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Accountant for non-profit / non-profit / non-profit organization

Our firm specializes in providing accounting and taxation services to non-profit organizations/institutions and companies for public purposes

Our firm, Simon Accountancy and Economic Consulting, specializes in providing accounting services to non-profit organizations.

What is a non-profit organization?

A non-profit organization is a general name, under this name come the following entities: public institutions, associations and companies for the public benefit. The non-profit sector is referred to by many names in public discourse, due to the different types of entities that exist. Beyond that, there are many laws and regulations that apply to these nonprofit organizations. There are definitions such as "the third sector", because it is customary to call the government the first sector and the business sector – the second sector. The common denominator of the various NPOs is the desire of people to promote different goals and provide products for the public good.

What types of non-profit organizations exist?

  1. Public institution – institutions of central government (government), local government (local authorities).
  2. Non-profit organization – defined in the Associations Law, 5740-1980. Section 1 of the Act: "A corporation for a lawful purpose that is not intended to distribute profits among its members and whose main purpose is not to make profits; The association is a high school with its registration in the register of associations."
  3. Public Benefit Company – Defined in the Companies Law, 5759-1999 in section 343A(a) of the Law: "A public benefit company is a company whose regulations stipulate only public purposes and a prohibition on sharing profits… to its shareholders."
  4. Public endowment – defined in the Trust Law, 5739-1979 in sections 17 and 26: "Dedication of assets for the benefit of a beneficiary or for any other purpose…" (One of the purposes of which is the promotion of public interest.) "… A trust whose purpose or one of its purposes is the advancement of a public interest…"
  5. Party – defined in the Parties Law, 5752-1992 in sections 1 and 4 of the Law, as "a group of persons who have come together to legally promote political or social goals and to bring about their representation in the Knesset by elected officials."
  6. Educational institution – recognized by virtue of the Council for Higher Education Law, 5718-1958 in section 9: "The Council may recognize an institution of higher education…. "
  7. Government company – defined in the Government Companies Law, 5735-1975 in section 1: "A company in which more than half of the voting power at its general meetings or the right to appoint more than half of its number of directors is in the hands of the state…" One of its goals is to provide the public with goods or services that are not in order to generate profits."
Why do you need an accountant for a nonprofit?
The type of non-profit organization is important, not necessarily every non-profit organization needs an auditor. It depends on the type of NPO, the NPO's turnover and other circumstantial things. Our firm accompanies dozens of associations and non-profit organizations of various types on an ongoing basis, prepares annual reports, advises, approval of proper management, recognition of Article 46 and many other services, which you can see below. We have the experience and knowledge to provide you with quality, efficient and comprehensive service for all your needs.

Services for Non-Profit / Non-profit / Public Leave

Opening an association / PRC

Help and support in the process of opening an association, advice on how to establish the association. Conduct vis-à-vis the various authorities: Registrar of Non-Profits and Tax Authorities

Bookkeeping for non-profit organizations

We provide bookkeeping services to non-profit organizations, non-profit organizations and unpaid leave, there are two types of bookkeeping: one-sided bookkeeping or the dual method.

Preparation for an audit by the Registrar of Non-Profits

The Registrar of Non-Profits may conduct in-depth audits of the conduct of non-profit organizations and unpaid leave. We will prepare your association for the Registrar of Non-Profits audit in the best possible way.

Accountant for the association

Any association with an annual turnover exceeding NIS 1.1 million must appoint an auditor. We will prepare an audited report in accordance with the relevant instructions and rules.

Auditing body (instead of an audit committee)

An audit committee is mandatory in a working association, we will assist you with an audit committee in the field of proper management and financial and accounting management as required by the Registrar of Non-Profits.

Applying for a certificate of proper management for non-profit organizations

We will prepare the necessary documents and reports in order for the organization to receive the certificate of proper management, proper management is a significant component of the life of the association.

Budget preparation

A nonprofit, like any other entity, is required to plan financially for the future. We help build an annual budget for nonprofits and help them obtain resources and plan financially effectively.

Regulation of Article 46 - Donations will be recognized for tax purposes

Recognition of an association in a public institution In order for a donation to it to be tax-deductible is critical for any association, we will accompany the association throughout the process and obtain the approval.

Writing procedures in accordance with the requirement of the Registrar of Non-Profits

An association is required to write procedures, we will help you write the relevant procedures for the managerial and financial fields.

Submitting requests for government support to NGOs

There are various supports for non-profit organizations that meet different conditions, we can help you request financial support and ease your exhausting and bureaucratic process.

Financial advice and ongoing general advice

We have the experience to help you conduct yourself correctly as a non-profit, there are various provisions and laws that instruct how officials and non-profits should conduct themselves - we will help you with everything that is required and comes out of it.

Fundraising & Fundraising

We can help you strategically approach a fundraising campaign from different sources.