Facts and tips, simple and practical Our Nexova blog provides founders, startups and SMEs with the latest information on digital accounting and business management. Get in touch! All Accounting Business Tax and Legal Search for: Business Management June 22, 2023 | David Merz Checklist for Starting a Business Setting up a business is an exciting and rewarding journey, but it requires careful planning and preparation. Whether you are a seasoned entrepreneur or a first-time business owner, having a comprehensive checklist can help ensure that you cover all the necessary steps. In this article, we will guide you through the essential elements to consider when starting a business in Switzerland. Read more June 3, 2023 | David Merz Why Switzerland Is the Perfect Location for Your Business Switzerland is a highly developed, landlocked country in Central Europe which is renowned for its political stability, strong economy, high standard of living, and business-friendly environment. Furthermore, it boasts an impressive financial sector, excellent infrastructure, and a highly skilled workforce, making it an attractive jurisdiction for entrepreneurs looking to set up a company abroad. In this article, we will explore the advantages of establishing a business in Switzerland, and compare the two most popular legal company forms available. Read more June 2, 2023 | David Merz Electronic Archiving Guidelines in Switzerland Electronic archiving of accounting data has grown significantly in recent years due to the increasing amount of digital information generated and the need to manage it efficiently and securely. In Switzerland, the adoption of e-invoicing has become common practice. In this article, we discuss some practical guidelines and requirements of electronic archiving in Switzerland, explore the benefits of e-invoicing compared to traditional paper invoicing, and answer some important questions related to tax implications and other factors. Read more June 1, 2023 | David Merz Successfully start a trading company in Switzerland: Your guide with Nexova AG Are you ready to start your own trading company in beautiful Switzerland? We at Nexova AG are here to help you take this exciting step. As experienced experts in company formations and commercial structures, we make your company formation process simple, efficient, and effective. Read more May 30, 2023 | David Merz Setting up a company: Switzerland vs. Germany – What you should know Choosing the right location is crucial when it comes to starting a business. In this blog post, we present a detailed comparison between Switzerland and Germany to help you make the right decision, discover the respective framework conditions, and learn what advantages and challenges both countries have for start-ups. Read more May 30, 2023 | David Merz Comparing Accounts Receivable & Accounts Payable: A Swiss Perspective In this article, we will explore and compare the concepts of accounts receivable and accounts payable. These two accounting components are at the heart of every successful business and are crucial for managing your liquidity and building successful long-term business relationships. Read more April 30, 2023 | David Merz Assets & Liabilities in the Balance Sheet: A Look at Swiss Accounting Practice Accounting is a crucial aspect of financial reporting and corporate governance. It enables companies, investors, and stakeholders to evaluate a company’s financial stability, performance, as well as its asset and capital structure. In this blog post, we will focus on the basics of accounting in Switzerland and explain the importance of assets and liabilities and their impact on a company’s financial position. Read more April 30, 2023 | David Merz Income Statement for a Sole Proprietorship As a sole proprietor operating in Switzerland, you may wonder whether it is necessary to prepare an income statement. While you may not be obliged to maintain detailed accounts, it is still essential to have a clear understanding of your business's financial health and to keep accurate records of income for tax purposes. An income statement will help you fulfil both these needs. In this article, we will explore the importance of an income statement for a sole proprietorship and the different methods of producing and presenting them. Read more April 29, 2023 | David Merz Depreciation Methods in Switzerland As your businesses acquires assets, it is essential to understand the concept of depreciation and how to record it. Depreciation is a means of accounting for the decrease in the value of assets over time due to usage, wear and tear, obsolescence, etc. In this article, we will explore the various depreciation methods used in Switzerland, why depreciation is important, the types of depreciation, methods for calculating depreciation, and how to record depreciation. Read more of 13 Would you like a fiduciary consultation? Let us work together. Book a call
Business Management June 22, 2023 | David Merz Checklist for Starting a Business Setting up a business is an exciting and rewarding journey, but it requires careful planning and preparation. Whether you are a seasoned entrepreneur or a first-time business owner, having a comprehensive checklist can help ensure that you cover all the necessary steps. In this article, we will guide you through the essential elements to consider when starting a business in Switzerland. Read more
June 3, 2023 | David Merz Why Switzerland Is the Perfect Location for Your Business Switzerland is a highly developed, landlocked country in Central Europe which is renowned for its political stability, strong economy, high standard of living, and business-friendly environment. Furthermore, it boasts an impressive financial sector, excellent infrastructure, and a highly skilled workforce, making it an attractive jurisdiction for entrepreneurs looking to set up a company abroad. In this article, we will explore the advantages of establishing a business in Switzerland, and compare the two most popular legal company forms available. Read more
June 2, 2023 | David Merz Electronic Archiving Guidelines in Switzerland Electronic archiving of accounting data has grown significantly in recent years due to the increasing amount of digital information generated and the need to manage it efficiently and securely. In Switzerland, the adoption of e-invoicing has become common practice. In this article, we discuss some practical guidelines and requirements of electronic archiving in Switzerland, explore the benefits of e-invoicing compared to traditional paper invoicing, and answer some important questions related to tax implications and other factors. Read more
June 1, 2023 | David Merz Successfully start a trading company in Switzerland: Your guide with Nexova AG Are you ready to start your own trading company in beautiful Switzerland? We at Nexova AG are here to help you take this exciting step. As experienced experts in company formations and commercial structures, we make your company formation process simple, efficient, and effective. Read more
May 30, 2023 | David Merz Setting up a company: Switzerland vs. Germany – What you should know Choosing the right location is crucial when it comes to starting a business. In this blog post, we present a detailed comparison between Switzerland and Germany to help you make the right decision, discover the respective framework conditions, and learn what advantages and challenges both countries have for start-ups. Read more
May 30, 2023 | David Merz Comparing Accounts Receivable & Accounts Payable: A Swiss Perspective In this article, we will explore and compare the concepts of accounts receivable and accounts payable. These two accounting components are at the heart of every successful business and are crucial for managing your liquidity and building successful long-term business relationships. Read more
April 30, 2023 | David Merz Assets & Liabilities in the Balance Sheet: A Look at Swiss Accounting Practice Accounting is a crucial aspect of financial reporting and corporate governance. It enables companies, investors, and stakeholders to evaluate a company’s financial stability, performance, as well as its asset and capital structure. In this blog post, we will focus on the basics of accounting in Switzerland and explain the importance of assets and liabilities and their impact on a company’s financial position. Read more
April 30, 2023 | David Merz Income Statement for a Sole Proprietorship As a sole proprietor operating in Switzerland, you may wonder whether it is necessary to prepare an income statement. While you may not be obliged to maintain detailed accounts, it is still essential to have a clear understanding of your business's financial health and to keep accurate records of income for tax purposes. An income statement will help you fulfil both these needs. In this article, we will explore the importance of an income statement for a sole proprietorship and the different methods of producing and presenting them. Read more
April 29, 2023 | David Merz Depreciation Methods in Switzerland As your businesses acquires assets, it is essential to understand the concept of depreciation and how to record it. Depreciation is a means of accounting for the decrease in the value of assets over time due to usage, wear and tear, obsolescence, etc. In this article, we will explore the various depreciation methods used in Switzerland, why depreciation is important, the types of depreciation, methods for calculating depreciation, and how to record depreciation. Read more