Foreign companies that are interested in developing business operations in Israel generally send a representative for preliminary meetings with accountants and attorneys in Israel on the basis of recommendations and/or preliminary market research. We receive many referrals through LinkedIn (Shimon Eitan’s contact information is below). In our opinion, the selection of an accountant in Israel can be crucial for the development and the success of the Israeli operation.
We are an Israeli firm operating in Israel. However, the global world around us has changed significantly in the past two decades and the State of Israel has become a preferred destination for international companies as part of their business activities in various fields. These include infrastructure and roads, construction, semiconductors, pharmaceuticals, fashion and leisure, consulting and global investment banking.
Over the past 15 years we have increased our activity in this area and one of our flagship specialties is now the provision of services to foreign companies operating in Israel whether through a branch of the parent company or as part of establishing an Israeli subsidiary.
We provide services in English to foreign companies conducting business activities in Israel, including the US, Ireland, Panama, Italy, Kenya, Canada, England, France.
We support all aspects of the registration, renewal and work visa processes for foreign experts who come to Israel. This includes regulation by the Immigration Authority and tax deduction policies in accordance with Israeli law. Expert salary examination in the procedures for handling requests for employment permits, residence and work permits for foreign experts and gaining approvals (Appendix C in the procedure) to extend work visas.
As we know, conduct in a foreign country can generally be complex. Our work in the area of financial services to foreign companies in Israel has, over the years, led to the development of effective working relationships with the business and banking community which is of tremendous benefit to our clients in achieving their business goals while shortening the time and processes.
We live in a challenging digital environment and our team have gained experience in providing services to digital media companies and e-commerce companies including the use of cryptocurrencies, companies based on blockchain technology and seed-stage start ups
Among Our Clients
The service and financial and economic guidance that we provide to small and medium businesses stand at the core of our ethos. We provide valuable assistance in business development processes, formulating business plans, raising credit and managing projects and budgets in accordance with their work plans.
We are proud of the completion of refinancing processes for dozens of businesses in Israel. Our long-term acquaintance with internal processes and senior officials in the banks’ credit departments and other credit providers has helped us optimize financing agreements to support our clients’ financial strength and business operations.
Since 1998 we have assisted in with raising credit from banking and nonbank entities, tailored to changing credit needs and optimization of commercial conditions working on tight schedules.
Over the years, we have managed to match and create successful business connections between our clients and third parties. Past experience shows that after our in-depth acquaintance with our clients and their desire to develop their businesses, we have found ways to help forge agreements that have led to leveraging competitive advantages.
preparation of expert opinions by request, we are appointed on behalf of one party or its representative before legal tribunals, including the provision of expert accounting testimony.
Our professional opinions may deal with analysis of cash flow and financial activity, measuring company value or ways to distribute business and private property in tort suits, loss of earning capacity, future profits, and more.
As an authorized salary examiner, we prepare opinion study in accordance with the provisions of the law to increase enforcement of labor laws and regulations in Israel.
We serve as arbitrators in business proceedings preparing expert opinions as part of the mediation/ arbitration process
The management of a family business requires the creation of optimal decision-making processes for the business. The firm’s staff has many years of experience in planning intergenerational transitions based on optimal tax planning.
You take the Credit. We process the Debit.
The firm represents Israeli companies that conduct business activities abroad, directly or through subsidiaries while emphasizing planning and the establishment of an international holdings structure at the optimal tax level.
The management of commercial and investment activity abroad includes international tax planning based on the client’s needs and an understanding of the legal requirements in the country in which the company will be establishing business operations. we have successfully guided many of our clients in mergers and acquisitions with foreign companies and have provided professional support for capital transactions.
We have cooperated for many years with attorneys, banking corporations, and accountants in many countries around the world including countries that are considered tax havens in order to optimize our clients’ business operations.
Our specialized team are experienced in the following areas
Moving from one country to another is a complex process in which tax planning is a vital part of the decision process. This applies to both a move from Israel and vice-versa. Our team have an in-depth knowledge of the various tax systems in Israel and internationally for the prevention of double taxation between Israel and other countries.
With the growth of e-commerce, fintech companies, and others, we have accrued experience in management and supervision of bookkeeping methods in accordance with Israeli tax & accounting laws, keeping directives including necessary adjustments to receipts in designated accounts that are not part of the traditional banking system such as Bitpay, Pepper, PayPal, etc.
Value Added Consulting. Professional Taxation.
“The determination, and the fact, that the parties involved chose a legal-low-tax type of structure does not necessarily reflect or indicate an “artificial” and/or hidden structure of any kind. It is the right, and some say obligation, of experts in tax matters to plan legal transactions such that they will not be tax-intensive.” (Supreme Court then-president Meir Shamgar: Civil follow-on hearing 3017/94, Hazon David et al v Land Betterment Tax Administration.
