ERB | BOOKKEEPING | CFO | CONTROLLERS |PAYROLLS

ERB’s Spectrum of Financial Services

Financial and Accounting services:

Controller Services:

The department is available to assist companies in preparing their financial statements according to IFRS regulations, pursuant to the guidelines set out by the Securities and Exchange Commission and without compromising the independence of the auditor
Control and management of cash flow
Planning and executing financial inspection procedures
Managing employee compensation and incentive plans
Planning and managing global financial activities
Providing financial and operational services to foreign companies operating in Israel
Working in close conjunction with and providing supervision and control over external accountants of the company

Accounting Services:

Control and Risk Management Services:

Tax Services:

Tax returns for employees
Annual income tax reports
Declaration of capital
Tax planning and consulting
Representation before authorities
Tax planning and tax reduction
Managing unique tax issues including international tax in cooperation with a senior tax lawyer
Examination and finding solutions for international tax issues
Managing businesses that are facing problems with the tax authorities including tax reduction, debt rescheduling, fine cancellations and more
Hearings with Income tax on issues of capital assessment and declaration

Bookkeeping Services:

Full bookkeeping services to balance statement, multi-currency, in English and Hebrew, in all business industries
Implementing reconciliations of bank accounts, credit cards, suppliers, receivables and other accounts
Monthly, quarterly or annual trial balance and profit and loss statements
Cash flow statements
Value added tax reports, income tax including deductions and social security deduction
Monthly reports to the authorities
Implementing monthly payments to authorities
Services designated for accountants
Additional services modified to personal requirements

Payroll Services:

Processing and producing wage slips
Employee salary transfers via bank transfer and/or bank remittance system
Annual and monthly reports to the authorities (forms 106 and 126)
Payment to tax authorities: social security and income tax
Managing social security claims: reserve duty, maternity leave insurance and unemployment insurance
Managing termination of employer/employee relationship: managing compensation (form 161), release letters and transfer of balance of different funds
Allocating funds to study funds and manager’s insurance in full coordination with insurance companies
Consulting on issues such as salary, labor law and income tax
Producing managerial and costing reports based on the payroll system
Producing diverse reports – cost to employer, allocation to manager’s insurance and allocation for compensation
Producing range of professional reports according to the client’s requirements
Creating salary benchmarks for the purposes of negotiation and salary comparison
Tax rate adjustments for employees
Assist in preparing for tax authority audit – income tax and national insurance
Calculating senior executive salaries
Calculating maximized fringe benefits for the provision of provident funds according to paragraphs 47 and 45A of the tax law
Amounts for employees to deposit according to paragraph 47 to optimize tax benefits

Assistance and planning in establishing businesses:

Assistance in opening a business/company
Deep examination and analysis of company structure – company, licensed dealer, partnership or non-profit organization
Establishing companies at the registrar of companies
Opening VAT files, income tax files including deductions and social security
Developing business plan
Opening bank account and credit lines
Continuous guidance through the first steps of opening a business
Examining unique business issues such as credit lines, insurance issues, cash flow difficulties and more, and finding solutions
Accompanying the company in the administrative aspect