Accounting in Finland
Day-to-day accounting in accordance with Finnish accounting and tax requirements.
- processing, checking and correctly recording purchase and sales invoices
- processing and recording bank transactions
- VAT treatment and preparation and filing of VAT returns
- fixed asset accounting
- periodic management and financial reports
- year-end closing and preparation of annual financial statements
- preparation and filing of the company income tax return with the Finnish Tax Administration
- communication with the Finnish Tax Administration and other authorities
- help finding an auditor when required and cooperation with the auditor
- audit preparation, supporting documents, explanations and communication with the auditor
Payroll
Payroll involves much more than multiplying hours worked by an hourly rate.
- monthly and hourly payroll calculations
- supplements, overtime, Sunday work and other pay components
- accrual and monitoring of holiday entitlement and calculation of holiday pay and holiday bonus where applicable
- sick days and sick pay calculations, including Kela reimbursement applications where needed
- taxable benefits and other pay-related benefits
- daily allowances, mileage reimbursements and other tax-exempt expense reimbursements, including reporting
- reporting payroll data to the Finnish Incomes Register
- employer taxes and payroll-related reports and filings
Special payroll questions — for example working-time balancing, working-time banks, different reimbursements or interpretation of a collective agreement — can be reviewed separately when needed.
Employees and employer obligations
I help clarify which requirements apply to your employees and how they should be handled in practice.
- the applicable Finnish collective agreement
- pay scales and pay components
- working time and supplements
- holidays and holiday pay
- working-time reduction arrangements
- mandatory insurance
- employee-related registrations
Taxation and reporting in Finland
I help clarify which tax obligations arise from your activities and how they should be handled correctly.
- VAT
- employer tax obligations
- taxation of company profits
- tax returns and reporting
- tax questions relating to cross-border activities, particularly between Estonia and Finland
- communication with the Finnish Tax Administration
Starting business in Finland
The easiest approach is to build the system correctly from the beginning.
- operating model and required registrations
- taxes and insurance
- employees and employer obligations
- setting up accounting and payroll
- ongoing tax returns and reporting
Read more →Advice and practical questions
Not every business question fits into a standard service package. I look at the situation as a whole and help determine what needs to be done and which obligations apply.
When needed, I also assist with communication with Finnish authorities and with preparing documents and explanations.