Accounting for a start-up company
Starting a business? We help you set up your bookkeeping right from day one, so nothing has to be redone later. We also advise on setting up the company, organizing the work and staff costs.
Where to start
- Internal accounting rules – the law requires them of every accounting entity except micro-companies; we write them together with your chart of accounts.
- Source documents – which contracts, minutes and resolutions you need to have (see which documents your accountant needs).
- Taxes – income tax, social tax and unemployment insurance; filing the payroll tax return (TSD) and VAT return (KMD); VAT registration once your turnover requires it.
- Software – we open a Merit Aktiva database for you (one-off setup fee €70–85 + VAT).
Advice for a new business owner
Our tax and business advisory covers what matters when you start out: setting up the company, organizing the work, investments and staff costs. Advisory is billed at €55–95 + VAT per hour.
Price
A new company usually pays the minimum monthly fee of €80 + VAT, since there are only a few documents and 1–2 employees. If you're not trading yet but returns still have to be filed, the monthly fee is €25 + VAT. See pricing.
Frequently asked questions
Do I need an accountant as soon as the company is formed?
Your bookkeeping obligation starts the day the company is formed. It's worth sitting down in the first month to think through the internal accounting rules, the chart of accounts and how documents will flow, so everything runs smoothly later.
When do I have to register for VAT?
When your taxable turnover since the start of the calendar year passes the legal threshold. We keep an eye on your turnover and tell you when it's time to register.
Can I start with a small monthly fee and scale up later?
Yes. The monthly fee is based on workload, and we review it as the number of documents or employees grows.
What do nil returns cost?
If you're not trading yet but nil returns still have to be filed, the monthly fee is €25 + VAT.
Do you help with VAT registration?
Yes. We keep an eye on your turnover, tell you when you need to register and handle the registration for you.
Other services for your company
- Small business accountingSmall companies
- Accounting for non-profit associations and foundationsNon-profit associations and foundations
- Sole proprietor (FIE) accountingSole proprietors (FIE)
- Annual report preparation and filingCompanies, non-profits, foundations
- Accounting for e-residents and foreign-owned Estonian companiesE-residents and foreign owners of Estonian companies
- Payroll services in EstoniaEstonian companies with employees
- VAT registration in EstoniaEstonian companies and their owners
