ACCOUNTING SUPPORT FOR A BUSINESS (FIRM) IN SWITZERLAND

Accounting outsourcing of companies in Switzerland is the best option for business owners. The cost of such accounting support is much lower than keeping your own accountant on staff. Sole proprietors and companies with an income of less than 500,000 Swiss francs in the last financial year are required to keep simplified accounting records with only the submission of a statement of receipts/incomes and payments/expenditures. Sole proprietors and companies with an income of at least 500,000 Swiss francs in the last financial year, as well as legal entities, are required to keep accounting records and submit annual financial statements.

Annual financial reports consist, at a minimum, of:

• Balance sheet
• Income statement
• Appendix – the required information/disclosure is set out in Article 959c CO.

For organizations subject to a comprehensive audit (Contrôle Ordinaire), the annual financial statements will consist of:

• Balance sheet
• Income statement
• Appendix – The required information/disclosure is set out in Article 959c CO.
• Appendix – Required additional information is specified in Article 961 CO, which includes the submission of a cash flow statement and an annual report.

Therefore, as we can see, Switzerland has quite strict requirements for accounting and tax reporting.

Accounting support for activities in Switzerland

For the correct submission of all tax and financial statements, in accordance with EU legislation, a large number of companies registered in Italy use the services of accountants who are not part of the company’s staff. Since we have our representatives in the largest cities of Switzerland, all financial and tax reports can be submitted by our specialist.

An accounting firm in Italy, what are the advantages of working with it?

External accounting service in Switzerland has many advantages and the main advantage is that, in case of incorrect submission of reports or calculation of payments, we will pay at our own expense all fines issued by the controlling authority. A Ukrainian-speaking or Russian-speaking accountant in Switzerland, in particular in Zurich, Geneva, Bern, etc., is our advantage among other accounting companies.

Consulting on accounting in Switzerland in Ukrainian or Russian will simplify the understanding between you and the accountant, make it more accessible for you to understand Swiss legislation in the field of accounting and taxes.

Accounting in Switzerland

Swiss legislation provides for strict requirements regarding the submission of accounting records both for an individual enterprise and for LLCs and JSCs

In general, there are the following accounting options, they are also used in Switzerland:

• When a director or an individual entrepreneur independently maintains accounting. In this option, there are practically no advantages, but there are many disadvantages, in particular, insufficient time for conducting business directly, making mistakes in case of omission of novelties in Swiss legislation.
• When there is an individual who is registered as an accountant and carries out his activities in the company. In this case, a person fulfills his obligations to the firm without any problems, fulfilling his direct duty of accounting for a certain firm – this is an obvious advantage.

However, there are also disadvantages: the rather large salary for maintaining such an accountant, which reaches about 1 thousand euros per month, and in some cases it can be even more. Also, if the accountant does not come to work, then it is necessary to find a replacement for him, this involves additional costs. Often, one chief accountant and several ordinary accountants are hired, which implies significant costs for their maintenance.

• Accounting support (outsourcing) of business in Switzerland

There will be no downsides if you contact real professionals who guarantee their work.

Among the advantages, you should pay attention to the following – we employ a large number of accountants of various specializations, and therefore we guarantee the performance of work at the highest level, the low cost of the service in comparison with others, answers to any of your questions that may arise during accounting .

In more detail about the last point, we provide accountant services in Switzerland, in particular:

• Accountant in Zurich
• Accountant in Geneva
• Accountant in Bern

Accountant services in Switzerland include:

• Accounting service for enterprises of all organizational and legal forms
• Accounting and tax audit of a company (business) in Switzerland
• Preparation and submission of declarations and reports to tax and control authorities
• Representation of a lawyer and an accountant in the Italian tax authorities
• CIT, PIT, ZUS, VAT, PFRON, NBP, GUS, declarations – preparation, verification and submission to regulatory authorities.
• Keeping personnel records, calculation of salary, payment of relevant taxes for employees, submission of personnel reports
• Import-export operations (WDT, WNT)
• Subpreparation of invoices and invoices
• Making bank payments
• Analysis of the financial state of the enterprise

Accounting services in Switzerland are one of the main areas of activity of YK Prykhodko and partners, because we are familiar with EU and Italian legislation in the field of taxation and financing, and therefore clearly understand how the Swiss tax system works and will help you choose the best tax system for your business, because for each client, we have an individual approach that depends on the direction of your activity, the organizational legal form of the legal entity.