Let's start with a clarification. Below you will see our calculator for accounting services, as well as several tables with the pricing of subscription accounting services. By “number of documents” in the context of accounting services in Bulgaria we mean the number of primary accounting documents that a company processes and registers within a given reporting period, usually a month.
Primary accounting documents are in the very core of accounting and include invoices for purchases and sales, cash receipts, income and expense orders, as well as other documents that prove business operations carried out.
These documents serve as evidence of the financial transactions of the company and are key to the correct accounting and preparation of financial statements. The number of these documents is one of the main factors that determine the cost of accounting services, since their processing and registration require time and expert skills on the part of the accountant.
It is important to know that if your business receives its income primarily from cash payments - that is, you issue a cash receipt from a fiscal machine for each purchase, a cash receipt by itself does NOT equal one primary accounting document. Each cash register at the end of the reporting period (of the month) issues a monthly report, which, in fact, is the primary accounting document.We keep this difference clear, because if you have 1000 sales through the cash register, it does not necessarily mean 1000 primary accounting documents and a correspondingly higher price!
If you are still not sure how many primary accounting documents your business will generate or whether you need to issue an invoice, it is always better to call us or email to get an accurate price!
Last but not least, the prices in the tables for accounting services below, after the calculator, are indicative and concern the activities of companies that do not have more than one outlet, do not have hired employees under an employment contract, do not employ foreign workers under an employment contract and do not engage in import/export.
The price for accounting services is indicative and is determined after a conversation with our team.
Our calculator is made in such a way that we have taken into account most of the possible factors that affect the prices of accounting services. Its use is extremely easy and intuitive. Follow these steps:
By “package prices for subscription accounting services” we mean predetermined prices for a set of services that are provided on a regular monthly basis, as part of a long-term contract between the accounting firm and the client. These package prices include the basic accounting activities necessary to maintain the financial records of the firm in accordance with the requirements of the law. The prices in the tables below are indicative and refer to companies that have only one place of business, do not have employees on an employment contract, do not have foreign workers on an employment contract and do not carry out activities related to import or export. Package pricing allows customers to plan their accounting costs and benefit from predictability and stability in the budget. They also offer the possibility of cost optimization by combining different services into one comprehensive package.
In determining the prices for accounting of companies registered for VAT in 2024, at Elan Consulting we have created an automated calculator that provides accurate and personalized offers based on the specific characteristics of each business. In case you haven't seen it, you can go back to the top of the page! It is important to emphasize that while VAT registration is a significant element in the formation of the price, there are other factors that must be taken into account. Such are, for example, the number of employees employed, the availability of facilities, the number of foreigners among the staff, as well as whether the company carries out cross-border transactions or operates mainly in the domestic market.
It is also important to note that VAT registration is mandatory in certain cases, for example in the case of intra-Community acquisitions (within the European Union), supplies of services for which the tax is payable by the recipient and the most familiar case - when the taxable turnover of the taxable person exceeds BGN 100 000 for the last 12 months (as of 01.01.2025 this the threshold will be 166 000 leva). In other circumstances, however, registration may not be necessary at all. At Elan Consulting we are focused on providing transparent and ethical services, striving to offer the best accounting services without burdening customers with unnecessary services. Our goal is to help our clients make informed and informed decisions about VAT registration and to ensure that they do not fall victim to accounting firms that only aim to get the most out of their clients.
The price for accounting services of small businesses in 2024 depends on various factors, such as the volume of work, the specifics of the activity and additional requirements of the client. Typically, for small businesses, these services include basic bookkeeping, preparing monthly and annual financial statements, preparing and filing tax returns, and consulting on tax and insurance issues.
Prices can vary significantly depending on the region, the qualifications of the accountant and the complexity of the services required. Some accounting firms offer package rates that cover the entire service of the company, while others charge on an hourly basis or according to the specific service. It is important that customers consider their needs and look for personalized offers that meet the specifics of their business.
Choosing Elan Consulting for small business accounting services offers a number of advantages. Elan Consulting is distinguished by an individual approach to each client, focusing on providing customized solutions that meet the specific needs and requirements of each company. Our team of experienced professionals guarantees high quality of services, up-to-date information and compliance with all regulatory requirements.
In addition, Elan Consulting offers competitive prices and flexible pricing, making us an ideal choice for small businesses looking for a reliable accounting partner. They are equipped to provide a comprehensive service, including tax and accounting consulting, which helps small businesses optimize their financial operations and focus on growing their business.
