Introduction In the current crisis economic environment in Estonia, entrepreneurs face many challenges, one of which is the efficient management of tax liabilities. One important aspect that deserves close attention is the concept of special privileges (Erisoodustus). In this article we will take a closer look at what special privileges are and how they are regulated by Estonian legislation.
What is a primary document? Primary documents are the foundation of any accounting system. They serve as a record of each economic transaction and include documents such as contracts, invoices, bills of lading, certificates of completed works, and others. These documents confirm the fact of transactions and serve as the basis for all subsequent accounting entries and reports.
In recent years, running a business from home has become increasingly popular, as it allows for savings on office space rent and related expenses. However, many entrepreneurs may wonder which expenses can be accounted for within the home office and how they should be documented. In this article, we will discuss the main aspects related to expense reimbursement and taxation within the home office.
In today's world, technology is increasingly penetrating all areas of our lives, and accounting is no exception. Developments in the field of artificial intelligence (such as the sensational ChatGPT), machine learning and computer technology allow you to automate many tasks and processes that were previously performed manually. But is full automation of accounting possible?
As of January 1, 2023, the minimum wage for an employment contract has changed in Estonia. Instead of 654 euros the new amount became 725 euros gross. We have selected the top 5 main questions that arise when our clients change the amount of the minimum wage every year.