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.

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.

In recent years, Latvia has emerged as an attractive destination for foreign investment, particularly for Turkish businesses looking to expand their operations in Europe. With a robust legal framework, an evolving financial landscape, and a diverse range of business opportunities, Latvia offers a conducive environment for Turkish investors. This article explores the key factors that make Latvia an appealing option for investment and collaboration.

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?

The workplace has undergone a dramatic transformation in recent years, driven by shifting employee priorities and an increasingly diverse workforce. With multiple generations in the mix, companies must adapt their environments to meet evolving expectations.

A sweeping rollback of key European Union (EU) green laws is on the table, potentially relieving tens of thousands of businesses from disclosing their environmental impact and climate risks. Last month, the European Commission (the Commission) announced that 80 per cent of EU companies could be exempt from mandatory sustainability disclosure requirements under its eagerly anticipated Simplification Omnibus package – marking a stark shift from the EU's previously aggressive environmental stance.

On the 26th February, the EU Commission announced its ‘Omnibus’ package, confirming the simplifications to the Carbon Border Adjustment Mechanism (CBAM). The proposal document and supporting ‘Commission Staff Working Document’ (SWD) were released the following day, outlining amendments to CBAM Regulation 2023/956. Baker Tilly Ireland have reviewed the key points of interest from the proposal document and provided analysis.

Although companies may have various future plans, financial projections, or rough strategic estimates, a detailed and precise budget—especially long-term—is rarely found. However, regularly prepared future business plans and financial flow forecasts significantly facilitate decision-making for management and owners, help achieve set goals, attract creditor or investor funds, and help successfully sell a company.

US President-elect Trump has announced “punitive tariffs” of 25% on all goods from Mexico and Canada. German companies would also be affected. The new announcements show: Companies in the European Union should take the indications of EU punitive tariffs very seriously.

When conducting an annual audit, significant issues may emerge that could substantially affect a company's financial results. One of the most common concerns among business owners is the impairment testing of assets which directly impacts the company's profit and loss statement by increasing expenses, which, in turn, reduces equity on the balance sheet. This reduction can limit the company’s ability to pay dividends, weaken its equity ratio, and trigger a breach of bank loan covenants.

Stricter regulations, rising investor expectations and rapid technological advancements are poised to make 2025 a defining year for the global environmental, social and governance (ESG) landscape. Our Baker Tilly International network in Brazil partners discuss the trends.