CONCORDAT CONSULTANCY

Concordat Consultancy – Boomerang Effect

In the business world, firms can grow by turning crises into opportunities and evaluating risks, as well as ending their commercial lives by bankruptcy. In the case of bankruptcy, the company’s capitalists, creditors, customers, vendors, workers and all parties involved in the business are damaged. We call this situation “Boomerang Effect”.

With the “Concordat Organization”, it aimed to protect the well-intentioned company owners and officials. If the concordat process is carried out by expert consultants, it will have positive results for business and business stakeholders.

BUMERANG AUDIT, with its “Certified Public Accountant”, “Lawyer”, “Independent Auditor”, and “Independent Accountant Financial Advisor” and “Concordat Consultancy” Services, is with you as in your “GOOD DAYS”, also stays with you in your “BAD DAYS” when you want to end your commercial activities.

Independent Audit and Internal Control Services

• Independent audit in accordance with International Financial Reporting Standards (IFRS)
• Independent audit in accordance with the Turkish Capital Markets Board legislation
• Preparation of independent external audit studies and reports for private audit
• Audit and risk assessment in accordance with International Internal Audit Standards
• Carrying out works for the establishment of internal control systems or revision of the existing system and subjecting the system operability to continuous control within the scope of the reports prepared

Entrepreneurship and Incorporation

Bumerang Audit;

listens to you, understands.

National and international bilateral agreements, ensure the correct determination of the type of company , which are most suitable for you within the framework of the provisions of trade, tax and social security legislation, offer you to evaluate the liabilities and tax differences that will be encountered. In addition to knowing the basic features of each company type, it also conveys the experience and knowledge to you to decide by considering the advantages and disadvantages of the companies.

It informs you clearly of self-employment, association, foundation, cooperative, sole proprietorship, ordinary partnership, joint-stock and limited company liability, whichever is the most correct and advantageous for you and your family, and manages the whole operation in a way that allows you to benefit from grants and government incentives that are suitable for your decision.

Grant, Incentive and Credit Services

• Feasibility studies,
• Obtaining investment incentive certificate,
• Preparing a feasibility report for obtaining an investment incentive certificate, carrying out all procedures for obtaining a certificate,
• Investment incentive certificate closure,
• Preparation of the documents required for obtaining an investment completion visa, writing a report about the exchange rate and interest and closing the document, and following the closing procedures,
• Consultancy for loans,
• Researching for obtaining credit, researching where and how low-interest credit can be obtained according to the line of business, preparation of credit-related reports and financial statements,
• Government support in investments,
• Some investments are supported by TUBITAK, up to 60% of the investment. carrying out studies on these, calculating the money to be received as a support, preparing a report for the amount of the support,
• Use of İZKA, KOSGEB and similar funds for SMEs

Click for KOSGEB Incentives.

CORPORATE GOVERNANCE AND FINANCIAL CONSULTANCY SERVICES

• Providing necessary audit services on privatization and public offering issues
• Company valuations,
• Mergers with foreign organizations,
• Counseling on purchasing issues
• Design, preparation and development of company annual reports
• Preparing reports for company profitability and cost analysis
• Preparation of company budget and long-term business plans
• Consultancy services in finding project financing and equity financing
• Consultancy services in company division, merger and acquisition Transactions
• Preparation of non-public companies for independent auditing
• Transparency report and Corporate Governance compliance reports
• Credit rating studies
• Institutionalization and public offering of family businesses
• Executive board membership services

Tax Consultancy Services / VAT Refund

• Continuous tax advice
• Services for international tax planning
• Taxes, consultancy, company establishment etc. of Turkish people and institutions doing business abroad. follow-up of their activities
• The foreign supply of all necessary documents and permits for investors in Turkey and tracking </ li>
• VAT planning and domestic / international VAT refund transactions

CERTIFICATE SERVICES

1. NON-INDIRECT TAXES

Income and Corporate Tax

• Annual Corporate Tax Return and financial statements attached to them
• Income Tax
• Annual Income Tax Declarations and attached financial statements and notifications

2. INDIRECT TAXES

Value Added Tax

• Procedures and documents that give the right to return
• Resulting from export exception
• From discount rate
• VAT postponement-abandonment procedures according to Inward Processing Permit Certificate

Special Consumption Tax

• Special Consumption Tax production postponement-abandonment report
• Special Consumption Tax returns and offset transactions

3. INCENTIVES, DISCOUNTS, EXCEPTIONS AND EXEMPTIONS IN THE FINANCIAL LEGISLATION

• Investment discount
• Earnings exemption from education, sports and health investments
• Granting exemptions to Associations, Facilities, Foundations and Cooperatives
• Turkey made by the scientific and technological research institution R & D to help support operations </ li>

4. SPECIAL PURPOSE REPORTS

• Financing reports on loans
• Examination of the accounts and transactions of organized industrial zones
• Reports on the addition of equity to capital
• Report on the SSK conflict document

Budget and Reporting Services

With professional budgets and regular reporting systems designed appropriately in your fields of activity, shareholders and managers will effectively evaluate the performance and efficiency of each unit of the company, the company’s profitability and cash-generating capacity.

