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We provide insight and advice on business-related topics such as accounting practices and tax optimization. Our specialists share their experiences and solutions to financial and business challenges.

Can I do my own accounting when starting a business?

The management of accounting in one's own company depends on prior knowledge; without prior knowledge, an accounting course is recommended. With a commercial background, the accounting can be managed by oneself.

When is a company required to keep accounts?

The obligation to keep accounts depends on the obligation to register in the commercial register, not on the registration itself; for sole proprietorships, this obligation begins with a turnover of CHF 100,000. Companies such as general partnerships, LLCs, and corporations must keep accounts regardless of turnover.

What are liabilities?

The liabilities on the balance sheet reflect who provides capital to the company, divided into debt and equity. Debt encompasses liabilities, while equity shows the ownership claims.

Voluntary registration for VAT

All companies are generally liable for VAT, but they may be exempt from this obligation if their annual turnover is below CHF 100,000. A voluntary VAT registration can be beneficial, for example, for exporters or in the case of initial investments with high input tax.

What are assets?

The asset side of the balance sheet shows the assets of a company, divided into current assets (e.g., cash, receivables, inventories) and fixed assets (long-term assets such as office equipment). Current assets are ordered by liquidity, with cash listed first and less liquid items such as receivables listed last.