5 reasons to hire a Tax Specialist in Bulgaria

As a business in Bulgaria, though most likely anywhere in the world this is valuable advice, you need to count on the support of a tax specialist. But why?

There are many reasons, we will go into detail on the five most important ones to hire a tax specialist for your business in Bulgaria. 

And if you are on the hunt for the best accounting company in Bulgaria, with experts that can take care of the bookkeeping of your small business, offer valuable tax advisory, and design tailored solutions for your business’s specific needs, then look no further! Accountancy Bulgaria is the accounting company you need. 

Herman Van Der Mosen is the face behind Accountancy Bulgaria. With over 30 years of experience in the financial world, being able to speak different languages and an excellent customer care record, he can become your much needed tax specialist. 

Main reasons to hire a tax specialist

The following are some of the reasons for you to hire a tax specialist for your small business. There may be different ones based on your location, activity, company type, etc. 

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Language

In Bulgaria, all official documents are drawn in Bulgarian, and for those that may not know the language it can be a bit of a challenge to open a company in Bulgaria. Not to mention it would be extremely time-consuming to navigate an unfamiliar bureaucratic system in a completely different language. 

Your tax specialist can help you with all of this, saving you time and headaches, and therefore allowing you to concentrate on your business, in turn offering the possibility to grow and increase your income.

Tax laws

While we repeatedly mention that the tax system in Bulgaria is simple and straightforward forward with a flat rate of 10% on income tax after deductions, this doesn’t mean any business owner can necessarily deal with taxes without the support of an accounting company or the work of a tax specialist who has a much deeper knowledge of the system and can in turn avoid unpleasant situations like audits, for example.

Focus on your business

As a small business owner, it is most likely that you carry a lot of the responsibilities for the day-to-day operations of your business and also take care of the potential growth of your company. Focusing on your business is possible by delegating to your tax specialist and relying on an accounting company that can take care of your business’s financial needs, from simple bookkeeping to tax reports, audits, etc. 

Accountancy Bulgaria can become a great ally, designing tailored accounting solutions and strategies for your company, allowing you to focus on your business.

Saving time and professional representation

Having a tax specialist means you can save a considerable amount of time which could be invested into your business or dedicated to your personal life and family. 

Additionally, your tax specialist can act as a representative of your small business in the case of audits, something that can be extremely valuable in these situations. 

Achieve success

Overall, we can see how a tax specialist can add value to your small business, and solve issues that may arise from the language barrier, the particularities of the tax system in Bulgaria, and the day-to-day business activities. 

There is no doubt that counting on a tax specialist is a step forward to your small business achieving success.

Read also: Capital gain tax in Bulgaria: investing in shares and financial instruments in Bulgaria

Conclusion

A tax specialist can add value to your business, allow you to have the time to focus on your company’s growth and be an ally in the path to achieving success. 

Choosing a trustworthy, reliable accountant is a priority. Accountancy Bulgaria, with over 30 years of experience, outstanding references, multilingual experts, and a dedicated trajectory towards excellent customer care, is ready to help your business achieve the growth and success you are looking for.