The business sector has constantly strived to reduce the effective tax obligation through legitimate ways. Its behavior vis-à-vis the tax authorities requires broad knowledge, an acquaintance with the stages of representation and being constantly UpToDate with changes in the field. We have many years of experience in this field which gives us the expertise in holding tax discussions with the Israeli tax authorities (Income Tax, VAT, and National Insurance Institute), including with in implementing encouragement laws and in formulating tax assessment agreements and trusteeship agreements for international companies that engage in business activity in Israel.
We specialize in guiding developers’ transactions and business activity in terms of investment in Israel and abroad, guidance of negotiation processes up to the formulation of commercial agreements and drafting binding agreements (in conjunction with legal counsel) up to signing, while emphasizing the optimal tax structure in the relevant circumstances.
Tax planning is a professional process that is consistent with Israeli tax law through which one can reduce tax liabilities Tax planning is intended for any person or firm that is interested in examining the possibility of reducing tax payments within the law or alternatively, who is dealing with a complex business, financial, level situation concerning various tax issues.
According to assessments by experts in the financial field, the State’s coffers are enriched every year due to faulty and/or deficient tax planning which results in tax payers not insisting on their rights achieving the optimal tax assessment.
One of the characteristic elements of real estate transactions is the multiplicity of taxes and various compulsory payments that may apply to property transactions.
Every taxpayer has the legal right to plan his business steps in advance such that he will save taxes. The taxpayer has the right to defer tax payments if this is possible within the restrictions of the law. Since legal provisions are intended to make it easier on taxpayers, they have the right, and even obligation, to take advantage of such provisions to optimize the process. We will examine all of the data from the transactions involved through all stages and recommend the optimal course of action intended to maximize returns
We have accumulated experience in voluntary disclosure processes vis-à-vis the tax authorities, by which an individual or a business voluntarily discloses tax violations it has committed. These cases defined as voluntary disclosure when the tax authority does not have information on the matter or has still not initiated an open or covert investigation in the matter.
Those who owe taxes and have committed tax violations may be entitled to full immunity from criminal proceedings We have dealt with anonymous disclosures (approved for limited periods from time to time; recent one ended on December 31, 2019).
Capital gains tax in Israel is imposed as part of the Income Tax Ordinance. The tax is imposed on the realization of assets such as securities, reputation and more. The tax imposed on capital gains from the sale of real estate in Israel is called “Land Betterment Tax”. The tax on most capital gains in Israel was 20% in 2012, and increased to 25% with some exceptions that are taxed at just 15%.
In order to determine the effective capital gains tax rate, we examine the following criteria together with the firm’s clients:
A “tax decision” is a decision concerning tax indebtedness, tax results, or the implications of tax indebtedness due to an action taken by an entity requesting a tax decision or due to income, profit, expenditure, or loss that he has accrued. A tax decision will be handed down by the institute for tax decisions before the action is taken, and in certain cases even after it is taken.
The Head of the Tax Authority is permitted to set out a tax decision with or without an agreement or to determine that no tax decision will be issued. Should the Head of the Tax Authority set out a tax decision it cannot be rescinded unless all the information has been provided or a change in circumstances, or if misleading, mistaken or false information has been submitted. Anyone requesting a tax decision will not be able to rescind the request unless it is with the approval of the Head of the Tax Authority.
The firm has experience in submitting requests for tax decisions sometimes as part of a larger team. After examining all of the data and circumstances specific to the case, our professional team will recommend an optimal course of action that combines reducing excess tax exposure with a simple and direct transaction structure that is tailored to the challenges of the business world.
Smart Accounting. Optimal effective Tax.
We believe our field requires in-depth understanding of the business-commercial world in order to provide our clients with real value – the kind that is felt at both professional and personal levels. We provide the firm’s clients with on–going professional support, including in-depth involvement in leading processes and initiatives – Based on business continuity as a going concern in a competitive and challenging environment.
Our professional experience includes:
Ongoing services – a wide range of services individually tailored to each customer including:
Salary processing – While interfacing with systems that collect data on employee attendance, ensuring that the provisions of labor laws are fulfilled (including consulting during the employee absorption and departure process (beginning and end of employer-employee relations), interfacing with operations people for ongoing reporting of wage peripheral payments (including periodic and annual reports to the tax authorities).
Consulting on labor law including calculation and preparation of professional opinions as part of legal proceedings.
Accounting is the language of business
Ongoing cashflow management is intended to predict anomalous situations and the timing of cash flow deficits. We have many years of experience in managing and supervising businesses’ cash flow and providing ongoing consulting and assistance in formulating solutions to expected anomalies in cash flow. We act in close co-operation with credit providers and the company’s owners and managers. We understand the importance and value of stringent and precise management of cash flow for the company’s stability and management’s focus on promoting its business goals.
Cash flow wins profitability!
Our guidance in this area includes constant measurement through internal management reports, holding frequent brainstorming and report analysis meetings, tax planning and analysis of the effects of regulation on the company’s continued business operations. This routine enables us to provide our customers with ongoing control and updates alongside stable planning and management capabilities as opposed to firefighting management.
Periodic and annual services
