Tax issues are a crucial aspect of each business. SZ Accounting and Financial Consulting Firm provides corporations, organizations, individuals and all other entities with tailor made solutions to fit the client’s business environment, while taking into consideration the sensitivity and complexity of the tax world. It is axiomatic that successful financial strategies include a pro-active tax planning component.

 

Our Tax Department provides ongoing tax consulting services for its clients with development centres, factories and technological ventures from start-ups to international corporations in various industries, which seeking for grants and incentives from the Innovation Authority or from the Investment Centre under the Capital Investment Encouragement Law.

After proper advice and broad business understanding, we will examine the feasibility of planning and creative solutions which face the company's needs while looking ahead to receiving tax benefits from the Israeli government.

 

Our services include:

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• Audit and review of tax returns for public and private corporations including the representation of clients before the tax authorities.

• Submitting personal reports to the tax authorities on behalf of share holders.

• Providing ongoing consulting and tax planning including holding structures in Israel and abroad.

• Professional second opinions.

• Obtaining certificates for withholding tax for payments to suppliers abroad, certificates for releasing funds from a trust as part of the sale of shares, and more.

• Obtaining residency certificates for overseas clients.

• Assistance in tax treaties with foreign countries.

• Assistance and construction of an outline in handling the disconnection of residency in Israel from the tax authorities.

• Taxation decision regarding the status of residency in Israel as a new immigrant, returning resident for a purpose of receiving tax benefits.

• Assistance and treatment in disclosing voluntary disclosure for unreported funds.

• Withdrawal of compensation and funds in a tax layout.

• Accompaniment in submitting the application for grants and incentives to R&D companies in the annual program tracks such as: "R&D Fund", momentum (for new ventures) and more, as well as examining specific grants relevant to the business activity.

• Assistance in a preparation and submission of ongoing reports to the Innovation Authority upon receipt of the grant approval.

• Receiving of approval for R&D companies as for recognize the deduction of R&D expenses in the same year in which they were incurred (20A section of the Income Tax Ordinance), and not just for a spread of 3 years as is customary by law.

• Apply for recognition of the company as a start-up company / target, in accordance with the Angels Law for a purpose of deducting investors' expenses.

• Obtaining an approval from the National Authority for Technological Innovation for the recognition of an innovation-promoting enterprise.

• Apply to the Tax Authority for a ruling relates to the purpose of receiving a tax decision for tax benefits under the Capital Investment Encouragement Law as a preferred enterprise, a preferred technological enterprise and more - until the tax reduction which relevant for a corporate tax rate (of 7% of taxable income).

• Marketing Grants from the Ministry of Economy and Industry (Smart Money, “Shalab” Program (Gateway for International Marketing) India-China Fund, etc.

• Getting benefits as for the fixed assets of the investment centre - 20% -30% grant for manufacturing equipment, buildings and fixed assets.

• Assistance in other incentive frameworks: encouraging capital investments and assistance in employment, green economy routes, reducing greenhouse gas emissions, allocating land without a tender and more..

• Assistance and construction of an outline in handling the disconnection of residency in Israel from the tax authorities.

• Taxation decision regarding the status of residency in Israel as a new immigrant, returning resident for a purpose of receiving tax benefits.

• Assistance and treatment in disclosing voluntary disclosure for unreported funds.

• Withdrawal of compensation and funds in a tax layout.

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