Welcome to Israel’s Business World
taxes in israel
The Ben Shmuel Firm is a global accounting and business consulting firm providing services
to businesses worldwide taxes in israel. The firm employs dozens of professionals in
their fields: accountants, economists, tax experts, attorneys, cyber professionals, and more.
Over the past 20 years, since the firm’s establishment, it has provided services to thousands of
business entities, both public and private, in Israel and abroad in the fields of auditing, local
and international taxation, oversight of business transactions, mergers, and acquisitions,
valuations, payroll system management, financial management, and more. Among the firm’s
clients are global companies from the United States, Germany, France, the United
Kingdom, China, Japan, India, Brazil, and more.
As a global firm, we have the knowledge and experience to grant our clients an array of
services fitting for global businesses in the fields of international taxation, tax planning,
information security, consultation in the area of the Sarbanes-Oxley law, oversight of merger
and acquisition transactions, accounting, and financial management, as well as recruiting funds
required for the continued development of our clients.
The Ben-Shmuel Firm includes former executives of taxation departments in Israel and
taxation experts from around the world. Our offices have expertise in tax planning
for clients operating under the framework of more than one tax system through the optimal
utilization of tax benefits in each of the tax systems in which the client operates. Similarly, we
accompany our American clients in reporting to the American tax authorities in general, and
precisely according to the FATCA provisions.
In recent years, with the development of more sophisticated computer systems, businesses are
working to improve their information security and defense against cyber threats. Our offices
accompany our clients in the identification and management of cyber risks existing in the
business, providing recommendations to minimize the exposure to cyber threats, auditing of
electronic data processing, and more.
As a global firm, which handles many clients from the high-tech world, we have created a
service of external financial management adjusted to the needs of the client, and which
creates a competitive advantage for the client by the ability to use advanced financial auditing
and management tools while saving costs and not wasting resources. Within the service, we
examine the business’ economic system, the collection system, and billing; we will implement
an annual and multi-year budget plan, track its execution, manage cash flows in the optimal
manner, by way of hedging (for multi-currency companies) and, of course control the client’s
indebtedness and form of financing.
The firm has a sizeable financial department in which the best experts in economics
and finance operate. Among the clients of the debarment are Israeli and international
companies. The department has overseen dozens of IPOs to the public in the Tel Aviv Stock
Exchange, the preparation of prospectuses, due diligence, valuations, and more. The
department also handles clients dealing with banks in Israel and their
connection to their accounts abroad. The department oversees merger and acquisition
transactions of businesses from the stage of creating the initial contact until the
completion of the proceeding of transferring ownership / the merger while considering the legal, financial, and taxation aspects and submitting the requests for
preliminary tax decisions if necessary.
In recent years we have witnessed a tightening of the supervision from regulators in Israel and
the world on public companies due to colossal embezzlement discovered recently
in these organizations. This matter has made global companies and businesses emphasize auditing and internal auditing in the organization.
The Ben Shmuel Firm grants internal audit services to international companies, both public
and private, governmental offices, organizations, and other public corporations.
The services of the firm’s internal audit department include:
Creating an internal audit according to the annual internal audit plan by
the regulatory laws and requirements applying to the client.
Mapping and management of business processes and risks.
Creating a risk survey to locate exposure.
Aid in building the internal audit system.
Performance of quality control and auditing the implementation of existing controls in the
Building working guidelines for the organization.
Accompanying the companies in the processes required on behalf of the rules from the
Ongoing accompaniment and consultation for the organizations.
Forensic auditing and prevention of fraud and embezzlement.
Consultation for risk management in the capital market.
Taxation in Israel on employees and companies