Company liquidation means the official termination of business activities and the removal of a company from the Business Register. It is a process during which the company’s accounting is closed, all legal obligations are fulfilled, and it is ensured that the business ceases operations correctly and...
All businesses are not created equal — and in Estonia, companies are officially divided into four size categories: micro, small, medium-sized, and large enterprises. This classification is more than just statistical — it determines the scope of reporting, accounting obligations, and the types of financial statements...
Preparing an annual report is one of the most important accounting processes for any company. It is not merely a legal obligation, but also an opportunity to demonstrate your company’s strength, transparency, and professionalism. The annual report provides a comprehensive overview of the company’s financial position...
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An Annual Financial Report (AFR) is a comprehensive document that provides an overview of a company's financial performance over the past year. It includes detailed information about a company's financial position, operations, cash flow, and changes in equity. The AFR is an essential tool for...
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security and operates independently of a central bank. It's built on blockchain technology, which ensures transparency and immutability of transactions. As cryptocurrencies like Bitcoin, Ethereum, and others gain popularity, they become more...
Efficient bookkeeping is the backbone of a successful business, providing clarity on financial health and enabling informed decision-making. For small to medium-sized enterprises, startups, and entrepreneurs, especially those in the investment and cryptocurrency sectors, maintaining daily bookkeeping practices is essential for navigating complex tax laws...
Withdrawing money from a company tax-free is possible in several ways. However, many entrepreneurs do not take advantage of the various tax benefits provided by the state simply because they are not aware of them. In fact, there are quite a few expenses that are...
When a job position needs to be filled, employers traditionally rely on resumes that clearly show the candidate's previous education and most importantly - experience in the field. Whether it's real work experience, internships or volunteer work. An internship is an official program offered by companies...
Accounting may seem strictly regulated and static, but in reality it is a complex, ever-changing, and comprehensive field, which is why more and more companies are opting to outsource accounting services. The basic requirements by the law generally require simpler basic knowledge in accounting, which can...