4 Tips for a Tax Authority Surprise-Inspection

Many businesses in Israel might not "merit" a surprise inspection from the Tax Authority.  However, if you are one of the "lucky" ones, here are a few things to keep in mind that my staff and I noticed during one such visit to one of my clients. FIRST, fear not, the inspectors are human.  [...]

By |2018-12-06T11:20:28+00:00December 3rd, 2018|Accounting/Bookkeeping|0 Comments

Can Your Venture Survive the $2,000 Challenge?

A recent NPR podcast told of a report done back in 2011 by Oxford professor Peter Tufano.  He set out to examine how fragile American households are by exploring if a family could come up with $2,000 with 30 days notice. Research showed that most emergencies can be solved by $2,000: unexpected car trouble; [...]

By |2017-12-04T21:10:34+00:00December 4th, 2017|Business Strategy|0 Comments

Avoiding “Fashlas” by Your Accountant

The word fashla is Hebrew colloquial for “screw-up”. And yes, even your accountant, an Israeli charity’s best friend, can make a few. As a banker I see this particular slip-up more often than you think. Here are two ways to avoid your accountant inadvertently putting your organization’s bank account in the red.  PRELUDE In Israel, the [...]

By |2017-02-09T10:14:12+00:00August 23rd, 2012|Accounting/Bookkeeping, Banking, ללא קטגוריה|0 Comments

6 Questions to Help Choose the Right Conduit Organization

The sole purpose of my previous piece, Defining a Conduit Organization, was to address the more important question of this post, “How to Choose the Right Conduit?” After all, for many organizations operating outside the United States, specifically those in Israel, fundraising in America plays a vital role in the business strategy of the nonprofit.  Some charities [...]

By |2017-02-09T10:14:12+00:00January 27th, 2011|Financing a Nonprofit, ללא קטגוריה|0 Comments

6 Reasons “Friends of” Orgs Should Bank Abroad

The fiscal responsibilities of an American charity have become more complicated in recent years. Increased scrutiny from the IRS, more intricate tax documentation, the recent economic crisis, and donors’ need for transparency, are just a few of the challenges facing the sector. When a charity operates internationally these difficulties are only exacerbated. These global organizations [...]

By |2017-02-09T10:14:12+00:00December 16th, 2010|Banking, ללא קטגוריה|0 Comments