Reporting Services

• All kinds of financial reporting; management reports, budget, cash flow etc. preparation of tables (US GAAP, IFRS, Consolidation reports etc.),
• Other jobs and reports we can undertake on demand.
• Preparation and Presentation of Monthly Board of Directors Reports
• Harmonizing the Account Plan with the Budget
• Establishment, follow-up and interpretation of the sector-specific budget system
• 3, 5, 10 Years Business Plan Studies and Presentation

Payroll Services

• Payroll preparation services,
• Preparation of payroll envelopes and payment orders,
• Preparation and declaration of SSI declarations and concise declaration,
• Ensuring and monitoring the payment payments properly by the bank

INFORMATION SYSTEMS ORGANIZATION AND SUPERVISION SERVICES

1. Information Systems Independent Auditing Services

Within the scope of our Information Systems Audit Services, “General Controls” and “Application Controls” related to the main process areas under “Planning and Organization”, “Procurement and Implementation”, “Service Delivery and Support” and “Monitoring and Evaluation” are audited. and Information Systems Management Processes maturity levels are determined and reported.

General Control Areas Audit Services

“Planning and Organization” Main Process Area

• Defining the Strategic Information Systems Plan
• Defining Information Architecture
• Determining the Technological Aspect
• Defining Information Systems Processes, Organization and Relationships
• Management of Information Systems Investments
• Communication of Goals and Instructions of Management
• Human Resources Management
• Quality Management
• Information Systems Risk Assessment and Management
• Project Management

“ Procurement and Implementation” Main Process Area

• Determination of Automation Solutions
• Application Software Development and Maintenance
• Creation and Maintenance of Technology Infrastructure
• Providing Operation and Usage
• Meeting of Information Systems Resources
• Change Management
• Application and Accreditation of System Solutions and Changes

“Service Delivery and Support” Main Process Area

• Service Levels Definition and Management
• Management of Third Party Services
• Performance and Capacity Management
• Ensuring Service Continuity
• Ensuring System Security
• Determination and Distribution of Costs
• Training of Users
• Service Delivery Management and Incident Management
• Configuration Management
• Problem Management
• Data Management
• Physical Environmental Management
• Operations Management

“Monitoring and Evaluation” Main Process Area

• Monitoring and Evaluation of Information Systems Performance
• Monitoring and Evaluation of Internal Control
• Ensuring Compliance With Relevant Legislation Including Internal Audit Procedures and Principles
• Providing Corporate Governance Regarding Information Systems

Application Controls Audit Services

Application controls audit includes auditing and evaluating the effectiveness and adequacy of various internal controls, such as identifying, producing, using, ensuring integrity and reliability of data contained in Information Systems and used to carry out or support activities, and authorizing access to data.

• Data Preparation Procedures
• Document Approval Procedures
• Document Collection Procedures
• Incorrect Document Correction Procedures
• Document Retention Controls
• Data Entry Approval Procedures
• Accuracy and Integrity Checks
• Incorrect Data Entry Correction Procedures
• Data Processing Consistency Checks
• Data Processing Verification and Validation Controls
• Data Processing Errors Correction Procedures
• Report Generation and Custody Controls
• Report Delivery Procedures
• Report Reconciliations
• Report Verification and Error Correction Procedures
• Security of Sensitive Reports

2. Information Systems and Process Management Consulting Services

Management of Information Systems and Processes Our Consultancy Services aims to achieve general control objectives regarding the sub-processes under the main process area of ​​Planning and Organization, Procurement and Implementation, Service Delivery and Support, and Monitoring and Evaluation.
Our services are designed to improve and / or improve the Information Systems processes of organizations. It is carried out in five stages. The aim is to improve the processes and raise them to a higher level of maturity within the scope of each relevant application cycle.

