How Much Does an Accountant Cost for a Registered Self-Employed Professional in Petah Tikva?

Who Is This Guide For?

If you are self-employed in Petah Tikva or the surrounding area (Ramat Gan, Kiryat Ono) and have opened a registered self-employed business, you have surely asked yourself: exactly how much do I need to pay an accountant each year? This question is completely legitimate, as this expense will affect your profit and financial planning.

This guide explains the main factors that influence the price, what bookkeeping services and annual report preparation include, and what you can expect to pay within a reasonable range. We won't spin tales — only facts from the field and insights from real clients' experiences in Petah Tikva.

Even if you are a private limited company or interested in advanced tax planning, many of the principles we explain here are also relevant to you.

What Exactly is a Licensed Contractor?

Before we talk about price, let's clarify what we're talking about. A licensed contractor is a self-employed individual authorized by the tax authority to issue invoices with VAT. This differs from an exempt contractor, who cannot issue VAT and is subject to simpler reporting requirements.

As a licensed contractor, you are obligated to:

• File a comprehensive annual report with the tax authority (income tax report).
• Report VAT in periodic reports (typically every two months).
• Maintain organized accounting records — invoices, expenses, liabilities.
• Pay tax advance payments each quarter (or at other intervals determined by the tax authority).

This is exactly where an accountant comes into the picture. The complexity of this reporting is the reason for the price you pay.