In addition to the personal loss, the question quickly arises: What happens to the joint assets?
Can I do anything during my lifetime to ensure that the surviving spouse is protected in the best possible way?
Many management teams of small and medium-sized enterprises (SMEs) associate the topic of internal control systems (ICS) with large corporations and complex processes. However, a functioning ICS is also of great benefit to SMEs - not only for auditing purposes, but also as a practical management tool.
Since the introduction of the new company law on 1 January 2023, the often-discussed interim dividend has been clearly regulated by law. Since then, dividends from the profit of the current financial year have been possible.
Companies can find themselves in a difficult economic situation. If this results in a loss of half of the capital or even over-indebtedness in accordance with Art. 725 of the Swiss Code of Obligations, the law requires immediate action by the executive bodies.
Overview of the variants of profit appropriation and loss offsetting.
Since the introduction of the new company law on 1 January 2023, the rules for the appropriation of profits and offsetting losses have been adjusted.
Particularly in the case of growing groups of companies, consolidation is often only discussed when the relevant thresholds are exceeded and the law prescribes its preparation.
In the SME environment, it is widespread for loans to be granted by or to shareholders. Such payments are usually made unbureaucratically and without further documentation. It is often forgotten that there may be tax and legal risks here. We recommend paying attention to the following points:
The Acton Group and Meier Partner Tax AG will merge on 1 January 2023. The new joint head office with around 20 employees will be established at the headquarters of Acton Treuhand AG in a central location in Zug in the first half of 2023.