Determining Needs

• Raising Awareness and Providing Top Management Support.
• Determination of Scope.
• Identification of Risks.
• Resource Needs and Determination of Work Products.
• Planning. </ Li>

Identifying Solutions

• Assessment of the Current Status.
• Determination of target maturity levels.
• Analysis of Differences and Determination of Solutions.

Scheduling

• Defining Projects.
• Development of Implementation Plans.

Applications </ strong>

• Implementation of Improvements.
• Monitoring Application Performance.

Review

• Reviewing the Effectiveness of Applications.
• Ensuring Continuity.
• Determining New Needs.

COMPANY LAW CONSULTANCY SERVICES

• Tax Law
• Company Law
• International Law
• Labor Law
• Commercial Law
• Giving written opinion on tax law issues
• Consultancy in company transfer and merger transactions
• Consultancy in company liquidation transactions
• Company establishment services consultancy
• Consultancy of branch establishment transactions
• Liaison office establishment process consultancy
• Company division (partial division – full division) and share exchange transactions consultancy
• Company kind of change operations consultancy
• General assembly, capital increase and capital reduction transactions consultancy
• Company main contract amendment
• Compromise and conflict
• Legal and tax consultancy in real estate purchases
• Supervision, expertise, trustee and arbitration
• Company acquisition and share transfer transactions consultancy
• Reviewing and drafting contracts

TRANSFER PRICING SERVICES

A- Legal Regulation

Within the framework of the Transfer Pricing application that came into force as of 01.01.2007 with the mentioned regulations; If the institutions make purchases or sales of goods or services with the related persons over the price or price determined by them in contradiction with the principle of compliance with the peers, the profit will be deemed to be implicitly distributed through the transfer pricing.

On the gross amount of earnings deemed to be implicitly distributed via transfer pricing, the penalty for Corporate Tax / Income Tax (Value Added Tax, Customs Tax), depending on the distribution of profits, also for the status of the Income Tax Withholding tax and the shareholder who is considered to have earned a dividend. According to the penalty Income Tax assessment may be in question.

B- Preparations Required by Taxpayers

• The taxpayers primarily analyze their business processes and economic data, carry out their trade-related peer price or profit margin determination studies (Benchmark Analysis) with their related persons, create transfer pricing strategies, create their strategies, structural business changes in the market, they need to periodically revise the changes in the organizational structure, and make certification to prove that the trade with the related persons is done at a price or price equivalent to peers.

• Corporate taxpayers fill in “ TRANSFER PRICING, CONTROLLED FOREIGN INSTITUTION and COVERED CAPITAL FORM ” related to the transactions or purchases of goods or services with their related persons. in the attachment of the tax return, they must send to the tax office.

• Up to the period of filing of the corporate tax declaration, regarding the domestic and foreign transactions of taxpayers registered with the Taxpayers Department of the Great Taxpayers and domestic transactions abroad with the related persons within an accounting period, ” ANNUAL TRANSFER PRICING REPORT “and it is mandatory to submit it to the Administration or those who are authorized to conduct tax examinations after this period expires.

Our Services for C- Transfer Pricing

Our company; It offers the following services to identify the financial risks that customers may encounter due to the application of Transfer Pricing and to minimize the identified risks.

• Firm process and function analysis studies, comparison studies using special AMADEUS program database etc. Establishing a transfer pricing strategy.
• Revising the transfer pricing strategy taking into account structural business changes in the market and changes in the firm’s function or organizational structure.
• abroad from headquarters </ strong>, an established transfer pricing policy exists, these policies and defined methods to Turkey adaptations. </ Strong> </ li>
• Analysis of companies’ current transfer pricing practices, certification process of group transfer pricing practices, analysis and identification of risks.
• Preparing the method determination request for a certain period by applying to the Administration together with the necessary information and documents, and managing the pre-agreement process.
• Regarding any transfer pricing disputes, Support services before the Revenue Administration and at the judicial stage.
• Preparation of “Annual Transfer Pricing Report” to be submitted to the Administration or those authorized to conduct tax examinations, if requested

İZKA FINANCIAL SUPPORT PROGRAMS PROJECT CONSULTANCY SERVICES

Our company produces professional solutions within the scope of financial support programs with a customer-oriented approach.

