Outsourcing of accounting services: why it is better than hiring a full-time accountant in Estonia

Benefits of outsourcing accounting with Magrat

  • Cost reduction. Services Magrat are cheaper than maintaining a full-time employee. You are exempt from paying taxes, vacation pay, sick leave and insurance premiums. Plus, you only pay for the amount of service you need, allowing you to manage your budget flexibly.
  • Minimizing hidden costs. Hiring a full-time accountant involves many hidden costs: workplace equipment, equipment, software, office rent, coffee, and even the cost of training and advanced training. All these expenses fall on the shoulders of the company. In case of working with the Magrat The accounting firm itself is responsible for these aspects.
  • No difficulties with dismissal. Dismissal of a full-time employee may involve lengthy procedures and compensation payments. With Magrat the contract can be terminated faster and without additional costs, which adds flexibility in resource management.
  • Professionalism and experience. Magrat, as a recognized accounting company (ERK Tunnustatud Raamatupidamisettevõte, see tunnustatud.ee), has highly qualified specialists who are constantly trained and monitor changes in legislation. This provides the client with a high level of professional service and reduces the likelihood of errors. If necessary, a Magrat accountant can always consult with a more experienced and highly qualified colleague, which may not be possible for a contract accountant.
  • No headaches when replacement is needed. Finding an experienced accountant, keeping him on the job and preventing a situation where the only accountant goes on sick leave or, even more so, quits and leaves the company without accounting – these are difficult tasks. Most Estonian companies employ only one accountant, which increases business risks. In case of working with the Magrat the company immediately provides replacements and maintains continuity of operation.
  • Flexibility and scalability. If necessary, the scope of services can be increased or decreased, adapting them to the current needs of the business. This allows companies to grow and develop without having to find new employees.