Accounting Company | Accountant | Turkey
Accountant in Turkey, Istanbul
T:+90-216-706-5240
M: +90-553-406-5123
Services
Entity Incorporation
Willing to invest in Turkey?
If you will decide to invest in Turkey; opening a joint stock company, limited liability company, a branch or even a Representative Office we are here to assist beginning from scratch.
We will guide you about the necessary documents, which ones need apostil and to be notarized, which ones must be signed by shareholders etc.
We will handle the translation of your documents and submit your applications on your behalf to establish your company.
Bookkeeping
If we have incorporated your company or if you already have an active company in Turkey, you need to submit a few tax declarations; some on a monthly basis and some on quarterly and annually.
In order to submit accurate tax declaration your accounting entries must be handled properly to minimize the potential tax risks in the future.
Need a ledger, need your TB, need your AP/AR detail?
It is information age! It is even quicker at SoHo to access information thanks to our cloud based accounting software. You can reach your data 24/7
Payroll
After all, isn't it why everybody works for?
Payroll and payroll taxes are one of the most crucial issues which should be handled properly. In Turkey we have several taxes on salaries; withholding taxes, stamp duty taxes but on the other hand we have a few incentives too. Your staff should fill their staff information sets accurately hence we can calculate their net salary correctly.
We can handle the data collection from your staff, key in them to our payroll software and monitor any amendments during the year which might affect their net salaries including but not limited with bonuses and salary increases.
Advisory
We can provide Budgeting services for your company, Profitability Analysis, Cash Management, Forecasts, Valuation, IRR calculations, Due Diligence, Investment Analysis.
SoHo is definitely not just a simple local accounting company, well a local one providing all Finance related services to her customers with its English speaking staff.
Management Reporting
We know the most crucial need of Multinationals is generally to have accurate numbers from all Regions/Countries they operate.
We can provide numbers in your language!
We are aware that most of companies are using ERP systems to feed their HQ Finance teams. We are using SAP and Oracle actively to fulfil such needs and we can adopt to all software you are using quickly.
Turkish GAAP has significant differences from IFRS and US GAAP, we adjust Turkish GAAP to comply with your Group Accounting Policies!
Transfer Pricing
Turkey now has a history of transfer pricing and thin capitalization regulations for more than 10 years.
They are one of the most active topics at MoF's Tax Audits since then. Especially the transactions between foreign related parties are priority at those audits and all companies having transactions with Group Companies are required to have a report digging those transactions. It is not being submitted but must be presented to Tax Office whenever requested.
SoHo is happy to assist in transfer pricing reports and guide you about the local rules regarding both thin capitalization and transfer pricing.
Work Permit
Making relevant applications and obtaining work permit for Non-Turkish Citizens.
Translation Services
We are capable of offering Verbal and Written translation services (English-Turkish and Turkish-English) as Sworn Translators.
This will definitely speed up your process at Notary during Company Incorporation, preparing List of Authorized Signatories and any other official business which needs to be approved by a Notary.
Reporting
Preparing financial statements according to IFRS. As per companies needs and requests cost analysis reports, budget analysis, product/customer profitablity studies, board of directors reports, cash flow reports and studies and analysis in improving cash conversion cycyle