– PROJECT DEVELOPMENT CONSULTANCY

– PROJECT IMPLEMENTATION CONSULTANCY

– GRANT CONSULTANCY

İZKA 2018

İzmir Development Agency has launched two new financial support programs as of December 29, 2017. Within the framework of two new financial support programs created to cover all of İzmir, 15 Million TL and Small Promotion for Social Cohesion for 15 million TL and It is aimed to utilize 10 Million TL and a total of 25 Million TL to the Scale Infrastructure Financial Support Program through successful projects. </ p >

Financial Support Program for Protection and Survival of Cultural Heritage click for details. </ a >

Small Scale Infrastructure Financial Support Program for Improving Social Cohesion click for details. </ span> </ p>

Development Agencies Management System (KAYS) will be used to make project applications for 2017 Financial Support Programs. Project applications for both programs must be made by the Development Agencies Management System (KAYS) until March 22, 2018 at 17:00 and completed by the signature of the undertaking produced by KAYS system by e-signature until March 29, 2018 at 17:00. . As of 17:00, the system will automatically shut down and no changes or postings can be made afterwards.

It is essential to sign the undertaking by e-signature. In cases where the undertaking is not signed by e-signature, the undertaking must be prepared by the applicant with a wet signature and delivered by hand or by mail until March 29, 2018, 17:00 hrs. You can get information from our team for information about the application method and the method to be followed.

Information meetings will be held in various districts for the promotion of the programs. These meetings will be open to the public and no registration is required.

Accounting and Financial Advisory Services – Outsourcing

Our aim is to create an accounting system that meets the requirements required by the legislation and at the same time has the capacity to transfer healthy and continuous information to the management. The firm is externally supported by the accounting departments partially or completely outsourced. It is an alternative to the establishment of the accounting department and the necessity to invest in issues such as computers, personnel and expensive accounting programs. At the same time, all your accounting and payroll needs will be under the control of our expert team, who will always be with you with their technical knowledge, experience and professional skills.

In addition, regular tax checks are carried out and reports are prepared to inform company management of accounting errors that may result in tax penalties. In addition, regular reports will be sent to your e-mail address, as well as information about accounting practices, recent changes in Taxes and Labor Laws.

In general, our aim is to provide external support to partially or completely load your company’s accounting and financial functions so that you do not have to focus on issues outside your core business and activity.

Within the scope of partial outsource, you can take advantage of any of the following accounting, finance, reporting, payroll or personnel services, or you can receive all these services in the form of accounting, payroll and financial services;

Accounting Services

• Establishment of Accounting and Cost systems and organization of related departments.
• Bookkeeping service to be undertaken by our foreign-speaking and non-speaking personnel.
• Keeping official books, making year-end closings.
• VAT, Concise, Stamp Duty, Quarterly-Annual Corporate Tax Return, etc. declaration, delivery of accruals

Accounting Revision Services

• Ensuring compliance of company accounting records with the generally accepted accounting principles and the Tax Procedure Law
• Ensuring compliance of legal books with VUK and TTK
• Issuance of Tax Declarations or control of the statements prepared by the company

HUMAN RESOURCES CONSULTANCY SERVICES

• Collaborating with companies to harmonize human resources practices’ mission and business strategies
• To ensure that companies achieve perfect job performance through employees
• Providing services in all areas of human resources and organizational activity with topics such as learning and performance management by our experts
• Preparation of job descriptions of company employees
• Designing a Wage Management System
• Employee Satisfaction Survey
• Performance Evaluation
• Designing a Performance Management System
• Career Management and Organizational Backup

SOCIAL SECURITY LEGISLATION CONSULTANCY

• Opening SSK file
• Execution of personnel entry and exit processes
• Preparation of payrolls
• Editing monthly declarations.
• Follow-up and finalization of Bağ-Kur transactions.
• Retirement transactions follow-up and finalization.
• Follow-up and finalization of private construction SSK operations.
• Labor Law Consultancy
• Getting a certificate without attachment,
• Calculating the workmanship of the finished constructions, obtaining a certificate from SSK and obtaining the construction permits from the SSK by preparing a report to include only the workmanship or material workmanship in the calculations,
• Resolution of guarantees related to tenders,
• Calculating the workmanship of the constructions made with the tender, obtaining building permits and obtaining the unlicensed certificate from SSK, obtaining building licenses and resolving the guarantees in the tender authorities, by preparing a report for including the purchase invoices and pure workmanship or material workmanship in the calculations,
• Appeals against penalties imposed by SSK,
• Investigating the penalties imposed by SSK, making unfair administrative fines subject to litigation, preparing appeals and defenses, following up the transactions,
• Problems with occupational accidents,
• Advocacy, follow-up of compensation cases due to work accidents,
• Problems with layoffs,
• Advocacy and follow-up of cases related to layoffs,