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Old 04.09.2016, 12:59
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Re: Starting an own company while working 100%

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Hi Everyone

I am living in Switzerland with a B Permit together with my girlfriend and I would like to start a Hair and Beauty Salon Business.

Currently I am working 100% pensum as an employee and earn a nice salary and I have heard that if I have a company I can deduct the costs of the company from my personal taxes. How does that work? Let's say if I rent a place for my business for 12 000 CHF per year and I would pay 20 000 CHF taxes a year I would only have to pay 8 000 CHF taxes plus the taxes for the profits my business makes?

Is it legal to employ my girlfriend (soon to be wife) in my own company?

Thanks for your answers.
If your self employed, you taxable earnings will drop by 12,000, your tax savings may be 3,000. However if your business produces ZERO income & just expenses the tax office may decide it's a hobby & not a business.
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