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Startup Accountant

Our firm specializes in providing accounting, consulting and taxation services to start-ups

Our firm, Simon Accountancy and Economic Consulting, specializes in providing accounting and taxation services to start-ups or high-tech ventures that have not yet been incorporated as a legal entity. Our firm assists in effective tax calculations for companies, entrepreneurs, filing annual reports, bookkeeping, periodic reports, economic consulting, auditing and more.

Why does a startup company need an accountant?

Beyond the legal obligation to appoint an auditor for the company, it is not recommended that part of your company's resources be invested in work that is not related to the essence of your venture. There is no point in a start-up company investing time in bookkeeping, building a budget, submitting reports and economic calculations. Start-ups in the early stages of their lives are busy with work and product development, it is not worthwhile to invest resources in financial work but to export to a professional and skilled entity. 

How can we help you?

  • Outsourced accounting (CFO).
  • Opening files with the authorities.
  • Bookkeeping services.
  • Regular reports to VAT, income tax and National Insurance.
  • Production of salary slips and payroll accounting for employees.
  • Conducting an audit of the company, preparing an accountant's opinion for the company and submitting the financial report to the Tax Authority.
  • Preparation of capital declarations for individuals requested by the tax authority.
  • Building a budget and building financial models.
  • Tax advice and planning, so that the tax regime that will apply to you will be optimal within the framework of the law.
  • Assistance in fundraising vis-à-vis the Chief Scientist.
  • Help in preparing reports for investors.
  • Reporting in accordance with relevant accounting standards.
  • Additional and varied services: administration, cash flow management, options and more.

Why should you turn to an accountant with knowledge and experience in start-ups?

Although start-ups are companies incorporated in accordance with Israeli law (for the most part), there is therefore no substantial difference in terms of providing accounting services to a regular company or a start-up company. At the same time, the considerations and financing structure of startups are often very different from a regular company. Due to this fact, the accounting treatment varies in that emphasis should be placed on certain aspects that ordinary companies have nothing to focus on. Often, start-ups have options to consider, high operating expenses that would not necessarily be fully recognized in regular companies, and therefore it is important to have an accountant who understands startups in order to benefit the company.
 
In addition, our firm has connections with industry leaders and when we see potential for connection or recommendation, we do not hesitate to do so. We provide each start-up company with a package of services tailored just for it, together with the entrepreneurs in order to provide an optimal solution for wise financial conduct. Our goal is that the entrepreneurs will be able to devote their time to material matters of the enterprise and not to accounting matters  .
 
Simon Accountancy and Financial Consulting will be happy to help you build a successful company with a solid financial foundation For the rest of your journey, contact us below.