You don’t need to know accounting, tax laws or buy accounting software – we know it all, and we will do it for you!
What you get working with us
We have been providing qualified accounting services since 2013. Our team consists of experts in economics and finance.
Monthly pricing plan
The cost includes:
- Primary documents processing
- Running payroll for up to 5 employees
- Bank reconciliation and reporting
- Personal financial consultant upon request
One time consulting
The cost includes:
- Annual business report creation
- Processing of up to 50 source documents
- Reporting to the e-Business Register
- Subsequent document processing €0.60 per doc
Here are some main areas where we have huge experience and we can help you:
- Support with Accounting
- Tax Consultation
- Tax Optimization Advice
- HR and Payroll Administration
- Financial Analysis and Reporting
If you need something specific, please contact us and we would gladly assist you.
Our education and experience allow us to provide a wide range of accounting, bookkeeping and financial analysis services. Each business has its specifics, and we make sure to take a personalized approach to each client.
We are always committed to long-term partnerships and understand that each client can have a specific issue to resolve. The cost of our services is always up for discussion. Together we will definitely find a mutually advantageous solution.
Accounting for Limited Liability Companies in Estonia
If you are considering starting a limited liability company in Estonia, you need to understand the regulations in place for shareholders regarding payments and dividends. The authorized capital must be paid in full before payments from accrued profits to shareholders can be made. Payments such as wages and director’s remuneration are allowed but the distribution of dividends requires already distributed profits. If the equity of a private company is paid without contributions from equity, this creates an issue of whether and to what extent the equity can be paid, other than large expenses. A solution may affect the tax regime.
Distribution of profits (dividends) is prohibited until contributions are paid in full. This is due to the fact that internal payment must be made before the distribution of dividends. Differing interpretations of the Ministry of Justice and the Commercial Register contradict this. Lending to shareholders and compensating for later liability on payment is a way to circumvent this but is contrary to the Economic Code.
The Economic Code prohibits increasing, and reducing, the authorised capital of a private company until contributions are paid in full. The surest way to pay for a deposit is a monetary or non-monetary contribution to the charter capital. The issue of a fund will contradict this limitation and could affect the tax regime. While it may increase authorised capital at the expense of the equity of the limited liability company, until the full payment of contributions is made, it is unrealistic to make contributions from own capital.
Understandably, the above information can be overwhelming but it’s essential you comprehend these regulations to avoid potential legal difficulties.