The deadline for submitting the annual report is approaching fast, which is why we wrote down the major points that every company needs to know about the annual report in Estonia. The annual report can be submitted through the e-Business Register. 1. Every entrepreneur has an...
From July 2019, businesses will be required to send invoices to public authorities in the form of e-invoices in Estonia. An e-invoice is a machine-readable invoice in XML-format, which must comply with the Estonian e-invoice standard in Estonia. An e-invoice is not a PDF invoice....
We wish all the accountants a happy International Accountants Day! :) There are three accounting consultants working in SimplBooks, who support our clients on a daily basis. Silva Saaliste and Julia Männik have been working in the SimplBooks Estonian team for many years. Milla Mäklin joined...
The holiday pay must be paid to the employee no later than on the penultimate working day before the start of the holiday. By mutual agreement of the parties, the holiday pay may also be paid to the employee on the next pay day, but...
When using an accounting software, some aspects may sometimes go unnoticed, which allows to significantly save time and make work easier. In this blog post, we outline the points to keep in mind when using the software so that the necessary actions can be performed...
Seems to be self-evident. The theme was established due to the experience at the market of the accounting software and the users’ feedback. Namely, in the introductions of the computer-based accounting softwares one could notice the words like “simple” or “no accounting skills required” etc....
Why should I need a bank interface? Because it’s free, and for a medium-sized company, you win up to 5 hours a month. As a smaller entrepreneur, you win about 1 hour a month. * PS: SwedBank and LHV interfaces are free of charge. The SEB...
In Estonia value added tax is a state tax collected by the Tax and Customs Board. Estonia regulates the value added tax by the Value Added Tax Act. The rate of the value added tax in Estonia is 20% of the value of the taxable...
Accounting entities are required to prepare annual financial statements for the economic year ended. The annual report in Estonia is normally submitted in January-June. The managerial report is a part of the annual report prepared by the company management board. The requirements for the managerial...
At the end of January, webinars on data-based reporting and accounting were held in Estonian and English as part of the IoB follow-up project. The aim of the IoB follow-up project, which started a year ago, is to develop a standard for information on economic...
