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The ease you need!
Experience with foreign companies from incorporation to accounting routine.
We work with:
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Some aspects are specific to Brazil, it is essential to rely
on a Brazilian company with expertise in local accounting/tax routines and also in foreign companies!
Main complaints:
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Concern about deadlines
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Language barrier
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Level of detail in reports
With Bernhoeft:
You have a team of accounting experts, fluent in English, divided into focused cells, with extensive experience in foreign companies from incorporation to day-to-day routines.
Expected benefits:
• Peace of mind of not incurring tax problems and avoiding fines.
• Be sure that you have opted for the best tax regime, the minimum amount of taxes as legally possible
• Rely on a proactive consultancy that priorities customer success.
• Assistance in financial management with relevant information about your business.
• Focus on the core activity of your company, avoiding excessive time spent on burocracies and backoffice activities.
Our services:
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Accounting
• Register company’s monthly operations based on the information provided;
• Perform monthly analyses and reconciliation of the outstanding accounting balances;
• Prepare monthly balance sheet in local currency in Portuguese in accordance with the applicable Brazilian accounting standards and principals;
• Prepare periodical reports in English;
• Prepare annual financial statements in Portuguese, comprising of balance sheet, P&L statement and Statement of Changes in Shareholder’s equity in local currency;
• Attend government inspection.
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Taxes
• Keep tax books up to date;
• Calculate and determine based on the current tax legislation;
• Prepare and file ancillary obligation related to Federal and Municipal spheres;
• Responding to queries, performed preferably by e-mail;
• Attend government inspection.
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Payroll
• Process monthly payroll data (payment of overtime, commissions, loans, etc.)
• Prepare monthly payroll run and calculate social security, government severance contributions and withholding tax (INSS, FGTS and IRRF);
• Prepare ancillary obligations to send to the government as e-Social, SEFIP, RAIS;
• Calculate 13th salary amounts (1st and 2nd installments);
• Prepare tax payment forms levied on 13th salary (INSS, FGTS and IRRF);
• Compute monthly accruals for vacation pay and 13th salary, per employee;
• Manage employee`s benefits;
• Attend inspections.
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Financial departament
• Proceed with payments on banking online after contractor`s approvals;
• Accounts payable control by preparing A/P aging list;
• Accounts receivable control by preparing A/R aging list;
• Financial reports of cash flow and accounts payable;
• Issuance of invoices.
Points to pay attention to:
There are some peculiarities involving operations between headquarters and subsidiary/branch and, to succeed, avoiding tax contingencies, you must be aware
of those rules and trust a company with experience in the subject.
They are:
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Social
capital
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Mutual between companies
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Service provision between
companies
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Transfer
pricing
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