Accountant for Tax Refunds in Ashdod

Who Needs a Tax Refund and Why It Matters

If you are self-employed, own an exempt business or licensed business, or even an employee who received a payslip with deductions that should not have been there – you likely have a right to a tax refund. This typically occurs when the deductions made during the year are greater than the tax you actually owe, or when business expenses have significantly reduced your taxable profit.

Most clients we work with in Ashdod do not realize they are entitled to a refund until a professional reviews their file. The point is that the tax authority will not reach out to you on its own – you need to submit a request, and every return must be coordinated with your financial records.

A tax refund can be substantial, especially if your business underwent changes, you opened a business mid-year, or you had large expenses that were not properly deducted. We frequently see such cases – a self-employed person who opened a business mid-year, or a company owner with international expenses that were not properly reported.

How the Tax Refund Process Works – Step by Step

The process is not as complicated as it may seem at first. We guide clients in Ashdod through it all the time, and each step is clear and well-defined.

1. Initial case review: We request from you payroll reports, pay stubs, advance tax declarations, annual report (if licensed business owner) and any relevant document. This review tells us whether you are eligible at all.
2. Calculating eligibility: We calculate the total deductions made on your behalf, compare them to your actual tax liability, and check whether business expenses or special deductions reduce the liability. At this stage, we also check if you are entitled to additional credits (for example, national insurance on self-employment income).
3. Preparing the report: We prepare a formal tax refund request sent to the tax authority. The report must be consistent with your previous reports – if there is a discrepancy, the tax authority will request clarifications.
4. Filing and opening a case: We submit the report to the tax authority and open a case in your name. The tax authority will send you a receipt confirmation.
5. Process monitoring: If the tax authority asks questions or requests additional documents, we handle the responses. This can take anywhere from several weeks to several months, depending on the scope of the review.
6. Receiving the refund: Once the tax authority approves, the money is transferred to your bank account. We notify you when the process is closed.

What is important to remember: if you are self-employed or a business owner, you need to have an updated annual report. If you are an employee, your employer's pay stub must be consistent with your annual salary report. We verify all these details before we send anything to the tax authority.

Common Tax Refund Mistakes – and How to Avoid Them

In many years of working with clients in Ashdod, we have seen patterns of recurring mistakes. Here is what you need to know:

• Submitting an application without an updated annual report: If you are a licensed self-employed individual and also an employee, you must have an annual report. If you send an application without it, the tax authority will reject it. We check this from the start.
• Discrepancy between the annual report and the wage report: If you reported one income amount on your annual report and a different value on your wage report, the tax authority will ask questions. The numbers must match.
• Attempting to claim expenses that do not align with income: If you are self-employed and claimed expenses that are too large in relation to your income, this raises red flags in an audit. We examine this proportion.
• Forgotten expenses or credits: Some of our clients did not remember that they had international expenses, or received national insurance payments that were not reported. A thorough review will catch these things.
• Filing too late: There is a deadline for submitting a tax refund request. If you wait too long, you may lose your eligibility. We help you file on time.

Who Should Contact an Accountant About Tax Refunds

If you are a resident of Ashdod and match one of the following scenarios, it's advisable to contact us for free consultation:

Self-Employed Individuals and Companies: If you are an exempt business owner or licensed professional, or a private company owner, you are required to file taxes annually. If you haven't checked whether you are eligible for a refund, now is the time to do so. We review your tax returns and determine if there is money owed to you.

Salaried Employees: If you are an employee who received deductions on your payslip, it's worth checking if they are correct. An employee who worked in multiple locations in a single year, or who received additional income (such as self-employment income), may be entitled to a refund. We review your payslip and calculate your entitlements.

Immigrants and Family Members Living Abroad: If you are a new immigrant or have income outside of Israel, taxation can be complicated. We assist immigrants and foreign residents with proper reporting and calculation of entitlements.

E-Commerce Business Owners and Startups: If you sell products or services online, or if you are part of a startup with multiple income streams, you need to report all of this correctly. We help you understand your obligations and find possible refunds.

Why Choose Us for Your Tax Refund

We are an accounting firm that specializes in assisting self-employed individuals, business owners, and companies with all accounting matters – including tax refunds. Ben Or Kook operates from Ramat Gan and Petah Tikva, and we have extensive experience with clients in Ashdod and the surrounding area.

Our approach is straightforward: we understand that our clients do not want to deal with the bureaucracy of the tax authority. We handle everything – the review, the calculation, the filing, and the process support. You receive a clear report on the amount owed to you, and when the money arrives, we notify you.

Our service is digital – you can send documents via phone or computer, and we handle them. The initial consultation regarding your tax refund is at no cost, and from it you will know exactly what needs to be done and what the expected amount is.