What are the most common mistakes that an entrepreneur can make when submitting an annual report?

The most common is a lack of knowledge and experience. Accounting according to Estonian laws and correct reporting is the most difficult part. This is because you must have a complete overview of what is happening in your company, how to register things, how to make entries correctly, what the laws are, etc.

Experienced accountants can submit an annual report in an average of one hour, of course, there are cases when it can take longer. However, a quick annual report comes only from the accountant's experience and knowledge, and from doing the job long enough to know all the necessary details.