Payroll and Social Security Review

Core Objective

The service aims at providing an express, resource-efficient review of the company’s compliance with the labour legislation, which identifies all material issues, makes an assessment of the related risk, and recommends measures to overcome them or to mitigate the harmful consequences.


The review covers the following aspects:

  • Analysis of the company’s operations, the type and structure of the staff, and the availability of the mandatory internal regulations, journals and books with the employer;
  • Review of the employment files of the staff members to identify omissions or availability of documents that are not to be kept by the employer;
  • Review of all internal regulations for their compliance with the statutory requirements, including the following: Internal Work Regulations; Internal Payroll Regulations; Regulations on the Safety at Work; Regulations on the Organization and Conduct of Employee Briefing Sessions; Personal Data Protection Rules and Policies; Orders and all other documents which relate directly to employment relationships;
  • Review of the records from the employee briefing sessions for their compliance with the statutory requirements to their conduct and reporting;
  • Review of the journals used to monitor work books, overtime records and sick leave notes for their compliance with the statutory requirements;
  • Analysis of selected payroll records to check whether remuneration and social security contributions are calculated correctly.

Scope

The review covers the existing employment contracts for their compliance with the Labour Code, the Health and Safety at Work Act, the Social Security Code, and the related implementing regulations and the GDPR.


Review Report

The review ends with a report which outlines every problem identified, defines the related risk, and recommends options for resolving it or minimizing the harmful effect.


Timeframe for Completion

The timeframe for completing the review is three weeks as from the date on which the preliminary information package was received and access was provided to review, identify, analyse and report on the activities outlined above.

Responsible team

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Georgi Dimitrov

Managing partner Payroll

Georgi 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.

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