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15 results Lessons 15

1. Lesson · Level 2

   Annual paid leave: who is entitled, when, and to how many days

   A person who has worked at least one year, including the probation period, is entitled to annual paid leave. Someone with between 1 and 5 years of service (5 included) gets at least 14 days, someone with more than 5 and …

2. Lesson · Level 2

   Sick reports and excused leave: who pays what

   For a sick report, SGK pays the temporary incapacity allowance to an employee who meets the conditions, starting from the 3rd day of the report. For this, the employee must have had at least 90 days of short-term insuran …

3. Lesson · Level 2

   When an employee leaves: notice, severance pay, the SGK notification, the final settlement

   … 2 hours of paid leave a day to look for a job (art. 27). The notice period and annual leave cannot be made to overlap (art. 59). Count your last two weeks as leave doesn't work. An employee who resigns also follows thes …

4. Lesson · Level 2

   Paying wages and the timesheet (puantaj): from month end to the tax return

   Under the Labour Law (İş Kanunu), the wage is paid at least once a month. With every payment, the employer gives the employee a pay slip (ücret hesap pusulası). Over the month, write the days worked, on leave, on sick re …

5. Lesson · Level 4

   Cash conversion cycle: how many days until receivables and stock turn into cash?

   … s How many days on average does the customer take to pay? Average receivables ÷ annual sales × 365 Stock days How many days on average do the goods wait on the shelf? Average stock ÷ annual cost of goods sold × 365 Payab …

6. Lesson · Level 4

   For those keeping a business book: the business account summary

   The business account summary (işletme hesabı özeti) is the year-end statement of a sole proprietorship that keeps a business book. On one side are opening stock, purchases during the year and expenses; on the other are s …

7. Lesson · Level 2

   Overtime, the weekly day off and holidays: how pay changes

   … costs more. Why is the employee's consent needed for overtime, and what is the annual limit? What is paid when someone works on a Sunday or a holiday? Yusuf Usta the car mechanic's winter month When winter comes, Yusuf …

8. Lesson · Level 5

   Profit share distribution: who decides, and how much withholding tax is deducted?

   In a limited company, profit shares are distributed only from net profit for the period and from reserves set aside for this purpose, by a decision of the general meeting of partners (ortaklar genel kurulu) (TTK art. 608 …

9. Lesson · Level 4

   The year-end checklist: from December to July

   In December, prepare for the count and for the receivables and fixed asset (demirbaş) lists; on 31 December stock, cash and bank are counted; in the first week of January the file goes to your mali müşavir. The last prov …

10. Lesson · Level 5

    The bad-month scenario and the cash reserve: if money runs short, which payment comes first?

    … overtime for two months, and leave can be moved into this period. Overtime and annual leave have their own rules; you saw them in the lessons Overtime and Annual paid leave. A bad month that is talked about openly loses …

11. Lesson · Level 2

    What an employee really costs you

    … fety service, your mali müşavir's payroll fee, and who will run the shop during annual leave also go into the calculation. Don't forget the severance and notice pay (kıdem ve ihbar tazminatı) that may arise if the employ …

12. Lesson · Level 0

    The first 30 words 2: Tax words

    … nd the account is finalised at the end of the year. Mini example: Mehmet Usta's annual profit before tax came to 400,000 lira. Income tax is calculated on this profit according to the bracket tariff; your mali müşavir do …

13. Lesson · Level 3

    Credit sales and payments: who owes you, and whom do you owe?

    … d's sale even if the money hasn't come in; it goes into provisional tax and the annual return. In self-employed professions (such as lawyers and architects) the rule is different: income arises when the money is received …

14. Lesson · Level 4

    The income statement line by line: from sales to net profit

    … p's statement usually ends with profit before tax; the tax is calculated on the annual income tax return. Net profit for the period 250,000 − 62,500 = 187,500. This is the company's earnings for this year. But it is not …

15. Lesson · Level 5

    Updating prices under inflation: passing cost increases on to your prices

    … g to your own costs, and use the CPI only for comparison. In long-term work (an annual maintenance agreement, regular sales to a wholesaler, catering for companies), write into the contract which index the price will be …