Question 1

What size companies do you work with?

Accepted Answer

We support businesses of all sizes - from solo entrepreneurs and startups to established SMEs with 50+ employees. Our services are particularly beneficial for growing companies (typically 5-50 employees) that require senior-level financial expertise without hiring a full-time CFO.

Question 2

Do you only work with Sofia-based companies?

Accepted Answer

No. While we are based in Sofia, we work with clients across Bulgaria and internationally. Thanks to modern technology, we provide seamless support regardless of location, and many of our clients operate outside Sofia.

Question 3

Can you assist international companies entering Bulgaria?

Accepted Answer

Yes. We specialise in supporting international businesses establishing operations in Bulgaria. Our services cover entity setup, tax registration, local compliance, and implementation of accounting systems aligned with both Bulgarian regulations and International standards.

Question 4

Do you help Bulgarian companies expanding abroad?

Accepted Answer

Absolutely. We provide guidance on international tax requirements, transfer pricing, multi-jurisdiction reporting, and cross-border compliance. Our expertise helps you navigate complex regulatory environments and maintain consistent financial reporting globally.

Question 5

What accounting software do you work with?

Accepted Answer

We have hands-on experience with various systems including QuickBooks, SAP, and Microsoft Dynamics NAV. We can work with your existing setup or recommend and support the implementation of a new system tailored to your needs. We are also comfortable adapting to other platforms.

Question 6

Do you provide services in English?

Accepted Answer

Yes. We are fully proficient in both Bulgarian and English, including written reports, meetings, and communication - ideal for international clients and foreign investors.

Question 7

What accounting standards do you work with?

Accepted Answer

We have expertise in multiple accounting standards including IFRS (International Financial Reporting Standards), US GAAP (US Generally Accepted Accounting Principles), UK GAAP (UK Generally Accepted Accounting Principles), and Bulgarian NAS (National Accounting Standards).

Question 8

What is your experience with Bulgarian tax compliance?

Accepted Answer

LV Advisory has over 11 years of experience with Bulgarian tax compliance including corporate income tax, VAT, withholding tax, and social security contributions. We maintain 100% clean audit opinions and zero compliance penalties, staying current with all Bulgarian National Revenue Agency requirements.

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