Author: Sarah
The notes explain what the balance sheet and income statement do not show clearly enough. They form part of a Swiss corporation’s or LLC’s annual accounts. Here are the disclosures to review and an example to help prepare notes suited to your business....
Machines, vehicles and computers often serve a business for several years. Depreciation allocates their cost over time. Learn to calculate the expense, read a depreciation schedule and distinguish accounting estimates from Swiss tax rates....
Swiss GAAP FER provides a Swiss financial reporting framework designed to present a true and fair view. The French name, Swiss GAAP RPC, refers to the same standards. The right scope depends on your organisation, its size and the needs of those using its accounts....
Revenue alone does not tell you whether a business is profitable. An income statement shows how sales, operating costs, financing and tax combine to produce a profit or loss over a period....
A balance sheet shows what your business holds and how it is financed at a particular date. This worked Swiss example explains the structure and gives you a practical way to read the figures before approving your accounts....
Need quotes, invoices and Swiss QR-bills without unnecessary administration? Compare four options for freelancers and SMEs, including what is genuinely free, which features cost extra and what English-speaking users should check....
Geneva’s tax shield can reduce wealth tax where the relevant income and wealth taxes exceed a statutory ceiling. The calculation involves a 60% limit and a minimum 1% net return on wealth. It is not a cap on every tax in your bill....
Do you live in France and pay tax at source on a Geneva salary? Quasi-resident status may let you request a subsequent ordinary assessment and claim eligible deductions. Qualifying does not necessarily mean paying less tax: check eligibility, then compare the complete calculations before applying....
A collective employment agreement can impose rules on pay, working hours and insurance. Whether it applies depends on the business activity, employees, territory and dates. Check the actual scope before setting payroll parameters....
The birth allowance is a one-off payment. It is separate from monthly child allowances and income replacement during maternity leave. Working in Geneva does not, by itself, establish entitlement....