Leave behind your worries about doing payroll in Bulgaria.
Get in touch to learn how we can help your business.
Olsen & Partners helps you deal with those complicated payroll requirements
Declarations & Paperwork
Our Payroll services include:
- Preparation of the monthly payroll
- Monthly tax and social security contributions calculations
- Monthly and Annual Filings
- Preparation and filing employment contracts
- Foreign employees’ assistance: work permits, withholding taxes, annual certificates, etc.
- Providing employees with paystubs each pay period
- Assistance and representation during labor audits
- Legal assistance and representation in court in case of a trial
SIX REASONS TO OUTSOURCE YOUR PAYROLL
Peace of mind
Outsourcing payroll gives you the peace of mind of never again worrying about accuracy, tax penalties, late fines, or compliance with the ever-changing rules and regulations associated with producing the payroll, facilitating the relations with your employees and all legal assistance you might need regarding the labor force in your Bulgarian company. This convenience means you can focus on running your business and spend less time worrying about the administrative tasks.
2 in 1 service
Correct! Simply, we don´t offer just a payroll service – our payroll service comes with basic legal assistance for your labor contracts and managing relations with your employees. Our payroll associates are not ordinary accountants, like most payroll providers in Bulgaria. They are dedicated to providing payroll services only under the supervision of a legal advisor and labor law is their passion. Our skilled team is always available to ensure full legal compliance and to advise you of possible advantages that can be obtained by adequate planning. We can help you manage a complicated situation with your employees, to lay off staff when necessary, to mediate an issue before it goes to court or to provide you legal assistance (an attorney) if you are summoned in court. We provide integral payroll solutions for your business.
Foreign customer's experience
The Bulgarian labor legislation and social security systems are very different from the US and European ones. Our Labor Code remains the same from the Communist era and it is still valid and in force today. Bureaucracy is widely spread and the penalties for non-compliance are severe. Our team is very familiar with these differences and we can talk to you in your “language” and ensure that your business complies with the local regulations. We are used to working with multinational corporations, communicating with their financial, accounting and payroll departments regarding their entities in Bulgaria. As our client, you will enjoy the Olsen difference.
We offer a comprehensive but flexible package, which means you can custom tailor the options to best suit your company’s needs. As your business grows you can feel secure knowing that we have anticipated your future challenges and any changes necessary will be made seamlessly without interruption.
Costs associated with in-house payroll processing can be reduced or eliminated. Examples of such costs include: payroll software, software maintenance and upgrades, hardware, training, producing forms, and the cost of labor for keeping an in-house payroll specialist.
Payrolls are completed and delivered on time. You will never have to worry about your payroll not being available for distribution on payday.