Membership department - Business track

Opening a case in the authorities and starting the business activity - one-time actions :

Opening a case for a limited company in the Companies Registry - 2,500 + VAT.

(Optional - can be done with an external attorney - at your discretion :)

Opening the company includes the following actions:

Preparation of standard company bylaws.
Signature authorization for shareholders and officials - unlimited.
Choosing a name and getting a certificate of incorporation.
Signing opening documents for the bank including signature verification by an attorney.
To this amount will be added a registration fee paid to the Registrar of Companies in the amount of NIS 2,412. As of 2024.
Opening a company file at the tax authorities - 1,500 + VAT
Opening a controlling shareholder portfolio - 250+VAT per shareholder.

(Independent or controlling owner of an active company is exempt from this action).

Initial start-up conversation Duties and rights / basic do's and don'ts in the company.
Update exemption from withholding tax for income tax and approval of public bodies.
Providing regular answers to any question in the areas of taxation / accounting / salary, etc.
A meeting with the director of the department to establish an internal accounting policy on the following topics:

Income and expenses, transaction cancellation and refund, investment and savings policy,

Assistance and training in setting a policy for an absorption diary in the business - at no additional charge.

Assistance in opening a bank account for the company - will be priced on a case-by-case basis. (optional).

Monthly accounting - monthly operations:

Management of customer and supplier cards.
VAT reporting and payment and income tax advances.
Reporting and payment of the 102 deductions report for withholding tax to suppliers.
Carrying out 2 tax assessments per year.
Reporting and payment of bi-monthly income tax advances.
Providing individual advice regarding tax savings as part of the tax assessment.
Consulting and training on the subject of managing accounting books according to the economic branch.
Providing income certificates for a mortgage \ property tax discounts \ kindergarten discounts (unlimited).
Update on expenses that have not yet been required \ examination of unusual actions in the bank account and more.
Handling and representation of social insurance claims for controlling owners such as: reserves \ pregnancy protection \ maternity benefits \ senior citizen \ award for reasons of justice.
Upload up to 60 documents per month.

(consolidation of income \ gas fuel \ refreshments \ clothes is considered as one document)

Closing the year:

Preparation of a financial balance sheet for the company:
Has a business turnover of up to 5 million excluding VAT - 6,500 + VAT.
Has a business turnover of over 5 million - 10,000 + VAT.
Over 20 thousand 15,000 + VAT

The preparation of the balance sheet includes an explanatory meeting on the structure of the balance sheet and an annual report to the Registrar of Companies.

Preparation of an annual report for controlling owners - 1,250+VAT.
Archiving and document storage services in accordance with the law - 360 NIS per year - optional (up to 4 binders)

(Storage for 7 years in a facility approved by the Ministry of Defense - information can be retrieved within 48 hours).

Payroll department - preparation of payslips and related payroll accounting services:

Production of pay slips - for shareholders and their spouses - 150 + VAT per month (up to 4 slips).
Each additional slip by 100 + VAT per slip.
Making a monthly report of report 102 + T.100 to the National Insurance.
Making 3 reports 126 to National Insurance per year. (Half A, Half B and overall annual report).
Making report 126 to the income tax.
Preparation of payslips in accordance with the laws and regulations applicable to every employer and economic sector.
Providing examples of employment contracts / hearing letters / dismissal / leaving for unemployment, etc.
Performing pension and compensation calculations.
Preparation of T.161 in accordance with the new regulations. (January 2024)

Who is the service path suitable for?

For those who have a business activity with a monthly turnover of up to 100 thousand per month.

Monthly payment of 1,650 + VAT.

Business owners who wish to conduct themselves legally and pay the minimum taxes possible.

Additional services of your choice: (additional charge)

Annual 856 report - withholding tax for suppliers - 500 + VAT.
One-month management regarding VAT or income tax - to improve cash flow. 250 + VAT.
Legal protection kit from fictitious invoices for sensitive industries 1,750+VAT.
- (Personnel \ construction and renovations \ maintenance and cleaning \ fuel trading, etc.").
Checking the allocation numbers of invoices with a high VAT component - NIS 50 per month.
Improving credit rating with BDI & Dan & Bradstreet - NIS 400 per point.
Proactive reporting of VAT online and detailed 874 250 +VAT.
Reduction of employee employment costs - 20% of annual savings - based on success.
Raising loans with the state guarantee - each case will be priced individually.
Carrying out valuations for the purchase / sale of businesses - each case will be priced individually.
Building an annual budget and financial forecast - each case will be priced individually.
Raising credit from banks and capital funds - will be priced on a case-by-case basis.
Building a business plan - each case will be priced individually.
Courier services from the business. (For customers in the Gush Dan area, from other areas an additional check of the availability of the service will be required).
Performing a proactive book management audit to identify deficiencies and preparing an accounting recovery plan by the office staff 2,500+VAT.
Representation in assessment hearings against the income tax and VAT - 7,500 per hearing
Representation before the Income Tax and VAT in book management audits. 5,000 per discussion.
Writing tax opinions for the income tax \ VAT 15,000-50,000 + VAT.
Preparation of the first capital statement 1,000 for controlling shareholders
A second capital statement at a cost of 1,500-3,500 + VAT. Depends on the complexity of the statement.
Carrying out tax coordination for those with multiple salaries - 250 + VAT.
Checking income tax returns up to 6 years back - 250+VAT or 15%+VAT of the return (whichever is higher)

PLATINUM track - Advanced accounting and taxation services

(-All that is detailed in route e business )

and in addition:

Performing monthly accounting in accordance with internal accounting policy.
Training of finance managers / internal accountants for the business.
Credit risk management with suppliers and customers.
Performing hard collection and demanding bad debts.
Holding a quarterly meeting with the bank's managers and ongoing dealings with a handling official.
Examining the financing needs of the business and adjusting financing solutions accordingly.
Examining the optimal form of incorporation for tax purposes. (Partnership, family company \ "Beit" company, etc.)
Building a quarterly budget and examining its actual execution 1 per quarter.
Writing an opinion in the field of TAYLOR MADE taxes in accordance with the company's work processes in aspects of managing accounting books for income tax and VAT.
Request for relief in the field of bookkeeping from the income tax according to the economic branch.
Reducing employer costs and creating payslips accompanied by a lawyer and an expert pay checker.
Writing work procedures for key positions in the organization.
Examining the merger and splitting of business divisions and business activities into separate profit units / fields of activity.