How to Issue Invoices Correctly? An invoice is often prepared at the end of a sale, but the important decisions come earlier. The supplier must identify the actual supply, the relevant date, the customer’s status and the correct VAT treatment. If one of these elements is wrong, a document that looks professional may still be … Read more
Can You Work Under a Labour Contract and Own a Company in Bulgaria? You can work under a labour contract and own a company in Bulgaria at the same time. For example, you may be the sole owner of an EOOD or hold shares in an OOD while another business employs you. The important distinction … Read more
Social Security for Company Owners and Freelancers in 2026 Foreign entrepreneurs often ask whether owning a Bulgarian company automatically creates a social security obligation. In practice, company ownership and active business involvement are not the same thing. The correct treatment depends on what the owner actually does, how they receive income and whether they already … Read more
Why Does a Bulgarian Accountant Ask Questions Before Giving a Quote? For many foreign business owners, the first question is simple: “How much will accounting in Bulgaria cost?” It sounds like something that should have a quick answer. In reality, a professional accountant cannot give an accurate quote after hearing only the company name or … Read more
Change Your Accountant in Bulgaria Foreign business owners often delay the decision to change their accountant in Bulgaria. The reason is not always satisfaction. In many cases, they stay because changing feels uncomfortable. They worry about missing documents, old filings, language issues, tax risks, and the handover process. However, waiting too long can create bigger … Read more
Department Cost Reporting in Bulgaria: Why Structure Matters? Department cost reporting in Bulgaria helps a growing company understand where money actually goes. It shows how much each part of the business costs and how those costs affect the final result. A warehouse, sales team, marketing unit, administration office, and production line can all create very … Read more
Review of accounting records in Bulgaria helps business owners understand whether their bookkeeping, documents, and financial data reflect the real activity of the company. This process matters when a company has missing invoices, unclear bank transfers, VAT inconsistencies, or old bookkeeping mistakes that may create tax risks. The topic is especially important for foreign business … Read more
Missing Accounting Documents A missing invoice may look like a small mistake. The business owner knows what was paid. The bank statement shows the transfer. There may even be an email, an order confirmation or a message from the supplier. Still, in Bulgarian accounting, this is often not enough. Accounting in Bulgaria is strongly document-based. … Read more
Social Security for Foreign Business Owners in Bulgaria: Why No Salary Does Not Always Mean No Obligation? Social security for foreign business owners in Bulgaria is a topic that often creates confusion. Many entrepreneurs believe that if they do not pay themselves a salary, they do not have any social security obligations. In practice, the … Read more
Tax Audit in Bulgaria Tax audit in Bulgaria is rarely triggered by one small mistake. In most cases, the real concern is a pattern. Missing documents, unclear explanations, repeated corrections and figures that do not match the actual business activity can quickly raise questions. For business owners, accounting is not only about submitting tax returns … Read more