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Our Services

Services Offered by Kumsay

Below is general information about the service areas offered by Kumsay and the main areas of work within each.

Review of financial documents and calculations

Accounting & Bookkeeping

Kumsay organizes clients’ daily accounting records within the framework of the Tax Procedure Law and Turkish Accounting Standards. Records are kept within the periods stipulated by relevant legislation and in accordance with the e-Ledger application.

Scope

  • Journal, general ledger and inventory ledger records
  • Electronic ledger (e-Defter) and e-invoice (e-Fatura) applications
  • Current account, inventory and fixed asset tracking
  • Preparation of monthly and annual financial statements
  • Periodic reporting submitted to official authorities

Tax Advisory & Tax Returns

The effects of changing tax legislation on businesses are evaluated; tax returns are submitted to the relevant tax office accurately and on time. Kumsay provides objective information within the framework of current legislation.

Scope

  • Preparation of income and corporate tax returns
  • Value added tax (VAT) and other periodic returns
  • Advance tax calculations and notifications
  • Monitoring current changes in tax legislation
  • Correspondence with the tax office and related authorities

Payroll & Social Security

From employee onboarding and termination procedures to monthly payroll processing, social security notifications and incentive applications, personnel processes are carried out in compliance with labour and social security legislation.

Scope

  • Monthly payroll calculations and wage notifications
  • Social security (SGK) entry and exit declarations
  • Preparation of monthly premium and service documents
  • Assessment of eligibility for employment incentives
  • Periodic notification obligations under the Labour Law

Company Formation & Trade Registry

From preparing the required documents for new company formations to registration with the trade registry, and notifying relevant authorities of changes to existing companies (address, ownership structure, capital, name, etc.), the entire process is managed.

Scope

  • Preparation of company formation documents
  • Trade registry registration and announcement procedures
  • Amendments to articles of association and capital changes
  • Branch and address change notifications
  • Chamber registration and annual activity declarations

Financial Audit / Reporting Advisory

Companies’ financial statements are evaluated within the framework of relevant standards; objective reports are prepared to support management decisions. The process also includes advisory on strengthening internal control mechanisms.

Scope

  • Review of financial statements for compliance with legislation and standards
  • Advisory on establishing management reporting systems
  • Assessment of internal control processes
  • Preparation for independent audit
  • Periodic financial analysis reports

Would you like more information about our service areas?

Our team is happy to provide information about the scope of services your business needs.

Contact Us