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A Holiday Mood for Easter 2010

The heaviest period of the financial year 2009 was finalised on 31 March and we found ourselves on the eve of one the brightest Christian holidays – Easter. This was the inspiration for our decision to bring some cheerful spring spirits to AFA by preparing gorgeous things for the Easter holidays.... [ more ]

Children’s Christmas Party

On 19 December, Santa Claus, Snow-white and Dwarf-white surprised again the AFA’s kids with numerous Christmas games and magic. Fathers and mothers were decorated as Snowmen and Christmas trees.... [ more ]

Christmas party

On 20 December we had our Christmas party at the Chergata restaurant. We made it fun with all our hearts. At the party, we announced the results of our Best Decorated Christmas Room contest. Payroll were the absolute winner in “Overall Decoration”. The jury prized our colleagues from room 25 and 33 of the Audit Department for “Christmas Magic” and an “Original Idea”.... [ more ]

Culinary challenges

Each year, on the firm’s birthday our colleagues who indulge in cooking prepare delicious dishes and compete for our “Cuisinier” prize. ... [ more ]

Training and sharing experience and knowledge

This year also AFA had its usual annual training. Lectures, discussions, professional opinion sharing and case studies were held in June, September and October, following the programme for systematic improvement of competences of each professional at AFA.... [ more ]

ACCA at AFA

AFA’s management is ready to support and supports the aspiration of employees to pursue better training and professional qualification. It is the firm’s many years’ practice to co-finance the training of employees with demonstrated professional qualities for acquiring the qualification of a Chartered Certified Accountant.... [ more ]

Continuing our environmental policy in the financial 2009/2010 year

The Audit Department employees are initiators and active contributors to making the PAPERLESS AUDIT come true. As from the 2009/2010 season working papers are not printed but stored only in the form of electronic files (except for signed original documents). Clients are also required to submit information in electronic format.... [ more ]

Our environmental policy

Our understanding is that we all live together on out planet and therefore, we should be aware of the environmental crisis, climate changes, resource depletion, biodiversity loss. A change in attitude and thinking is required to make is aim at preserving air, water, all natural resources. Even more, we are obliged to contribute to environment preservation.... [ more ]

The AFA’s team

Our team: we are not only professionals that love their work but a team of co-thinkers confident of being able to rely on one another always when a need arises. ... [ more ]

Another anniversary two days later

Perhaps it is not a coincidence - the AFA’s adulthood with the 50th anniversary of one of the firm’s founders. ... [ more ]

18 years AFA

On 14 May AFA turned 18 years.... [ more ]

Easter eggs and cakes

By tradition, one associates Easter above all with coloured eggs and cakes. In our firm, we appreciate and stick to traditions and follow them with enthusiasm. This brings us joy and positive energy.... [ more ]

April 2009

In numbers, reports, balance sheets and tax returns, one more financial year is over. We finalised the annual accounts and before getting on with new assignments, true to our AFA’s way, we decided to organise our after-season training.... [ more ]

THE BIRTHDAY OF AFA

AFA celebrated its 16th birthday on 14 May. The event took place in the office of the firm at 38 Oborishte Street – with both high spirits and high-class cookery achievements.
The best cookers among the auditors and consultants of AFA prepared delicious surprises and the competent jury appraised and although with difficulty chose the winners.
The exhibition of photos and collages showed AFA employees and events from prior years while the childhood photos of the colleagues under the motto "Guess who am I" provoked a lot of laughter, wonders and some debates about the identity of some of the faces and changes that had occurred over the years.... [ more ]

In the end of April AFA celebrated its traditional after season party

In the end of April AFA celebrated its traditional after season party at the Spa Complex Orpheus in the town of Devin. The Rodopa mountain welcomed us with its magnificence and beauty. It was not our first visit there and it would remain as the favourite mountain to our team. We spent out time nicely resting and taking walks to the impressive Trigrad Gorge, the Yagodinska cave and the Devil’s Throat cave, to the architectural and ethnographic reserve Shiroka Laka village. We had the chance to taste the famous traditional Rhodopean cuisine, to enjoy ourselves in the freshness of the evenings with the purple colours of the sunset and the brilliant dreams for far-away stars. ... [ more ]

Taxation 2004 * Commentary

Traditionally our tax legislation is changing every year. In relation to the announced by Bulgaria willingness for accession to the European Union, these changes become more and their complexity increases as their goal is to achieve harmonization of the Bulgarian legislation with that of the Union.

