V&O Outsourcing & Consulting
We specialise in the outsourcing of accounting services to various business entities - public limited companies (AS), private limited companies (OÜ), general partnerships (TÜ), limited partnerships (UÜ), sole proprietorships - and non-profit associations. We have strong professional skills and solid experience in financial and tax accounting.
Moreover, we offer businesses advice on financial, taxation and accounting matters taking into account the interests and needs of your business entity. We also provide services relating to actions carried out through the Commercial Register, including the setting up and liquidation of commercial undertakings. We guarantee confidentiality of your business information.
We work with business entities operating in various areas of activity: wholesale and retail trade, production, sports, construction, transportation, IT, etc.
Our enterprise is located in Tallinn, but our practice shows that thanks to the modern means of communication we can easily work with organisations across Estonia. Our clients enjoy high quality services and individual approach depending on their wishes and resources. The accounting documentation and information is submitted by arrangement either via email or regular post. You can come to our office or, if necessary, we can collect the documents ourselves. We can also organise the work of the accountant at your location.
We seek long-term partnership relations and successful cooperation with our current and future clients. There are businesses that have been our clients for over 15 years and we value highly such loyalty.
We are looking forward to fruitful cooperation!
The correct organisation of accounting is the cornerstone of any business not only because it is an obligation prescribed by law, but also because financial data play an important role in the analysis of the general development of the commercial undertaking.
The monthly review of the earnings, expenditure and balance make it possible to take sound decisions regarding the future activities of the business entity.
V&O Outsourcing & Consulting offers its services in accordance with the client’s wishes and resources.
We provide the following accounting services:
Keeping of accounting records pursuant to the procedure laid down in the Accounting Act.
Organisation and restoration of accounting records.
Drawing up of the internal bookkeeping rules.
Systematised storage of documents until the expiry of the contract.
Checking of source documents for compliance with legal acts regulating accounting and their entry into registers.
Keeping of records of fixed assets, taxes, salaries and payments to natural persons and members of the management board, warehouse accounting.
Management of invoices, issue of invoices, tracking of accounts receivable, reminders to pay.
Preparation of business trip reports, reports of accountable persons.
Provision of figures describing the economic activities at the client's request.
Preparation of annual reports.
Preparation of reports and their submission to the Tax and Customs Board in accordance with the procedure and terms laid down in the legislation of the Republic of Estonia.
Preparation of reports and their submission to the Commercial Register, the Statistical Office and the Bank of Estonia in accordance with the procedure and terms laid down in the legislation of the Republic of Estonia.
Preparation of management reports.
Registration as a VAT payer at the Tax and Customs Board.
Representation of the client at the Tax and Customs Board on the basis of the power of attorney.
Other services relating to accounting.
We provide to our clients both paid and free consultations on the day-to-day operation of the business.
V&O Outsourcing & Consulting offers consultation services on tax-related issues:
- taxation of legal persons,
- taxation of natural persons,
- international taxation.
We can analyse the existing or planned financial operations of your business entity and find legal ways to reduce the tax burden.
FINANCIAL AND COMMERCIAL ADVISING
V&O Outsourcing & Consulting offers consultation services on issues ranging from the setting up of a commercial organisation and planning of economic activities to liquidation of a business entity. You can also get advise in the following spheres:
Conversion of the share capital from kroons into euros.
Documentation of resolutions adopted by executive bodies of business associations in the Commercial Register.
Making amendments to the registration data in the Commercial Register (members of the management board, location, articles of association, business name, etc).
Financial analysis of the economic activities of a business entity.
SETTING UP OF BUSINESS ENTITIES VIA ELECTRONIC SYSTEMS
V&O Outsourcing & Consulting will help you set up a new business (private limited company (OÜ), general partnership (TÜ), limited partnership (UÜ), sole proprietorship (FIE)) through the Commercial Register portal.
We offer a simple and comfortable way of setting up a business entity using your ID card. Please make sure you have the following: the ID card and the necessary codes; funds for the share capital (no less than 2500 €) and the state fee (190,00 €).
Since 1 January 2011 it has been possible to set up a new company without paying in the share capital.
PRICES FOR ACCOUNTING AND OTHER SERVICES
We are always glad to offer you affordable prices for accounting services because we how important it is to minimise the expenses of your business.
The prices for accounting services depend on the volume and nature of the services offered which are characterised by the following parameters: the number of documents and the procedure for their flow, the sphere of operation and the number of employees, the amount of assets, warehouse accounting, the number of reports and the frequency of their submission not regulated by law.
Our clients can choose from among three options:
1) negotiated monthly or quarterly payment;
2) payment by the hour;
3) payment depending on the number of source documents.
Negotiated monthly or quarterly payment is suitable for businesses with a stable workload. If the workload increases or decreases considerably, a different price can be negotiated.
Payment by the hour is recommended to start-ups with a small volume of documentation and a small number of reports required, for instance, for those undertakings which are not VAT payers and which only submit annual reports to the Commercial Register.
The third option is to determine the workload based on the number of source documents. Source documents include the following: sales and purchase invoices, cheques, banks transfers, credit and debit slips, write-off reports, goods or fixed assets acceptance reports, contracts, documents confirming export or import, business trip reports.
This option is preferable for businesses with unstable patterns of work, for instance seasonal or beginning companies. The price for accounting services directly depends on the number of source documents in one calendar month and, in the case of small business not liable to pay VAT, in one quarter.
Holds a Master’s degree in management and a degree in economics with specialisation in accounting and audit and has a 15-year experience in management and organisation of bookkeeping in business entities operating in various business sectors, including internationally.
His Master’s thesis defended in 2012 is entitled “International tax planning for businesses in the EU countries”.
Speaks Russian, Estonian and English.