Payroll Services
We provide accurate payroll calculations and timely payment of the staff remuneration as this is crucial for their trust in the employer.
We provide ongoing professional advice on how to structure the organization of labour and working time so that to ensure the most efficient solution for the employer in accordance with the Labour Code. We also provide information on all possible staff payroll-related tax concessions.
We prepare detailed reports, reviews and recommendations on the need for measures to reduce sick-leave costs and compensations for unused leave.
We make a detailed financial analysis of the remuneration budgets vertically (employees, mid- and senior management) and horizontally (production and structural units) in order to determine the efficiency at each level or unit and take measures to increase labour efficiency and productivity.
We provide advice in instances of anticipated sharp rise or decline in the staffing levels, which always entails advance planning and budgeting of the process.
We ensure maximum ease for the employer in the process of administering, calculating and paying the remuneration to the staff members.
We guarantee 100% confidentiality and compliance with the GDPR.
Our Experience
We provide services to companies in all sectors with headcount from several employees to over 1,000 staff members, including manufacturing, commercial and service companies.
We have vast experience with various labour organization patterns with one, two and three shifts of work, with continuous production process, with daily or total working time clocking, night and overtime work at one or multiple locations.
We provide perfect calculation of the remuneration for all categories of work with complex bonus systems and incentives, for all kinds of compensations and all types of contracts – employment, services and management contracts, including fixed-term, permanent, and seasonal contracts.
Our clients include:
KOSTAL, Forever 21, Turkish Airlines, The Mall, TeleStar, Dynaphos, MAN Track & Bus, Golden Rose, Sofia Ring Mall, Petroceltic, DILIOS, Micro Optics, IVECO Leasing
The Price
The price of the service depends on the number of staff, the organization of working time, the way remuneration is calculated, and many other factors. The payroll processing of twenty employees with a standard daily working time reporting starts from BGN 250 monthly, net of VAT.
Location
Our team
-
Daniel Slavchev
Senior manager -
Zornitsa Stoyanova
Payroll manager -
Eduard Pushev
Payroll expert -
Теодора Дончева
Payroll expert
Georgi Dimitrov
Managing partner PayrollGeorgi Dimitrov graduated from the University of Agribusiness and Rural Development – Plovdiv with a bachelor’s degree in Finance. He joined the Kreston BulMar team in 2003 and headed the Payroll Services team. He has been a Managing Partner at the Payroll Services department since 2010.
He has expert knowledge of the Labor Code, the Social Insurance Code, the Health Insurance Act, personal income tax law, and the European Code of Social Security, and is experienced in social security agreements made between Bulgaria and non-EU countries. He has significant experience in providing subscription services to enterprises in various industries, including manufacturing, large retail chains, and international and online trade, among others. He also handles the servicing of international companies that operate in Bulgaria, which includes conducting specific reporting to international parent organizations.
He has written more than 800 articles and has held more than 150 seminars on labor and social security law topics.
Daniel Slavchev
Senior managerDanial Slavchev graduated fom the University of National and World Economy with a bachelor’s degree in Accounting and a master’s in Financial Control and Financial Law. In 2017 he successfully completed his training at the BulMar Training Academy and joined the Kreston BulMar team. He has been a senior manager at the Payroll Services department since 2020.
He has expert knowledge on The Labor Code, the Social Security Code, and is well-versed on personal income and social security tax law. He has rich experience in providing payroll processing subscription services to small, medium-sized and large enterprises in various industries.
Zornitsa Stoyanova
Payroll managerZornitsa Stoyanova graduated from Sofia University “St. Kliment Ohridski” with a bachelor’s degree in social activities in the field of employment and a master’s in regional development and politics / human resources management. She joined the Kreston BulMar team in 2018 and has been a Manager at the Payroll Processing department since 2020.
She is an expert on the Labor Code, the Social Security Code, and personal income tax law. Her work path saw her provide payroll processing subscription services to small and medium-sized enterprises in various industries.
Eduard Pushev
Payroll expertEduard Pushev graduated from the University of National and World Economy with a bachelor’s degree in Forecasting and Planning and a master’s in International Economic Relations. He has been a senior expert at Kreston BulMar’s Payroll department since 2020.
He is an expert on the Labor Code, the Social Security Code, and personal income tax law. He is experienced in providing payroll processing subscription services to micro, small and medium-sized enterprises in various industries.
Теодора Дончева
Payroll expertOur publications in the expert site balans.bg
- Обезщетение при прекратяване поради болест на служителя
- Промени в осигуряването през 2016 година
- Прехвърляне на майчинство на бащата
- Промени в осигуряването за 2015 година
- Системи за заплащане на труда
- Новият трудов договор - за стажуване
- Граждански договор – предмет и разлики с трудовия договор
- Облагане на парични и предметни награди
Other services from Head Office
- Accounting
Metodi Hristov
- Payroll
Georgi Dimitrov
- Financial Audit
Manuela Chonkova
- Legal Services
Velichka Almisheva
- Tax Advisory
Metodi Hristov
- Corporate Finance
Emil Popov