Accounting and Financial Advisory Services for Small Businesses in Turkey

Premier Accounting and Financial Advisory Services for Small Businesses in Turkey

In today’s fiercely competitive business landscape, small enterprises in Turkey are continually striving to enhance their financial management to stay ahead.

The ever-evolving legal regulations and the increasing complexity of financial operations make it imperative for businesses to manage their accounting, taxation, financial reporting, and payroll processes with utmost precision and efficiency.

Imagine a scenario where your financial operations are seamlessly managed by experts, allowing you to focus on your core business activities and strategic growth.

At OZM-CONSULTANCY, we offer comprehensive Accounting and Financial Advisory Services tailored to meet the unique needs of small businesses in Turkey.

Discover how our expert solutions can drive your business towards sustained growth, profitability, and international expansion.

Why Professional Accounting and Financial Advisory Services Matter

Streamlined Financial Operations Enhance Business Growth

• Compliance Assurance: Stay abreast with Turkey’s dynamic tax laws, financial regulations, and labor laws.

• Accurate Financial Reporting: Ensure precise financial statements and reports that reflect your business’s true performance.

• Strategic Financial Planning: Make informed decisions with expert financial insights and planning.

• Time and Cost Efficiency: Outsource complex financial tasks to save time and reduce operational costs.

• Focus on Core Activities: Allow your management to concentrate on business growth while we handle the financial intricacies.

Our Comprehensive Accounting and Financial Advisory Services

info@ozmconsultancy.com

1. Accounting and Financial Support Services

Ensuring Financial Integrity and Compliance

• Maintenance of Official Books:
  We maintain your official financial records in accordance with the Single Standard Chart of Accounts (Tek Düzen Hesap Planı) and Tax Procedure Law (Vergi Usul Kanunu) principles.

• Chart of Accounts Alignment:
  Align your group chart of accounts with the Single Standard Chart of Accounts, enabling consolidated financial statements and reporting.

• Support for Shared Service Centers:
  Assist in creating official books based on group accounting standards maintained by Shared Service Centers, ensuring compliance with the Tax Procedure Law.

• Accounting Software Implementation Consulting:
  Provide expert consultation during the setup of new accounting software, including local accounting standards advisory, chart of accounts creation, and software testing for accounting processes.

• E-Ledger and E-Invoice Support:
  Offer comprehensive support for electronic applications such as E-Ledger (E-Defter) and E-Invoice (E-Fatura), ensuring seamless digital financial operations.

• International Financial Reporting Standards (IFRS) and US GAAP Reporting:
  Deliver management reporting services compliant with IFRS and US GAAP, facilitating transparent and internationally recognized financial statements.

• Audit Support Services:
  Support your accounting and finance teams in presenting financial data to auditors during internal audits, tax office inspections, and mandatory financial audits.

• Corporate Restructuring Solutions:
  Provide swift and flexible solutions during corporate restructuring, mergers, acquisitions, transfers, and liquidations, including temporary accounting and finance personnel provision.

• Administrative Accounting Services:
  Handle various administrative accounting tasks such as invoice issuance, aging reports preparation, payment list and bank instruction preparation, and reconciliation of buyers and sellers.

2. Specialized Services for Liaison Offices

Optimizing Financial Operations for Liaison Offices

• Comprehensive Accounting and Declaration Management:
  Oversee all accounting, declaration, and payroll processes for liaison offices, and prepare annual activity reports.

• Support During Extension Processes:
  Provide assistance during the extension of liaison office durations, ensuring compliance and seamless continuity.

• Custom Activity Review Reports:
  Prepare specialized activity evaluation and assessment reports tailored to the unique needs of liaison offices.

