Accounting Services (Accounting and Control)

Balantrix Accounting Company is an accounting house with extensive experience in accounting services, tax consultations, labor law, tax, and insurance matters. We provide one-time accounting services and subscriptions for small, medium, and large enterprises.

Balantrix Accounting will assist you with a full range of accounting and tax consulting services. We guarantee high levels of expertise and professionalism, backed by attention to every detail and presented in understandable language. They include:

Accounting Services for Individuals and Legal Entities

One-time servicing;
Annual accounting servicing for a specific customrt-assigned task;
Subscription accounting for companies with VAT registration and companies without registration under the VAT Act;
Accounting services for individuals and legal entities;
Individual chart of accounts;
Accounting for companies;
Accounting policy;
Interim financial statements;
Inventory and turnover statements;
Processing of primary accounting documents;
Depreciation;
Comprehensive accounting services and current operations;
Income and expenditure reports and cash flows;
Financial and accounting analysis.

Full Range of HR Services – Employment and Civil Contracts, Salaries, Management, and Control Contracts

Preparation of contracts, job descriptions, and payroll statements;
Methodological consultations on labor relations with personnel;
Preparation of payment documents for budget payments;
Submission of compensation documents for temporary incapacity to the National Social Security Institute (NSSI);
Issuing and completing employment records;
Electronic submission of social security declarations to the NRA’s Tax Department;
Submission of information on insured persons to the NRA.

Financial Consultations

Annual financial report and year-end closing

Preparation of Financial Statements (FS) and tax returns;
Submission of Annual Statistical Forms to the National Statistical Institute (NSI);
Verification and certification of FS;
Submission of Form G2 to the Commercial Register;
Preparation of FS and accompanying documentation;
Accounting for companies with VAT registration.

VAT Registration

Registration under the Value Added Tax Act (VATA), mandatory for “every taxable person established in the country who makes taxable supplies of goods or services.”
Preparation of the necessary documentation.
Preparation of references under Annex №2 for assets at the time of registration.

VAT Deregistration

VAT deregistration is a procedure after which a person is not entitled to charge tax or deduct input tax. We assist with:

Preparation of the necessary documents;
Submission and receipt of documents;
Presence during the inventory of assets and inventory books;
Preparation of references under Annex №2.

VAT Refund

VAT refund affects all persons registered under VATA making taxable supplies of goods and services.

Local supplies of goods and services;
Acquisition of goods within the EU and services performed in the Republic of Bulgaria;
Import and export.

The VAT rate on such goods in Bulgaria is 20%

All persons registered under VATA are obliged to:

issue documents for supplies – made and received;
reflect information on purchases and sales;
complete and submit declarations of due VAT to the NRA.

Audit Services

Audit is an independent verification of the financial statements of a company to establish their reliability.

Audit consultation;
Preparation and certification of FS.

Administrative Services

Online banking and accounting;
Submission of documents to state institutions;
Preparation and submission of documents for loans and financing;
Certificate of absence of tax and insurance obligations;
Communication with contractors – partners, clients, employees, institutions;
Legalization of commercial properties;
Preparation of working hours;
Permits for work and labor activities;
License for the sale of tobacco and alcoholic products;
HACCP systems;
Establishment of a hygiene practice system.