Who Benefits from Our Bookkeeping Services?
Our team of seasoned accountants is committed to providing you with top-notch financial expertise and unwavering support for all your accounting needs. With a passion for numbers and a dedication to client success, our accountants are your trusted partners in achieving financial excellence.
- E-Residents managing Estonian companies remotely
- Small and medium businesses looking to outsource accounting
- Startups that need professional accounting from day one
- Foreign companies with Estonian subsidiaries or branches
- Growing businesses transitioning from DIY accounting
- Online businesses and digital service providers
- Consulting firms and freelancers operating as OÜ
LKS Consult
Our Bookkeeping Services Include
Monthly Bookkeeping & Financial Record Management
We maintain accurate and up-to-date financial records for your Estonian company, ensuring full compliance with Estonian accounting standards and tax regulations. Our service includes:
- Recording all business transactions (income, expenses, purchases)
- Organizing and categorizing financial documents
- Maintaining general ledger accounts
- Preparing monthly financial reports
- Ensuring compliance with Estonian Accounting Act
VAT Registration & Compliance Services
We handle all aspects of VAT (Value Added Tax) registration and ongoing compliance for your Estonian company, ensuring you meet all EU tax obligations. Our VAT services include:
- VAT registration in Estonia and other EU member states
- Monthly/quarterly VAT return preparation and submission
- Intra-community supply reporting (VIES declarations)
- VAT refund applications for eligible businesses
- Reverse charge mechanism implementation
- Compliance with EU VAT directive requirements
- VAT audit support and documentation management
Payroll Management & Employee Administration
Our comprehensive payroll services ensure your employees are paid accurately and on time, while maintaining full compliance with Estonian labor and tax laws. Our payroll services include:
- Monthly salary calculations and payslip generation
- Social tax and unemployment insurance contributions
- Income tax withholding and reporting (TSD declarations)
- Employee registration with Tax and Customs Board
- Annual income statements (Form A) preparation
- Pension fund and supplementary contributions management
- Payroll compliance with Estonian Employment Contracts Act
OSS (One Stop Shop)
VAT Reporting
We simplify your EU cross-border sales compliance with expert OSS VAT scheme management, perfect for e-commerce and digital service providers selling across the EU. Our OSS services include:
- OSS scheme registration and setup
- Quarterly OSS VAT return preparation and filing
- Sales data collection and categorization by EU country
- VAT rate determination for different member states
- Compliance with EU e-commerce VAT rules (post-2021 reforms)
- Threshold monitoring for distance sales
- OSS portal access and communication management
Annual Financial Reporting & Tax Returns
We prepare comprehensive annual reports and ensure timely submission of all year-end tax filings, keeping your company compliant with Estonian regulations. Our annual reporting includes:
- Annual financial statements preparation (balance sheet, income statement, cash flow)
- Annual report submission to Estonian Business Register
- Corporate income tax return (TSD annex 4) filing
- Management report preparation for larger entities
- Auditor coordination (when audit is required)
- Shareholder meeting documentation support
- Deadline management to avoid penalties
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Creating Success
Why Choose LKS Consult for Your Bookkeeping?
Whether you’re a small business owner seeking guidance on tax optimization, a startup in need of comprehensive financial planning, or a large corporation looking for strategic financial insight, our team of accountants is here to support you every step of the way.
10+ Years of Estonian Market Experience
Our team has extensive experience working with both local Estonian companies and international e-residents. We understand the unique challenges faced by digital entrepreneurs and foreign business owners operating in Estonia.
Multilingual Support
We provide services in Estonian, Russian, English and Spanish, ensuring clear communication regardless of your language preference. No more confusion about accounting terminology or tax requirements.
Cost-Effective Solutions
Hiring a full-time accountant in Estonia can cost €2,000-3,000 per month. Our professional bookkeeping services start from a fraction of that cost, giving you access to expert accounting without the overhead.
E-Residency Specialists
We are experienced in serving e-residents who manage their Estonian companies remotely. We understand the digital workflows, cross-border challenges, and specific needs of location-independent entrepreneurs.
Proactive Communication
We don't just process numbers - we keep you informed about: Upcoming tax deadlines, Important regulatory changes, Opportunities to optimize your tax position, Financial insights to help you make better business decisions
Compliance Guarantee
With LKS Consult, you can be confident that your accounting is always compliant with Estonian laws. We stay updated on all regulatory changes and ensure your business meets all requirements.
Tax
General Taxes in Estonia
0%
Profit Tax
22%
TAX on distributed profit (dividends)
24%
Value Added Tax
FAQ
FAQs about bookkeeping and accounting in Estonia
Contact us today for a consultation, and discover the difference that our team of expert accountants can make for your business or personal finances. Your success is our success, and we look forward to being a part of it.
You need to provide:
- All sales invoices issued
- All purchase invoices and receipts received
- Bank statements (we can usually access these directly)
- Any contracts or agreements related to financial transactions
- Information about any cash transactions
We accept documents in digital format via email, cloud storage, or through our client portal.
We typically complete monthly bookkeeping within 15 business days after receiving all necessary documents for that month. If you need faster processing, we can arrange expedited service.
Yes! We work with various accounting platforms popular in Estonia. If you’re already using specific software, we can continue with it. If you’re starting fresh, we’ll recommend the best solution for your business type.
No. We work with clients entirely remotely. All communication happens via email, video calls, and our secure client portal. This is especially convenient for e-residents and foreign business owners.
We can handle catch-up bookkeeping for previous periods. We’ll assess the volume of work needed and provide a one-time quote for bringing your books up to date.
Bookkeeping focuses on recording daily financial transactions, while accounting involves interpreting, analyzing, and reporting that financial information. We provide both services as part of our comprehensive solution.
We have quality control processes to minimize errors. If an error does occur, we take full responsibility for correcting it and ensuring compliance with tax authorities. Our professional liability insurance covers any issues.
Yes. We regularly handle international invoicing, foreign currency transactions, and cross-border payments. We ensure proper documentation and compliance with both Estonian and international regulations.
- Keep in mind that accounting regulations and requirements may change over time, so staying informed and seeking professional advice when necessary is crucial to ensure compliance and financial success in Estonia.
