Accounting March 14, 2024 | Lucia Robayo Outsourcing payroll accounting with SwissSalary As digital fiduciaries in Switzerland, we know from experience how challenging payroll accounting and HR administration can be. We have discussed the difficulties of choosing software for companies and hence recommended Dynamics 365 Business Central as an outstanding ERP solution. In this article, we want to help business owners navigate the complexities of payroll by taking a closer look at SwissSalary, our tried and tested payroll software. It offers seamless integration with Microsoft Dynamics 365 Business Central for efficient payroll and accounting. Read more
February 22, 2024 | Lucia Robayo What entrepreneurs need to know about withholding tax in Switzerland If you run a company in Switzerland and employ foreign workers who are not tax residents of Switzerland (cross-border commuters) or who do not have a permanent residence permit (C permit), you need to understand how withholding tax works. This tax is deducted directly from income. Individuals who are living in Switzerland but do not have a permanent residence permit, as well as those who are not resident in Switzerland for tax purposes, are subject to withholding tax. Our blog post explains the finer points and details of withholding tax in Switzerland. Read more
February 22, 2024 | David Merz How to Create a Business Plan that will Convince Investors One of the first and most important components of starting a business is putting together a comprehensive business plan. This takes the form of a written document outlining the key features of your business idea, purpose and goals, and core strategies for achieving them. The business plan forms the foundation of a successful business and is crucial for convincing investors to provide the capital you need for your venture. In our comprehensive guide, you will discover how a well-structured business plan not only attracts investors but also serves as a strategic roadmap, decision-making tool, and communication device. We also answer all the critical questions you have about constructing a business plan and guide you through its suggested structure and content. Read more
February 21, 2024 | David Merz Commercial Register: Rights and Obligations The commercial registry is the most important public database of registered companies and commercial entities in Switzerland. Registering is one of the first hurdles that business owners must cross when founding a new company. In this article, we explore which companies have to enter the commercial register, what the registration process entails, and the rights and obligations that come with being a registered company in Switzerland. Read more
February 21, 2024 | David Merz Expense Regulations: What to Consider A company’s expense reimbursement regulations play a crucial role in maintaining financial transparency and ensuring fair compensation for their employees. The Swiss tax authorities impose specific guidelines and regulations pertaining to expense reimbursements. In this blog, we explore all the significant aspects of expense regulations in Switzerland, with a focus on taxation, types of expenses recognized for reimbursement, effective versus flat-rate reimbursement methods, and the important issue of having your company’s expense regulations approved by the tax administration. Read more
February 21, 2024 | David Merz Employee Gifts and Benefits in Kind: What to Consider from a Tax Perspective The culture of showing appreciation towards employees through gifts and added benefits is on the rise in Switzerland. More companies are realizing the great potential of these practices in motivating their employees, enhancing satisfaction, and nurturing a positive work environment. However, if you are planning to gift your employees, you need to understand the income tax and VAT implications. In this article, we explore the topic of employee gifts and benefits in kind. We examine the differences between them, their advantages, and importantly, the various tax implications involved. Read more
February 21, 2024 | David Merz New Stock Corporation Law: What are the Relevant Changes for SMEs? The recently enacted stock corporation laws in Switzerland have brought about crucial changes to the existing regulations, some of which are especially relevant to small and medium enterprises (SMEs). These reforms aim to enhance capital flexibility, strengthen shareholder rights, and modernize rules for shareholder meetings to align with the digital era. In this blog, we outline the most significant changes to the law, and explain what you need to know about updating your company’s statutes during this critical transition period. Read more
February 21, 2024 | David Merz Net Tax Rate Method When calculating and declaring VAT in Switzerland, not all companies have to follow the conventional effective billing method. This blog explores the net tax rate method as an alternative to the effective billing approach. We outline what the net tax rate method is, who can use it, and how it works in practice. We also examine the relative advantages and disadvantages of this approach and conclude on when it makes sense to use it. Read more
December 27, 2023 | David Merz Setting up a company in Switzerland as a foreigner Switzerland is an attractive jurisdiction for foreign entrepreneurs looking to establish a company. With its strategic location in the heart of Europe, excellent economy and infrastructure, and highly skilled workforce, Switzerland offers numerous opportunities for foreign investors. In this article, we will explore the process and requirements for setting up a company in Switzerland as a foreigner, along with some important factors to consider while doing so. Read more