Ongoing bookkeeping
Document processing, bank transactions, SRS reports, VAT accounting, management reports and deadline control.
What we do
Comprehensive accounting services for companies that need clear document workflows, reliable deadline control and a professional monthly process.
Accounting services
Reliable accounting support from SIA FinServices
SIA FinServices provides professional accounting services, tax guidance, document management and practical support for day-to-day financial processes. We take an individual approach to every client and offer both comprehensive ongoing service and clearly defined one-off assignments.
Our clients include vehicle repair shops, manufacturers, building-material suppliers, construction companies, online retailers, industrial climbers, directors and marketing professionals operating in Latvia and abroad.
Payroll
Employee records, working-time data, payroll calculations, payroll registers and payment control.
Annual financial statements
Preparation and filing with a clear overview of progress.
Learn more → 04Neglected accounting records
Support when accounting records have fallen behind: reconstructing documents, restoring affected periods and establishing a reliable process going forward.
Learn more →Starting a company
Support with setting up a company in Latvia and establishing its initial accounting processes.
Three languages
We communicate in Latvian, English and Russian so that company management always has a clear understanding of the work.
Fully remote support
Document circulation, questions, reports and monthly cooperation can take place remotely, regardless of the client's location in Latvia.
Tax burden planning
We help organise documents, deadlines and cost structures so that tax obligations remain predictable, well founded and free from unnecessary risk.
Services
Accounting, payroll, reporting and company documents
FinServices provides ongoing accounting services in Riga and remotely throughout Latvia, including payroll, annual financial statements, company registration support and help with complex accounting situations.
01
Accounting services
Daily accounting, document processing, VID reports, PVN, bank operations and management reports.
02
Accounting and tax advice
Clear guidance on responsibilities, deadlines, document workflows and lawful tax planning.
03
Company registration and changes
Support in establishing a new SIA, initial document preparation and arrangement of the practical process.
04
Document management
Employee documents, orders, registers, time records and organizing the internal document system.
05
Urgent help with organising documents
A dedicated service for companies whose accounting records or documents have fallen behind and require a professional takeover.
06
Preparation of annual financial statements
Year-end closing, inventory review, balance reconciliation and preparation of financial statements from verified data.
Complex cases
Restoring neglected accounting records
FinServices supports companies whose accounting is not in order and requires calm, systematic restoration. We begin with an assessment, reconstruct the records and establish a reliable ongoing workflow.
Initial assessment
We identify the affected periods, missing documents, filing status and key risks.
Reconstructing missing records
We restore bank and invoice records, payroll data, SRS filings and the information management needs.
Ongoing controls
Once the records are in order, we can establish a regular monthly process to prevent the problem from recurring.
Quality and speed
We focus on accurate work, a transparent process and reliable communication—not merely entering documents, but building an accounting system management can trust.
01
Transparent, verifiable process
Each month has a clear document status, deadlines and next steps.
02
Clear, reliable communication
The client knows who to contact, when to expect a response and what information is required from them.
03
Professional result
Reports, payroll, annual financial statements and document workflows are prepared with close attention to risk and detail.
Why choose outsourced accounting?
The outsourcing model reduces internal accounting maintenance burden and gives the company a continuous professional process.
The company avoids the fixed employment costs of an in-house accountant.
There is no need to maintain accounting software, office equipment, training and professional-development costs for an in-house accountant.
The outsourced team provides comprehensive accounting support and clear guidance on tax obligations and document requirements.
We take responsibility for the quality of the services provided, deadline control and transparent work process.
Accounting services continue without interruption during staff changes or holidays.
Specialists have experience in various business spheres and regular updates on legislative and tax changes.
Service plans
Indicative plans for ongoing accounting services. They help estimate the likely scope of work; the final price is confirmed after reviewing the company’s document flow.
FinMINI
from 100 EUR
- Monthly VID reports.
- Processing of bank account and cash documents.
- Salaries for up to 5 employees.
- Outgoing and incoming invoices up to 10 documents per group.
- Operational financial data for management.
- Accounting of fixed assets.
FinMIDI
from 250 EUR
- Monthly VID and statistical reports.
- Bank, treasury and advance settlement documents.
- Salaries for up to 10 employees.
- Personnel and administrative orders.
- Accounts receivable and payable invoices up to 50 documents in each group.
- Accounting of fixed assets up to 10 units.
FinPRO
individually
- Greater volume of documents and banking operations.
- More than 10 employees.
- Arrangement of neglected accounting records.
