MFS Financial Services Ltd

About MFS Financial Services Ltd

MFS is a Sofia-based accounting and tax consultancy whose managing owner presents the work as turning accounting figures into decisions for business owners. The firm states that its customers include both Bulgarian and foreign companies and individuals, working in consulting, IT and software, marketing and trade. Alongside routine bookkeeping it offers financial analysis, budgets and management-purpose profit-and-loss reporting, and it encourages clients to take tax advice before launching a project. Its publications look at cross-border questions such as the taxation and social contributions of Bulgarian employees seconded to Germany. It can also advise on the choice of legal form and register a new company at the commercial register. The website is in English and Bulgarian. Fees are quoted individually, with promotions for new clients such as a free first month on annual contracts.

Services

Bookkeeping with tailored chart of accounts, VAT registration and returns, VIES and Intrastat reports, filings to the revenue, statistics and central-bank bodies, and treaty-related withholding tax declarations. Year-end statements under IFRS or national SME standards, corporate and personal tax returns. Payroll, labour contract drafting and social-security filings. Tax consultancy on direct and indirect taxes plus audit representation. Finance support covers budgets and management reports; company registration and annual-accounts publication are included.

• ✓ Company formation: offered
• ✓ Accounting and bookkeeping: offered
• ✓ Tax compliance: offered
• ✓ VAT: offered
• ✓ Payroll: offered
• ✕ Audit: not listed
• ✕ Bank account assistance: not listed
• ✕ Residency and visas: not listed
• ✕ Corporate secretarial: not listed
• ✕ Virtual office: not listed

Published prices

• Prices set individually
• annual year-end closing free for new clients
• first month free on contracts of one year or more

As published by the firm. Prices change; the firm's quote is what counts.