Accounting August 9, 2024 | David Merz Setting up an IT company in Switzerland: A comprehensive guide According to Statista, there were more than 21,500 companies in the IT sector in Switzerland in 2021 - and the trend is rising. Switzerland is also known for its excellent educational and research institutions, particularly in the fields of technology and natural sciences. Switzerland can also boast some well-known IT companies, such as GetYourGuide, BeeKeeper and Scandit. But what makes this small but economically strong country so particularly attractive for entrepreneurs from the technology sector? In our article, you can find out why Switzerland is the ideal location for your IT company and what you should bear in mind when setting up a company in order to get off to a successful start. Read more
August 6, 2024 | David Merz Understanding Annual Financial Statements Financial statements provide a snapshot of a company's financial position and performance over a specific period. They are crucial for making informed decisions, attracting investors, securing loans, and ensuring compliance. In this article, we explore the three primary components of financial statements: the balance sheet, income statement, and the notes. We delve into the various elements of each and explain their significance for startups. Additionally, we discuss important considerations, including regulatory requirements, tips for preparing, managing, and utilizing financial statements, their practical applications, and common mistakes and misconceptions to avoid. Let’s dive in. Read more
July 11, 2024 | David Merz Should You Outsource Your Company’s Accounting? Deciding whether to manage your company’s accounting in-house or to outsource is a critical decision for SMEs and startups in Switzerland. Founders may consider the option of handling accounting tasks themselves to save costs and maintain control. However, the complexity of Swiss accounting standards and the significant time investment required can make this challenging and inefficient. This article explores the practical aspects of doing your own accounting and its pros and cons, and provides insights into whether outsourcing might be the better option for your business. Read more
April 24, 2024 | David Merz 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. Read more
April 23, 2024 | David Merz 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. Read more
March 14, 2024 | Lucia Robayo 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. Read more
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 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
November 7, 2023 | David Merz 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. Read more
October 31, 2023 | David Merz 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. Read more
