As an osek murshe you report VAT regularly, pay advances toward income tax and National Insurance, and file an annual return. Shemesh CPA handles all of it in English, through the year, so reports go in on time, advances match what you actually earn, and the year-end holds no surprises.
Does an osek murshe need an accountant?
Not by law. But an osek murshe must keep books, report VAT, pay tax advances and file an annual return, and most choose an accountant to handle it so the reports are right and they do not pay more tax than required.
What does an accountant do for an osek murshe?
Files the periodic VAT and income tax reports, sets the advances to match actual income, makes sure the books follow the rules, prepares the annual return and represents the business with the authorities. Through the year, the accountant also checks which expenses are deductible and how to reduce tax legally.
How often does an osek murshe report VAT?
Monthly or every two months, depending on the business turnover. The Israel Tax Authority sets the reporting frequency for each business.
Can I do the bookkeeping myself?
You can issue invoices and record expenses yourself, and accounting software makes that easier. The reports, the advances and the annual return depend on rules that are easy to get wrong, so most people record and let the accountant report.
Who this is for
Self-employed people registered as osek murshe who want the reporting handled for them
Osek patur businesses moving to osek murshe now
New residents and olim running a business in Israel
Self-employed people who may later move to a limited company
What we do
Periodic VAT and income tax reports
Setting income tax and National Insurance advances to match actual income
Bookkeeping under the Israeli bookkeeping rules
The annual return, and a capital declaration when required
Representation with VAT, income tax and National Insurance
Tax planning during the year, and checking when a company makes sense
Can we work together entirely in English?
Yes. Correspondence, explanations and meetings are in English, and we deal with the Israeli authorities in Hebrew on your behalf.
I already have an accountant. Can I switch mid-year?
Yes. Switching firms is a normal process, and we collect the files from the previous accountant and keep the reporting continuous.