Due to the complex nature of Turkish tax law, foreign investors and local companies alike seek to utilize the services of tax experts in order better navigate the regulations and avoid risky cases. Consulting with such experts regarding taxation and statutory requirements protects individuals and companies from facing legal action and harsh penalties which could falter the success of their endeavors.

Putting aside the difficulties created by highly dynamic legislation, the intentions behind these changes are to cultivate an environment of fair competition and boost intercompany relations along with international trade. One of the driving factors behind these changes is the effort to harmonize Turkish processes with those of the European Union by minimizing the differences in regulation and equalizing tax rates.

When considering that the tax laws of Türkiye are already complex in their current state, adding an element of constant change strengthens the argument and need for the professional assistance of expert consultants. The harsh penalties mentioned above are significantly higher than in most countries and they are applied based on an in depth analysis of the taxpayers’ activities such as checking the consistency of quarterly and annual temporary tax declarations among other controls.

Besides being exposed to the risks of non-compliance, many taxpayers that keep records of revenues or losses resulting from exchange rate fluctuations may face unexpected tax payments resulting from the accrual based accounting system used in Türkiye. In order to avoid such situations, taxpayers can utilize tax planning services so that their current and future taxation options can be analyzed, and their tax liabilities minimized. This is just one example among many of a benefit outside of the all-important statutory compliance aspect.

As a reputable and trustworthy company, IstanbulCPA and Certified Public Accountants LLC serves its clients by providing up to date consulting regarding the tax regulations and planning. The wealth of knowledge that has accumulated through our many years in the industry along with a staff of experienced CPA’s and consultants have equipped IstanbulCPA with the tools needed to satisfy and surpass the expectations of our clients. Our services will leave you with the peace of mind that comes with knowing that processes are fully compliant with regulations and every opportunity to reduce liabilities has been seized.

It is a popular idea, that in business startups, outsourcing the organizational activities such as accounting, bookkeeping, auditing, HR processes, IT & back-office setups is generally a better idea than trying to manage all by itself, due to the ability to avoid the risks of mistakes and extra costs. With our first-class accounting related services, you can be ensured that, the bookkeeping, accounting and auditing processes will be handled smoothly, and this will help you focus on the primary operations of your organization.

As the globalization increases with the improving technology in communication and its wide use, new ideas of how to run business processes become more popular for the companies and entities worldwide, which realize the needs of innovative changes. Such companies can help firms operating in various markets and sectors, to discover their needs and provide them with more effective solutions and eventually grow to be globally active.

Embracing this business model, we, as IstanbulCPA and Certified Public Accountants LLC. seek to share our expertise in the bookkeeping, accounting, tax consultancy and auditing fields particularly with our foreign clients in need of business assistance in Türkiye.

IstanbulCPA will keep the accounting records of the client necessary to comply with and in accordance with the Turkish Uniform Chart of Accounts and all other applicable laws, rules and regulations.

Our accounting services can be summarized as below:

• Corporate income & indirect tax compliance services,
• Keeping your Company books and records, preparation of all necessary monthly/quarterly/yearly returns & declarations,
• Keeping the accounting in line with Turkish Uniform Chart of Accounts, IFRS and Turkish GAAP,
• Producing Trial Balance, subledgers, statutory ledgers in Turkish and TRY, invoice format, depreciation methods & rates, etc.,
• Preparation of the client’s journal vouchers,
• Inputting all the required accounting entries to required accounting system,
• Preparation of the client’s monthly balance sheet and the client’s profit and loss statements, and other existing accounting related duties as required by law,
• Providing tax advisory services,
• Holding meetings in order to discuss your queries from tax point of view,
• Sharing our periodic newsletters and publications with your company,
• Newsletter membership regarding legislative changes,
• Consultancy on local requirements,
• Reconciliation (Account Receivable, Account Payable),
• Audit Services,
• Assistance during Tax Audit,

A part of our services includes identification, explanation, and implementation assistance for new accounting pronouncements and regulatory issues. We help our clients understand how these issues affect their business. We provide audit, tax audit, and agreed procedures tailored to fit the needs of each client. Member/partner involvement in these services ensures efficiency and accuracy in the audit services.