3 recommendations for small business owners on submitting annual reports securely

The deadline for submitting annual reports is approaching, along with increased risk of online fraud. MKM sector head Viktoria Bõstrjak-Butorina explained how to submit your report quickly, affordably and securely.

The annual reporting season brings not only bureaucratic obligations but also increased risk of online fraud for small businesses operating in Estonia. MKM sector head Viktoria Bõstrjak-Butorina shared practical advice on how to meet the deadline safely.

Scammers exploit the deadline

As the reporting deadline approaches, web fraudsters become more active, attempting to deceive business owners with fake messages and deceptive websites. For this reason, it is crucial to be particularly careful about which channels are used and who you trust with your information.

The main advice from experts is to use only official and reliable platforms, primarily the state's e-business register. All official notifications from the state come from verifiable sources and will never require you to enter banking details or passwords via email.

Quick and affordable submission is possible

Today, small business owners have more convenient solutions than ever before. Reports can be submitted directly from accounting software, which significantly simplifies the process and reduces the risk of errors. Many popular accounting software programs allow data to be automatically transmitted to the e-business register.

The third recommendation concerns timing: reports should not be left until the last minute. As the deadline approaches, this creates greater strain on both systems and accountants, which can lead to delays and additional costs.