Article by Cristina Quesado Although some people are already in the new year, business owners are still in 2021 because they need to prepare the books for the end of the year review. We want to make this process and smooth and stress-free as possible. This time can be

Taxes in Switzerland are levied at three levels: federal, cantonal and municipal. Due to the fact that the Swiss tax system has grown historically and reflects the federal state culture, each of the 26 cantons has its own tax law. Federal tax is calculated on annual income and is levied at a

In Switzerland, sole proprietorships, partnerships and legal entities (stock corporations) have bookkeeping and accounting requirements. The scope of the documentation and auditing obligations depend on the type of company, its turnover or size.   Determination of the Financial Year For accounting purposes, the financial year must be defined. It is generally 12 months