Regardless of the area in which your company operates, you generally need to know what the state is charging you for. You might also want to know what the benefits are provided by the state so that you do not pay more for ignorance than you really should. We are talking about the taxation of expenses, i.e. the logic of corporate income tax in Estonia and elsewhere, tax-exempt and non-taxable expenses, fringe benefits and non-business expenses.
The share of e-commerce is growing steadily – it is estimated that 95% of purchases will be made online by 2040. According to Statistics Estonia, 75% of Internet users have bought or ordered products and services from the Internet in the last 12 months (compared to 68% last year). Thus, it can be said that selling products and services through some e-commerce model is becoming increasingly important for business success.
Nowadays, when data entry can be increasingly automated, the accountant’s choice of how well he or she can interpret numbers, is becoming more and more decisive. While starting a business, first-hand personal advice and assurance that the accounting will be in order, is required. As your business grows you will gradually add management reporting and forecasting, which in turn may require you to step away from your long-term accounting partner and find a new and better option.