Non-Profit Organizations

In the event that your non-profit organization is interested in the following, it will first need to receive a proper management certification from the Registrar of Associations:

Getting an approval under section 46 of the Income Tax Ordinance;

Receiving support from the state;

Approaching the Estate Committee;

Receiving support from government decisions;

Providing services by contracting through tenders;

Entering joint ventures;

And more.

Proper management approval is a basic condition for maintaining contact with the state – the lack of certification can paralyze the organization in one day. Our firm will carry out the application procedure as required until the awaited approval is obtained.

A small tip: even if two years have not yet passed since the establishment of the association, there are cases in which a filing certificate is also sufficient.

Would you like to get a proper management certificate with a peaceful mind? Contact us today!

Looking for more ways to increase donations to your organization?

Donations made to a non profit organization that has approval under Section 46(a) of the Income Tax Ordinance give the donor a tax refund (credit) in the amount of 35% of the donation given and for companies that donate – a credit in the amount of the corporate tax, currently, at a rate of 23%.

So, how does one do it?

The approval for the organization is granted by the tax authority after meeting many criteria and a cumbersome procedure of submitting various documents. Our firm will accompany the organization and conduct an examination before the submission, ensuring that the organization has the best chances of receiving the approval. In addition, adjustments and changes will be made as necessary in order to comply with the provisions of the law and get the approval.

Would you like to start the application process in the best way until the receipt of the approval as soon as possible? Contact us today to start the process.

• Was your business selected in the lottery?

• Has your proper management approval been revoked?

• Are you at a dead end in an audit by the Registrar of Associations?

Does this sound familiar? This is where we come in.

An audit by the Registrar of Associations, also known as a “proper management audit”, is performed by the registrar using expert accounting firms in the field.

Our firm is ready to provide assistance in handling the audit, submitting the materials and completing the process in an efficient, quick and optimal way.

Some of the topics examined in the audit include: conduct in accordance with the Associations Law and the Guidelines, conduct in accordance with the organization’s Articles of Association, analysis of financial statements, the functioning of the association’s institutions, expenses and payments, business activities, wages and personnel, management of fixed assets and inventory, and more.

Tip: Even before you are summoned for an audit by the Registrar of Associations, be sure to make assessments and comply with the rules of proper management.

Be sure to document and save everything in an orderly manner and in accordance with the rules and guidelines according to the following topics:

1. Incorporation documents, protocols, and appointments;

2. Personnel;

3. Procedures;

4. Reports (financial statements, reports to the Registrar of Associations);

5. An accurate and orderly system of accounts that includes a budget system in comparison with actual performance.

Would you like to be prepared in advance? Would you like to deal with the audit in the best way? Contact us today.

Is your organization a non-profit organization? If So –

Would you like to receive support from the state?

Would you like to know how to find the relevant support for you?

Have you applied for support but been rejected?

Have you applied for support and received a lower amount than you expected?

Our firm has a lot of experience in submitting applications for government support and dealing with the relevant parties until the maximum support for the organization is received.

Every year, the government ministries provide support from the state budget according to Section 3A of the Foundations of Budget Law, in a total amount of over NIS 3 billion to about 4,000 public institutions that operate in the spheres of education, culture, religion, science, art, welfare, health, sports or other similar purposes.

If you would also like to open a new financing channel, continue pursuing your goals and increase your activity, contact us.

Do any of the following situations sound familiar?

Demands that you return governmental support;

Receiving double support;

Receiving support in an amount lower than you are entitled to;

Incorrect performance reports;

Incorrect sources and usages report;

Endless bureaucracy and endless demands for additional documentation.

If your organization receives government support, it is subject to audits by the Accountant General at the Ministry of Finance. The audits that are conducted are: regular audits, short in-depth audits, medium in-depth audits and special in-depth review audits.

We will accompany your organization throughout the various audits with the aim of ending the procedure in minimal time and in an efficient manner.

On your part, be meticulous about documentation and and save them in an orderly manner and in accordance with the rules and guidelines of the Minister of Finance’s procedure for supported entities, and we will do the rest.

If the organization has an audit and/or you want to be prepared ahead of time, contact our office for a consultation meeting.

Did you know?

Sale of real estate without consideration to public institutions is exempt from betterment tax.

The sale of real estate by a public institution may be exempt from betterment tax.

A public institution is entitled to a reduced purchase tax.

Income from rent for a public institution may be exempt from income tax

The benefits are of course subject to a variety of criteria, and it is required to examine things thoroughly before making any transaction.

If you too wish to enjoy these benefits, contact us for a consultation meeting today.