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Simple, relevant and practical: Our Nexova blog provides founders, startups and SMEs with the latest information on digital accounting and business management.

Accounting

Freelancers vs Employees: Which is best for your company?

The choice between hiring freelancers and full-time employees is crucial for businesses aiming to optimize their performance and financial efficiency. In this article, we explore the distinctions between these two types of workers, outlining the level of flexibility, cost implications, and operational impacts of each. By examining the key advantages and disadvantages, we aim to help you determine the most effective workforce structure for your company’s specific needs and goals.

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Navigating the Future: Revolutionizing Financial Management with Continia

In the nuanced framework of business operations, few pillars are as vital as financial management.  Finance and financial strategy are the cornerstones of organizational stability, growth potential, and impact.  In modern business we have entered an era in which financial clarity, accuracy in day-to-day transactions, and streamlined workflows are not only possible but simple and achievable.  When it comes to strategies and software platforms to support our corporate financial goals we are somewhat spoiled for choice, but as we travel together in this blog we’ll profile a standout contender in today's marketplace.

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ERP migration: from Navision to Microsoft Dynamics 365 Business Central

Companies that want to stay at the cutting edge of technology have to decide on the right time to upgrade or introduce new software systems. For users of Microsoft Dynamics NAV who are considering an upgrade to Dynamics 365 Business Central, it is crucial to know when the switch is appropriate and what the risks of hesitation are. This blog offers a concise insight into the technical and business arguments in favor of a timely migration.

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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.

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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.

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Use of Profits by Legal Entities

The allocation and distribution of profit is a crucial aspect of any business operation. Companies need to balance various needs while fulfilling specific legal requirements. This article explores the intricacies of profit distribution in Switzerland for both the GmbH and AG entities. We discuss the different ways that profits can be used and what to consider when deciding which of these uses is optimal. We also outline the importance of creating a comprehensive profit distribution plan and how to practically go about allocating profit.

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microsoft dynamics 365 business central

Outsourcing Accounting with Microsoft Dynamics 365 Business Central

Navigating the complex landscape of accounting software and solutions can be daunting for businesses. With countless options available, how do you find the right fit for your company? This is where Microsoft Dynamics 365 Business Central comes in, a comprehensive ERP solution for simplifying your business operations. Yet, of equal importance is finding the right accounting provider familiar with this software. In this article, we explore these considerations and more, as well provide a breakdown of what Business Central is and how it can help streamline your business.

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African elephant (Loxodonta africana) balancing on a blue ball.

GmbH Share Capital Increase

A share capital increase is an effective way for a limited liability company (GmbH) to raise new capital and thereby improve its financial position and expand operations. However, before considering a capital increase, company owners need to seek expert guidance to help them understand the intricacies involved, the different practical aspects, and the effects it may have. In this article, we provide a comprehensive breakdown of what a share capital increase entails for limited liability companies in Switzerland.

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Share Capital Increase for Corporations

A share capital increase is one of the most effective ways for corporations to raise new capital and thereby improve their financial position and expand their operations. However, before considering a capital increase, corporations need to seek expert guidance to help them understand the intricacies involved, the different ways to approach it, and the effects it may have. In this article, we cover all this and more, providing you a comprehensive breakdown of what a share capital increase entails for corporations in Switzerland and how to best approach it.

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Eight Reasons to Change Your Current Tax Advisor

Navigating the complex world of taxes can be a daunting task for even the most financially savvy individual or business, which is why a good tax advisor is crucial. But how do you know if your tax advisor is providing the type of quality service that you deserve? In this article, we explore eight reasons why you may want to search for a new tax advisor. We also outline some important practical considerations, as well as what to look for when selecting your new advisor.

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