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I’m not a big writer. Certainly not of personal feelings.  Yes, i cried when each of my children was born, and when they reached various milestones, but in general, my feelings are kept inside. Three times in the past though i have felt the need to put down some thoughts into words. The first was when a young mother, whom i had the pleasure of knowing (as the sister of a good friend from University days) passed away at the age of 27 after a very sudden illness, leaving behind a husband and three young children. The second time was

The Israel Tax Authority issued an important ruling regarding the donation of shares that benefits donors and Israeli charities. The Tax Authority ruled that when shares are donated, donors will get a tax credit for the fair market value of the shares donated and will  avoid paying capital gains tax on the transfer of shares by the donor. Previously, the tax authority required donors to realize the unrealized gains on the donations as capital gain subject to 25% taxation.  The donor will be entitled to claim a tax credit of up to 35% of the value of the donation on

As of 05/05/24, the "Israel Invoice" model will come into effect. According to the new model, the Tax Authority will issue allocation numbers for tax invoices issued to customers who are authorized dealers, through an online system. These allocation numbers will be required as a condition for deducting input tax in transactions above the ceiling set by law, which as of 2024 stands at NIS 25,000 (before VAT) and in accordance with the outline listed in the law. In order to operate the new model, preliminary settings of the system are needed Stage 1 First, someone in the business must be registered as

Partner since 2014 Specializations: Israeli taxation, Land Appreciation Tax, retirement planning How did it all start? Looking back it's funny to see how as a young man I ended up in the accounting profession that I now love so much. I come from an ultra-Orthodox and scholarly background, until the age of 20 I studied in a yeshiva every day, at a certain point I decided to enlist in the army and from there the road to Bar Ilan University was challenging but safe. I remember the deliberations of what profession to study and the great joy I felt when I discovered

Partner since 2014 38 years experience Tell us a little about how you got into your field of work? I've loved numbers as far back as I can remember, math problems were an amusement for me in my childhood. Unlike today, there weren't all the sophisticated computer games that keep today's children occupied, and that meant we had to keep ourselves occupied. My favorite past-time was numbers and naturally I continued with this love in my professional life as well. My first job was with the firm's founder, the late CPA Shlomo Aboulafia, who taught me the secrets of the accounting profession,

Partner since 2015 Specializations: US and international taxation You were born and raised in the USA - how did you decide to make Aliya? I have always known that I would like to live and raise my children in Israel. My wife and I decided at a very early stage in our life together that we would make the move to Israel. And despite the high level of motivation we shared, doing it with two small children aged three and five was no simple undertaking - the responsibility was enormous! And like all new immigrants, we were also faced with numerous pressures:

VAT return for the self-employed Osek Patur  Self employed persons must report to VAT their turnover (excluding expenses) for 2022 by January 31, 2023, to ensure that they are eligible to continue operating under the definition of an Osek Patur. The income ceiling for an exempt dealer for 2021 is NIS 102,292. If you have not yet reported, you can report in the blue form you received in the mail (or will receive later). Alternatively, it can be reported easily and quickly on the Tax Authority website. If you have exceeded the income ceiling, please contact your CPA as soon as possible. For your information, the

Many people avoid reporting to the tax authorities and thereby knowingly or inadvertently, bring upon themselves unnecessary emotional and financial difficulties. The words "voluntary disclosure" sound big and scary, but the truth is that if you get the right guidance from an expert CPA in this field, it becomes a simple and easy process. Our office has many years of experience in assisting many of our clients in the process of submitting late tax reports. We are knowledgeable in the laws relating to voluntary disclosure, and have the know how to assist customers throughout the process of collecting and submitting the documents. Therefore if you are

As we approach the end of the tax year we are happy to bring to your attention important tax updates that can help you submit the information to the tax authorities at the right time and manner. See our list of money saving tips for the end of the tax year. Feel free to contact us with any question.! General tips Pay all your  business expenses (Salaries, rent, etc.) before 31 December Postpone new revenue until the beginning of new year. Pay tax advances for the current tax year, which have not yet been paid, before the  31.1 of the new year in order to

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