Our services
Bookkeeping
Monthly processing of all accounting documents including advice on any supporting documents that need to be prepared/supplied by the client;
Preparation of all required by Bulgarian law reports and financial statement: trial balances, Sales/Purchase Ledgers, VAT declarations, Corporate profit tax declarations, Intrastat, Statistical institute reporting timely submission of all documents to the relevant tax officials;
Preparation of interim and annual financial statements according to local legal requirements using national and international accounting standards using modern software and electronic signature.
Payroll processing
Review of labour and civil contracts of the employees of clients;
Employee contract registration with the National Revenue Agency;
Monthly calculation and accrual of net compensation and accrual of relevant taxes and social security dues – including employees benefit plan, bonuses, etc.;
Preparation and submission of supporting documentation to the tax and social security officials according to local legal requirements.
IFRS Reporting
Preparation of monthly/quarterly and annual financial statements in accordance with IFRS and National Accounting Standards.
Group Reporting
We assist our clients in meeting their group reporting requirements on time. This may include consolidation package preparation, group reporting packages – monthly, quarterly, annual following Clients management formats and reporting requirements.
Management accounting
Preparation of budgets, management accounts (omparison between budgeted and actual results) as well as any additional reports that may be required by management or owners.
Cash management
Preparation of bank payment documents;
Online banking;
Cash flow reporting.
Other services
Assistance to clients in the process of internal or external audit or tax checks;
IFRS training of internal teams;
Assistance in M&A or finance raising.
For your information
Reporting deadline in Bulgaria
Monthly
VAT return
By 14th day of the month following the month subject to report.
Intrastat return
By 14th day of the month following the month subject to report.
Payroll related returns
By 25th day of the month following the month subject to report.
Quarterly
Withholding tax returns
By the end of the month following the quarter subject to report.
Reports to the Central bank
By the end of the month following the quarter subject to report.
Annually
Corporate income tax return
By 30 June of the following year.
Statistical Reports on annual FS
By 30 June of the following year.
Tax returns related to personnel
By 28 February of the following year.
Submission of annual FS with the Trade register
By 30 September of the following year.
Country-by-country reporting
Before the expiry of the reporting year.