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The Jewish New Year is called Rosh Hashanah, which means “Head of the Year”.This is a very important holiday, like a person’s head. Indeed, without a head, our body cannot exist. Everything comes from the head – our thoughts and our emotions. Therefore, this day is fateful both for each person individually, and for all

The income of enterprises in Israel has a rather high tax burden. But at the same time, there are many ways to reduce tax payments by correctly accounting for the costs of doing business. Let’s look at this issue using the example of cost accounting that occurs during working trips around the country or abroad. 

Description: On what foreign and Israeli income does the new immigrant have tax benefits on? What foreign income does not include tax benefits for new immigrants? How to report to a new resident of Israel on labor income from abroad? How does an Israeli citizen pay taxes after 10 years of Aliyah? First, I want

Israel is a country that takes the rule of law in all areas of life very seriously with no exceptions in the rules of doing business. Thus, the Israeli authorities are very attentive to any violations of tax legislation, which, as any businessman knows, is very confusing and can plunge a newcomer into a real

Content: The interaction of the company and the accountant. VAT Office (Maam). Income Tax Office (Mas Ahnasa).. National Insurance Service (Bituach Leumi). How are taxes paid? When opening any business, an entrepreneur in most cases will need a person who will be engaged in bookkeeping: he will keep records of all expenses and income, deal

The idea of ​​this article arose as a result of communication with our new client. Being a native of the post-Soviet space, he considered that all specialists that are involved in accounting and taxes in Israel are accountants by default. And he was very surprised that his previous accountant does not bear any responsibility for

Contents: In regard of which foreign and Israeli income does a new immigrant have tax benefits? What foreign income is not covered by tax benefits for new immigrants? How a new resident of Israel should account for the earned income from abroad? How does a citizen of Israel pay taxes upon expiry of 10 years

Contents: Why does business hide the income and evade paying taxes? How is tax evasion revealed? What does the entrepreneur face if the fiscal authorities reveal tax evasion? What do professionals recommend? In the practice of the audit company “Shmuel Brodetski Rohe Heshbon” there are quite a number of customers, representatives of small businesses, who

The tax system of Israel is quite complicated and confusing, while the total percentage of deductions is several times higher than that of most countries. To prevent this news from becoming a real shock for the newly arrived residents of Israel, the government, in particular the Ministry of Absorption, has long before developed a number

Contents: What does the new law require from a person engaged in business?. How much should be paid? What categories of citizens are exempt from such payments? How to choose the right pension program? Is there a penalty for failure to pay pension contribution? How to receive your savings? Are there any changes in the

Before starting a new business, choosing the legal form of its organization is one of the main problems for a first-time entrepreneur. For larger enterprises in Israel, there are two main forms of doing business – the Osek Murshe (or private entrepreneur) and the Hevra Ba’am (limited liability company). Below you will find out what

First-time entrepreneurs often ask the question — what type of company is more advisable to open? This question is especially relevant in Israel for small companies because there are two main options here — Osek Patur and Osek Murshe — and few know the differences between them. Below we will describe the main advantages of