What exactly is a trustee?

In principle, everyone can call themselves a trustee, as this is not a protected title. It quickly becomes apparent that almost every trustee has a different professional background. You have to pay close attention to qualifications and training to see how professional a trustee really is. There are generally two recognized names for trustees. This is on the one hand the qualified fiduciary expert and on the other hand the trustee with a federal diploma. Qualification.

Why you should choose a trustee

Most start-ups give very careful thought to whether or not to hire a trustee. The main argument against it is in most cases the high cost. But if you take a closer look at the numbers and add the opportunity costs, the price for a trustee is more than justified. If you take care of your bookkeeping yourself, you will not be able to generate any sales for your company during this time. Another important point that speaks in favor of working with a trustee is that in the event of a VAT control or an AHV audit, the trustee can answer all questions and provide you with his specialist knowledge.

How do I find the right trustee?

Regardless of whether you are a private individual or an SME, the fiduciary services are not always easy to understand and are still needed. This, for example, for annual financial statements, tax returns or to set up a business. These work processes require a lot of knowledge and time and therefore a professional team of trustees is often used. You have certainly already dealt with the topic of trustee selection yourself. In most cases, the question arises as to how to recognize a professional trustee and, above all, where to find him. There are different platforms that can be consulted. One of them is Treuhand Suisse. The platform obliges its members to undertake regular further training so that the trustees are guaranteed up-to-date knowledge. Furthermore, there are online registers with fiduciary experts in your region at fiduciary software providers.

Check references from the trustee

Since every entrepreneur is faced with the question of which trustee I choose, it makes perfect sense to check the references of the service providers. Google ratings, for example, can serve as a reference. You should inform yourself in detail about your trustee and go on the search with clear ideas. Have you clearly defined which tasks should be outsourced? This can make the search much easier. In addition to the technical aspect, you must not disregard the interpersonal in your selection. Because a relationship of trust has to develop between both parties. Your trustee receives a detailed insight into your company structure and in most cases long-term business relationships result.

The best time to switch trustee

The easiest way is clearly to switch to a new financial year. For most companies, this begins on January 1st. Since the opening balance here corresponds to the closing balance, there is no need for time-consuming processing. Should it not work any other way, you should pay attention to the VAT periods. These last 3 months each and begin on January 1st, April 1st, July 1st and October 1st. A change at any time can be considered if you are not subject to VAT or if you use the balance tax method.