Accounting Services in Bulgaria

 

We are independent providers of accountancy, tax, corporate and financial advisory services to private clients, corporates, professional practices and non-profit organisations. Our practice is focused on servicing and advising foreign investors and foreign companies and starts-up that step onto Bulgarian market. Unlike most of the Bulgarian accounting companies, we have a lot of experience in dealing with foreign clients and their specific issues in Bulgaria such as management reporting to a foreign mother company, hiring foreign people, international tax issues, international mergers and acquisitions, etc.

 

Our clients’ portfolio

consists mainly of small and medium sized corporations based in their home countries or in Sofia and Plovdiv regions in Bulgaria and doing business in the following fields:

  • International trade (export and import)
  • Transport
  • Manufacturing
  • Non-banking financial institutions
  • Real estate construction and development
  • Tourism and catering

 

Why choose us

  • We customize each project to the specific needs and objectives of the individual client – we don’t offer pre-packaged solutions
  • We always reply the same day or on the first working day
  • We provide high level of expertise, deep knowledge of Bulgarian Accounting, Trade, Tax and Financial Legislation
  • We offer our clients clear payment policy at most competitive rates ; we work at fixed monthly rates with no hidden costs and additional expenses for the client

 

Accounting and business administration services:

1. BOOKKEEPING & ACCOUNTING

  • Design the company’s accounting policy, valuation methods and ledger accounts
  • Maintain the sales and purchase ledger
  • Keeping of accounting registers
  • Monitoring and control of cash flows

 

2. COMPLIANCE & STATUTORY REPORTING

  • Company’s annual financial statements
  • Corporate and personal tax returns
  • VAT compliance accounting, including Intrastat
  • Statistical office reporting
  • Central Bank reporting
  • Internal audit

 

3. MANAGEMENT ACCOUNTING AND REPORTING

  • Monthly or quarterly reporting and closing in an agreed format
  • Cash flow forecasting
  • Profit and loss statements
  • Balance sheets

 

4. MANAGEMENT OF FIXED ASSETS

  • Maintenance of fixed assets ledgers
  • Calculation of depreciation rates

 

5. PAYROLL

  • Provide payroll accounting for all types of employees
  • Produce payroll calculations, calculating of pension and health care contributions
  • Prepare reports to the local authorities as required by local law and all reporting relating to pensions, sick leaves, etc.

 

6. HUMAN RESOURCES

  • Managing labour and freelance contracts, advising on the type of recruitment
  • Maintenance of employee’s personal files and work records
  • Issuing of work certificates
  • Preparation of statistical reports as required by the labour code
  • Ensure that client is kept up to date with changes of labour legislation

 

7. TAX PLANNING & OPTIMISATION

  • Tax advice and consulting
  • Preparing tax returns
  • Corporate income tax compliance
  • Indirect tax compliance
  • Consultations for implementation of Double Tax Treaty Conventions
  • Tax appeal procedures

 

8. VAT

  • VAT registration
  • VAT planning and administration
  • Preparation and submission of VAT returns to the relevant tax offices on monthly basis
  • VAT refunds

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