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Growth

Solutions during COVID-19

01 Apr 2020

We have created a Grant Thronton Baltic Latvia work team that will be able to find the most suitable and best solution for you to facilitate the impact of Covid-19 on your business.

Our experts have compiled a list of business, legal and financial consulting services to be able to provide support and significantly reduce your organization's business risk.

In order to better and more successfully provide support mechanisms for companies, we offer:

Government support for busineses affected by COVID-19
Tax
  • Communication with SRS;
  • Preparation of applications and motivation letters in accordance with the new legal requirements;
  • Preparation and submission of reports;
  • Registration of EDS systems and granting of rights.

Contact:

Mārtiņš Lubgans

T: +371 67 217 569

Martins.Lubgans@lv.gt.com

Legal advisory
  • Preparation of applications and cover letters, provision of downtime benefit procedure;
  • Preparation of documents in accordance with the company's guidelines regarding the solution adopted during Covid-19 regarding the reduction of workload, introduction of downtime, termination of employment.

Contact:

Inese Lapaine

T: +371 67 217 569

Inese.Lapaine@lv.gt.com

Accounting
  • Calculation of salaries, average calculations, severance pay, downtime;
  • Calculation of leave, overtime, allowances;
  • Calculations of monthly salaries, hourly rates, total working time, piecework;
  • Calculation of employers 'and employees' taxes;
  • Preparation of information on the average calculation of the last six months;
  • Cooperation with the SRS and other state institutions on the calculation and granting of downtime benefit.

Contact:

Raitis Logins

T: +371 67 217 569

Raitis.Logins@lv.gt.com

Business advisory
  • Consultations on receiving state financial support;
  • Support in planning the company's financial optimization during the crisis, support in creating or updating a short-term, medium-term and long-term development plan;
  • Support in negotiations with credit institutions on changes in financing rules and justification of the company's sustainability (establishment or evaluation of short- and medium-term financial plan, etc.);
  • Support in the process of obtaining financing for credit institutions (valuation of assets or company, preparation or updating of a business plan, etc.);
  • Support in preparation of applications for EU structural fund projects;
  • Support for financial calculations for insurance indemnity (business interruption or other losses);
  • Support in the process of attracting an investor or in selecting investment objects and making investments:
    • search for interested investors locally and internationally;
    • selection of investment objects locally and internationally;
    • transaction preparation:
      • due diligence;
      • company evaluation;
      • increasing the attractiveness of investments (preparation for sale), incl. separation of non-profile assets, structure optimization, etc.;
      • preparation of an information memorandum for investors;
    • transaction support:
      • participation in negotiations with investors;
      • support in setting up the business structure, full legal support of the transaction (confidentiality agreement, memorandum of cooperation; share purchase agreement, etc.);
    • support in preparation of documents for registration of a transaction in the Register of Enterprises.

Contact:

Aleksandrs Vellers

T: +371 67 217 569

Aleksandrs.Vellers@lv.gt.com

Audit
  • Audit;
  • Internal audit;
  • Preparation of the report;
  • Packaging report audit;
  • Individual audit;
  • Valuation of non - monetary investment.

Contact:

Ieva Aizsila

T: +371 67 217 569

Ieva.Aizsila@lv.gt.com

Valuation
  • Real estate valuation;
  • Technology and equipment valuation;
  • Infrastructure valuation.

Contact:

Raimonds Dommers

T: +371 67 217 569

Raimonds.Dommers@lv.gt.com

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