Services

The company provides its clients with complete range of accountancy and taxation services, as well as with advises in the field of finance and human resources. Due to its good cadre policy, “Profit Management” Ltd accumulates the gained rich experience and the knowledge of its employees in various fields and succeeds in meeting the needs of its clients in different domains of management and planning of finance, accountancy, tax legislation and executing the company’s management in correspondence with the European and International standards. Being aware of the important role of these components and considering them mandatory requisite for the prosperity and complex development of each company, “Profit Management” aims at rendering assistance to the governing bodies of its clients by due, reasonable and well-grounded proposals and advises, besides arranging the current issues and the daily processing of current information and its opportunely presenting to the managers of its clients, as “the accurate and due information is the best source for discussion and underlies the right decisions”.

“Profit Management” Ltd. promotes the business of its clients through:

1. Registration of companies at the National Register under BULSTAT and at the National Income Agency

2. Processing the current information; current accounting servicing - the current accounting servicing is based on the accounting policy, elaborated by the client or policy, elaborated and proposed by “Profit Management” Ltd and approved by the company. Basis for elaboration of the accounting policy are the Accounting Act, the National Accounting Standards or the International Financial Accounting Standards, conformed to and bound by the local tax laws and client’s activity.

3. Current working out of profit and loss account and balance sheet, own capital account, cash flows account for the purposes of management

4. Analysis of the results from the references as per p. 2

5. Adoption of new programmes and systems aiming at assisting management in taking the right decisions

6. Annual balance sheet - drawing up all annual accounts for enterprise’s activity, including all detailed and circumstantial references

7. Drawing up the annual reports for the statistical purposes and presenting them before the National Statistic Institute

8. Drawing up the quarter and annual reports for Bulgarian National Bank

9. Drawing up the annual tax return and the related elements and presenting them to the tax authorities

10. Management of “Human Resources” department - drawing up all documents regarding the labour legal relations between the client and its employees according to the provisions of Bulgarian legislation; drawing up the wages-sheet, the payable social, health insurance and gross income tax, as well as drawing up the monthly declarations for the National Insurance Institute

11. Planning the cash flows in short-term and long-term aspect; Performing all daily payments and financial flows management

12. Tax advices and elaboration of long-term tax strategy and short-term planning

13. Tax protection

14. Representation of clients before the National Income Agency

15. Daily information (in case of declared interest) of the client about the amendments in the field of accounting, taxation and social insurance legislation

16. Profit Management works in a team with chartered Bulgarian auditors - Dimitar Kodzhanikolov, number 247 from 28th October 1994 and Stefana Tzenova, number 508