In January 2025, the Economic Efficiency Law (known as the “Locked Profits Law”) came into effect, significantly increasing the tax imposed on small Israeli companies with revenues of less than 30 million NIS. This legislation requires every company owner to … Continue reading →

As US-Israeli CPA working with US expats in Israel, I’m often asked by clients how they should report their US-earned income (from either salaries or self-employment) in Israel and whether this income is even taxable in Israel. Question #1: If … Continue reading →

As an accountant working with Israelis investing in real estate, I’m often asked the following question: what is the most tax effective way to invest in US real estate? The answer to this question depends on whether you are a … Continue reading →

As an accountant serving small company owners in Israel, I’m sometimes asked what to do with corporate profits: whether to leave them in the company to invest in assets or to take a dividend and invest as an individual. This … Continue reading →

For many of us, October 7 has changed the way we manage our daily lives and this also affects our businesses. The economy has slowed down due to the war and the planning horizon for many freelancers has narrowed down … Continue reading →

By Nathan Savransky, CPA With the start of the new tax season in Israel, many Israelis who are self-employed or plan to become self-employed should consider the advantages of setting up an Israeli corporation as opposed to remaining an atzmai … Continue reading →

By Nathan Savransky, CPA After the many e-mails and phone calls my office received in response to this prior article, I would like to share with the public at large my experience computing  Trump’s repatriation tax and estimating the GILTI … Continue reading →

TABLE OF CONTENTS Preface Filing Income Tax Returns & Information Returns Taxation of Non-Resident Aliens Penalty under the Affordable Care Act (a.k.a. ObamaCare) Election to include your Foreign Spouse in your Return Foreign Earned Income Exclusion and Foreign Tax Credit … Continue reading →

By Nathan Savransky, CPA One of the main difficulties faced by American olim trying to become self-employed in Israel is the double social security/bituach leumi tax. In addition to income taxes, self-employed Americans working in Israel face US social security … Continue reading →

By Nathan Savransky, CPA With the implementation of FATCA in Israel, I have been approached by many American olim who have not filed US tax returns since they made Aliyah and want to know what they should do to meet … Continue reading →