Nowadays it is important for every business to know the methods of tax optimization. By achieving it, this will inevitably lead to increased profitability, which is also a priority for each company. Every subsequent year, new tax rules, regulations and tax policy changes are introduced, making the tax system increasingly difficult to understand. That is … Read more
For opening any type of company, one of the most important steps is to open a company bank account. It has some features that distinguish it from the bank account of an individual. Entering a branch of a bank, you will be presented with different types of accounts that are offered to legal entities. Keep … Read more
In the last few years, crypto currencies have entered the business community. They are used both as a means of payment and as an investment. We at T&G Consulting have clients who actively use cryptocurrencies as a bargaining chip. Some call cryptocurrencies the currency of the future, if so, we insist that the future is … Read more
Today many different forms of payments are known, but basically, they can be merged into two categories – cash and cashless. In the following lines, we will describe some of the forms of payments known and used most often. The most common payments are cash payments and are used for smaller amounts. Cashless payments are … Read more
More and more entrepreneurs decide to develop their business activities in Bulgaria precisely because of one of the main advantages of the tax system in Bulgaria – 10% income tax. This is far from the only advantage that makes our country attractive to business. In this article we will tell you a little more about … Read more
Many companies and sole traders decide to purchase cars and which will serve the needs of the company. In the following lines we will give you a little more information about the accounting part of purchase including how the cost of buying and using the company car should be recorded in order to be recognized … Read more
For the start of any business, regardless of its type, it is necessary to register a company. This is perhaps one of the most important choices you should make when setting up your business and for which a certain amount of knowledge is required. To register a company in Bulgaria the most popular legal forms … Read more
The concept of selling a company means transferring the whole business from one person to another. The sale of a company is achieved by transferring different elements from the company. There are two options for selling to a company: • Sale of the capital of the company; • Transfer of a commercial enterprise. Sale of … Read more
Online shop accounting in Bulgaria requires much more than recording sales and expenses. E-commerce businesses must also consider VAT, payment methods, fiscal reporting, refunds, marketplace fees and cross-border transactions. Selling through your own website, Amazon, eBay or another platform does not place the business outside the normal Bulgarian accounting and tax rules. The correct accounting … Read more
What Should You Know About Accounting for an Online Store? If you own an online store or are planning to launch one, you have probably faced many questions related to accounting. How do you manage cash flow? What tax obligations do you have? How should you organize your documents? In this article, we will cover … Read more