Producing accurate payroll slips (Tlush Shachar) is a fundamental statutory requirement under Amendment 24 of the Israeli Wage Protection Law. Non-compliant payslips expose employers to severe civil damages and administrative fines.

1. Why Smart Companies Outsource Payroll Management?

Managing payroll in-house requires constant tracking of complex labor agreements, updating tax credit points, monitoring pension clearinghouse responses, and calculating statutory deductions. Outsourcing to an experienced CPA firm ensures full compliance, zero filing delays, and complete protection against labor lawsuits.

2. Our Payroll Service Envelope: All Under One Roof

Our firm handles complete monthly payroll operations for businesses of all sizes:

  • Mandatory Payslip Itemization: Explicitly detailing gross salary, regular hourly/monthly rates, actual days worked, and overtime hours.
  • Allowances & Benefits: Travel reimbursement, meal allowances, bonuses, and recuperation pay (*Dmei Havraa*).
  • Mandatory Deductions: Income Tax, National Insurance (*Bituach Leumi*), and Health Tax (*Mas Briut*).
  • Pension & Benefit Contributions: Employer pension (6.5%), employee pension (6.0%), severance component (6.0%), and Keren Hishtalmut allocations.
  • Leave Balances: Exact accumulated and utilized balances for annual vacation and sick leave days.
  • 100% Protection: Eliminating statutory damages risks (up to 5,000 ILS per non-compliant payslip without proof of damage).

Bernstein & Co. manages complete, fully compliant payroll processing for businesses of all sizes.

Full annual tax compliance processing for Form 101 and Form 106.