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The film "Oppenheimer" links the story of the atomic bomb with financial knowledge by explaining the compound interest effect, which allows wealth to grow exponentially. "Invest early and use high, constant interest rates to optimally leverage this effect for faster wealth growth."

Switzerland offers a favorable environment for company formation, even without residence in the country, with requirements such as local managing director and company headquarters. Thorough planning and expert advice are essential to overcome legal and administrative hurdles.

In Switzerland, taxpayers can deduct self-paid medical expenses if they exceed the reasonable deductible limit and all costs are verifiable. This includes costs for medical treatments, medications, therapies, and medical aids.

Occupationally incurred meal expenses can be deducted from taxes on a flat-rate basis, with the standard deduction being CHF 15 per workday. With subsidized canteen meals, the deduction is reduced to CHF 7.50 per day.

Professional expenses, such as travel costs between home and workplace, are tax-deductible. Deduction options include bicycle (CHF 700/year), public transport (necessary costs), and car (70 cents/km), with strict conditions applying.

In Switzerland, insurance premiums such as health, life, and accident insurance can be deducted from taxes, with a maximum of CHF 1,700 or CHF 3,500 for married couples at the federal level. The deductible amount increases by 50% in the absence of contributions to occupational pension plans.

Max, a passionate photographer, takes the step into self-employment as a wedding photographer with a sole proprietorship. For bookkeeping, a simple income-expense statement suffices as long as his revenue remains below CHF 500,000.

Purchases into the pension fund offer tax deductions, reduce taxable income, and lead to tax-free capital gains. In retirement, tax-advantaged payouts enable a lower tax burden.

The UID register, managed by the Federal Tax Administration, assigns unique identification numbers and contains essential company data. It serves the standardized company identification in Switzerland, to minimize administrative effort and improve communication.