News

Freelance or Ltd.

Freelance or Ltd.

Freelance or Ltd.   Question: Hello! I am an IT specialist and I would like to sell a course developed by me in an American online platform with which we will share% of the selling price of the course. Do I need to declare the income I will receive from the platform and how does this happen? Filing a tax return and paying 10% tax at the ...

Read more
Declaring income from a company in the USA

Declaring income from a company in the USA

Declaring income from a company in the USA   Question: Hello! I have a newly registered company in Wyoming, USA. I am the sole owner and manager. The company will sell digital products. Because the registration is LLC, this type of company does not pay dividends to the owner. Hence my question: how will the owner get his profit in ...

Read more
Freelance and employment contract - insurance

Freelance and employment contract - insurance

Freelance and employment contract - insurance   Question: Hello! I am a self-employed person, working as a freelancer. Until recently, I submitted D1 every month and D55 every 3 months, I was insured only for the mandatory health and pension. But at the same time I am already working on an employment contract, where I am insured at the ...

Read more
Accounting for sales of a company with VAT registration in Bulgaria and England

Accounting for sales of a company with VAT registration in Bulgaria and England

Accounting for sales of a company with VAT registration in Bulgaria and England   Question: Hello! A company registered for VAT in Bulgaria buys goods with an invoice from a Bulgarian company. These goods with a packing list are then exported to England, in an Amazon warehouse for sale through their platform. The same company also has a ...

Read more
Rental costs while the legal entity is suspended

Rental costs while the legal entity is suspended

Rental costs while the legal entity is suspended   Question: Hello! The company ceased operations in August. It has rented a room to carry out its activities - a coffee shop. The landlord / legal entity / issues rental invoices for each month of the year, even when it is not working. Can invoices that are for the months after the ...

Read more
Purchase of a plot of land and construction of a building from EOOD

Purchase of a plot of land and construction of a building from EOOD

Purchase of a plot of land and construction of a building from EOOD   Question: Hello! I am the owner of EOOD, whose activity is grain trade. Is it possible for the company to buy a plot of land and build a house that will actually be an asset of the company? What would be the procedure? Will we be able to use DC from the issued ...

Read more
Freelancer in Belgium

Freelancer in Belgium

Freelancer in Belgium   Question: Hello! I currently work as a freelancer in Belgium - I have a temporary contract for the supply of IT services to a company and I issue one invoice per month. I am registered for VAT and as a freelancer in Bulgaria. At the moment, I do not have an address registration in Beglia, it is not mandatory for ...

Read more
VAT adjustment for destroyed goods

VAT adjustment for destroyed goods

VAT adjustment for destroyed goods   Question: Hello! I am the owner of a transport company transporting goods from Bulgaria to Romania. The goods are manure loaded from a plant in Bulgaria. In Romania, the truck crashed due to the driver. The goods are 100% destroyed - there is a document from the police. My CMR insurance covers the ...

Read more
Beauty salon

Beauty salon

Beauty salon   Question: Hello! We made a beauty salon with a hairdresser's and a manicure nook, located in a common room. One woman will be a manicurist and the other woman will be hired as a hairdresser. I will not give her a salary, but she will do whatever she earns. We have to register a company, I don't know ET, OOD, EOOD, ...

Read more
Paid maternity leave

Paid maternity leave

Paid maternity leave   Question: Hello! I am interested in paying unused maternity leave. I got pregnant in May 2017, was hospitalized in June - until the end of 2017. In January 2018 I gave birth and returned to work 2 weeks ago. I have not used annual leave in 2017. Should I be paid by my employer, as the accounting claims that it is ...

Read more