I made my semi-annual trip to my accountant’s office yesterday and, as usual, it was not a pleasant experience. This is in no way my accountant’s fault! Rivki at Don Shrensky & Company is one of the nicest and kindest people I’ve ever met (i.e., she always tries to soften the blow) and she has the patience of a saint! The main reasons that these visits have been so painful (financially and emotionally) is my pathetic Hebrew reading skills and lack of understanding of the differences between the American and Israeli tax systems for self-employed people. This is not Rivki’s fault as I just recently moved my business to their office from a different accounting firm.
As we reviewed the many red notices I received in the mail while she was on maternity leave, Rivki pulled up my accounts online and explained the thousands of shekels in penalties lodged against me by the various tax offices for a combination of errors and my lack of response to their overwhelming (due to my lack of Hebrew mastery) paper in the mail notices. Rivki patiently and thoroughly explained every field on all the monthly & bi-monthly forms I am required to submit to Mas Hachnasa (similar to the US IRS), Bituach Leumi (national insurance – similar to Social Security + more) and Ma’am (the evil VAT – value added tax – people who have been making my life hell), as well as how I am supposed to calculate each and make the payments. [read more…]
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