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Article Advisory Other industries
Signs indicating a company's financial difficulties and risk of insolvency
Early warning signs can save a business from dealing with partners on the brink of insolvency. As a financial advisor, I often see signs that are ignored or not easily noticeable. The goal of this article is to summarize the main financial, behavioral, and industry signals and action options.
Reinis Ceplis Nov 5, 2025
24 PS
Article Accounting Other industries
The role of the CFO in Latvian companies – a necessity or a luxury?
The position of CFO is relatively expensive in Latvian conditions, however, without a CFO it is difficult to create budgets, plan investments, and attract financing, as well as ensure the development and implementation of the company's strategy, including capital appreciation. What are the available economic solutions and what are the advantages of outsourcing the CFO (so-called "fractional CFO"), read in the latest article by Reinis Ceplis, partner at Baker Tilly Baltics AS.
Reinis Ceplis Oct 1, 2025
271 PEOPLE
Article Accounting
When is coffee in the office a justifiable expense?
Up until now, the State Revenue Service (SRS) has regarded tea and coffee provided to employees in the office as expenses unrelated to economic activity. However, a question arises in the context of collective agreements: if such an agreement stipulates that employees are offered tea and coffee daily (during coffee breaks), are these expenses considered business-related, or are they subject to corporate income tax? Read the article by our leading tax advisory expert, Anna Vilka, on this matter.
Anna Vilka Aug 18, 2025
Office Work
Article Accounting
E-Invoicing in Latvia: Managerial and Financial Perspectives
The European Union is undergoing a digital transformation in how businesses handle invoicing. As of 2025, new mandates are accelerating the adoption of electronic invoicing (e-invoicing) across the continent, affecting both public and private sectors. Read more about the impact of these changes on managerial and financial accounting processes in an article by Baker Tilly Baltics partner Toms Zirdziņš.
Toms Zirdziņš Aug 18, 2025
Regulatory Environment
Article Tax and Legal Other industries
One representational item - different taxes
In this article, Baker Tilly Baltics leading tax advisory expert, Anna Vilka, analyzes the difference between using an item for advertising purposes and presenting it independently as part of a representational event.
Anna Vilka Jul 28, 2025
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Article Advisory Other industries
Demand response and the future of utilities
The energy and utility sector is undergoing a transformation as technological advancements and market forces reshape infrastructure investment and grid management strategies. As utilities navigate this evolving landscape, strategic planning is more critical than ever to invest in energy infrastructure that is modernized, flexible and resilient. Read more in our international network partners' article!
Jul 11, 2025
Demand response and the future of utilities
Article Advisory Other industries
The EU AI Act: Transforming Financial and Managerial Accounting
The European Union’s Artificial Intelligence Act is reshaping how financial and managerial accounting functions operate across Europe and beyond. As AI becomes integral to accounting, audit, and financial services, the Act introduces a rigorous, risk-based framework to ensure the transparent and accountable use of AI. This directly impacts financial data, risk, and compliance management. To learn more about these developments, read our latest insight by Baker Tilly Baltics partner Reinis Ceplis.
Reinis Ceplis Jun 27, 2025
Regulatory Environment
Article Advisory Fintech
Understanding AML compliance: Why fintechs can't afford to ignore it
AML is a set of laws and regulations designed to detect and prevent financial crimes such as money laundering and terrorist financing. While traditionally associated with banks, as a part of the Bank Secrecy Act (BSA), these regulations are no longer limited to just traditional financial institutions. Financial technology companies (fintechs), as key players in today’s digital economy, are also under increasing scrutiny when it comes to AML compliance. 
Jun 25, 2025
83 PEOPLE
Article Advisory Fintech
Three strategies for fintech companies to navigate the changing regulatory environment
Fintech companies consistently push boundaries and disrupt traditional financial services models. However, despite their innovative approaches, they still must meet the requirements of a highly regulated industry and navigate an ever-evolving compliance landscape. Read more in the article by our partners from Baker Tilly International network.
May 27, 2025
Regulatory Environment
Article Accounting Other industries
Four ways automation boosts SaaS finance performance
The SaaS CFO’s 6th Annual Finance Tech Stack Report is here and reinforces an unpleasant reality: spreadsheets continue to dominate essential finance functions - despite the widespread availability of advanced financial tools, many finance teams still rely heavily on Excel sheets for their day-to-day operations. Read more in the article by our partners from Baker Tilly International network.
May 27, 2025
Automation
Article Advisory Other industries
From experimentation to integration
With forecasts estimating the long-term AI opportunity at trillions of dollars in added productivity growth potential from corporate use cases, it’s no surprise that C-suite executives globally say helping their business speed up adoption of AI will be important over the next year. But will AI truly become the backbone of strategic planning, or will it continue to play a supportive role?
Apr 28, 2025
Article on AI
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