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Tax planning is tax optimization,
Tax planning is tax optimization,
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Description
Monthly accounting is mandatory for sole proprietors (osek murshe) and limited liability companies.
Osek murshe are usually required to keep unilateral accounting, while companies are required to keep bilateral accounting.
Unilateral accounting includes recording income and expenses and creating a profit and loss statement based on them.
Bilateral accounting, in addition to recording income and expenses, includes keeping records of customers and suppliers, as well as maintaining the business's bank accounts.
I provide the latest accounting software to clients, which not only allows them to invoice customers, but also to have accurate financial information about the business.
In Israel, the accounting requirements of the tax authorities depend on the industry and size of the business. They may include requirements to maintain an order book, a customer registration journal, and many other requirements.