Re: Thoughts about Whether to Become Independant

On Tue, 18 Jul 2006 14:09:35 +0300
"Shlomo Dubrowin" <[email protected]> wrote:

> Regarding the Israeli Tax Authority:
> 
> My wife has her own business and is therefore independent.  The Israeli Tax
> Authority will only accept computerized information from specific expensive,
> non-open source, non-linux based applications.  Otherwise you have to keep a
> paper, handwritten ledger.  My wife keeps her books in a spreadsheet and
> then copies it into the ledger once a month.  Then she can send her reports
> or copies or whatever to her accountant.  Also important in Israel are the
> receipt books.  As far as I understand, every transaction needs to be
> written in the receipt book so the customer gets a receipt.  This is my
> understanding, the business is not mine, I just get to offer advice when
> requested. ;-)  Hope this helps you guys.
> 
>   Shlomo
> 

You need to give a receipt for all transactions, but I heard (you should make
sure though) that you are allowed to issue receipts using excel and such, you
don't need personalized receipts. You do need to be able to show records
though. There are also generic paper receipts you can buy.

AFAIK if you are not using a recognized accounting program you need to get an
accountant to sign off on you books.

> On 7/18/06, Gadi Evron <[email protected]> wrote:
> >
> >   On Tue, 18 Jul 2006, Chen Shapira wrote:
> > > I've been thinking about becoming independent as well.
> > > I add some of my thoughts below.
> > >
> > > > -----Original Message-----
> > > > 1. I'll have to do my own accounting, taxes, etc.
> > > > -------------------------------------------------
> > >
> > > Not necessarily. One can work with an accountant. It is even
> > > recommended, since I'm not sure if GnuCash covers the Israeli tax laws.
> >
> > Yes, but the Israeli Tax Authority would never ever forget about you.
> >
> > >
> > > > 2. I can do what I choose
> > > > -------------------------
> > > To some extent, this is true. However, you may have to take projects you
> > > prefer not to simply because you need the money, want to get a foot in
> > > the door with a specific client, etc.
> > >
> > > A friend of mine is an independent interior designer and she had to be
> > > back at work few days after giving birth, simply because her clients
> > > needed her and she didn't want to risk them turning to someone else.
> > > This is something employees don't worry about.
> > >
> > > > 3. I would need good contacts and publicity
> > > > -------------------------------------------
> > >
> > > I think this is the most difficult point.
> > > It is not enough to be known, you need to be liked as well. People will
> > > hire you only if they think that they'll enjoy working with you. I don't
> > > know of anyone who hired a consultant they didn't like. In fact, the
> > > consultants I know are the nicest people ever.
> > >
> > > Forgive me for being frank, but you have a knack for pissing people off.
> > > I think you can name more than one person who will never ever hire you.
> > > This is not the right direction.
> > >
> > > > 4. More time to do the things I like:
> > > > -------------------------------------
> > > Not sure about this one. Independents tend to be more busy than
> > > employees because in addition to their main job duties, they also need
> > > to do marketing, chase clients and force them to pay, etc.
> > >
> > > > 5. I can see the world:
> > > > -----------------------
> > > Anything prevents you from going to conferences right now?
> > > The only plus side is that the travel expenses will be tax-deductible.
> > >
> > >
> > > I think you can make a rather good consultant if you can only improve
> > > two things:
> > > 1. People skills. Actively try to be very nice and accommodating. You
> > > tend to annoy many people, and those you annoyed will not hire you.
> > > Don't fool yourself - No matter how good you are, people will not hire
> > > you unless they will enjoy working with you.
> > >
> > > 2. If you want to train people, you'll need to improve your public
> > > speaking skills. I saw you are already working on this.
> > >
> > > Thanks,
> > > Chen
> > >
> > > __________________________________________________________
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> > >
> > >
> > >
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
> >  
> >
> 
> 
> 


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