Tax optimization, incentive laws benefits and grants
The current period requires prudent and tailored tax planning of corporate taxation, taxation of the entrepreneur and taxation of the dealer who has just opened his business. These are necessary conditions for the survival and competitiveness of any business regardless of its size and character.
Assessments and adjustment of tax activity to current tax policy will make it possible to prevent over-taxation, double taxation and exposure to tax penalties resulting from lack of foresight and planning. In addition, the 2019 reports should be adapted to the appropriate tax policy for the crisis. All of these activities can be entrusted to our Tax Department.
We are here to assist you in:
- Recovery of benefits due from Encouragement laws and grants from the state – these are updated in the news every morning and it is important for us to help each customer proactively, until maximum benefits are obtained.
- Initiate closing of assessments with the Tax Authority, while taking advantage of the crisis for possible facilitations in the management of the procedure
- Deduction of exceptional capital expenditures incurred as a result of the crisis
- Moving to cash flow basis if possible, to ease company’s cash flow
- Adoption of a policy to deduct bad debts as a current expense based on management’s assessment of debts recognized as income and not yet paid
- Consolidation of tax years in industrial companies
- Changing and adapting structures in the regulatory business reality to obtain tax improvement and performance support
Your tax experts:
Attorney (CPA) Guy Bar-On is a Partner and Director of the Tax Department of Baker Tilly
He holds a master’s degree (with honors) and a bachelor’s degree (with honors) in law as well as a bachelor’s degree in accounting and economics.
He is an Israeli taxation expert – individuals and companies. Formerly a coordinator in the National Assessment Unit of the Tax Authority, Guy has extensive experience in representing taxpayers in the various areas of income tax, capital investment encouragement laws, taxation of investments, transaction support, planning & tax consulting and structural changes. He also covers taxation of partnerships, deduction assessments, levies on foreign workers etc.
Adv. Kfir Imberman is a partner in the Tax Department at Baker Tilly Israel.
Kfir deals with taxation and tax advice to corporations and individuals, including the implementation and maintenance tax planning and transactions in the country and abroad, Kfir has extensive experience in providing consulting, comprehensive Commercial Taxation, including the legal aspects, for corporations and companies in a variety of sectors, including high-tech commercial technologies and intellectual property. In the past he served as the general secretary of the Halev – a movement for fighting poverty (a registered association) and co ordinating classes as a business consultant in the “young entrepreneurs” project
