T&G Consulting - Accounting Services

Accounting services

Over 10 years of experience in the fields of accounting services
and financial consulting

Home / Accounting services

Among the accounting services
offered by us are:

  • One-time accounting services;
  • Accounting for expenses for salaries, social security contributions and taxes;
  • Processing and posting of primary accounting documents;
  • Processing of cash and bank payments;
  • Preparation of reports on receivables and payables from customers and suppliers;
  • Classification of tangible fixed assets (FIXED ASSETS), preparation of tax and accounting depreciation plan;
  • Preparation and registration for VAT (VATA);
  • Monthly preparation and submission of VAT returns, purchase and sales journals;
  • Preparation and submission of INTRASTAT and VIES declarations;
  • Preparation of monthly and annual trial balances;
  • Preparation of annual financial statements;
  • Preparation of necessary documents and reports for inspections and audits;
  • Representation before the NRA in inspections and audits.

Accounting services for any type of business

We at T&G Consulting offer more than accounting services.

Our clients operate in a number of different fields such as digital marketing, companies focused on digital technologies, construction, tourism, hospitality, transport, manufacturing, agriculture, internet stores, software companies, international deals, IT companies, NGOs, project and grant financing, drop shipping, crypto currencies, trading on EBay and Amazon, trading in and out of the EU, including China and the US, providing services through global marketplaces , payroll services and freelancers.

It is important for us to optimize your taxes. Taking advantage of our accountancy services, you can rest assured that the financial and accounting processes, namely tax consulting, accounting, labor and wages – reporting staff, are in good hands. Our accounting services provide you with everything your company needs to work in accordance with Tax and Social Security Legislations.

We believe that we are one of the quality accounting companies because we have a personal attitude towards each client and we try to make sure that all our companies are correct to the last detail.

If you are looking for integrity, reliability and loyalty when it comes to your accountant, T&G Consulting is the right choice for you

Answers to your questions

First, we prepare all the necessary documents for company registration, which takes between 1-5 working days.

After that, it is necessary to open an accumulation company bank account, which for Bulgarian citizens happens immediately, but for foreign citizens, there is often an inspection by the bank, which can last between 1-20 working days.

It is also necessary to make a notarization of an affidavit in front of a notary, which is done immediately.

And finally, after all actions mentioned above have been completed, it takes up to 3 days for the company registration in the Commercial Register to be finalized.

Yes, we at T&G Consulting assist with company registration completely remotely. You don’t need to be in Bulgaria or travel to the country. For your convenience, we will assist you throughout the entire process.

Pricing depends on a number of different factors. We form our prices after we have familiarized ourselves with your business activity and the amount of work we will need to do. For this purpose, please fill out the questionnaire on the ‘Pricing’ page or contact us directly.

It depends on your activity and the way you will develop your company. Many specific factors must be taken into consideration, so we recommend that you consult with a specialist to examine your case and whether you fall under any of the hypotheses for mandatory VAT registration.

Here are two of the most common cases in which you are subject to mandatory VAT registration:

- If for the last 12 months you have exceeded a turnover of BGN 100,000. (The threshold of BGN 100,000 comes into force on 01.01.2023, before that date the threshold is BGN 50,000)

- You perform or receive services on the territory of the EU - in this case, you need to register no later than 7 days before the date of occurrence of the tax event

Corporate tax in Bulgaria is 10% and does not change regardless of the turnover of your company. This makes Bulgaria one of the most attractive places for investment and business development in Europe.

In Bulgaria, the dividend tax is 5%, both for Bulgarian and foreign citizens.

Yes, Bulgaria signed double taxation treaties with more than 60 countries worldwide in order to avoid double taxation.

Our team speaks English and Russian. This allows us to work with clients outside of the country who wish to take advantage of the attractively low taxes in Bulgaria.