Since Nextage began, we have provided full accounting management and compliance solutions to a wide range of clients from emerging companies to mid-size corporations and venture capital firms. Our team of dedicated professionals and accounting specialists are of the highest quality and we offer a comprehensive support service.
Nextage can provide you with a complete range of services that will enable you to effectively handle all your company's financial requirements. If your business organization is in the US, our US based subsidiary, Zetta, can provide you with full compliance solutions to meet all your financial requirements.
Budgeting
ESOP- Setup and Maintenance
Treasury and Cash Management
Strategic Operating Planning
Dynamic Revenue Modeling
Project Financing
Participation in process of International Tax planning.
Examination of Government grants opportunities.
Ongoing meetings with the Company's CEO to provide our extensive knowledge and experience available to the Company.
Participation in process of decision making regarding internal accounting/billing/ system.
Maintenance of long term contracts, bank accounts, employment contract, lease contract.
Due-Diligence process leadership or support.
Assistance with Capital Funding
Monthly Managerial Reports v v
Month-end Accounting Statements v v
Cash Flow Management v v
Year end closing v v
Preparation of financial statement v v
Working papers for auditors and support of annual v v
audit/quarterly review
Preparation of annual tax report working papers v v
and calculation of non-deductible expenses for audit
Cash Reconciliation Reports v v
Governing billing and purchasing cycle v v
Stock Option administration, accounting and tax v v
Transfer Pricing Planning
Transfer Pricing Documentation
Dispute Resolution
Preparation of bank reconciliations v v
Supplier payments v v
Account payable services v v
Account receivable services v v
Financial reporting services v v
A ccounting Reconciliation v v
General Ledger Maintenance v v
Inventory Reconciliation v v
Payroll Processing v v
Credit Card and Bank Reconciliation v v
VAT/ Sales tax Services v v
Payroll Administration v v
Payments: income tax, social security, insurance, v v
Social benefits", etc
Handling ongoing matters vis-à-vis various authorities v v
Annual Reporting v v
Acting as CFO and Controller of your company, we focus to minimize taxation while complying with local and international tax regulations and building most efficient tax structures.
Currently, we do not transfer prices studies as CFO of the company
we engaged with leading 3rd parties for preparing docs. and compliance including:
- Transfer Pricing Planning
- Transfer Pricing Documentation
- Dispute Resolution
Currently, we do not sign / file tax report filling.
as CFO and controller of the company we engaged with leading
3rd parties.
VAT, filing and compliance with Israel VAT regulations.
Special pre-ruling agreement with the VAT authorities.
Corporate Tax Compliance
Partnership, Estate and United States Federal Tax
International tax
State and local tax
Tax Credits and Attributes
Tax Analysis and Planning Assessment
Due Diligence and Tax Compliance
Strategic Alternatives Advisory
Portfolio Valuation
Treasury and trust services
Trust services for employee options
Quarterly and yearly reporting to tax authorities
re: ESOP (forms 146, 156)
Trust services for shares
Israeli and US brokerage service
Actual profit and loss, Actual vs. Budget v v
Preparation of financial statement and related
working papers to auditors and support annual
audit/quarterly review v v
Preparation of annual tax report working papers
and calculation of non-deductible expenses for audit v v
Write-up services v v
Accounting Reconciliation v v
Accounting Software v v
Payments: income tax, social security, insurance,
Keren Hishtalmut", etc v v
Participation in process of decision making regarding internal accounting/billing/ system
Assist the Company during a Due-Diligence process
Tax General -
Tax Report Filing-
as CFO and controller of the company we engaged with leading 3rd parties.
VAT Services-
Due Diligence v v
Negotiation of lending facilities v v
Accounting system implementation v v
Employee stock options management v v
Financial Consulting v v Strategic Alternatives Advisory v v
Portfolio Valuation v v
Human Resources Management v v
Meet Zetta - Our US Company
Zetta Financial Services delivers fully state of the art financial services to businesses and companies that have activities the US. We provide outsourced accounting solutions to businesses of all sizes, specializing in high-tech and early stage start-ups as we guide and support companies through their growth stages, until the right timing to bring in a permanent in-house staff.
Zetta was established to support the need of our clients with US activities. With more than 50% of our customers having operations in the US, we realized that in order to best serve them, we need to base ourselves closer to their operations.
Zetta was founded as part of the cooperation between Altum Partners, operating in the US, and Nextage, operating in Israel. As our teams of experts have vast knowledge pertaining to every accounting, reporting and tax procedure in both the US and in Israel, we provide unmatched experience and know-how in all aspects of financial management for organizations. We are dedicated to the mission of making your business succeed.
To find out more about solutions offered by Zetta, visit our Services page.
Zetta is managed by Gloria Yan. Gloria brings with her years of expertise in all aspects of financial services. She has spent the past 11 years at Montgomery Professional Services in San Jose, where she managed all levels of accounting for a large client base ranging from accounting for individuals to start up companies to established revenue-generating companies. Prior to this, she was the Assistant Accounting Manager at Researchers, overseeing all A/R and A/P functions for business division consisting of three individual companies located nationally. She also held an accountant position at Vip Litho.
