One of the primary entities in managing a business is National Insurance, both for the self-employed and for companies and associations. Individuals and employers are required by law to set aside part of their income for National Insurance – so that, if necessary, a safety net is put in place which provides certain benefits such …
“Attention = Money” A tax rebate occurs when the employer deducts from the employee more tax than is stipulated by law. Such an instance may occur when the employee is employed in several places of work, worked part-time during a particular tax year, or even due to an error by the payroll accountant or non-utilization …
“Whoever reports on the eve of Shabbat will sleep well on Shabbat” A Declaration of Capital is a report to the tax authorities on the significant assets held by the family unit, such as: bank accounts, real estate, savings, provident funds, vehicles, securities and so on and so forth. The purpose of the Declaration of …
“Proper and precise planning will lead to success” Clarkson Hyde Israel’s Tax Department helps its clients to economize the steps they take with their business in advance, thus protecting them from tax exposures. The tax advice in our offices is divided into several main areas: Corporate taxationReal estate taxationInternational taxValue Added Tax (VAT)Individual taxation and …
“Think before you act” Proper management on the subject of taxation is an essential part of running a business and increasing net profit. Among other things we pay taxes on sales, profits, certain purchases and more. A profitable business is a business which is planned – both from the aspect of the business itself and …
“Successful negotiation does not come from holding the good cards, but from knowing how to play them” Every now and then – routinely or due to irregular reporting – the tax authorities summons the dealer, company or non-profit association to discuss the reports that were submitted, in order to examine them and form an opinion …
“One and one equals three” In many instances during the life of the business, a change is required in the structure of the business for a variety of purposes – to reduce expenses, activity as a single legal entity, the advantage of size, splitting operating segments or transferring assets from an individual to a company, …
