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Hedva Lichtenstein
Hedva LichtensteinCertified Public Accountant
Questions & Answers

Frequently Asked Questions

We've collected the most common questions we get asked

How much does a CPA service cost?

The cost depends on the scope of activity, the complexity of the business and the services required. I charge a fixed, transparent fee agreed in advance, with no surprises. In a free initial consultation I can give you an accurate estimate.

I'm an employee - am I entitled to a tax refund?

Quite possibly yes. Tax refunds apply in many cases: multiple jobs, donations, life and pension insurance, children, disabilities, academic studies and more. Our check is at no upfront cost - you pay only if we find money for you.

Should I register as VAT-liable or VAT-exempt business?

The answer depends on expected revenue, type of occupation and client type (private or business). VAT-liable status has advantages in VAT offsetting and credibility with suppliers, but more complex reporting obligations. We'd be happy to advise personally.

What are annual reports and who must file them?

An annual report is a detailed filing to the tax authority on income, expenses and profits for the tax year. Required for self-employed, companies, employees with income above threshold, recipients of foreign income and more. We handle full professional filing.

How long does it take to receive a tax refund?

By law, when a return is filed the refund is paid within 90 days of receipt or by 31 July of the following year, whichever is later; in practice it usually takes a few weeks to a few months, depending on the Tax Authority's workload. I file the claim with all documents in order to shorten the process as much as possible.

Can I switch to you from another CPA mid-year?

Absolutely! Switching CPAs is possible at any time of year. We handle an orderly process - obtaining all documents and data from the previous CPA, and executing a smooth transition without disruption to ongoing reporting.

Is your service digital?

We work with a combination of digital and personal touch. All documents are transferred digitally, authority filings are done online, and there's access to a cloud accounting system. But when it comes to advisory - we believe in personal meetings and phone availability.

What's the difference between a CPA and a tax consultant?

A CPA is an academic certification under supervision of the Council of CPAs. Only a certified CPA like me can prepare and sign audited financial statements. A tax consultant can prepare reports for self-employed individuals, but their authority is more limited.

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About 30 minutes, free and with no obligation.

Free initial consultation · No obligation