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The Payroll Thing

Everything you always wanted to know about payroll and labor laws but were afraid to ask

Tag Archives: tax_deductions

Now taking orders – salaried employee’s tax exemption and deductions booklet

If you are a salaried employee, you should know what tax deductions you are eligible for and how to get them. On sale now – for the small price of 50 sh send an email to mo***********@***il.com

Posted bymotal7October 28, 2012Posted inUncategorizedTags: employment, Israel, payroll, salaried_employee, tax_deductionsLeave a comment on Now taking orders – salaried employee’s tax exemption and deductions booklet

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Namemotal7
Company NameIsrapay
Business OverviewCSPP, Certified Senior Payroll Professional; Consultation & Analysis for employers and employees, mini-seminars on payroll and labor law issues

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  • motal7 wrote a new post on the site The Payroll Thing 12 years, 6 months ago

    Due to a recent law passed in the Knesset, there will be a huge upgrade in the awareness of Elderly people as to their rights. Many of them are unaware what their rights are. In order to combat unawareness the […]

  • motal7 commented on the post, How long do I need to keep my payslips ?, on the site The Payroll Thing 12 years, 6 months ago

    Date of birth is not listed on Israeli payslips. The same logic you could say for any document – don’t save anything with your name on it or your social sec # either.
    Don’t take this too far….
    In Israel there […]

  • motal7 wrote a new post on the site The Payroll Thing 12 years, 7 months ago

    If you are a salaried employee, you should know what tax deductions you are eligible for and how to get them. On sale now – for the small price of 50 sh
    send an email to moshe.israpay@gmail.com

  • motal7 commented on the post, Who can compete with this? Israel can!, on the site Almost Eden by Tehillah Hessler 12 years, 8 months ago

    Wonderfully put !
    I hope you sent it back to the solicitor who sent you the add !

    Keep up the great work, Tehillah

  • motal7 posted an update 12 years, 8 months ago

    Minimum wage update – Oct 1st 2012
    Great news for all salaried employees who earn minimum wages. After the govt. raised the v.a.t. and the latest price hikes in almost everything we buy, The minister of Industry, Trade and Labor, Shalom Simchon announced today that the minimum wages will be raised from October 1st, 2012. This is the last update a…[Read more]

  • motal7 wrote a new post on the site The Payroll Thing 12 years, 10 months ago

    How is Social security configured ?

    Social Security and Health tax are mandatory deductions from gross pay. In addition to the employee’s contribution there is also an employer’s contribution. They are configured […]

  • motal7 commented on the post, How long do I need to keep my payslips ?, on the site The Payroll Thing 13 years, 4 months ago

    First, most Israeli payslips do not have birthdates on them. True they have a lot of private information, and precisely for this reason most respectful employers issue payslips in personally addressed and sealed envelopes. Some large corporations issue all employees a sign-in user name and password to access their payslips on-line. whoever wnats…[Read more]

  • motal7 likes their own activity 13 years, 6 months ago

  • motal7 posted an update 13 years, 6 months ago

    2012 payroll changes: Income Tax – currently under legislation is a law that would allow working men to utilize the tax points allocated for children under 19 years old in place of their wives, who are unemployed or earn a minimum salary that doesn’t allow them to fully utilize the tax points. stay tuned.

  • motal7 wrote a new post on the site The Payroll Thing 13 years, 10 months ago

    If you want to retire with a “normal” amount of pension, you need to be sure you are utilizing to the maximum the options available to you.

    In order to do this you must first understand the makeup of pension […]

  • motal7 posted an update 13 years, 11 months ago

    Youth employment update (July 2011)
    ==============================

    In continuation of my previous blog entry on the issue of youth employment, The minimum wages have been raised (the rest of the information in my previous blog remain unchanged)
    (effective to July 2011 salary) as follows:

    The knesset has approved a raise of the minimum…[Read more]

  • motal7 posted an update 13 years, 11 months ago · updated 13 years, 11 months ago

    Just in time for the summer vacation ! Make sure your teenage kids who found a summer-time job are paid according to the law. The new minimum wages for youth are as follows:

    up to age 16 = 15.74 shekels per hour
    up to age 17 = 16.87 ” ” ”
    up to age 18 = 18.66 ” ” ”
    There are special regulations in…[Read more]

  • motal7 unlocked 2+ posts – Shuk Participant2+ posts – Shuk Participant 13 years, 11 months ago

  • motal7 posted an update 13 years, 11 months ago

    #special
    Learn how to read and understand your payslip. Check your payslip every month – you may be entitled to tax benefits that you are not receiving because your employer may have omitted or overlooked important details. Learn how to fill out your annual 101 tax form properly and avoid future headaches.
    Register now for Israpay’s upcoming…[Read more]

  • motal7 unlocked 2+ visits2+ visits 13 years, 11 months ago

  • motal7 created the site Everything you wanted to know about Israeli payrol 13 years, 11 months ago

  • motal7 uploaded a new picture: 11.2007.jpg 13 years, 11 months ago

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 2 months ago

    As expected the new area tax goes into effect today, March 20th, 2011. This new tax effects all workers in Israel. In fact it has been kept so secret, that you probably haven’t heard anything about it on the news. No wonder ! Read on and you’ll soon know why. Looking around at all the rebellions in […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

    So, you got terminated from your last job recently or you decided to find a job. What do you do first ? Well, you should always keep your CV updated, for starters. Secondly, you can scan the want ads in the papers, but there is a better way. With today’s technology you can scan job search sites for […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

    Thumbnail             The clothing stipend, or dmei bigud in Hebrew is not a labor law, and thus not all employers are liable to pay it. There are several ways in which an employer can pay the clothing stipend: 1) In the public sector (government, municipalities, police, career army, etc) it is paid as an annual payment via […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

    Thumbnail  There is a trend among employers, especially in Public sector jobs where there is a mandatory tender for every position. This lengthy beaurocratic process can take months. Especially if the employer hasn’t put the proposed position into the annual budget. In years past, there were employees who worked for years via employment agencies in the same place […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

    The Israeli Postal Authority has introduced a new service which allows a registered user to receive secure email, such as bills from the Electric company, water, cell phone and more and at the same time preserve the environment by using less printed bills and also ensuring quick and reliable immediate delivery, No more bills getting lost […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

     If you are a salaried employee and make less than 6,200 shekels (gross) you are probably eligible for the negative tax stipend. Up until this year, the stipend was gradually worked in, first available only to certain area residents, but starting in 2011 it will be available to residents of all of Israel. To help citizens, the Tax […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

    The new referendum issued by the finance Ministry applies to all public sector employees and is in effect from Jan 1, 2011 According to this referendum, both employee and employer contributions towards benefits in Kupot Gemel for pension will be raised by 0.5%  This means that from Jan 2011 – Dec 2012, the employee’s contribution will be raised […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 3 months ago

    Social Security recently published directives to employers regarding a change in the % of employer’s contributions towards their employee’s benefits via payroll. The changes are basically a reduction from the lower bracket (up to 4,984 shekels) and a raise in the % from the higher bracket (anything above 4,984 shekels). The amounts are gross (pre tax). the % […]

Recent Posts

  • Elderly citizen’s law
  • Now taking orders – salaried employee’s tax exemption and deductions booklet
  • Social Security reconciliation
  • The Pension Test
  • New mandatory area tax

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