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In 73% of the companies, deficiencies were found in the VAT accounting. Errors lead to additional charges or credits.

Open profit distributions have no tax consequences for profit taxes, concealed distributions increase the taxable profit. Both types of distributions trigger withholding taxes.

The NZZ publishes cantonal corporate tax rates for 2014, which will not decrease further. Tax burden varies significantly depending on the canton.

Depreciation records the reduction in value of assets to represent the current operating assets. The amount depends on the asset and ranges from 2% for residential buildings to 45% for tools.

Banks check the creditworthiness of an applicant in detail and require adequate collateral such as real estate or guarantees. The collateral and their loan-to-value limits vary depending on the type and value.

Services that are exempt from tax under Article 21 of the VAT Act may be taxed voluntarily in order to deduct input tax. Certain sectors, such as insurance and gambling, are excluded from this option.

The value-added tax can be settled either regularly or simplified via the balance tax rate, which requires less effort and mainly helps small businesses. The balance tax rate must be applied for at the FTA and is not applicable to large companies with a turnover of over CHF 5,020,000.

Findea and STARTUPS.CH offer a new accounting course specifically for company founders. The course helps to decide whether to manage the accounting oneself or to outsource it.

As of January 1, 2014, uniform rates will be introduced in the withholding tax procedure and an electronic accounting system will be offered. The new rates apply nationwide and the e-accounting is optional.