SUMMARY OF SERVICES PROVIDED BY SKM GROUP COMPANIES

Accounting services (book-keeping)

specifying company’s accounting policy, and modelling of accounting plan;
preparation of individual chart of accounts according to the specific business activity;
professional bookkeeping of all primary accountancy documents;
preparation of monthly financial reports, trail balances and various spreadsheets according to client’s needs;
processing monthly VAT returns;
depreciation (amortization) of fixed tangible and intangible assets and re-valuation of assets;
handling of various tax payments;
preparation of corporate income tax returns;
annual closing of accounts, drawing balance sheets, income statements, cash flow, statement of shareholder’s capital, and all related docs;
publication of annual financial reports in Commercial Register.

working out employment and freelance contracts;
organizing in-company payroll process;
calculating mandatory social security and health insurance contributions;
computing personal income tax due on wages and salaries;
producing payrolls, payslips and all related payment documents on monthly basis;
annual levying and declaring of income of natural persons received during the year;
keeping employment records and statutory insurance books and other related documentation;
calculating children allowances, compensation for temporary disability to work and alike.

BULSTAT registration;
VAT registration and presentation by Accredited representative;
compiling of purchase/sales books (ledger books);
monthly processing of VAT returns and their submission to National Revenue Agency.
compiling and submission of monthly VAT Returns;
helping in arranging due VAT payments to the national budget;
preparation of specialised VAT consultations.

INTRASTAT registration by INTRASTAT operator;
monthly processing of dispatches/arrivals’ books;
monthly compiling of INTRASTAT declarations and their submission to National Revenue Agency.

periodical, representative and/or annual financial audit;
verifying and certifying financial statements under IFRS or NAS ;
tax planning and tax assessment in connection with the year-closing, including current and annual adjustment of financial result;
consultations for transformations, merger, takeover and demerge of legal entities;
consultations for implementation of Double Tax Conventions between Bulgaria and EU and non EU countries;
preparation of specialised tax opinions and advises.

recon the efficiency of utilization of invested capital, retained profits and other basic financial indexes;
estimation of the utilisation of the assets of the company;
verification of accounting procedures and accounting policy applied by the Client, as well as verification of implementation of the regulations of all major Bulgarian tax acts in force;
assessment of the fulfilment of legal obligations of the Company according to the actual legal regulations in Bulgaria;
verification of scope of duties and related powers of Managing Body of the Client’s company;
verification of commercial contracts;
analysis of Company’s expenses;
verification of payroll procedures within the Company, analysis of personal bonuses, awards, in-company loan agreements;
analysis of Company’s receivables and liabilities.

company set-up in Bulgaria in following forms: limited liability company, single-owner limited liability company, joint-stock company;
founding (establishing): joint ventures, branches, trade representative offices, sole trader, co-operative;
changing of the legal forms of existing companies, establishment of subsidiaries, mergers, acquisitions;
representation in the court;
appeals against administrative acts;
intellectual property and copyrights, patents and trade marks reservation and others;
preparation of legal advises and opinions.