BSPL Kft.

An English-speaking accounting office in Budapest, BSPL Kft. handles bookkeeping, payroll and tax compliance for companies operating in Hungary. The firm puts its own experience at more than 20 years, and across its team at more than 90 years in total, and it reports no tax penalties for its clients in the past five years. Much of its work serves foreign-owned businesses that need to deal with Hungarian rules in English. Owners who do not read Hungarian can deal with the office, its contracts and its reports in English throughout.

Setting up a company in Hungary

Clients often come to the firm before they incorporate. BSPL offers consultation ahead of company establishment, advice on choosing the right company form, and an outline of the taxes and payables a new business should expect. The office also works alongside law firms, so that the legal and accounting steps of a new company are coordinated. For foreign companies that need it, the firm handles VAT registration in Hungary.

Monthly accounts, VAT and payroll

Ongoing accounting is provided under contract, and each client is given its own secure client gate, an online area for exchanging documents and reports. Payroll work includes calculating wages and in-kind payments, registering employees when they join, and filing payroll tax declarations. The firm also prepares personal income tax returns.

Deadlines and briefings on Hungarian tax changes

The firm publishes briefings when Hungarian tax or reporting rules change, explaining the practical effect on businesses. Its updates have covered changes to invoicing and VAT reporting and government relief schemes. It also issues reminders of filing and payment dates for VAT, corporate tax advances, social contributions and local business tax.