Contact Zetta:
Zetta Financial Services
100 Century Center Court
Suite 400
San Jose, CA 95112
Phone: 408.320.0260
gyan_zettafinancial.com
Nextage is proud to introduce a new and advanced comprehensive online solution for companies that issue stock options and track corporate securities. Nextage's Stock Option Plan (SOP) Management Solution is an all-in-one flexible web based solution that enables companies to ease through their stock option updates and calculations.
The challenge:
Private companies and rising start-ups that issue stock options soon discover that they must incorporate an efficient and flexible tool to enable accurate and easy tracking of all existing data, in addition to required calculations, updates and other management resources. As a company grows in size and revenue, excel spreadsheets quickly become an outdated answer and a more compliant solution is much in demand.
The answer: Nextage's Stock Option Plan Management Solution
Nextage's SOP management solution provides private, venture-backed companies, and public companies with a powerful solution for managing stock options, corporate equity and compliance. The solution is a highly secure, web based management system that simplifies regulatory reporting.
While some solutions focus solely on stock options, our SOP management solution tracks and develops reports for all of your corporate equity including stock options, restricted stock, common and preferred stock, warrants and convertible debt. Since the system contains all the information pertaining to shares and options allocations, options exercise,
Share Sale, forfeiture and cancellation, the data is accessible at any time and just a few clicks away. Since the data can easily be managed by a company's HR professional your company can save money on data management. There is no need to contact lawyers or spend more on service fee since all the stock options are tracked and monitored within your organization, accessible at any time.
The benefits of the SOP Management Solution:
•As a web-based application, users only need an Internet connection and a web browser to access the system. Our SOP solution uses a single-sign-on system, which enables multiple individuals to access data simultaneously and in real-time.
•The SOP application is backed-up on a daily basis, and a comprehensive backup strategy is in place to protect client data against computer equipment failures. Moreover, the backup media is stored in an off-site location.
•Supports separate registries for Award Types such as Incentive Stock Options (ISO), Non-qualified Stock Options (NSO), Warrants, Restricted Shares, Equity Settled Share Appreciation Rights, Cash Settled Share Appreciation Rights and Performance-based Stock Awards
•The SOP Management Solution has simple and intuitive calculation tools that allow you to determine expected term, remaining contractual life, interest rates, volatility and forfeiture rates. These calculators simplify the process for calculating the valuation parameters required for the computation of option expenses.
•Quickly and easily determine volatility based on public peer group historical analysis, expected term, and interest rates, thereby simplifying the process of determining Black-Sholes fair value.
•The SOP Management Solution offers its clients built-in automated brokerage services through an online platform which enables equity plan participants to initiate options or restricted stock exercises over a direct connection via the SOP platform and Ez Custom Brokerage Services.
Implementation: Our team reviews, organizes, and uploads historical data into the SOP solution, ensuring accurate and smooth migration to our system. This includes grant documents and allocation plans.
Training: Receive full training sessions including grant updates, expiration handling, cancellations, employee departure, sales and more. After the training, you will be able to manage the system yourself, including entering or extracting all necessary data from the system to receive any required calculation or other information.
Client support: Our experienced teams of professionals are available during business hours to answer questions and guide you through the process.
We offer a full service package to accommodate and operate all your SOP management requirements, leaving you completely hassle-free. Our teams will supply you with complete services, from implementation stage to daily tracking and management. We will update the system as necessary and handle any changes and additions in accordance with your organization's growth. For any data you need, contact us and a representative will extract and send you the information.
Cash Management
We provide cash management solutions to aid our clients manage their funds in cost effective and efficient ways.
Many companies that have a significant amount of funds available, especially after equity funding rounds, keep these funds in the operating account, usually in a static state. As part of the service we provide and part of our professional strive to make this money
work for our clients, we offer several minimal-risk productive cash management solutions.
As a representative of over 100 companies in major Israeli and US banks, Nextage's clients are entitled to premium level services.
The advantage we offer is not limited to the level of service we can promise. Nextage's clients are entitled to increased interest rates on interest bearing accounts. Additionally, we assure no commissions are added to foreign currency conversion activities, which is very important for companies that raise their funds in USD and/or receive revenues in USD, while most of their operating expenses are in NIS.
By today, we have saved our clients hundreds of thousands of dollars thanks to the increased interest rates and commission-free conversions.
For the reason stated above, whilst many companies who work with more than one type of currency risk losing money in the exchange, it is important to protect the exchange rate of the USD/NIS and avoid losses due to changing rates. To do so, Nextage offers hedging services that include at least 3 hedging options, e.g. Cylinder, Forward positions, Put/Call options, etc. This way, the client, with the help of Nextage, can decide on the best strategy to help protect the company's money value and subsequently save a significant amount of cash.
Additionally, Nextage will help you open a new bank account anywhere in the world, saving your company time and resources.
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