Blog: Accounting, Tax & Business Tips | NEXOVA Switzerland

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March 14, 2024 | David Merz

Convertible Loan for Startups

Convertible loans are gaining popularity in Switzerland as an innovative financing solution for startups. They solve many of the problems inherent in traditional means of financing. That said, convertible loans do also come with their complexities and drawbacks. In this article, we take a deep dive into this exciting alternative to conventional financing. We discuss the challenges startups face when trying to acquire funding and how convertible loans can solve these, as well as outline their potential downsides. Finally, we help provide a thorough understanding of the various practical aspects of convertible loans.

March 14, 2024 | David Merz

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.

March 13, 2024 | David Merz

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.

February 21, 2024 | David Merz

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.

February 21, 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.

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.

February 21, 2024 | David Merz

Expense Regulations in Switzerland: Tax Rules, Flat Rates, and Reimbursement Limits

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.

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.

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.

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