Accounting
- Development of a company accounting policy and chart of accounts.
- Certification of annual financial statement by a registered auditor.
- Fixed assets: recording, preparation of depreciation plans, accrual of depreciation, stocktaking, periodic valuations, statistical returns.
- Stock: movement, stocktaking, periodic valuations, statistical returns.
- Processing of invoices: clients and suppliers.
- Preparation and verification of sales and purchases ledgers.
- Preparation and submission of monthly and annual VAT returns.
- Periodic valuations of receivables and liabilities in accordance with the accounting policy adopted by the company.
- Processing of bank statements, credit orders and debit orders in BGN and foreign currencies.
- Processing of reports on prepayments in BGN and foreign currencies.
- Booking of bank loans and leases in BGN and foreign currencies.
- Accrual of taxes and fees due pursuant to the Value Added Tax Act, Natural Persons Income Tax Act, Corporate Income Tax Act, and Local Taxes and Fees Act.
- Accrual of salaries and contractor fees due for the month.
- Accrual of social security contributions and wage cost taxes due for the month.
- Inspection- and audit-related returns required by the tax authorities.
Taxes
- Corporate Income Tax Act
- Income tax prepayments: determination of type and amount.
- Expenditure taxes: vehicle, entertainment and social expenses.
- Taxes deducted at source: on dividends, liquidation quotas, interest payments, etc.
- Annual tax returns: determination of taxes due, completion and submission of tax return forms.
- Inspections and audits: legal representation, counsel and appeals.
- Value Added Tax Act
- VAT registration with / deregistration from the National Revenue Agency
- Registration of cash registers in the National Revenue Agency.
- Preparation of returns, declarations, statements and sales and purchases ledgers.
- Preparation and submission of VIES declarations.
- Filings with the National Revenue Agency (authenticated by an electronic signature).
- Payment of VAT: preparation of payment orders.
- Natural Persons Income Tax Act
- Calculation and declaration of withholding tax on income from labour and other sources.
- Payment orders for withholding tax on income from labour and other sources.
- Calculation of the amount of patent tax.
- Calculation of the amount of taxes due from foreign persons.
- Completion of annual tax returns for sole traders and individuals.
- Completion of tax relief annexes:
– for children under the age of 18,
– for degree of invalidity,
– for voluntary supplementary social security,
– for Life insurance,
– donations to disabled.
- Local Taxes and Fees Act
- Preparation and submission of real property acquisition declarations.
- Preparation and submission of donation tax declarations.
- Preparation and submission of inheritance tax declarations.
- Declarations of municipal waste fees.
- Tax valuation of properties.
- Declarations of acquisition of movable property (motor vehicles, etc.)
- Calculation of basic pay and additional payments.
- Calculation of holidays and compensations.
- Calculation of social and health insurance contributions.
- Preparation and submission of social security declarations (Form 1 and Form 6) (authenticated by an electronic signature).
- Preparation of payments orders for wages and social and health insurance contributions.
- Service contracts: accounts of amounts paid, fee statements and declarations.
- Representation during inspections and audits by the National Revenue Agency relating to State Social Security, Supplementary Compulsory Pension Insurance and Health Insurance.
- Preparation of employments contracts and addendums.
- Preparation of a notification pursuant to Article 62 of the Labour Code.
- Tracking of used/unused holidays.
- Documents related to the termination of employment contracts: records of employment, payroll statements and notices.
- Preparation and filing of documents relating to doctor’s notes.
- Certification of records of social security contributions.
- Preparation of certificates of insurable earnings (Forms UP 2 and 3).
- Registration of Bulgarian and foreign companies with the Registry Agency.
- Registration of companies with the Registry Agency (BULSTAT Register).
- Registration of non-profit legal entities with the Ministry of Justice.
- Issue of certificates of: tax liability; initiated enforcement proceedings; liquidation proceedings; good standing; insolvency proceedings;
- Issue of electronic signatures: preparation and submission of documents to Infonotary;
- Provision of legal consultations with highly qualified lawyers
- Monitoring of document management and financial reporting in companies that have their own accounting departments.
- Secondment of qualified accountants employed by Active Consult to the client’s premises.
- Periodic reports for the company’s management.
- Budget prepared in the standard format of Active Consult.
- Budget prepared according to the client’s specifications.
- Report on fixed assets and accumulated depreciation.
- Report on receivables and liabilities.
- Report on cash on hand and cash flows.
- Report on remaining amounts of loans and leases.
- Report on the company’s financial indicators.
- Commercial banks and other credit institutions:
- Business plan: preparation of financial statements for credits and applications for funding under EU programmes.
- Loan applications: completion of a set of bank documents.
- Bank guarantees: preparation of a package of documents.
- Financial leases preparation of a package of documents.
- Statements for the Bulgarian National Bank:
- Statement of loans between local and foreign persons (Form SPB 4).
- Statement of movements on accounts with foreign banks (Form SPB 5).
- Statement of liabilities of local persons to foreign persons (Form SPB 6В).
- Statement of receivables of local persons from foreign persons (Form SPB 6А).
- Statement of direct foreign investments (Form SPB 7).
- Statement of receivables and liabilities of local individuals (Form SPB 8).
- Registration of loans granted by/to foreign persons.
- Statistics: periodic reports for the National Statistical Institute.
- Financial performance.
- Staff report.
- Statement of fixed tangible assets.
- Statement of foreign investments.
- Annual statistical report.
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