The opening balance sheet serves as the basis for accounting and determining the company’s financial indicators.
Obtaining a VAT Number in Estonia
A VAT number is assigned to an entrepreneur based on an application submitted to the Tax and Customs Board. Registration is mandatory when the taxable VAT (Value Added Tax) turnover exceeds 40,000 euros per year. If the turnover has not yet reached this amount, but the enterprise starts commercial activities and obtaining a VAT number is justified by the business model, the entrepreneur can register voluntarily.
Obtaining an EORI Number
An EORI number (Economic Operators Registration and Identification System) is used to identify entrepreneurs in customs procedures and is mandatory for enterprises engaged in import, export, or transit operations. The issuance of EORI numbers is coordinated by the Tax and Customs Board.
Financial Reporting
Financial reporting is a systematic and standardized set of data about the financial condition, performance, and changes in the financial position of an enterprise. The goal of financial reporting is to provide the state, business partners, and the general public with objective and reliable information about the company’s financial results.
Preparation and submission of annual reports for Estonian companies
Financial reporting must be professionally prepared and comply with the principles of accuracy, consistency, comparability, and objectivity. Our specialists offer a full range of services for maintaining accounting records, preparing annual reports, and other financial reporting, taking into account all the nuances and features of your company’s business processes.
Annual Report
Preparation and submission of the annual report are mandatory for all enterprises registered in Estonia. The annual report is submitted to the Commercial Register within six months after the end of the financial year. The report must comply with established standards and include the balance sheet, activity report, profit statement, and cash flow statement.
Zero Annual Report
The absence of economic activity does not exempt the enterprise from the obligation to submit annual reports. If there is no economic activity during the reporting period, a zero report must be submitted.
Interim Reports
Interim reporting is financial reporting for a period different from the company’s financial year (e.g., monthly or quarterly). Partners and counterparts often require it when concluding significant contracts, obtaining loans, and leases. It is also used in internal business processes to record interim states or determine the company’s seasonal financial indicators.
Statistical Reports
The Statistics Department collects data on enterprises’ activities, conditions, and financial indicators to provide objective information about Estonia’s economic development. Enterprises that participate in the studies provide data that help better understand certain social phenomena. In comprehensive studies, data is collected from all enterprises in the target group. Information is submitted to the Statistics Department through the eSTAT electronic environment.
Checking and Correcting Financial Reporting
Our accountants have the competence and experience to control the financial state of enterprises, find and correct errors, check calculation methodologies and data representation in reports, and reconcile results with previously submitted data to the Commercial Register.
Tax Reporting
Tax reporting and its preparation include a set of measures for submitting standardized declarations to the tax authorities by the due date. These declarations contain information about the enterprise’s financial indicators for a certain period and information about the calculation and payment of state taxes.
Submitting Reports to the Tax and Customs Board
Our team’s priority is to simplify the process of collecting and processing data on the client’s economic activities using modern technologies. We ensure prompt submission of tax reports to the controlling authorities.
Income Tax Declarations (TSD)
Enterprises that pay salaries or other taxable payments to individuals must declare (TSD declaration) and pay income and social tax, make contributions to the unemployment insurance fund, and, if necessary, pension fund contributions.
Turnover Tax Declarations (KMD)
Entrepreneurs registered as turnover tax (VAT) payers are required to provide summary data (KMD declaration) on the company’s turnover and imports, including zero or preferential rate turnover and imports, to the Tax and Customs Board of Estonia. They must also withhold and pay VAT to the state. A VAT report must be submitted even if there is no activity during the reporting period (month).
Intra-Community Turnover Declarations (VD)
If a VAT payer supplied goods or provided services, including triangular deals, to counterparts from other EU countries registered as VAT payers during the reporting period, they must submit a report on the intra-community turnover (VD declaration) to the tax authorities of Estonia in addition to the VAT report.
MOSS, OSS, and IOSS Declarations
The special turnover tax (VAT) regime for electronic services provided to non-taxable persons in other EU countries – MOSS (Mini One Stop Shop) allows the service provider to declare and pay the tax through their country’s tax authorities. This regime applies to other services for non-taxable persons from the EU, remote sales of goods within the EU, and online store sales (OSS – One Stop Shop). A new tax regime – IOSS (Import One Stop Shop) has been introduced for remote sales of imported goods from non-EU countries.
Checking and Correcting Tax Reporting
Our specialists have the qualifications and experience to check tax declarations and identify inaccuracies affecting tax calculations. If errors are found, it is important to correct the reporting, reflect accurate data in the tax declaration, and pay any underpayments and penalties. Prompt corrections will save the enterprise from fines and other problems.
Contact Us
Do you need professional assistance with taxation in Estonia or accounting for Estonian companies? Or are you looking for reliable accounting support for your business? Our team offers personalized accounting services tailored to your unique needs.
Optimize Your Accounting With Our Help!
For accountant consultation and a personalized quote, contact our specialists. You can reach us by phone, email, or through the feedback form on our website.
FAQ | Frequently Asked Questions
We are pleased to offer you professional accounting support to ensure your business complies with all regulations and manages its financial resources effectively.
In our FAQ section, you will find answers to the most frequently asked questions about accounting and tax reporting in Estonia, which will help you better understand the process and make informed decisions for your business.
- Who is required to maintain accounting records in Estonia?
All companies registered in Estonia are required to maintain accounting records and submit standardized reports to state authorities.
- What does accounting support for Estonian companies include?
Accounting support includes recording all financial transactions, preparing and submitting tax and financial reports, payroll calculations, and liaising with tax authorities.
- How often is financial reporting required in Estonia?
Annual financial reports must be submitted within six months after the end of the financial year. Interim reports may also be required upon request.
- What documents are needed for maintaining accounting records?
The main documents are invoices, bank statements, contracts, work completion certificates, and other primary documents confirming business transactions.
- When must a company register as a VAT (Value Added Tax) payer?
Registration is mandatory if the company’s taxable VAT turnover exceeds 40,000 euros during one financial year. Voluntary registration is also possible before reaching this threshold.
- How is the cost of accounting services determined?
The cost depends on the company’s activity sector, transaction volume, accounting complexity, and specific client needs. We offer individualized pricing proposals.
- What types of taxes must Estonian companies pay?
The main taxes include corporate income tax, VAT, personal income tax, social tax, and contributions for unemployment insurance and pensions.
- What accounting software and technologies do you use?
We use modern accounting software such as Merit Aktiva, tailored to Estonian legislation, which allows for efficient automation of accounting and reporting.
