ACCOUNTING, PAYROLL AND TAXES IN BRAZIL
Tax calculation (monthly, quarterly and yearly),
Tax support, information and alerts,
Preparation of official periodic accounts,
Reporting with Group template in English,
Filing necessary information and records with the local and federal authorities
Production of monthly Financial Statements, according to the Brazilian standards and possibly the IFRS (only a very limited number of companies must apply IFRS in Brazil, however if you have significant operations in Brazil, you will apply IFRS to your local company
Regardless of your company’s activity, you will need to issue various monthly tax statements. Federal taxes and ICMS are subject to monthly disclosures, failing to do so is sanctioned by fines. BPC Partners will take on that responsibility.
TAX CALCULATION (MONTHLY, QUARTERLY AND YEARLY)
You should expect to pay Federal taxes (PIS, COFINS, IPI, IRPJ, CSLL and IOF) and local taxes (mainly ICMS and ISS) every month. BPC Partners will calculate taxes and explain them.
TAX SUPPORT, INFORMATION AND ALERTS
Brazil is ranked among the top 10 most difficult tax systems. The first and most important tax decision you will make is selecting the correct tax regime (Real, Presumido or Simples). BPC Partners can help you with that.
On top of issuing payment slips, calculating social charges and withholding income tax, BPC Partners will organize the hiring of new employees. In addition, we help in selecting the most tax efficient legal form of paying employees and managers (CLT contract, Pro-labore, legal entity etc.)
PREPARATION OF OFFICIAL PERIODIC ACCOUNTS
The law requires the electronic filing of all accounting entries through a system called SPED. In addition, a yearly General Assembly within four months of the closing date is required.
REPORTING THROUGH YOUR GROUP TEMPLATE IN ENGLISH
Our staff can transform Brazilian accounts into your Group template, in English, and add some comments. When the local CEO wants to save time to focus on developing the business, we take on the responsibility. Numbers are verified and controlled on a monthly basis.
FILING NECESSARY INFORMATION AND RECORDS WITH THE LOCAL AND FEDERAL AUTHORITIES
Among other things, financial statements and general ledgers will be signed by a qualified accountant and filed with the authorities.
LEGAL REPRESENTATION IN BRAZIL
Legal representation of stakeholders,
Legal representation of your Brazilian subsidiary (Administrador),
Legal headquarters for companies in a prestigious address in downtown Fortaleza or São Paulo.
LEGAL REPRESENTATION OF STAKEHOLDERS
When doing business in Brazil, a foreign company must permanently maintain a legal representative with powers to sign on behalf of the foreign partners, solve issues related to the business, respond in a legal capacity, and receive summons on behalf of the company overseas. This appointed legal representative does not necessarily have to be a Brazilian, nor is a Brazilian partner required. However, if the legal representative is a foreigner he/she must be resident and domiciled in Brazil with a permanent visa.
LEGAL REPRESENTATION OF YOUR BRAZILIAN SUBSIDIARY
The Brazilian « Administrador »
The CEO/General Manager (Administrador in Portuguese) of your company must be an individual with permanent residence. We can take on this responsibility; however, it must remain non-operational. It can be short-term in case your soon to be CEO is in the process of getting a permanent visa, or long-term in case you do not have an expat to manage your local company and wish to have a trustworthy professional to control and secure your operations in Brazil.
The Administrador may be, but does not have to be a shareholder. The shareholders, who may attribute a specific designation to the Administrador, make his appointment. The manager’s roles and responsibilities are set forth in applicable legislation and the company’s articles of association.
LEGAL HEADQUARTERS FOR COMPANIES
A prestigious address in downtown Fortaleza or São Paulo.
If your company sells services, it can be officially based out of our addresses in São Paulo or Rio de Janeiro (Industrial and Commercial/Trading companies must have their own address and cannot share a common address). Our addresses are in the commercial district of Fortaleza or São Paulo.
FINANCIAL AUDIT IN BRAZIL
Accounting and financial audits,
Corporate Governance audit,
WHICH COMPANIES MUST ADOPT ACCOUNTING AUDIT SERVICES?
The following companies must submit their financial statements for review of independent auditors:
Sociedades Anônimas (SAs)
Large corporations, with revenues exceeding BRL 300 million, or total assets exceeding BRL 240 million comprising both SAs and Ltdas.
Financial Institutions (banks, brokers etc.)
Public or Private foundations considered public interest
Companies subject to national regulatory agencies, such as ANEEL (Brazilian Electricity Regulatory Agency), ANATEL (Brazilian Agency of Telecommunications), ANAC (National Civil Aviation Agency), among many others
Philanthropic entities raising more than BRL 2.4 million per year
The rules guiding the accounting audit services in Brazil are known by the acronyms « NBC Ts» (numbers 3, 4, 6, 8, 10, 11 and 12) and NBC Ps (numbers 1, 2 and 3). The Brazilian regulatory accounting agencies, the CFC (Brazilian Federal Accounting Council) along with its state bodies, and IBRACON (Brazilian Institute of Independent Auditors) developed these guidelines.
AUDIT SERVICES DELIVERED BY BIS
Accounting and financial audits
Regulatory or internal audit to verify the Balance Sheet and the Profit and Loss statements.
Verify the accounting value of your target.
Assess and improve your process, organization, and efficiency.
Corporate Governance Audit
Review and improve strategic and key topics such as Corporate Governance.
Independent opinions of financial/accounting issues related to the enforcement/non-enforcement of agreements.
Verify the correct use of internal procedures, as well as analyze their efficiency.
BIS caters to your specific needs, regardless of the scope or topic.
BUSINESS AND FINANCIAL CONSULTING IN BRAZIL
Part time CFO,
Budgeting and budget monitoring,
Implementation and monitoring of the accounting department,
Businesses require expertise and experience to drive profitable, sustainable growth. As your Part-time CFO, we identify new growth strategies and provide methods to reduce costs to improve your business’ profitability, at a fraction of the cost of a full-time CFO.
BUDGETING AND BUDGET MONITORING
Budgeting helps you spend less than you earn. It shows you where your spending weaknesses are and provides the framework for strengthening those areas.
Your local CEO in Brazil cannot spend too much time on accounting and taxes. The CEO must develop the business; therefore, a Financial Consultant will be the best solution to get things done perfectly at a low cost.
We provide consulting on data and evaluation methods for individuals, teams, and organizations. From operational processes up to corporate governance.
BPC Partners advise companies in relation to their efforts in achieving their objectives and their strategic, financial and operational goals: risk management, business process analysis, optimization of the organization, development of management control indicators;
When you implement internal control components into your management strategy, you not only deter fraudulent behavior, you help improve the overall quality of your financial statements, which could result in improved transparency, fewer external audit findings, not to mention additional growth and sustainability.
Cost cutting refers to measures implemented by a company to reduce its expenses and improve profitability. Cost cutting measures may include laying off employees, reducing employee pay, switching to less expensive employee health insurance, downsizing to a smaller office, lowering monthly bill amounts, changing working hours and restructuring debt.