Cybersecurity is not just a concern for IT professionals. It is a topic that everyone should be aware of and evaluate their actions.
Author Archives: ulvi
21
Dec
Dec
I've already tried remote work in cafes, at my home dining table, on the couch, in bed, in the yard, in the greenhouse.
08
July
July
You have your own business and are about to conclude your first big deals. There is no proper office yet and you meet your business partners in cafes/restaurants. You have reached an agreement and as a thank you you bring your partner a gift. Did you imagine something fancy? And then the accountant happily announces that you can freely pay for your business partners’ lunch at the restaurant for 32 euros. To clarify, this amount is a whole […]
11
Nov
Nov
Anna-Liisa, Kirsika and Liina share the choices to make when it comes to accounting software. Grow has tested most of the programs produced in Estonia. However, we have only used the most suitable ones for our clients. Grow Finance offers its clients accounting services with over 10 different accounting software. In addition, we use foreign software, including some that no one in Estonia has heard of. Experience in using different software is our strength. […]
02
Oct
Oct
What did I discover while working from home? I'll tell you my story about my home office, or Ulvi's home aquarium. The Grow office has been digital since 2010, when using a home office became significantly easier for us. However, it has been used quite a bit before. After the coronavirus, the use of a home office increased significantly. Now in the fall, most people are back in the office, but the hours and […]
20
Feb
Feb
E-invoices help speed up invoice processing processes and thus „bring home“ money faster. It seems like everyone knows about e-invoices, but why does it still cause headaches for so many people? E-invoice headaches are mostly caused by people themselves, who do not want to get rid of old, ingrained habits. There are significantly more technical solutions than people know how to use them. Reasons why e-invoices are not sent: There is no modern program that […]
03
Feb
Feb
Whose interests are served by paying holiday pay before the holiday? Holiday pay is paid in full no later than the penultimate working day before the start of the holiday. Such an obligation is incomprehensible today. In general, it is considered a good tone all over the world if employees' incomes are more or less evenly distributed on a monthly basis and at least a minimum income is guaranteed. Opposing views on people's investment and management skills are given by both our current government and […]
04
Apr
Apr
The new taxation of dividends has brought new challenges to accounting. From this year, there are options for dividend taxation, which means that dividends may be taxable in your company with 20, 14 or 0 %. Taxation of dividends 14% (+7%) Accountants generally overcome the initial shock easily once they have established that dividends paid to individuals are reported in gross amounts and dividends to companies in net amounts. Hello, how does such […]
21
Mar
Mar
Dividends can be paid by a company from the profits of previous years and only if the annual report has been approved. Therefore, dividends cannot be paid in the first year. The requirement must also be met that the company's assets do not decrease below the limit permitted by law, which is a minimum of 2,500 euros in the case of an OÜ. Dividends paid The shareholders make a decision to pay dividends, which does not yet create an income tax liability. Dividends […]
22
Jan
Jan
Grow Finance partner Anna-Liisa Orglaane's recommendations on what a truly good accountant should be. A good accountant is like a gnome. He is always there, but at the same time barely noticeable. “A good accountant is also like a gray cardinal, who makes sure that management has enough information to make the right decisions and can focus on growing the business instead of dealing with bureaucracy,” An important skill is to be able to read and write. […]
18
Jan
Jan
Income received in virtual currency, including bitcoin (gains from the transfer of assets, salary income, business income), is taxed on similar principles as income received in traditional currency. When taxing income, the purchase and sale price of virtual currency or the income received must be converted into euros based on the exchange rate (market price) of the virtual currency in effect on the date the income was received or the expense was incurred. If you receive income from a change in the price of virtual currency by buying and selling/exchanged virtual currency […]
12
Dec
Dec
Employee registration is important to meet the data needs of various state agencies and must be done as soon as possible. The Health Insurance Fund receives information from it to determine health insurance, calculate unemployment insurance benefits, and the Tax Board records employment and thereby checks tax payments. From January 1, 2019, the employment register must also include the working hours, the employee's job title, and the workplace address. If you cannot access the e-Tax Board, then […]
05
Sep
Sep
Dear board members, adding a beneficial owner is relatively easy if you know the structure of your company. How to submit? Log in to the RIK entrepreneur portal and designate the beneficial owners. When to submit the beneficial owner data? The data must be submitted no later than 31.10.2018. In the Business Register entrepreneur portal, you can supplement the pre-filled beneficial owner data (e.g. add the method of verification), then confirm the data and/or enter the beneficial owners yourself and […]
05
Sep
Sep
Dear members of the Board, adding Ultimate Beneficial Owners of companies in Estonia (actual beneficiary) is quite easy when you have an ID card and you know your company's structure. How do I submit? You log in to the entrepreneur's portal RIK and indicate the actual beneficiaries. When do I submit the data about the actual beneficiary? […]