Swiss Accounting

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Company creation

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Tax Consulting

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Insurance Advisory

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Swiss Accounting

When we speak about building a successful company and growth, each entrepreneur should have its mind set on the accounting of the business. In Switzerland, smaller companies can choose between keeping the accounting based on the cash flows or based on the date of the invoices. This can be an important point to think about if you give your clients longer pay terms. When a new company is started, entrepreneurs often need to reduce at maximum the fixed costs and facilitate the entries. Choosing a cash-flow based bookkeeping could then help you reduce the tax burden and concentrate on your business growth.

At Uzunov Consulting, our objective is to find the easiest and most profitable way for you to run your business. We advise you on the Swiss accounting rules, the deduction of your expenses, the invoicing and payroll procedures etc.

To have a performant accounting you also need a reliable accounting software. Our team helps you to find the most suitable IT solution. We can help you with the installation of the program, the initial settings and the follow-up. Uzunov Consulting is an official partner of on of the most used accounting softwares in Switzerland. We work with cloud based solutions like that helps us perform a real time accounting. We also provide services for complete ERP systems.

Our Swiss accounting services include:

  • Bookkeeping
  • Payroll
  • Consulting and assistance for the closing of accounts
  • VAT follow-up

Company setup

Switzerland is the most innovative economy in the world. The country is also an extremely entrepreneur friendly place with very efficient administration and strict rules. There are several things to know before you create company in Switzerland.

First and foremost, you have to be sure that your idea is adapted to the market. Our work is to help you do an insightful market research, build a solid business plan, find the most suitable name, protect it and arrange the initial objectives for the entity.

Secondly, you have to decide on:

  1. Where to install your company?
  2. What structure to choose?

In Switzerland, each canton offers different tax advantages. The country also has four official languages, so this is an important step to think about when you decide on company domiciliation.

The next important point is the type of structure you would like to create. Would it be better to have a capital entity (SA, SARL etc.), a personal company, association or foundation? Each one of these propose different advantages. Our objective is to guide you through the entire process – from the creation of the entity up until the future financial, tax and accounting management.

  • Our services include the following activities:
  • Preparation of draft statutes and other corporate contracts
  • Company Set Up Administration (Trade Registery, Notary and others)
  • Business control and processes
  • Evaluation of internal management systems and organization
  • Representation in boards
  • Domicailiation of companies

Tax Consulting

The Swiss direct tax system is based on three pillars – federal, cantonal and municipal taxes. Whilst the first level is the same in the entire country, there can be significant differences between cantons and municipalities. This is the so called principle of tax competition that applies in the country.

If it is already clear for you where your business will be, then you should concentrate on different other points.

VAT is one of them. The standard rate in Switzerland is 7.7%. The VAT subscription obligation starts at 100.000 CHF revenues in one tax year. If you however have less than this amount you can opt for this taxation. Certain businesses like education, medical services and others are VAT exempted. Others like food wholesale or hotel services could have a reduced rate of 2,5% or 3,8%. Contact us to know the exact VAT details about your business.

As mentioned previously, tax on revenue for individuals and tax on profits for companies could vary according to the location of your business. Uzunov Consulting helps you find the most suitable place for your company and we advise you on the tax deduction rules applied in each canton.

Our services include the following activities:

CORPORATE TAXATION

  • Preparation of tax returns
  • Negotiations with the tax authorities
  • Preparation of VAT accounts
  • Tax formalities regarding the double taxation agreement
  • Tax advisory for the closing of the accounting
  • Tax planning for business
  • International tax planning

INDIVIDUAL TAXATION

  • Preparation of tax returns
  • Negotiations with the tax authorities
  • Tax formalities regarding the double taxation agreement
  • International tax planning
  • Real estate and mortgage tax consulting

 

Swiss Insurance Advisory

Do you know that Switzerland is the world champion for private insurance solutions? According to a study, CHF6200 per person are spent every year on insurance. This is also one of the most important topics to think about when you manage a company in Switzerland. There are many obligations for each business, so having a professional advisor could be useful and help you save money in the long term. Certain products are mandatory, others – strongly recommended.

In order to help you find the most suitable solution for your business, we give you the possibility to choose from a broad choice of insurance companies. We check the offers with you, do a comparison and let you choose the best option.

CORPORATE INSURANCE

We work with independant companies. They cover the majority of the insurance products you will need for your business. If you are planning to recruite employees, it is mandatory to think about accident coverage, pension plan and health insurance. Here are some examples of the solutions we can help provide:

  • Public liability
  • Legal protection
  • IT equipment
  • Pension plans
  • Operating loss
  • Accident and health
  • Pure risks
  • Vehicles
  • Real estate
  • And others

PRIVATE INSURANCE

Do you know that there are insurances that can actually help you pay less taxes? The so called 3rd Pillar is one of them. For instance, in cantons like Geneva, people pay on average CHF 2300 less taxes by opting for this solution. And not only do you pay less taxes, but you also save money and receive interest on the insurance itself. The 3rd pillar can be a very interesting solution in case of mortgage. The indirect amortization based on this third pillar could provide interesting tax advantages. Find out more information about the Swiss third pillar here.

Another important coverage is the health insurance. It is mandatory for all Swiss residents. A part from the basic solution, you can opt for a complementary coverage. This can be interesting if you would like to have some additional services.

By working with several insurance companies, we guarantee our independence. We do the research, compare, and then discuss with you to find the best options. For example:

  • 3rd Pillar A or B
  • Health Insurance
  • Travel
  • Public liability
  • Home
  • Private legal protection
  • Special objects
  • Rental guarantee
  • Car insurance
  • And others