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Nikola Halachev Accounting

Accounting without
the extra chaos

Ongoing accounting, payroll, tax consultations and support for Bulgarian and foreign clients. A clear process, organized communication and timely information when deadlines and decisions matter.

✓Timely action on deadlines and obligations
✓Clear communication without unnecessary complexity
✓Practical solutions based on real business needs
✓Suitable for small and medium business, new companies, freelancers and foreign clients

What you gain

The goal is not just filing documents. It is having a cleaner process and wasting less time.

Clearer view of current obligations
Timely action on deadlines and documentation
Less chaos in daily administrative work

How I can help

The approach is practical and focused on the actual day-to-day work of the business.

Ongoing accounting support
Payroll and staff administration
Consultations for growth, optimization and structure

Who it is for

The service is aimed at people and companies that want order, predictability and normal communication.

Business owners who want clarity
People starting a new activity
Foreign clients operating in Bulgaria

Services & Activities

Accounting Services

  • Operational accounting of the current documents in accordance with the requirements of the Bulgarian accounting legislation and national or international accounting standards
  • Preparation of accounting policy and individual chart of accounts
  • Preparation and submission of monthly statements under the value Added Tax Act (VAT)
  • Preparation and submission of monthly VIES declarations, as required by the VAT ACT
  • Calculation of monthly taxes due, and preparation of payment documents for their translation
  • Preparation of periodic reports reflecting the current financial result according to the client’s needs
  • Preparation of monthly and periodic reports on the client’s activity, reflecting stocks, movements in certain accounting accounts, settlements with commercial counterparties and financial institutions
  • Preparation of calculations and costs depending on the client’s activity
  • Timely information about changes in the tax-insurance or labour legislation
  • Additional accounting services, based on the specific requirements of the client.
  • Representation before insurance and tax authorities in relation to appointed inspections or revisions

Consultations

The constant changes in the existing and adoption of new regulations always lead to the risk of tax errors, which sometimes cost too expensive.

  • The accounting policy of the Enterprise
  • Business tax planning and tax optimization
  • Organizing the company’s document turnover
  • Consultations on labour and social security issues
  • Consultations on the application of agreements to avoid double taxation

Staff, wages and salaries

To save you the effort of maintaining specific expertise and to ensure payroll confidentiality, I offer a complete service for managing employee remuneration.

  • Drafting of employment contracts, civil contracts and contracts for management and control
  • Preparation and submission of necessary notices to the NRA
  • Maintenance of Labour records of employees
  • Preparation of payrolls for salaries and fiches
  • Preparation of payment documents for transfer of due monthly insurance and income tax of natural persons
  • Processing of hospital papers and filing in NSSI
  • Presentation of information about insured persons in personal register-declarations model 1 and 6
  • Preparation of a report on the costs of the company for salaries and contributions by department
  • Representation before insurance and tax authorities in relation to appointed inspections or revisions

Partnership Level Services

I also provide access to partner services across different areas that may be useful depending on the client’s specific needs.

  • Legal Services
  • Occupational Media and electrical measurements
  • Translation and legalization
  • Accounting software

For foreign clients and partners

Why Bulgaria is such an attractive business destination Bulgaria has long been an attractive destination for setting up a new business or moving companies from abroad for a number of reasons. The country offers ideal conditions for combining work and a more pleasant life than many other countries in Europe.

  • Lowest taxes in the EU
  • Low corporation tax of 10%
  • 5% dividend tax
  • 20% VAT
  • Professionals and labour at very competitive pay
  • Many universities and good education
  • Advantageous infrastructure
  • 4 airports with many destinations to and from Europe
  • Among the fastest internet connections in Europe
  • Varna is the best city to live in Bulgaria and one of the most desirable destinations for digital nomads in Europe

Registration of Bulgarian companies for foreigners You have a company abroad and want to move your business to Bulgaria? Or do you have the measure to start a new business here?

  • Registration of companies
  • Address registration
  • Organizational assistance in relocation and establishment in Varna and Sofia
  • Network of partners in real estate, lawyers, banks, telecoms, software, marketing, holidays and entertainment
  • Tax consultation for optimization
  • Comprehensive service

Tax optimization of companies from Europe The last few years there has been a large growth of international companies moving to Bulgaria for several reasons

  • Significant tax advantages
  • Member of the EU since 2007 and part of the EURO area 2024
  • Still low real estate prices
  • High quality and freer life
  • Unique nature with opportunities for tourism, sports and recreation throughout all four seasons