GEA Consulting delivers a fully integrated, end-to-end financial management solution designed to support businesses at every stage of growth. We operate as your external accounting department - offering expert oversight, advanced automation, and strategic financial guidance - so you can focus on running and scaling your business.
Our comprehensive service suite includes:
Full-cycle bookkeeping under Latvian and international standards, kept accurate and current every month.
• Day-to-day bookkeeping and primary document processing
• Accounts payable and accounts receivable management
• Bank statement processing and reconciliation
• Fixed asset accounting and depreciation schedules
• Inventory accounting (incl. multi-warehouse / marketplace stock)
• Month-end and year-end closing procedures
• Preparation and submission of annual reports to the State Revenue Service (VID)
• Financial statements under Latvian GAAP, with IFRS reporting available where required by investors or group policy
From day-to-day VAT filings to structuring decisions that affect your tax position for years.
• Corporate income tax (CIT) calculation and reporting under Latvia's distributed-profit tax model
• VAT registration, monthly/quarterly VAT returns, and EU recapitulative statements
• One Stop Shop (OSS) VAT regime registration and reporting for EU cross-border sales
• Non-EU VAT regimes for UK/CH/JE sales (VOEC and equivalent schemes)
• Withholding tax and double-tax treaty applications
• Tax due diligence ahead of transactions or audits
• Representation and correspondence with the State Revenue Service (VID)
• Tax-efficient structuring for groups, holding companies, and cross-border operations
Accurate, compliant payroll that keeps you aligned with Latvian labour law.
• Monthly payroll calculation (salary, bonuses, allowances)
• Personal income tax (IIN) and mandatory state social insurance (VSAOI) calculations
• Employment agreements
• Employment agreement termination settlements
• Holiday pay, sick leave, and public holiday compensation under the Labour Law
• Payroll tax filings and reporting to VID
• Support for hybrid, remote, and cross-border employment arrangements
Senior financial judgment, delivered on a fractional basis — without the cost of a full-time hire.
• Cash flow forecasting and working capital management
• Management reporting and KPI dashboards
• Budgeting, financial planning, and variance analysis
• Board-ready and investor-ready financial reporting
• Unit economics analysis for growth-stage companies
• Financial input for fundraising and investor due diligence
Specialized support for businesses selling across borders and through online marketplaces.
• Settlement report parsing and reconciliation (Amazon and other marketplaces, US/EU/CA)
• Multi-currency conversion to EUR using verified ECB/central bank exchange rates
• VAT regime classification: OSS, domestic VAT (e.g. DE VAT), and non-EU VOEC schemes
• Consolidated reporting across multiple marketplace accounts and jurisdictions
• Reconciliation between marketplace payouts, bank receipts, and accounting records
Setting up the right structure from the start saves time, tax, and complications later.
• Company formation and registration support in Latvia
• Holding company and group structuring
• Choice of legal form and capital structure planning
• Financial setup for companies relocating or expanding into Latvia
• Bilingual (Latvian/English) contract drafting support for employment and corporate agreements
Accounting and procedural support for transactions and statutory corporate filings.
• Financial due diligence for mergers, acquisitions, and investment transactions
• Accounting support during corporate reorganizations and mergers
• Preparation and submission of documents to the Enterprise Register of Latvia
• Share capital changes, statutory filings, and liquidation procedures
• Coordination with legal counsel on transaction-related financial matters
Modern, efficient tools that keep your financial data accurate, secure, and accessible in real time.
• Implementation of leading cloud-accounting systems
• Workflow automation and system optimization
• Digital document management and secure data handling
• Real-time financial visibility with integrated tools