Even the best professionals in any area of life is not perfect – or at least touches perfection for some really brief moment, before realizing that everything and everybody changes. Perfection is divine and hardly ever appropriate to put in the same sentence and financial clerks. Sounds strange and even sacrilegious, but though there couldn't be more down to Earth and far from spiritual space activity than accounting, it doesn't exclude the search for perfection out of the scheme.
And although weighing what goes in and what goes out of the box, called also balance between revenue and expense, dates back probably to the times of good old Phoenicians, bookkeeping and accounting is not set in concrete and there is always something new out there. We know the tradition, we have enough experience in basics and specifics and we follow all major tendencies in our professional area. Daily and weekly update is a must for us, it is necessary because our task is to be useful to our clients.
Among wide variety of services Accountants Bulgaria offers also independent audit and future tax planning for long periods of time. Specific activity such as accounting has its niche features and pitfalls invisible to the eye of non-expert. Look for professional support if you are not aware of the details in accounting, tax breaks and penalties. Accountants Bulgaria can also help when it comes to go through payrolls, financial results and other typical practices needed for good management of a company. Tax planning is activity that requires high level of expertise and for such service it is better to rely only on established and effective accounting firms.
There is no successful business with a proper launch. Among wide variety of support Bulgaria Accountants offers service that precedes everything your company will go through. Registration of a startup is responsible task and it requires a lot of correct paperwork before the new firm is entered in the Trade register. Do not risk to take such an important move without the help of proven specialists.
There are two types of company registration in Bulgaria?
Registration of an entity with Bulgarian origin.
This is rather standard procedure and it would be easier if you rely on support of experienced accountant from well established counting house to be sure about better beginning of your business. Full set of required documents has to be submitted to the Trade register and before it’s done, you have to be clear about company’s name, initial capital, partners, residence and many other details. After submission to the Trade register follows entry in the books of tax agency (НАП) and then the new firm gets its own unique Unified identification code (known un Bulgaria as Булстат). And that’s it in short – your new business is ready to go, if you did everything right.
Accountants Bulgaria is following all good practices and activities established by elite and profitable financial and bookkeeping companies. Covering wide spectrum of expertise and support is helpful to any type of business regardless of its size and market niche.
Inevitable step of company's life is preparation and publishing of the Annual financial report. It is not optional, it is obligation of any business entity. Annual financial report have to be made strictly by certain rules and within deadlines that accept practically no exceptions. This document has to be published online. Reports of a company also include description of fixed tangible assets, tax and accounting policy of the firm itself, balance of revenue and expense, etc. Annual financial report consist of all of the above mentioned.
Do you need an outside accountant for your business? Vast majority of Bulgarian companies would say no. They rely on their own accounting stuff – around 80 percent of all entities, while only the rest one fifth outsource such activity to other firm of professionals. There is still kind of unwritten law that a certain business have to keep their bookkeeping „inside the house“. While it has to be open for auditing from state inspectors and institution, if it has the reason to search for financial violation, sharing of information to companies offering accountant service in Bulgaria is not common among most of the entities in the country.