Accountant for Licensed/Exempt Dealer

Our firm specializes in providing accounting and taxation services to self-employed persons with a licensed dealer / exempt dealer

Our firm, Simon Accountancy and Economic Consulting, specializes in providing accounting and taxation services to self-employed persons with a licensed dealer / exempt dealer. Our firm assists in effective tax calculations for the self-employed, periodic reports, submission of annual reports, ongoing financial advice and support in all financial aspects required as a self-employed person.

Introduction – the difference between a licensed dealer and an exempt dealer

The main differences between a licensed dealer and an exempt dealer stem from the VAT issue, an exempt dealer It is not required to report to VAT on an ongoing basis and in general – unlike an authorized dealer. An exempt dealer cannot demand the VAT paid as inputs for the operation of his business, unlike an authorized dealer who can purchase from a computer for his business and 'request' the 17% paid for the VAT back. The advantage of an exempt dealer is that he is not required to pay VAT, meaning that if he receives NIS 100 for a service he provided, his accountability will not be vis-à-vis VAT but vis-à-vis income tax and National Insurance.

The following is a simple summary of the rules stated in the table:

Authorized exempt
VAT collection must Not required
VAT Reports must Not required
Will get refunded/offset
The VAT paid
yes not
Revenue turnover
per year  (2023)
No Limit Max 107,692

Licensed and exempt dealers 

Our firm represents hundreds of licensed and exempt dealers, the range of occupations of our clientele is very diverse. The following is an example of our clients' occupations: lawyers, doctors, actors, singers, artists, athletes, coaches, architects, psychologists, chefs, engineers, service providers and more. Due to the variety of clients we represent, and combined with the vast experience and technology we use, we are able to provide quality services that benefit our clients. Every self-employed person has circumstantial data relevant to him, we know how to adapt this and maximize his rights. For example, a theater actor who purchases makeup can recognize this at the expense – unlike an athlete whose makeup does not help him generate income. That's why the importance of knowing the customer is critical, we make sure to get to know our customers in depth, what their occupation is, what their income and expenses are, and especially take care of their rights.

Quality of service – the technology at our disposal

With the advancement of technology, software designed for accountants has been built in order to facilitate the lives of accountants' clients and the work of accountants. Our firm is one of the pioneers in the field and even advises various software houses regarding their programs on how to improve the software. If once clients were required to bring physical receipts to the accountant, today there is no longer a need for this. Our application for the self-employed allows maximum convenience for our customers, you can photograph an expense on your phone and send it directly on WhatsApp to us, you can generate invoices and receipts, a job offer and more in our sophisticated application.

Accountant for licensed / exempt dealer – why us?

As we mentioned above, the technology at our disposal makes life incredibly easy for the self-employed and allows them to streamline and maximize their time. All that is required of them is a photograph of expenses and revenue generation in the designated interface. Our application enables tracking of business data at any given moment, viewing various reports, VAT reports (for authorized dealers) and more. Beyond the obvious technological advantage, our firm has over 30 years of experience, which puts the best interests of its clients above all else and strives to provide the best of the services.