News

The 2012 New York Venture Summit
12th annual summit will showcase 50 of the hottest early stage and emerging growth Technology, Life Sciences and Clean-tech innovators.
If you are a Startup seeking capital and/or partnerships submit your plan for the opportunity to present at The 2012 New York Venture Summit, 28/06/2012, the premier venue connecting emerging growth companies with active Venture capitalists, Angel investors, Corporate VCs and Investment Firms.
 
 
 
 
BIRD - Israel-US Binational Industrial R&D Foundation to Invest $8.1 Million in Nine new Projects
The approved projects involve innovations in the areas of healthcare IT, technology for education, energy efficiency and biofuels.
Lung device co superDimension raises $11m
superDimension has raised $120 million from Israeli and US venture capital funds, including a $15 million loan from Oxford Finance Corporation.
For full story: www.globes.co.il

Shadow Payroll

Shadow payroll refers to a non-cash payroll established in the host country where an assignee is working. The shadow payroll is not the primary payroll from which the assignee is paid, as he or she usually continues to be paid from the home country payroll.
 
 
By conducting a shadow payroll in the host country, the employer will be able to remit local taxes in the host country to the revenue authority
 
The shadow payroll will assist the employer to meet local reporting obligations and produce the appropriate year end wage statements etc.
 
Our services include:
 
  • Issue pay slips (including simulations) and check tax regulations compliance
  • Provide on-going financial management
  • Track executive insurance, pension funds, and education funds with insurance agents
  • Conduct an account-end calculation in the event of employment termination
  • Manage National Insurance refund requests (reserve service, maternity leave, etc.).
  • Prepare and submit monthly and annual forms to income tax authorities
 
Payroll Controller:
  • implementing new employees’ agreement in the payroll and attendance systems
  • closing leaving employee’s account (Holiday redemption, recovery, severance (161, 161 a forms))
  • managing special situations like maternity or sickness pay and vacation
  • Knowledge in the tax attributes Knowledge in bookkeeping and Chief scientist