ACCOUNTING SUPPORT FOR BUSINESS (FIRM) IN BULGARIA

Accounting outsourcing of companies in Bulgaria is the best option for business owners. The cost of such accounting support is much lower than keeping your own accountant on staff.

Bulgarian legislation establishes requirements for accounting and tax reporting. Thus, every person who conducts business must keep proper accounting books and records in accordance with established international standards, annually submit tax returns and fill out other documents provided for by law. That is why bookkeeping is mandatory, and a mandatory audit must also be carried out if the company’s annual turnover exceeds 1.5 million leva.

Accounting support for activities in Bulgaria

For the correct submission of all tax and financial statements, in accordance with EU legislation, a large number of companies registered in Bulgaria use the services of accountants who are not part of the company’s staff. Since we have our representatives in the largest cities of Bulgaria, all financial and tax reports can be submitted by our specialist.

Accounting firm in Bulgaria, what are the advantages of working with it?

External accounting service in Bulgaria has many advantages, the main advantage is that, in case of incorrect submission of reports or calculation of payments, payment at your own expense of all fines issued by the controlling authority.

A Ukrainian-speaking or Russian-speaking accountant in Bulgaria, in particular in Burgas, Sofia and Varna, is our advantage over other accounting companies.

Consulting on accounting in Bulgaria in Ukrainian or Russian will simplify the understanding between you and the accountant, make it more accessible for you to understand the legislation of Bulgaria in the field of accounting and taxes.

Accounting in Bulgaria

Since Bulgaria is a member of the EU, and EU legislation sets strict requirements for accounting and tax accounting.

For this, individual entrepreneurs are required to keep books of income and expenses. At the same time, companies must keep full accounting records.

In Bulgaria, as in most countries, there are three possible accounting options.

• When a director or an individual entrepreneur independently maintains accounting. In this option, there are practically no advantages, but there are many disadvantages, in particular, insufficient time for conducting business directly, making mistakes in case of omission of novelties in the legislation of Bulgaria and the EU.
• When there is an individual who is registered as an accountant and carries out his activities in the company. In this case, a person fulfills his obligations to the firm without any problems, fulfilling his direct duty of accounting for a certain firm – this is an obvious advantage.

However, there are also disadvantages, which is a rather large salary for maintaining such an accountant, which reaches about 1 thousand euros per month, and in some cases it can be even more. Also, if the accountant does not come to work, then it is necessary to find a replacement for him, which involves additional costs. Often, one chief accountant and several ordinary accountants are hired, which implies significant costs for their maintenance.

• Accounting support (outsourcing) of business in Bulgaria

There will be no downsides if you contact real professionals who guarantee their work.

Among the advantages, you should pay attention to the following – we employ a large number of accountants of various specializations, and therefore we guarantee the performance of work at the highest level, the low cost of the service in comparison with others, answers to any of your questions that may arise during accounting . Our specialists have a high level of knowledge in many types of business.

In more detail about the last point, we provide accountant services in Bulgaria, in particular:

• Accountant in Burgas
• Accountant in Sofia
• Accountant in Varna

Accountant services in Bulgaria include:

• Accounting services for enterprises of all organizational and legal forms
• Accounting and tax audit of a company (business) in Bulgaria
• Preparation and submission of declarations and reports to tax and control authorities
• Representation of a lawyer and accountant in the tax authorities of Bulgaria
• CIT, PIT, ZUS, VAT (VAT), PFRON, NBP, GUS, declarations – preparation, verification and submission to regulatory authorities.
• Keeping personnel records, calculation of salary, payment of relevant taxes for employees, submission of personnel reports
• Import-export operations (WDT, WNT)
• Preparation of invoices and invoices
• Making bank payments
• Analysis of the financial state of the enterprise

Accounting services in Bulgaria are one of the main areas of activity of YK Prykhodko and partners, because we are familiar with EU and Bulgarian legislation in the field of taxation and financing, and therefore clearly understand how the Bulgarian tax system works and will help you choose the best tax system specifically for your business, because for each client, we have an individual approach that depends on the direction of your activity, the organizational legal form of the legal entity.