- Annual financial statements and management reports.
- Working with foreign owners in Latvian, English or in Russian.
- Setting up the process for further regular service.
annual financial statementfrom 200 EUR
Salary calculationfrom EUR 65 per employee
Establishment of a companyfrom 170 EUR
restoration of neglected accounting recordsby volume
Prices are indicative. The final fee depends on document volume, employee numbers, bank and cash transactions, and the current state of the accounting records.
Request a quote
Complete the questionnaire about the company, document volume, employees and additional requirements. Your request is sent securely to a FinServices specialist, who will review the information, confirm the price and contact you.
Payroll calculator
2026 salary calculation for Latvia with gross/net mode, employee status, tax book and employer costs.
2026
Payroll calculator
Gross-to-net and net-to-gross salary calculation for 2026, including VSAOI, IIN, the non-taxable minimum, allowances for dependants and total employer costs.
The calculation is indicative. Complex cases should be verified by an accountant or against information in the SRS EDS.
Enter your gross salary before taxes.
Special casesPartial month, pensioner, vacation, illness money, annual threshold and minimum SSC
Open only the section that applies to your situation. If none of the cases mentioned below apply, additional fields are not required.
Grace period For an incomplete month of employment
Use this section only if employment began or ended during the month and the non-taxable allowance or tax relief must be apportioned. If the employee worked for the full month, leave the number of days unchanged.
The calculator itself determines the number of calendar days in the selected month of 2026.
Leave automatic for a full month number of days. For an incomplete month, enter the days, in which there was an employment relationship.
Pensioner's non-taxable allowance applied to salary Only for pensioners
This section applies to an employed recipient of an old-age, service or special pension. If the payroll tax booklet is registered with the employer, the EUR 1,000 pensioner’s allowance is normally split: EUR 500 against the pension and EUR 500 against salary. This section does not apply to other employees.
Currently, no pensioner status has been selected.
Annual PIT estimate Only for very high annual income
Most employees do not need this section. Use it only if annual taxable income may exceed EUR 105,300 or total annual income may exceed EUR 200,000. The result is an annual tax estimate and is not deducted from monthly net pay.
Complete if income approaches 105,300 EUR threshold above which the annual declaration applies 33%.
Complete only if total annual income may exceed 200,000 EUR and additional may occur 3% IIN.
A possible 33% IIN premium in the declaration
0.00 EUR
Additional 3% IIN annual benchmark
0.00 EUR
Vacation, sick pay and allowances If there are additional gross costs per month
Use this section when the month includes holiday pay, employer-paid sick pay under certificate A, a bonus or another gross payment in addition to regular salary. Do not include these amounts again in the main salary field.
These fields are available only in Gross → Net mode. In Net → Gross mode, the calculator determines the gross salary required to reach the specified net amount.
It is usually calculated from the previous six calendar months.
Specify only those vacation days in which the employee would have had to work.
No more than two billable business days; the first sick day is not paid.
Specify only the days that the employee would have had to work.
Enter the gross amount before VSAOI and IIN.
Vacation pay0.00 EUR
Employer's sickness benefit0.00 EUR
minimum SSC For the employer's quarterly risk guide
This section is intended primarily for employers and accountants when an employee’s declared quarterly income may be below EUR 2,340. Because the SSIA aggregates income from all employers and considers employment days and exemptions, the calculator provides only an indicative estimate of possible additional contributions.
Enter the VSAOI object for the other two quarterly months and, if known, other working months incomes declared in places. Exact allowances the distribution between employers is determined VSAA.
Turn on only for a preliminary quarter landmark.
Possible total minimum SSC premium
0.00 EUR
Gross salary0 EUR
Net pay0 EUR
Employer
Total costs0 EUR
Total taxes (for employee and employer)0 EUR
Gross salary0 EUR
Employer’s VSAOI0 EUR
Business risk state fee0 EUR
Employee
Amount of taxes0 EUR
Employee’s VSAOI0 EUR
IIN (25.5%)0 EUR
Applicable reliefs0 EUR
Resources
01
E-invoices in Latvia
Structured XML invoices, submission to the SRS and preparation for B2B requirements.
02State budget accounts
Current accounts for taxes, duties and other payments to the state budget.
03Classification of Occupations
Codes of positions and professions for employment contracts, salaries and personnel documents.
04Tax rates
Structured information on key rates and changes.
05Working time calendar
Scheduling working days, holidays and working hours for accounting.
06Business trip expense rates
Expense limits, reporting requirements and practical guidance for business trips.
