Our Services

Accurate financial records are the foundation of every well-run business. Under the Finnish Accounting Act (Kirjanpitolaki), all businesses operating in Finland are required to maintain bookkeeping, and Gallant Oy ensures that your records are kept correctly, completely, and on schedule throughout the year.

We handle the full bookkeeping cycle: recording all income and expenditure, reconciling bank accounts, managing accounts receivable and payable, and maintaining your general ledger. Our work follows the chart of accounts standard commonly used in Finland, so your records integrate smoothly with tax and payroll reporting.

Whether you use a digital accounting system or paper documents, we work with the format that suits your business and ensure timely monthly or quarterly closes.

• Monthly and quarterly bookkeeping close
• Bank reconciliation and accounts management
• Invoice processing and document management
• Integration with tax and payroll reporting
• Compliance with Finnish Accounting Act

Finnish businesses face a range of tax obligations — corporate income tax, the entrepreneur's personal income tax, and capital gains tax on dividends or business income. Understanding which apply to your situation and planning for them in advance makes a material difference to your year-end position.

Gallant Oy prepares and files your tax returns accurately and on time, working directly with the Finnish Tax Administration's (Verohallinto) OmaVero portal on your behalf. We also provide forward-looking tax planning — reviewing your projected income and expenses to identify options available under Finnish tax law, without overstating what can be achieved.

We serve sole traders filing Form 5 (elinkeinotoiminnan veroilmoitus), limited companies filing the corporate tax return, and individuals with investment or rental income.

• Corporate income tax return preparation and filing
• Personal income tax returns for entrepreneurs
• Advance tax payment management
• Dividend tax planning within Finnish rules
• Tax correspondence with Verohallinto

Finnish payroll involves more than calculating salaries. Employers must withhold income tax at the correct withholding rate for each employee, deduct and remit pension contributions (TyEL), accident insurance, unemployment insurance, and health insurance contributions, and report all earnings to the national Incomes Register (Tulorekisteri) in real time — typically within five days of each payment.

Gallant Oy manages the entire payroll cycle on your behalf: calculating gross and net pay, preparing payslips, filing real-time Incomes Register reports, and producing the monthly payroll summary you need for your bookkeeping. We also calculate employer social security contributions and ensure they reach Verohallinto by each due date.

• Monthly salary and net pay calculation
• Payslip preparation in Finnish and English
• Tulorekisteri (Incomes Register) real-time filings
• TyEL pension, accident and unemployment insurance handling
• Employer contribution summaries for bookkeeping

Every Finnish limited company (Oy) must prepare statutory financial statements within four months of the close of its financial year and file them with the Finnish Trade Register (Kaupparekisteri) at the Patent and Registration Office (PRH). The financial statements must include a balance sheet, an income statement, notes to the accounts, and — for larger companies — a cash flow statement and management report.

Gallant Oy prepares your complete financial statements from the year's bookkeeping records, ensuring that the presentation complies with the Finnish Accounting Act and the guidelines of the Finnish Accounting Standards Board (KILA). We coordinate the approval process, assist with the annual general meeting documentation, and handle the PRH filing on your behalf.

• Balance sheet and income statement preparation
• Notes to the accounts and management report
• Compliance with Finnish Accounting Act and KILA guidelines
• PRH / Trade Register filing support
• Coordination with auditors where required

Finland applies the standard EU VAT framework administered by Verohallinto. Businesses with annual turnover above €15,000 must register for VAT and file periodic returns. The standard VAT rate is 25.5%, with reduced rates applying to certain categories of goods and services. Incorrect VAT treatment or late filing can result in interest charges and penalties.

Gallant Oy manages your complete VAT cycle: registering your business in Verohallinto's VAT register, reconciling input and output VAT from your bookkeeping records each period, preparing the VAT return, and submitting it via OmaVero on the statutory due date. For businesses engaged in intra-EU transactions, we also handle EC sales lists and ensure correct reverse-charge treatment.

• VAT registration and deregistration
• Monthly, quarterly or annual VAT return preparation and filing
• Input VAT reconciliation and deductibility review
• Intra-EU transactions and EC sales lists
• Correspondence with Verohallinto on VAT matters

Beyond compliance work, Gallant Oy offers financial advisory to help business owners understand their numbers and make decisions with a clear picture of their financial position. This service draws on the same records we maintain for your bookkeeping and tax work, so the analysis is grounded in your actual data rather than general assumptions.

We assist with annual budgeting, cash flow projections, interpreting your periodic management accounts, and thinking through the financial implications of business decisions — such as taking on employees, changing your legal form, or expanding into new activities. We present our findings clearly and without unnecessary technical jargon.

This service is particularly valued by business owners who want an experienced financial perspective without the cost of a full-time finance function.

• Annual budgeting and rolling forecasts
• Cash flow analysis and monitoring
• Management accounts interpretation
• Financial implications of business decisions
• Support during changes of legal form or structure