What is the difference between the price of an accounting company and the costs of maintaining an own accounting departament

Using outside accounting services is much more cost-efficient even if it does not look that way at first sight. Besides saving substantial amount of money, hiring an outside accounting company has many more benefits – saving time and effort, flexibility, focus on the main activity of the company and many more.

How do I choose an accounting company?

Choosing an accounting firm is an important process for every company. One of the key elements of your success can be finding a good accountant that will give you appropriate, timely mannered and cost-effective advice regarding the ever-changing and complex legislation.

Why choose Doxa Consulting?

Our team has over 15 years of experience in the field of accounting services. We do not chase the short-term profit, rather we look for a long-term, stable and based on mutual trust partnership, thanks to which both parties can grow together.

How can I become a client?

You can contact us at any of our phone numbers at here and we will gladly assist you with everything that you need.

Should I register for Vat and when?

Registering for Vat should be done if you have reached the treshold of 50 thousand leva in revenue for the last 12 months. It is not neccessary that these 12 months are a full calendar year. We will help you with the preparation and the filling of all required documents

Should I use the help of an accounting company in order to register a company?

Due to the complexity and the specificity of the procedure itself, we recommend using the services of professional accountants like us that will prepare the whole documentation required for the registration. We will also help you with an attorney signature, owing to which you will be able to save time and money, because we can easily file your documents online.

What company type should I choose when registering?

A company with limited liability (LTD.) is a type of company where the owner of the capital is responsible for the company only to the extend of his share in the capital. When operating as a sole trader on the other hand the owner is responsible with the entirety of his property. The second major difference is that the sole trader uses his own funds to operate. We can help you make the right choice and create your company.

What are the requirements for a sole trader?

A sole trader is an individual that uses their private funds to create a company. The requirements are:

  • legal capacity;
    • residence in the country;
    • has not filed for bankruptcy;
    • is not being charged for insolvency;
    • is not being a manager or a part of the board of directors of a company, which activicy has been ceased due to bankruptcy in the last 2 years;
    • does not have another registration as a sole trader.
What is the difference between the price of an accounting company and the costs of maintaining an own accounting departament

Using outside accounting services is much more cost-efficient even if it does not look that way at first sight. Besides saving substantial amount of money, hiring an outside accounting company has many more benefits – saving time and effort, flexibility, focus on the main activity of the company and many more.

What national insurance contributions should I pay as a self assessed?

The owed national insurance contributions for self assesssed individuals are being calculated based on a certain income. It cannot be smaller than the minimal income and cannot be larger than the maximum one. We will gladly help you with this task.

What are my obligations after a Vat tax registration?

After the end of every tax period companies registered by VAT are obliged to prepare and file in the appropriate governmental institution a declaration for the sales and purchases. The deadline for this is 14 days after the end of each tax period. We will gladly take care of all this for you.

Who is a trader?

A trader is an individual that fulfills these requirements:
• is legaly capable to be a sole trader or to have registerd a company;
• the nature of their activity is based on making trade deals;
• their activity is based on their profession.

What are circumstances, that are registered in the commercial register?

Traders, branches of foreign companies and related to them matters are being registered in the commercial register.

What is the deadline for filling a tax declaration?

Traders, legally obligated to pay corporate tax, must file a tax return for their financial result and the owed corporate tax by the end of March each year. An exception are the sole traders and the self assessed individuals, the deadling for which is the end of April.

If you cannot find an answer to your question, do not hesitate to contact us.