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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.

Corporations are independent taxable entities, while sole proprietors and partners must tax all their income, including business assets. Investments are depreciated over years, and losses can be claimed retroactively for up to seven years.

Swiss companies are legally required to maintain accounting records in accordance with the Code of Obligations, the format of which depends on their revenue and legal form. Legal entities and companies with a turnover exceeding CHF 500,000 maintain double-entry accounting, while others use single-entry accounting.

An advance inheritance is a transfer of parts of the estate during the lifetime of the testator, legally valid even orally, however, written documentation is recommended. In Switzerland, advance inheritances are subject to an obligation to equalize in order to ensure equal treatment of all heirs.