07NACE classifier
Selection of economic activity codes for company registration and changes.
News
Short, practical information for management about taxes, reporting and accounting changes in Latvia.
Work in the summer
Summer employment for school students in 2026
Practical guidance for employers and parents on summer jobs for school students, payroll taxes, EDS records and tax allowances.
E-commerce
€3 customs duty on e-commerce consignments
From 1 July 2026, new customs rules apply to low-value consignments arriving from countries outside the European Union.
UR
Updating the articles of association of joint-stock companies in 2026
Joint-stock companies had to update by July 1, 2026 articles of association, excluding information about the form of shares.
VSAOI
Changes to minimum VSAOI in 2026
In 2026, the procedure for minimum social contributions was clarified self-employed, employers and employees with III disability group.
2026
Tax and financial changes in 2026
The year 2026 brings several changes to companies that affect work salary calculation, value added tax, excise tax, corporate income tax and communication with state institutions.
PVN
12% VAT rate for certain food products
From July 1, 2026, a termed pilot project begins, in which a 12% VAT rate is applied to certain deliveries of food products.
UIN
UIN amendments in 2026: what you need to know about dividends
From 2026, it is available to companies under certain conditions alternative tax application model at the time of dividend distribution, however, it is not automatic and does not apply to all profits types of reduction.
EDS
Payroll tax booklet in EDS: practical guidance for 2026
The payroll tax booklet is an electronic section of EDS where an employee designates their main place of income and records the information required for tax relief.
VID
VID reorganization in 2026: what has changed for companies
In 2026, the institutional structure of the State Revenue Service changed structure: investigative functions separated in a new institution, but gambling and lottery monitoring integrated VID.
Deadlines
Preparing the Annual financial statements without last-minute stress
A qualitative annual financial statement does not start on the day of submission, but with timely verification of documents, balances and management decisions.
Forms
Documents for accounting and business operations
Documents that help accounting, personnel and economic activities in everyday life.
Labor relations
Employment contract
Form for the beginning of the employment relationship.
WagesPayroll register
Excel template for payroll control.
TimeTimesheet
For monthly working time records.
OrdersAnnual leave order
Draft of management orders.
CommandmentsBusiness trip expense report
Issuing expenses and trips.
ContractsService agreement
Draft of the basic cooperation document.
Customer reviews
Clients value clear communication, responsible control of deadlines and calm work even in difficult situations.
FAQ
Frequently asked questions about accounting services
Practical answers for companies choosing an accountant, starting a new engagement or using the FinServices calculators.
Which accounting services does FinServices provide?
FinServices provides day-to-day bookkeeping, tax returns, payroll, annual financial statements, document management, company registration support and restoration of neglected records. The exact scope is agreed after reviewing the company’s activities and document flow.
Can accounting services be provided remotely throughout Latvia?
Yes. Documents and information can be exchanged digitally, therefore daily cooperation is not limited to face-to-face work in Riga. At the beginning of cooperation, it is necessary to agree on the transfer of documents channels, responsible persons and the calendar of regular deadlines.
What to prepare before talking to an accountant?
Prepare the company’s registration details, a description of its activities, VAT status, approximate monthly document and bank-transaction volumes, employee numbers, systems used and information on any overdue filings. This helps us assess the required scope of work.
Is the payroll calculator result final?
No. The payroll calculator provides an indicative result based on the information entered. An exact calculation for a particular employee requires all applicable circumstances and supporting documents to be reviewed. An accounting service quote is prepared by a specialist after reviewing the submitted request.
What does the scope of work of accounting services depend on?
The scope depends mainly on document and bank-transaction volumes, employee numbers, VAT and other tax regimes, foreign transactions, systems used and the quality of the document workflow. Two companies with similar turnover may therefore require very different amounts of work.
How does cooperation with a new accounting client begin?
Cooperation begins with an assessment of the company’s situation and needs. We then agree on data transfer, system access, responsible contacts, document procedures and the tasks included in monthly service or a separate project.
What do special cases mean in the payroll calculator?
These are additional conditions that can affect the indicative salary calculation: a partial month, the pensioner’s allowance, holiday pay, employer-paid sick leave, bonuses, annual income thresholds and minimum VSAOI. If these conditions are not present, the basic calculation can be used without opening the block.
Can FinServices help if the company only needs one specific service?
Yes. Annual financial statements, document organisation, record restoration, payroll matters or company-registration documents can be handled as separate assignments. We agree on the scope and required information before work begins.