During the contractual period, it is the duty of the accountant to provide accounting services in compliance with applicable laws, including the responsibility of maintaining accurate accounting records.

Upon the contract’s termination, the contracting entity reserves the right to request the retention or return of all relevant documents, effectively transferring the obligation of document retention to the contracting entity.

Regarding the specific service that we offer, raw data is securely stored in web-based accounting software, which enables all parties to access, verify and download the information.

It needs to be raised

Estonian Commercial Code states that if a private limited company has less than half of its share capital or less than the amount of share capital specified in § 136 of this Code or the other minimum amount of share capital provided by law, the shareholders shall decide:

1) reduction or increase of share capital, provided that the number of net assets would thereby form at least half of the share capital and at least the amount of share capital specified in § 136 of this Code or other minimum amount of share capital provided by law, or taking other measures as a result of which the amount of the net assets of the private limited company would be at least half of the share capital and at least the amount of share capital specified in § 136 of this Code or other minimum amount of share capital provided by law;

2) the dissolution, merger, division, or transformation of a private limited company, or

3) submission of a bankruptcy petition.

We can help with the terminal liquidation process.

The information you need to provide in the annual report depends on the size of the company. For example, small businesses are required to provide an activity report, balance sheet, income statement, and specifically required notes.

A micro-enterprise is a private limited company with total assets of up to 175 thousand euros, liabilities not exceeding equity, and annual sales revenue of up to 50 thousand euros. The micro-enterprise has one shareholder who is also a member of the management board. The micro-enterprise does not have to submit an activity report in the annual report and the number of annexes is also minimal.

A small company is a company with total assets of up to 4 million euros, annual sales of up to 8 million euros, and an average number of employees of up to 50 people, one of which may be exceeded.

We accept the source documents in Estonian and English language.

There are certain restrictions for source documents, take a look at information about requirements.

An annual report is the company’s financial statement of the past financial year. All legal entities need to submit an annual report in Estonia – which of course includes companies owned by e-residents. Under the Commercial Code (see § 60), it’s mandatory to submit the report even if the company doesn’t have any activities during the financial year. It must be prepared in Estonian and in the official currency (EUR).

The deadline is six months after the financial year is over. But it is always wise to do it as early as possible. Submit your annual report online at the e-Business Register using your e-Residency digital ID or SmartID.

The following information needs to be written on purchase and sales invoices:

• Title (e.g. “Invoice” or similar)
• Invoice number
• Date of issue
• Description of goods or services purchased
• Numerical data (amount, price of a unit, total sum)
• Names of the seller and buyer
• Addresses of the seller and buyer
• Seller’s company registration number
• Seller’s VAT number (in case the seller has it)

There are certain restrictions for source documents, take a look at information about requirements.

In most cases, the financial year is the same as the calendar year in which case the deadline is the last day of June.

In special cases, a different period may be set for the financial year.

Submitting an annual report is mandatory for all the companies registered in Estonia, within 6 months from the end of the company’s financial year.

and    

In XML format.

If your current bank service provider doesn’t let you save your bank statements if XML format you can easily convert it to XML format, an example of using , etc.

If the volumes are larger, the price will change. We reserve the right to change our service prices if your monthly volume of transactions changes more than 25%.

In case the company has employees who are not Estonian tax residents and who live and work outside Estonia, salary payments to these foreign employees are not taxed in Estonia and we do not submit any tax declarations about these employees.

In such case, these foreign employees must declare their income from your Estonian company in the country in which they live and are tax residents.

The preparation and submission of the annual report of a micro-enterprise on the enterprise portal of the commercial register is an annual operation of the enterprise. Even a micro-enterprise, which can handle simpler accounting itself, may get somewhat confused when submitting its annual report on the enterprise portal. This is because, without knowing the environment, entering a report in some places raises the question of where to go now, which I still have to do here.

https://veebisekretar.ee/mikroettevotte-aastaaruande-koostamine

It is very strongly preferred that only business related expenses are on your receipts that you send to us.

Receipt needs to include:

• Date of issue
• Receipt number
• Description of goods or services purchased
• Numerical data (amount, price of unit, total sum)
• Name of the seller
• Address of the seller
• Seller’s company registration number
• Seller’s VAT number (in case the seller has it)

Receipts can be forwarded to us, using the Envoice app. You simply take a photo of the receipt and send it to us via the app.

Please use Multipage function, if your receipt has multiple pages (card payment slip and receipt itself).

By logging in to the e-Business Register, the first page will show the companies that are related to you. There you can also give your digital signature for accountant confirmation for the company.

The step by step manual is added to your order confirmation.

1.

Go to Estonian Tax and Customs Board and log in there:

2.

On the left side, there will be “Settings”, follow these steps:

Access Permissions -> Access permissions of representatives> New Access permission.

Add new user’s personal code-> search-> next.

The following page opens, where you can add an expiration date if necessary.

• If you want to add access rights as a package eg Accountant Package, Customs Package, Excise Package, Send data through system-to-system interface, etc., you need just to scroll to the bottom of the page and click on search. Five packages appear. Please mark the desired package (s) and click on add.
• If you want to add separate access permissions, you must select the separate access permissions tab. The most exploitable access permissions are in the “over areas ” area
• If you want to add user management permissions, select the separate permissions tab, enter “right” in the name box to simplify the search and press the search button. There appear several access permissions. The permission you need to add in such a case is: “The right of the representative of the legal person to administer the user rights of applications”.

Comprehensive and bulky manual: https://www.emta.ee/eng/information-and-news-e-mta/instructions-using-e-services/access-permissions-and-authorisations-e-mta

After ordering the accounting and the contract has been made, you will be sent a personal e-mail address. All source documents must be sent there.

They are checked and uploaded to the accounting software if appropriate.

The contract is signed digitally.

The following solutions are accepted for this purpose:

Estonian ID card, Dokobit, or Docusign solutions.

You will receive a notice via e-mail to sign in to our e-accounting environment, where you will have access to all the information about your business.

No, you don’t.

If the company has employees who are not tax residents of Estonia and work outside Estonia, the salary payments to these foreign employees are not taxed in Estonia, and we do not file tax returns for these employees.

Foreign employees must declare their income on behalf of an Estonian company in the country in which they are taxable.

When operating a business in Estonia, it is essential to comply with local accounting and legal standards to ensure that your company is adhering to the best practices in accounting.

Keeping your books in order is crucial to providing financial transparency to your creditors and business partners and ensuring the accurate calculation of taxes.

There are three main accounting policies that you must follow in Estonia:

1. The Accounting Act of the Republic of Estonia – this law outlines the requirements for accounting practices, including bookkeeping, accounting documentation, and financial reporting.
2. Estonia’s Good Accounting Practices – these guidelines provide recommendations for accounting standards and practices, including financial statement preparation, accounting documentation, and audit procedures.
3. The guidelines issued by the Accounting Board of the Republic of Estonia – this is an advisory board that issues guidance on accounting practices and standards, including the interpretation of accounting regulations and the development of new accounting principles.

By adhering to these accounting policies, you can ensure that your company’s financial information is accurate and transparent, w

Yes.

The price will be based on the number of transactions.

Please contact us for a special price.