Tax Consultations in Israel

Shmuel Brodetsky, C.P.A., which you can find at the following link: https://auditing.co.il/en/ , provides consulting services on taxation in Israel. We will tell you about the main taxes in Israel and the benefits and privileges available to those who want to start a business in Israel (https://auditing.co.il/en/bookkeeping-services/business-in-israel-for-foreigners/ ) or to new immigrants.

Types of taxes in Israel

We can group taxes in Israel into four main groups.

  • Direct taxes are taxes paid on income and on real estate. Among these taxes is corporate income tax, profit tax on the sale of property, tax on owners of undeveloped land plots, land purchase tax.
  • The main indirect tax is the value-added tax. This group of taxes also includes import duties and purchase tax.
  • The social insurance fund comprises employer contributions from employees’ wages, part of the employees’ own salaries, and part of the income of the private entrepreneur.
  • Municipal taxes include charges for water use, garbage collection, and other utilities.

Income Tax

You as a business owner who is interested in starting a business in Israel, and about this you can read: https://auditing.co.il/en/bookkeeping-services/tax-consultations/ , will be important to know that the leading place among the taxes is the income tax. This concept combines several taxes: corporate tax, tax on profits from the sale of property, income tax on personal income.

Corporate income tax is levied at a rate of 36%. Profit is defined as the difference between the income received, and the expenses associated with the receipt of this income. And it is determined based on activity for the year. A fiscal year, which coincides with the calendar year, is established. Since the calculation of the actual profit is carried out yearly, then during the year advance payment is made monthly or once in two months, which goes to the fund …

5 Ways to Become a Real Estate Investor with Low Income

Real estate is the proper investment to get into and this is due to the benefits that can be gotten from it. For example, an investor is open to equity build-up, depreciation profits, land appreciation, and leverage. But can you invest in real estate even with your low income?

With little or no money, there are enough opinions on UK.collected.reviews to believe you can. From rendering real estate service to real investment, here are ways to go about becoming an investor.

1.  House Hacking:

From the surface meaning, you may think house hacking is house stealing or any other negativities that surround ‘hacking’ as a term. But far from it, house hacking in this context means you are putting your house up for rent. It could be part of your house or the whole of it. It could be your bedroom or any other units of your house. This can be done with little or no money at all. Understanding this is what you need to begin.

2.  Master Leasing:

In today’s world, you don’t really need a house or grand money to begin real estate investment. There is a technique called master leasing where you can rent out your rented rooms or apartments. Say, for instance, you bought an apartment and there are still rooms unused in the apartment, you can negotiate with your landlord to let you sublease the unused rooms with others and make more money from the venture. Once you’ve gathered enough money, you can decide to go for an option to buy your rented apartment at an agreed period.

3.  Real Estate Crowdfunding:

Since you don’t have the means, you can join other investors to source for investment funds. This process is known as real estate crowdfunding. There are agencies into this option as well as there …

Cryptocurrency wallet problems, solutions, prospects

Despite the fact that cryptocurrency is extremely popular, many more people have heard about it than they personally used directly. There are several reasons for this situation, for example, the need to use special software, cooperation with organizations working in the field of blockchain, and just the tendency of half of humanity not to trust everything new.

In such a situation, it will not be superfluous to talk again about some issues of using cryptocurrency, especially since the constant development and change of the cryptocurrency sphere changes many important aspects.

Cryptocurrency wallets and their problems

Since explaining all aspects of using cryptocurrency would take a whole book, we will focus on such an absolutely understandable and mandatory issue for everyone as the storage of cryptocurrency. Even if a person intends to simply purchase cryptocurrency and store it “under the mattress,” the cryptocurrency will be stored in a specialized cryptocurrency wallet. In fact, they are of two types, online and offline, but as life more and more goes online, we will not lag behind progress, and we will consider the current situation and trends in the development of online wallets.

In essence, an online cryptocurrency wallet is a specialized service provided to online customers. You are partnering with a company that safely stores your cryptocurrency and provides you with access to it. Now most of the problems with storing cryptocurrency have actually been resolved, it is enough to choose a reliable and modern wallet. For example, Onuranic, a little further we will tell you why we recommend it.

However, there are some issues that need to be addressed. At the moment, the most acute issue is the return of cryptocurrency, or rather the lack of such an opportunity. That significantly hinders the development of cryptocurrency and the expansion of the scope …

Building an App like Clubhouse

It took just a few weeks for Clubhouse to become the most downloaded app in the App Store. Its popularity surpassed even TikTok.

The peculiarity of the social network is communication by voice. Interest in the application was fueled by a certain mystery associated with the fact that not everyone can join it. An invitation from existing members is required. In this sense, the creators of Clubhouse, Paul Davison and Roen Seth, created the maximum intrigue, and everyone wanted to become members of a closed club. In less than a year of existence, the value of Clubhouse was estimated at a billion dollars.

At the very beginning, only stars and influencers joined the closed community. Even Elon Musk and Mark Zuckerberg are among them. The voice method of communication creates the illusion that you are talking to your idol live. You involuntarily want to come up with something like Clubhouse, right? Looking ahead, let’s say that it is quite possible to implement such an idea. There are teams and resources like https://agilie.com/en/blog/voice-chat-app-like-clubhouse-how-to-create that can help. But first things first.

How Does Clubhouse Work?

Communication on the site takes place in audio format in real-time. Only some chats can be recorded with the permission of moderators. Conversations take place in separate rooms ­ audio chats. There are speakers who have been given the floor, as well as listeners and moderators. If someone decides to become a speaker, he/she needs to raise his/her hand and wait for the approval of the moderator.

Each chat is dedicated to a particular topic. You can immediately see it in the name of the room. This enables participants to find topics of interest on the service. They also see which rooms the people they follow are visiting. Yes, in Clubhouse, you can also collect an army …

5 Best Money Saving Apps for Properly Managing Your Finances

If you want to manage your finances properly, you need to understand your cash flow, i.e., how money is coming in and leaving your bank account.

Several money management apps can help you track your spending and analyze and evaluate your spending habits. These money management apps can be accessed online and on your smartphone to help you make good financial decisions and take care of your finances.

On Collected.Reviews, you’ll find information and reviews on money management apps that are useful.

They include:

1.     Empower

Empower is an online banking app that also helps in budgeting.  It tracks your spending activity so as to manage your cash flow, and you can set either monthly or weekly spending limits to reduce your spending habits. This app has an AutoSave feature that enables you to set amounts you want to save weekly. Empower also cancels subscriptions you no longer use and negotiate your bills, so you’ll spend lower on your phone and internet bills. You can also gain interest in your AutoSave account and be in control of your financial budget.

2.  YNAB (You Need A Budget)

With YNAB, you can set financial goals and sync all your savings accounts to this app. It costs about $6.99 per month, and on this app, some features allow you to save money, determine your cash outflow, investing, and spending activities.

3.     Acorns

Acorns are online management saving apps that invest your virtual change. This feature allows you to invest without any hard work or effort. With Acorns, you’re allowed to carry out one-time transactions, which will boost your account, set up recurring withdrawals, and help you round up all your transactional activities. With FoundMoney, a shopping feature on this app, when you patronize certain brands, partners working with these …