Experta – Счетоводна агенция

счетоводни услуги Експерта

Plovdiv, Maria Luisa Blvd. №. 64

Plovdiv,Bulgaria

Write us

manager@expertabg.com

Experta - Счетоводна агенция

What services will my company receive if I contract accounting services with you?

The services each company receives depend on many factors:

  • If the company is registered for VAT we have to process receipts and payments and submit a VAT return by the 14th. In this case, it is very important that the company submits the previous month’s documents by the 5th of the month so that we, as the accounting agency, can process the documentation. If the documents are submitted later, there is a risk that the VAT documents cannot be processed by the 14th, which will result in a serious fine from the NRA. It is very important to provide a complete set of documents. If possible, no gaps. This can result in penalties if we do not record an income on the VAT return. If you have a missing expense document, you may have to pay more VAT because you did not attach the relevant documents.
  • After the 14th, we need to process the bank statements you have provided to us. This is necessary to be able to close customer receivables and payables to suppliers. Bank statements reflect social security and tax payments. If you deposit or withdraw from the bank this will be shown on your bank statement. This is your cash flow by bank transfer. These are documents that will be needed not only by us, but also by tax officials during an inspection.
  • We need to process your employees’ salaries by the 25th. Returns 1 and 6 are filed with the NRA. You need to provide us with all leave, sick leave and maternity documents used by your employees. If they are submitted late there is a possibility that they may not be reflected, which could impact employee compensation. This is something that will cause additional headaches for you with employees. We are required to prepare a payroll based on the information provided and provide it to you. We’ll set up insurance payroll for you so you can pay the NRA.
  • Each year we prepare the company’s annual return and annual financial statements by 30.06.23. If you are a sole trader the deadline is 30.06.23. This can be done after you have provided all the necessary documents for processing.
  • It is possible that a number of cases may arise in your business during the year, resulting in additional work on our part. In some cases you won’t have to pay extra, but in others you may have to pay us an additional fee.
  • Some companies apply for the granting or renewal of credits. We prepare the relevant reports for the bank.
  • Where the company is VAT registered there are occasions when it recovers VAT from the State. For this to happen, the NRA needs to carry out a check.
  • There are cases in which the State carries out checks and audits without having to recover VAT. This is done in order to determine whether the company is compliant or is evading taxes and social security contributions. We are obliged to point out that we are not liable if someone decides to evade taxes and social security contributions. We have no way of knowing if an employee is working 4 hours but is actually working 8 hours. We have no way of knowing if he is on £710 and gets a salary of £1500. These are the responsibilities and problems of company directors. There are a number of other abuses that can be committed and that can be identified by the NRA, the Labour Inspectorate or other organisations.
  • Another type of service that we provide to the client is that we sometimes have to communicate quite frequently with clients on various issues.
  • When legislation changes, we notify customers of the changes that affect them. In order to be familiar with the changes we need to use some of our working time to read and make sense of the regulations.
  • Some of the customers are very distracted, irresponsible, which requires additional communication with them. This is an additional service that costs a lot of extra time and is almost always at our expense.

Of course there are other services we provide, but it depends on the client and the specifics of their business.