3. Tax Services

Expert Tax Management for Optimal Compliance and Efficiency

Our team of tax professionals offers full support in preparing, submitting, and managing all tax declarations and forms electronically to the Revenue Administration.

a) Declaration Preparation Services

Comprehensive Handling of Indirect and Corporate Taxes

• Indirect Taxes:

  • Monthly Value Added Tax (VAT) Declarations

  • Monthly VAT Declarations with Responsible Status

  • Monthly Stamp Tax Declarations

  • Special Consumption Tax Declarations

  • Monthly BA and BS Forms

• Corporate Taxes and Others:

  • Monthly/Quarterly Withholding Tax Declarations (Muhtasar Beyannameleri)

  • Quarterly Corporate Interim Tax Declarations (Kurum Geçici Vergi Beyannamesi)

  • Annual Corporate Tax Declarations and Attachments

b) Control Services for Declaration Preparation

Ensuring Accuracy and Compliance in Tax Declarations

• Monthly Review of Accounting Records:
  Examine the records maintained by your accounting departments and supporting documents to prepare accurate declarations.

• Declaration and Documentation Verification:
  Verify the declarations prepared by accounting teams along with the supporting records and documents.

• Monthly Reporting of Findings:
  Present the findings from our declaration preparation and control reviews in detailed monthly reports to your management.

• Tax Payment Schedule Preparation:
  Assist in creating tax payment schedules to aid your financial planning.

• Deferred Tax Calculations:
  Support the calculation of deferred taxes in accordance with IFRS and US GAAP, and prepare related tax reports.

• VAT Refund Lists Preparation:
  Compile VAT refund lists to optimize your tax positions.

• Tax Office Registration Processes:
  Manage the registration processes with the tax office, ensuring all your business activities are appropriately documented and compliant.

Frequently Asked Questions (FAQs)

1. Why should small businesses outsource their accounting and financial advisory services?
Outsourcing these services ensures compliance with legal regulations, enhances financial accuracy, reduces operational costs, and allows businesses to focus on their core activities and strategic growth.

2. How do you ensure compliance with Turkish accounting and tax laws?
Our team stays updated with the latest Turkish tax, financial, and labor laws. We conduct regular audits, training, and updates to ensure all accounting processes are fully compliant.

3. Can you support businesses during corporate restructuring or mergers?
Yes, we provide swift and flexible solutions during mergers, acquisitions, transfers, and liquidations, including temporary accounting and finance personnel to ensure seamless transitions.

4. What sets your services apart from other accounting firms?
We offer customized solutions tailored to your specific business needs, advanced technological integration, comprehensive support across all financial aspects, and expert advisory services to drive your business’s financial success.

5. How secure is my financial data with your services?
We prioritize data security with robust encryption, secure data handling processes, and strict confidentiality protocols to protect your sensitive financial information.

Services Comparison Table

Success Stories: Empowering Businesses Through Expert Financial Management

Case Study 1: Enhancing Financial Reporting for a Growing Manufacturing Firm
A small manufacturing company struggled with maintaining accurate financial records and complying with evolving tax laws. By partnering with us, they benefited from our comprehensive accounting support services, including IFRS-compliant reporting and automated financial processes. This collaboration resulted in a 40% improvement in financial reporting accuracy and a significant reduction in compliance-related issues.

Case Study 2: Streamlining Tax Compliance for a Tech Startup
A tech startup faced challenges in managing complex tax declarations and ensuring timely submissions. Our tax services team provided end-to-end support in preparing and submitting all necessary tax forms electronically. Additionally, our control services ensured the accuracy of their tax declarations. This partnership not only ensured full compliance but also allowed the startup to allocate more resources towards innovation and growth.

Ready to Elevate Your Financial Management?

Don’t let complex financial processes hinder your business growth. Partner with [Your Company Name] to experience unparalleled Accounting and Financial Advisory Services tailored to your small business needs in Turkey.

Contact Us Today!

• Phone: +90 216 352 29 61

• Email: info@ozmconsultancy.com

• Website: www.ozmconsultancy.com

Optimize Your Finances with Expert Accounting and Advisory Services

By choosing OZM-CONSULTANCY, you’re not just outsourcing financial tasks—you’re gaining a strategic partner dedicated to your business’s financial health and growth.

Our expert services ensure that your financial operations are accurate, compliant, and optimized for efficiency, allowing you to focus on what truly matters—expanding your business in the competitive Turkish market.