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The IASB proposes changes to IFRS 16 to clarify the assessment of assets and lease liabilities in sale-and-lease-back transactions. Comments on the changes are welcome until March 29, 2021.

Self-employed individuals and owners of stock corporations/limited liability companies who have experienced a decline in sales due to Corona can apply retroactively for Corona compensation. The claim depends on the AHV income from 2019 and applies if there is a decrease in sales of at least 55%.

The city of Zurich has launched the online service "Managing Taxes," which allows residents to manage their taxes around the clock and retrieve payment information. The service promotes the self-management of tax data and is intended to reduce inquiries at the tax office and contribute to debt prevention.

The year is ending and the preparation of the financial statements is imminent, which should clearly present the financial situation to stakeholders. Early preparations, such as collecting documents and making adjusting entries, are essential.

Trustees assist companies with accounting, taxes, and auditing; fiscal representation, IFRS, and other standards aid in providing an overview. Automatic exchange of information and tax optimization are tools for preventing tax evasion and reducing the tax burden.

Payment reminders and dunning notices help businesses to claim outstanding invoices, but debt enforcement can be time-consuming. In case of non-payment, claims can be assigned to collection agencies, which is usually associated with losses.

The Swiss fiduciary associations TreuhandSuisse and EXPERTSuisse promote education and quality standards of their members. They help, through partnerships and networking, to better advise clients.

Corporations must take legally defined measures in case of financial difficulties, divided into stages such as underbalance, capital loss, and over-indebtedness. In the event of over-indebtedness, an audit by a revisor is required, and upon confirmation, the judge must be informed.

Swiss companies use different accounting standards such as OR, IFRS, US GAAP, and Swiss GAAP FER, which are specifically tailored to various corporate forms. These standards are designed to enhance transparency and creditor protection and are tailored to international or national needs.