Payroll Administration

In order to facilitate company Payroll Budget calculations we have developed on-line calculators. You can use them to calculate all accruals and the deductions from the salary as well as company payroll expenses in Bulgaria.

Processing of salaries, social securities and taxes is often a complex and confidential matters that require full knowledge and careful study of the changes in regulatory requirements.

To process the payroll agenda of your employees on a high-quality level you would need at least a payroll accountant, a lawyer and a quality software, apart from additional related indirect costs. Moreover, deadlines would appear in your calendar steadily which you have to keep in carrying out wages-related matters, deadlines provided for by law and, thus, mandatory for you.

Through outsourcing of the payroll administration we shall unload you of any related concern. We provide payroll services to our respected customers of all staff or only of the management team, when strict confidentiality is required.

Our payroll services include the calculation of net royalties, taxes and insurance, preparing payment documents, on-line banking, servicing of special bank account, which is used only for payment of salaries in order to keep confidentiality.

Payroll services we provide to our customers are:

  • Consultation about the form of recruitment
  • Preparation of monthly payroll ledgers and pay slips
  • Calculation of sick leave and paid leaves
  • E-mailing pay slips in password protected file to each employee
  • Reporting of employers costs in different breakdowns as departments&projects
  • Preparation of labor and civil contracts
  • Registration and re-registration of labor contracts in National Revenue Agency
  • Preparation of documents for the termination of labor contracts
  • Preparation of bank documents and on-line banking
  • Reports for insured persons in the register of the National Security Institute
  • Representation toward a National Revenue Agency and National Security Institute
  • Outstaffing
  • We understand that confidentiality in the processing of pay is essential. Therefore, our system can automatically send each month to each of your employee e-mail, containing pass worded file containing the personal salary slip.