Accounting Firm in Ramat HaSharon

If you are a freelancer or business owner in Ramat Hasharon, or if you manage a company in the area, you know that accounting can be complicated. tax advance payments, annual reports, payslips, reporting to the tax authority — there are many things to keep track of while you're trying to run your business.

Ben Or Kook Accountants is a firm that specializes in assisting freelancers, self-employed individuals, and companies in Ramat Hasharon and the surrounding area. We understand the needs of each category — from a freelancer who has just opened a tax-exempt business, to a private company dealing with complex reporting. For years, we have helped clients organize their books, save money through smart tax planning, and sleep peacefully at night.

This page explains what we do, who it is relevant for, and why you should choose an accounting firm that understands the local market.

Who we are and why Ramat Hasharon?

In Ramat Hasharon and the surrounding area (Ramat Gan, Petah Tikva, and more), there is a high concentration of freelancers in fields such as retail, services, technology, and export. Additionally, many startups and e-commerce companies are located in northern Tel Aviv and the center. Each group has different accounting needs — and that is exactly what we do.

Our firm focuses on personal service, not cold call operations. You speak with the same accountant who understands your business, not a case number. In addition, we offer a digital service — all your reports, payslips, and filings are easily accessible, without the need to print documents or wait for the mail.

Our services in Ramat Hasharon

Ben Or Kook Accountants offers a range of services tailored to your needs:

• Bookkeeping for freelancers and self-employed individuals — journal management, annual report, tax advance payments, and profit/loss calculation.
• Annual reports for private companies — financial statements, accountant's report, tax authority reporting, and national insurance.
• Payroll management and payslips — salary calculation, mandatory deductions, national insurance reporting, and pension funds.
• Tax planning and tax refunds — eligibility review for deductions, annual tax planning, and tax refund processing.
• Startup and e-commerce business support — bookkeeping from day one, VAT reporting, and international tax management.
• International taxation and relocation — new immigrants, foreign residents, and internationally-owned companies.

Why choose an accounting firm in Ramat Hasharon?

Choosing an accounting firm is an important decision. You want someone who understands your business, is responsive, and doesn't try to push services you don't need.

Ben Or Kook offers several different things:

Freelancers and Business Owners in Ramat Hasharon — What You Need to Know?

If you are a freelancer or an owner of an exempt business/licensed business, you are probably familiar with the feeling of surprise when receiving a response from the tax authorities. Or perhaps you are uncertain whether you are submitting an annual report correctly. This is exactly where we come in.

An exempt business owner is a business owner whose annual income does not exceed a certain threshold. A licensed business owner is a business owner registered in the business registry of the tax authorities. Both are required to submit an annual report at the end of the year, but the requirements are slightly different. Their advance payments (periodic income tax payments) also work differently.

Most of our clients initially think they are exempt business owners, but after review, it turns out they should register as licensed. Or vice versa — they are paying overly high advance payments and are unaware they could claim a refund. This is exactly what we help to sort out.

Limited Liability Companies in Ramat Hasharon — Financial Statements and Audits

If you own a limited liability company, you are talking about a completely different annual report. A full financial statement, an accountant's report (a certified public accountant report), corporate tax reporting, national insurance for owners — this is far more complex than a business owner's requirements.

Additionally, if your company pays dividends or has international transactions, this adds additional layers of complexity. Ben Or Kook assists companies of all sizes — from a small company with a single owner to companies with multiple owners and a more complex structure.

Employees, Tax Refunds and Double Deductions

You think tax refunds are only for freelancers? No. Employees can also file a tax refund under certain circumstances — for example, if there is a double deduction on the payslip, or if you have professional expenses that were not taken into account.

Generally, the tax authorities refund money to employees when there is an error in the tax calculation on the payslip. But to know if you are entitled — you need to review your payslip carefully. It is not complicated, but it does require knowledge. We help employees check their eligibility and file a refund request if relevant.

What Business Owners and Companies in Ramat Hasharon Need to Know About VAT?

If you are a licensed business owner or a limited liability company with high turnover, you probably need to file VAT reports. VAT reporting is periodic (usually monthly or quarterly) and describes your revenues and expenses with VAT.

There is also the issue of VAT exemption — under certain circumstances, business owners or companies may be exempt from VAT reporting if their income is below a certain threshold. But if you are above the threshold, or if you export, this is completely different.

In short, VAT is one of those topics you should make sure you are handling correctly. An error in VAT reporting can be expensive.

Common Mistakes We See — and How to Avoid Them

Over the years, we've seen several mistakes that repeat themselves over and over again. They're not fatal, but they can be frustrating and costly:

• Failure to keep receipts and invoices. You make a sale, you receive money, but you don't keep a receipt. When the annual report comes due, you don't know how to document it. Keeping receipts is a legal obligation, and it also helps you prove your expenses.
• Mixing personal expenses with business expenses. You spent money on parking, coffee, fuel — but you're not sure if it's "business" or "personal." The tax authority won't accept expenses that are not clearly related to the business.
• Failure to report small income. "It's only 5,000 shekels, no need to report it." Wrong. All income must be reported. The tax authority can discover unreported income through bank reports or customer accounts.
• Failure to pay tax advance payments on time. Tax advance payments must be made on specific dates. If you're late, you could face a penalty.
• Misunderstanding the difference between a tax-exempt business owner and a licensed business owner. You think you're exempt, but actually you should be licensed. This makes a big difference in taxes and reporting.
• Failure to update information with the tax authority. You changed your address, business name, or owner — but you didn't update the tax authority. This can lead to confusion in reporting.

When Should You Contact an Accountant?

You might be asking: "Do I really need an accountant?" The answer depends on several factors:

It's worth contacting an accountant if: You are a licensed business owner or a private company (it's almost always required); you're not sure if you need to file an annual report; you operate a business with complex expenses (purchases, sales, payroll); you want to check if you're entitled to a tax refund; you're concerned about a tax authority audit; you want smart and legal tax planning.

You might not need an accountant if: You are a tax-exempt business owner with very small income and no complex expenses (but even then, it doesn't hurt to get help). In any case, if you have any doubt, it's worth checking.

Ben Or Kook offers a free initial consultation. During the consultation, we listen to your story, review your situation, and offer a solution that works for you. No commitment, no pressure.