5 BALFOUR ST, TEL AVIV TEL: +972-3-5282222
EREZ KOMORNIK C.P.A. (EK) was established in 1993 as a boutique accounting firm which values dedication, innovation, and distinction in all that we do and our professionals are dedicated to understanding your needs and turning your challenges into opportunities.
The firm’s specialist staff comprise of 20 professionals including accountants, auditors, book keepers and tax advisers.
We work with clients in various industries, as well as providing services to the individual taxpayer. Our services include the variety and quality you would expect of a large firm, while maintaining the personalized style of a smaller firm. Our services include accounting, bookkeeping, auditing, taxation, tax planning, due diligence, business consulting and advice, capital declarations, and payroll tax services (including representation and government incentives).
In recent years, the firm represents several Real State acquisition groups. The services includes: The group financial statements, reports to tenants for control purpose and for Capital gain Tax presentation, and also advisory to the organizers of the groups.
By tailoring our approach to meet the needs of our clients, we strive to become trusted business advisors helping organizations compete more effectively and achieve significant and sustained growth.
EK has an extensive experience serving the needs of business entrepreneurs, developers, owners of closely held businesses and not-for-profit organizations. Industries of specialties include high tech, investment companies, real estate investment groups , consumer products, , capital funds, , , publishers, coffee shops and restaurants, high schools and other institutions and non-profit organizations.
Areas of practice:
Our comprehensive expertise and philosophy of keeping our clients best interests in mind each step of the way allow us to provide our clietns with creative and practical solutions to achieve long-term business goals. Therefore, in addition to auditing financial statements, consultation and treatment with various tax authorities; EK areas also provide additional services including:
Tax Planning and Return Preparation
The firm specializes in tax planning and return preparation for:
Individuals
Corporations
Partnerships
Estates, trusts and gifts
Not-for-profit organizations
Taxing authority representation
Consultation on tax effects of buying or selling a business
Due Diligence and Business Consulting
Our team is comprised of experienced due diligence professionals, who analyze quality of earnings and working capital requirements through financial statements, independent auditor work papers and on-site discussions with executive management. Our focused and tailored approach enables us to rapidly identify and understand potential deal breakers, value drivers and other areas of specific interest to
our clients.
The firm offers its clients the services of auditing companies before acquisition or before emission in the Israel Securities Authority. Our services include:
Assess the target's quality of earnings, including the identification of overly aggressive accounting policies and the assessment of the adequacy of judgmental accounts, as well as GAAP accounting and SEC reporting compliance
Analyze cash flows (e.g., working capital changes, capital expenditures etc.)
Review on and off balance sheet assets and liabilities
Identify key business drivers, trends in profitability and significant concentrations of risk
Evaluate management's forecast
Conduct comprehensive discussions with management and their advisors
Perform both buy-side and sell-side due diligence
Internal Audit and Control
The firm handles Internal Audit services to public and private companies. and the firm experience and expertise include budgetary controls in government and local authorities such as preparation and monitoring of budget utilization.
Bookkeeping and Wages Services
EK is well known for its professional and vast experience in bookkeeping services for companies and individuals who are seeking to have timely, relevant and reliable financial information.
Outsourced CFO
we provide CFO level services to small and medium size business (SMB) who do not need or wish to employ a full time CFO. Our services include Cash flow, Operations, Accounting and Revenue. Our experienced team provides clients with information to make well-grounded decisions and to run the business efficiently.
Law for the Encouragement of the Industrial Research and Development.
The firm prepares and present reports to the Chief Scientist, The fund to Encourage Exports, Approved Enterprises and others.
Erez komornik – Founder and Owner
With more than 20 years of experience in accounting and auditing, Erez is a trusted advisor to many well-known business people. Erez has assisted his clients with many types of transactions. These include, among others, acquisitions and dispositions; debt restructurings; and business entity formation and structuring.
Erez was born in Israel in 1963. In 1992 he received his CPA license in Israel and he is a member of the Institute of CPAs in Israel and he received his B.A from The College of Management in Israel. (specialization in Accounting and Marketing).
Erez positions include, Director of a Public Company and Chairman of the audit committee (Rapid). Additional professional certifications are internal audit of public companies,
voluntary and court control liquidation on companies, bankruptcy and public trustee. Erez also serves as a volunteer in Non-Profit organizations as an accountant and bookkeeper.
Erez is fluent in Hebrew and English.