The legislative amendments effected in the end of 2003 and during the first six months of 2004, are part of the process. Every year Ciela issues a publication comprising comments on the amendments of major tax laws named TAXATION * COMMENTARY. The experts of the tax department of AFA participate in the traditional publication of Ciela for 2004 with their comments on the effected amendments and supplementations of the tax legislation, in force for 2004.
... [ more ]

DICTIONARY
AUDIT, ACCOUNTANCY, TAXES, FINANCE, LAW


AFA OOD has the pleasure to offer you a specialized DICTIONARY in AUDIT, ACCOUNTANCY, TAXES, FINANCE AND LAW, issued with the assistance of the firm. The dictionary is an author's publication of Dobrinka Krasteva, a tax consultant at Tax & Legal Department of AFA and it is prepared in response to the necessity of systematized presentation of the specific terminology, applied in these fields.... [ more ]

Tax returns
Law on Individuals' Income Taxation Year 2003


In connection with the forthcoming end of the tax year 2003 and the deadlines for declaring personal income then received, AFA has the pleasure of offering you professional advice and assistance in the preparation and filing of your tax return, thus saving you efforts and time.

In case you are interested in this invitation, we kindly ask you to contact us shortly, in order to have the time needed for identifying and addressing all issues that might arise in connection with the taxation of your personal income.... [ more ]

Beloved university teacher celebrates 80th anniversary

Associate professor Katerina Karaivanova celebrated her 80th birthday in the famous Stavry Kalinov's gallery in Sofia. The party was a present from AFA’s two managers Mrs. Valia Yordanova and Mrs. Reni Yordanova who are close friends and grateful students of Mrs. Karaivanova and was organized by M3 Communications Group, Inc.... [ more ]

ACCA Employer Accreditation

AFA has been awarded PLATINUM APPROVED status in recognition of the support it provides for the training and development of ACCA (Association of Chartered Certified Accountants) Professional scheme students.... [ more ]

Practical Aspects of the Amendments in the Tax Legislation for the Year 2003

In relation to the annual closing of fiscal year 2003 AFA OOD has the pleasure to offer to your attention a training course-seminar in Practical Aspects of the Amendments in the Tax Legislation for the Year 2003 with emphasis on the annual closing and the problems that might arise in relation to the preparation of the annual tax returns. The training course is developed by the Tax & Legal Department of AFA OOD and covers the main tax laws - Corporate Income Taxation Act, including the procedure for application of the Double Tax Treaties, VAT Act, Individuals' Income Taxation Act, major issues in the social security and health insurance legislation, Local Taxes and Charges Act.... [ more ]

AFA Offers a New Service to Its Clients

In compliance with the requirements of Bulgarian Accounting Standards (BAS) an illustrative model of annual financial statements for the year 2002 has been prepared by the staff of AFA together with a control questionnaire for disclosure of accounting policy.

10 February 2003, Sofia

In response to the great interest shown by our clients and following our wish to contribute to their success with new and useful products, AFA offers to its clients an illustrative model of annual financial statements for the year 2002 together with a control questionnaire for disclosure of accounting policy.... [ more ]

National Accounting Standards Annual Closing of Accounts Corporate Income Taxation 2002

January 8, 2003, Sofia

In response to the large interest expressed by our clients and colleagues and following our desire to always contribute to their success by offering them new and useful services, AFA OOD continues its offering to conduct a training course on the practical application of Bulgarian Accounting Standards, the annual closing of accounts for the year 2002 and on the issues related to the preparation of 2002 annual tax return.... [ more ]

AFA celebrates 10 years of excellency in financial consulting and auditing in Bulgaria

December 2, 2002, Sofia.

More than 10 years after the start up of one of the first professional accounting, finance and auditing companies in Bulgaria AFA is recognized as the trusted advisor of the Bulgarian business. Many of partners, clients and friends celebrated the success of the company at the anniversary party held at the Radisson.... [ more ]

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