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Services for Small Businesses and Companies in the Start-up Phase
The small business department renders services in connection with bookkeeping, tax reporting, annual financial statement auditing, annual statement filing, payroll preparation and monthly VAT filing and payment, capital declarations and representation of clients in connection with the Income Tax Authority, the VAT Authority and the National Insurance Institute. In addition, the department handles examinations and requests for tax refunds from tax authorities in respect of salaried employees. Bookkeeping services for small businesses require experience, accuracy, responsibility and ongoing attention. Our trained personnel have extensive experience in rendering these services.
In addition, the staff of the department has extensive experience in consulting and comprehensive handling of all tax-related issues. The department has close working relationships with the various tax assessment offices around the country and has developed a variety of services for handling ongoing tax matters and assisting in solving extraordinary problems and events.
The services provided by the department include:
  • Bookkeeping services for individuals and corporations.
  • Generation of monthly income statements.
  • Generation of monthly reports to the tax authorities – income tax, VAT and the National Insurance Institute.
  • Generation of annual reports to the tax authorities.
  • Generation of cost accounting and other management reports.
Payroll services:
  • Expertise in labor laws.
  • Processing and generation of monthly payroll slips.
  • Ongoing work with insurance companies and banks regarding payroll deductions.
  • Payroll transfers through the inter-bank clearing system.
  • Handling of claims against the National Insurance Institute (military reserve duty, maternity leave payments, unemployment, etc.).
  • Consulting on payroll-related matters and rendering expert opinions.
  • Tax planning and maximization of payroll deductions.
  • Monthly and annual filings with the relevant authorities.
Professional tax services include:
  • Examination of entitlement and assistance on filing requests for tax refunds for salaried employees.
  • Ongoing professional consulting on all aspects of taxation.
  • Assistance during tax audits conducted by the Income Tax Authority, the VAT Authority and the National Insurance Institute.
  • Preparation and filing of capital declarations with the Tax authorities.
  • Representation of clients at the respective tax authorities.
  • Handling problems relating to collections and enforcement and negotiating restructuring of debts to tax authorities.
  • Handling VAT refunds in respect of bad debts.