Can CPAs work in the same office?
It is permissible under professional regulations for individuals who hold a Certified Public Accountant (CPA) license and work as independent professionals to operate at the same physical address.
However, financial advisors cannot share an office with commercial companies that are not their peers. According to professional regulations, it is not possible for a CPA and a commercial company to operate at the same address.
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Can CPAs be partners in a company?
One of the questions that Certified Public Accountants (CPAs) may have or be uncertain about is whether they can be a partner in another company while working independently under the CPA title. Here are some brief questions and answers on this topic.
To summarize: CPAs who operate independently can be a partner or shareholder in a limited company or joint-stock company engaged in CPA activities. They can also be the authorized manager or board member of these companies. However, it is important that the company in which they are a partner or shareholder also conducts CPA activities. In this case, both the CPA individual firm and the CPA Ltd. or Inc. can operate together.
A person engaged in CPA activities as an independent professional cannot be an authorized manager or board member of a Ltd. or Inc. in a different line of business, but they can be a shareholder without having signing authority in commercial companies.
We want to establish a CPA company with another CPA, but can we continue our independent professional activities for another 6 months to 1 year?
Yes, you can.
I am working independently. I also want to open a CPA company. Can both be active at the same time?
Professionals with individual tax liability (GV) can establish or become a partner in a professional company.
If we, as Certified Public Accountants, are 50% shareholders in a limited company where we provide accounting services, will we be considered commercial profit earners?
Professionals can be partners in commercial companies without any share limit.
However, they cannot be managers in the company. They are not subject to commercial restrictions.
The commercial activity is conducted by the legal entity, and the responsible person is the manager.
Is there any restriction on being both the company’s CPA and auditor in a newly established joint-stock company?
Auditing of joint-stock companies was abolished with the new Turkish Commercial Code (TCC) from 2011.
Companies meeting certain conditions are subject to independent audits.
The person performing independent audits cannot simultaneously provide accounting services to the audited company.
Can a professional who operates an independent office work for another company as a Social Security Institution (SGK) employee without using the CPA title?
A professional (CPA) continuing their professional activities as an income tax taxpayer cannot work under an employment contract (dependent) with any employer, regardless of their title or position.
Can I open a tourism business in another room of the office I am renting, even though the company will not be my tenant and will rent from the main company?
A room in the office entered from the same door cannot be rented to a taxpayer engaged in commercial activities. A CPA and a taxpayer engaged in commercial activities cannot operate in the same apartment or independent section, even if in separate rooms.
However, a CPA can share the space in question with another CPA.
As a self-employed CPA, I want to establish a limited company. Can I engage in consulting, training, online sales, etc.?
Professionals can be partners in commercial companies. However, they cannot be managers (board members, chairman).
As an independent CPA, can I be a partner in a limited company?
You can be a partner in multiple commercial companies as long as you are not a manager or authorized signatory. You can provide services through professional contracts with the companies you are a partner in.
I have been appointed as a liquidator by the court. However, I am an independent professional. Can I accept this role?
As a liquidator, you represent and are responsible for the liquidation of a commercial firm, which falls under trade restrictions. Independent professionals cannot be liquidators
Source: Istanbul Chamber of Certified Public Accountants
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
