Examples below are composite illustrations of the type of work we do, anonymized to protect client confidentiality. Names, exact figures, and identifying details have been changed or generalized.
Restoring Order After Years of Neglected Bookkeeping
Situation
A client came to us with accounting records that had been poorly maintained for an extended period, resulting in overdue filings and exposure to administrative penalties from the State Revenue Service (VID).
What we did
• Conducted a full review and reconstruction of the accounting records from the ground up
• Identified and prepared all overdue tax returns and statutory reports
• Filed all outstanding reports with VID on an urgent basis to minimize penalty exposure
• Rebuilt the bookkeeping system to ensure accurate, timely reporting going forward
Result
The company avoided administrative fines through timely catch-up filing, and its accounting was fully restored to a compliant, current state. As a direct result, the client's VID tax compliance rating improved to the highest category (A), and the company received formal recognition from the State Revenue Service for good-faith compliance practice. The client remains an active, satisfied partner.
Multi-Marketplace Accounting Across the US, EU, and Canada
Situation
An e-commerce seller operating on Amazon across multiple marketplaces (US, EU, and Canada) needed accurate, consolidated accounting across currencies and VAT regimes.
What we did
• Parsed and reconciled settlement reports across all marketplace accounts
• Converted multi-currency transactions to EUR using verified central bank exchange rates
• Categorized sales by applicable VAT regime — OSS, domestic EU VAT, and non-EU VOEC schemes
• Built a structured reporting workbook consolidating all marketplaces into one clear view
Result
The client gained a single, accurate source of truth for marketplace revenue and VAT exposure, replacing manual reconciliation that previously took days each month.
Payroll and Compliance Support for a Freight & Logistics Company
Situation
A logistics company with drivers and office staff needed payroll handled correctly under Latvian labour law, including a contract termination requiring precise final settlement.
What we did
• Processed monthly payroll, including driver allowances and overtime calculations
• Calculated a final settlement on contract termination, applying correct personal income tax rates, social insurance contributions, and prorated non-taxable minimums
• Advised on public holiday pay entitlements under the Labour Law
Result
Payroll was processed accurately and on time every month, and the termination settlement was completed without disputes or compliance issues.
Financial Structuring for a Property Management & Rental Business
Situation
A company managing and renting out commercial and residential properties needed clearer separation of property-level accounting and better visibility into profitability per property.
What we did
• Restructured the chart of accounts to track income and expenses by individual property
• Set up recurring reconciliation between rental income, bank receipts, and tenant ledgers
• Advised on VAT treatment applicable to different types of rental income
Result
Management gained clear, property-by-property financial visibility, enabling better decisions on which assets to hold, improve, or sell.