Every company's activities involve many aspects, both larger and smaller, which may not always be easy to get an overview of. However, since planning a company's activities without having an overview of what has been done so far is not practical, financial analysis comes to the rescue. Financial analysis is essential for managing a company, as it provides an overview of what has been done, what is currently happening, and also helps to plan for the future. Getting such an overview is […]
Author Archives: Helari Pallas
When writing about accounting programs or software, the times when you had to ask whether you needed them are long gone. Today, these are essential solutions that are probably used by everyone who is at least somewhat knowledgeable in the field. Like other software and information technology, this sector is developing rapidly and there are many competing solutions. The right accounting program is one that takes your needs into account […]
Thanks to modern solutions, accounting has become so much easier that outsourcing accounting services is worthwhile for both small micro-enterprises and large groups. A modern accountant needs in-depth knowledge in the fields of IT, taxes, accounting, law and software implementation, and it often happens that an accountant also performs the role of a board assistant. Therefore, in these cases, hiring a separate specialist is not […]
Accountants must declare all past events that may affect their future income tax liability by February 10, 2015. The explanatory memorandum to the law states that if previously accrued rights are not declared by this date, taxpayers will lose the right to use them as tax exemptions when making future payments. Companies must declare all events that allow the invested amounts to be withdrawn tax-free at a later date. Until now, contributions had to be declared […]
If Estonia has gained recognition in the world as an e-country, then today it would be time to reach e-solutions in accounting as well. Grow was the first accounting firm to start digitizing all paper invoices and they became PDF invoices, but the latter is not a machine-readable invoice. Today, Estonia has also reached a point where it is time to move on to e-invoices. An e-invoice is an invoice that can be processed electronically and […]