Companies & Corporations

See if any of these bookkeeping scenarios sound familiar:

The accounting materials are not updated, reports are sent to you following erroneous decisions.

VAT refunds which unfortunately can no longer be claimed.

Collection of high commissions discovered very late.

Unnecessary payments to suppliers.

The company has been accumulating losses for a long time without your knowledge.

Uncollected customer debts because you were never informed that the customers did not pay.

Unnecessary payments to employees.

Duplicate / incorrect entries in the accounting books.

Failure to pay advances to the authorities in the right amount, at the right time.

Sadly, any such accounting mistake is costly.

These situations can be prevented with proper accounting.

Our firm can carry out the accounting work for you while emphasizing and prioritizing accurate entries and regular adjustments with all external parties and with the understanding that order, accuracy and availability of timely data are the basis for success and business growth.

The accounting platform is intended to aid the economic growth of the business. Proper accounting should be an active part in maintaining the resources of the business, not passive. We do this by conducting follow-ups and analyses, updating and sending profit and loss reports and card-indexes on a regular basis, accompanied by explanations, finding deficiencies and essential information on time, and more.

Have you always dreamed of having accurate up-to-date bookkeeping? It is possible.

Get in touch today to start working properly and responsibly.

Do any of these audit-time surprises sound familiar?

1) Reports have been submitted to the authorities/investors, but you do not fully see or understand the business results?

2) You have discovered unused tax benefits and it is already too late to exercise them?

3) High tax payments that come as a surprise?

An accountant is required by law to perform the corporation’s financial audit in accordance with accepted accounting standards, where in the end, an opinion will be given as to whether the financial statements adequately reflect the financial situation of the audited entity.

As a result of the audit report, findings emerge that may contribute to the business such as – economic, managerial and taxation findings. These findings are forwarded to the audited body after the audit, along with various recommendations that are expected to contribute to the audited body.

When our firm conducts audit reports we do so throughout the audit year: we examine the economic results, the factors and possibilities for growth, the management method and the need for change in order to make improvements, a multi-year taxation examination to find points for tax reduction and finding opportunities to save on time and updating the advances paid accordingly, all in real-time. Performing these actions saves you from the unpleasant “surprises” mentioned above, saves you interest on late payments and gives you peace of mind .

The services we provide:

• Auditing financial statements of companies

• Auditing financial statements of non-profit organizations

• Auditing financial statements in a variety of fields and industries

A high-tech company is the same corporation as any other company, but its unique nature greatly impacts a variety of aspects and therefore requires unique management and financial advice.

The State of Israel grants many tax benefits to high-tech companies, including:

Tax rates:

Depending on the area the company is located, the company can receive significant tax benefits in the form of reduced corporate tax and dividend tax.

Innovation Authority grants:

Grants for research and development [R&D] which may reach millions of shekels.

Grants from local authorities and philanthropic bodies.

Additional state grants.

Knowing the options allows the company to optimally utilize the resources and benefits to which the company is entitled by law.

Additionally, due to the nature of the high tech ecosystem, unique issues arise that require specific expertise such as: granting options to employees, intellectual property issues, reporting to and communication with investors, performance reports to funding agencies, and more.

Do any of the following payroll situations resonate with you?

1. Inefficient or unclear pay slips and terms of employment which create unnecessary costs for the employer over time.

2. A mess and lack of control regarding pension provisions.

3. Lack of knowledge of labor laws.

4. Lack of knowledge in reading pay slips, understanding them and performing controls.

5. Unexpected debt that arises during an audit due to unexpected income tax or social security deductions.

If you have experienced any of these issues, know that there is another way!

Our firm provides support in all relevant aspects of the employer-employee relationship, starting with the employment contract, examining the terms of employment, provisioning to the  various funds as required by law, complying with labor law, constructing an optimal pay slip and calculating financial aspects of termination of employment in order to give the employer peace of mind and the ability to focus on the core issues of the business with minimum disturbance.

Should I be self employed or start a company? What’s the difference?

Did you know that the income tax rate in Israel is about 50% for every shekel after a profit of NIS 15,000 per month, while a company pays a fixed tax rate of 23% on current profits?

Unlike those who are self employed, an owner of a company has the option to set aside a salary for themselves (including severance pay which is exempt from taxes), make provisions for a budgetary pension, take a loan of up to NIS 100,000 from the company without tax on dividends, etc.

Aside from the financial incentives,  an advantage of the limited liability company is that in the event of a lawsuit, the company is liable, not the owner, whereas a self employed person running a business will be fully liable.

How does this affect me? Which option is better for me?

Our firm will be happy to examine all aspects of your business, including taxation, organization and relevant regulations and provide you with a recommendation as to which form of governance is best for you at any point in time so that you can increase your potential for tax savings, including postponing tax payments to a future date and according to your needs.

Would you like to know if you have reached the stage of establishing a company? We invite you to contact us to schedule a consultation meeting.

Management makes big decisions - but is the data on its side?

Weighing material decisions without a clear financial picture?

Discovering after the fact that the chosen direction wasn't the most worthwhile?

Strategic guidance isn't a luxury - it's the difference between reactive management and proactive leadership.

We sit with management in periodic meetings, analyze performance against targets, examine trends and identify opportunities and risks in real time. From a deep familiarity with your business we help shape strategy, price correctly and make the big calls - expansion, hiring, investment or restructuring - based on data, not gut feeling.

Want the big decisions made with full control? Get in touch today.