Self-Employed

Might any of these situations sound familiar to you?

You discover potential expenses, or have made payments that were not required and it is already too late to recoup them;

You discover that the business is not profitable after a long period of time that it has been happening;

You discover expenses that can be reduced or saved, that you didn’t know about in time.

If you’ve experienced this before, we can help.

We carry out the work of bookkeeping while emphasizing and being meticulous about accurate entries and regular adjustments with the understanding that the order, accuracy, and availability of the data are the basis for success and business growth. The concept is that the accounting system should be active and lead your business instead of being an afterthought.

Ongoing monitoring of potential expenses and locating additional missed data on time can save you tax payments when they can still be fixed and acknowledged.

Updating and sending profit and loss reports and card-indexes on a regular basis, accompanied by explanations, allows you to be updated in real time on the profitability of the business, identifying deficiencies and essential information for economic growth on time.

Let’s get started! Contact us today for a consultation.

Have you run into any of these before?

You discover unused benefits and it’s already too late to utilize them;

High tax payments that seem to come out of nowhere;

Fines, foreclosures

If you’ve experienced any of these before, we can help.

Our firm works with a strategy of financial awareness for saving, streamlining and managing your business.

In order to discover points for improvement, we perform out simulations throughout the year, as well as a multi-year taxation examination to find possible tax reductions and savings in time and of course in order to update the advances paid accordingly.

We handle the annual reporting and all dealings with the authorities to ensure that they are submitted on time and as required, so that you can avoid any unnecessary surprises.

Additionally, we perform a preliminary examination of the results of all aspects of future transactions. We believe that planning ahead will bring your business to maximum profitability and optimal savings and will prevent unnecessary aggravation.

So, let’s move forward to a more stable and promising business.

If you have not yet submitted your annual report, contact us now.

A capital statement is one of the tax authority’s main tools to fight against money laundering. The statement is a form required to be filled out for the year of activity that preceded the year of establishment of the business. Every few years,  according to the discretion of the tax authority, you will be required to submit a new capital statement.

Have you encountered any of the following?

A hearing after a capital statement;

A hearing relatives after a capital statement;

Requirement of additional tax to be paid;

Locating past documents retrospectively which are difficult to locate/restore;

desperately attempting to locate old documents.

In our firm, we help our clients submit their capital statements with maximum precision while paying attention and emphasis to the smallest details. After careful consideration and holding a preliminary examination of the assets, submitting relevant explanations ahead of time, training for collecting current references over the years and more, we help save you unnecessary, expensive, and exhausting hearings with the authorities.

Who is the service suitable for?

Business owners who have received a demand to submit a capital statement and wish to keep their finger on the pulse and control the situation and prepare for optimum outcomes when preparing the statements.

So, what do we do now?

Contact our firm today for a consultation meeting.

Do you recognize yourself in any of these situations?

Unexpected debt that arises during an audit of income tax/social security deductions;

Problematic pay slips and terms of employment which create unnecessary costs over time for the employer;

Confusion over the pension issue.

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.

Proper pension planning can save you tens - even hundreds - of thousands of shekels over time, yet most self-employed people leave that money on the table.

The mandatory pension contribution

Since 2017 the self-employed have a mandatory pension contribution. But beyond the obligation, the contribution is a powerful tax-planning tool that many fail to exploit.

Tax benefits of preferred contributions

Contributions to a pension fund, a study fund (keren hishtalmut) and a provident fund earn a tax deduction and credit. Planning the amount and timing correctly - especially toward year-end - maximizes the benefit and lowers the tax due.

Study fund for the self-employed

One of the most rewarding instruments: the contribution is a recognized expense, the earnings are exempt from capital-gains tax, and the money is liquid after 6 years.

We examine the full picture for you - income, tax and future needs - and tailor an optimal contribution mix. Want to maximize your savings and benefits? Get in touch today.

The business grows - and the decisions get heavier.

When is it worth moving from a licensed dealer to a limited company?

How do you price a new service or product?

When do you hire your first employee or expand operations?

These are exactly the junctions where professional guidance makes the difference. We accompany you through the business's big decisions - grounded in the data, a broad economic view and out-of-the-box thinking - so every step is calculated and worthwhile.

Unsure about the next step? Let's think it through together. Get in touch.