At Elan Consulting we offer a variety of accounting services that are specially adapted to the needs of each client. However, not all clients are ready to enter into a contract for subscription accounting services, and sometimes, even if we have a contract with a client, unexpected circumstances still arise such as an inspection by the National Revenue Agency (NRA), the Labor Inspectorate and others. In addition to our standard prices, we also present specialized services and conditions that we offer:
For clients with an accounting service contract for a period of 1 year, the accounting annual closure is free of charge.
Within the framework of our accounting services at Elan Consulting, we provide specialized support and assistance in various types of inspections carried out by the National Revenue Agency (NRA), the Labor Inspectorate, the National Insurance Institute (NOI) and other institutions. Our main goal is to provide our clients with full preparation and protection during these procedures, ensuring that both our client's interest is protected, but also all relevant regulations and legal requirements are complied with. Below you can see what are our prices for client protection in tax audits and other checks
Our prices for representation and protection of clients in inspections and tax audits by the National Revenue Agency start from BGN 300 and depend on the volume of accounting documentation and the nature of the audit. For each calendar year that is subject to verification, the price for tax audits can be increased by from 300 to 600 BGN. Our services include the preparation of all documents that will be required by the verifying authority, accounting and tax advice on the subject of the inspection, as well as what you can expect in the future, and also representation before the verifying authority while the administrative procedure is in progress.
In case of inspections by the Labour Inspectorate and the National Insurance Institute, our fee for assistance and representation starts from BGN 300 and depends on the number of employees hired, as well as whether there are foreigners employed in your company, as well as on the size of the employment files and other accounting documents.
Revisions on the set-off and/or refund of VAT, insurance and/or other taxes:- These are revisions that are carried out by the National Revenue Agency within the framework of the tax and insurance control in relation to actions carried out by the taxable persons for declaring, offsetting and/or recovering amounts unduly paid or collected for taxes, compulsory insurance contributions imposed by the revenue authorities, fines and property taxes deductions, as well as amounts recoverable under tax or social security legislation. In other words, in certain situations where, for example, you have declared overpaid taxes, or the tax credit exceeds the newly charged VAT, the tax authorities check whether the taxes, VAT and insurance you declare correspond to the real ones. Our price for protection and representation of clients before the National Revenue Agency in case of checks on interception and/or refund of VAT, insurance and/or other taxes is 3% of the refund amount, but not less than BGN 300.
It is important to note that our prices cover all the activities carried out by the accounting firm in the course of the inspection before the administrative body such as preparation of documents, consultations, representation before the auditing body and others, butIt does NOT include subsequent legal procedures for judicial or administrative appeal of decisions imposing fines and sanctions, revision acts, acts establishing an administrative offense or criminal decrees!
Our services are focused on providing full support to customers during inspections, striving to reduce potential risks and ensure the best possible results. We are always available to discuss the individual needs of each client and offer customized solutions within our accounting services.
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Prices for accounting services of companies registered for VAT in Bulgaria are calculated using our automated calculator, which takes into account various factors such as the number of employees hired, the volume of documentation, cross-border operations and other specific characteristics of your business. Our goal is to offer individualized and fair prices that accurately reflect the needs of your business.
Choosing an accounting firm that provides you with transparent information and advice is essential for the health and success of your business. Such companies as Elan Consulting strive to protect the interests of their clients by offering only the necessary services and avoiding the imposition of unnecessary fees or registrations that do not benefit your business.
With NRA inspections, our customers may face additional costs that depend on the scope and complexity of the inspection. Such costs include assistance in the preparation of documentation, protection during the inspection and consultations. The price is set individually and is based on the time period of the inspection and the specific requirements of the case.
It is important to know that VAT registration is mandatory in certain cases, such as when reaching a certain taxable annual turnover (100 000 BGN for 2024, 166 000 BGN from 01.01.2025), making an intra-EU acquisition and others. Our role at Elan Consulting is to provide you with accurate information and advice on your VAT registration obligation and how this affects your company and the costs you should incur. VAT registration may affect the cost of accounting services due to the need for monthly reporting to the tax authorities, the increased volume of accounting documentation and specific requirements for declaring business operations. We strive to offer personalized and fair pricing that reflects the specific needs and accounting needs of each company.
