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Old 24.11.2012, 11:28
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Re: Are there still free lunches in Switzerland

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Where and when?

This is important information you're holding out on us...
Send me a pm, I can't have everyone showing up for all the you can drink beer.
  #42  
Old 24.11.2012, 11:41
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Re: Are there still free lunches in Switzerland

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Fair enough but, I was more after information on company tax in the OP

and fringe benefits
Yes I understand the question was about what you can write off in taxes. But if you tell your accountant, lawyer, or whoever that you want to save money on your rent, and include your kitchen into that, it opens a whole lot of other costs that might outweigh, atleast in the short term, what you would save on deducting your kitchen, and ultimately might not even be approved for that credit, as you also use your kitchen for personal usage as well.

It's like if you have an office in your apartment, it's easier to say that section of your living space is 100% for business, as it is hard to do anything else there(except post on the EF of course). But if you ever decide to make a sandwich at 3am, it's hard to say it is part of your normal business activities, cause you get the munchies.

But in the end, if you classifiy your business as a food realated one, you have to be able to prove it.
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  #43  
Old 24.11.2012, 11:50
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Re: Are there still free lunches in Switzerland

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Yes I understand the question was about what you can write off in taxes. But if you tell your accountant, lawyer, or whoever that you want to save money on your rent, and include your kitchen into that, it opens a whole lot of other costs that might outweigh, atleast in the short term, what you would save on deducting your kitchen, and ultimately might not even be approved for that credit, as you also use your kitchen for personal usage as well.

It's like if you have an office in your apartment, it's easier to say that section of your living space is 100% for business, as it is hard to do anything else there(except post on the EF of course). But if you ever decide to make a sandwich at 3am, it's hard to say it is part of your normal business activities, cause you get the munchies.

But in the end, if you classifiy your business as a food realated one, you

have to be able to prove it.
Replying in between cooking, so bare with me.
My home kitchen is used about 75% as a test kitchen for creating brand new oil free recipe that if deemed good enough them go into the cookbook
or raw recipe book are Gluten free book.

This process is repeated with the green juices in oil free salad dressing booklets.
The reason behind my wanting to form a company is to protect our assets as the bulk of my work is done in the USA the suiting capital of the world
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Old 24.11.2012, 11:58
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Re: Are there still free lunches in Switzerland

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Replying in between cooking, so bare with me.
My home kitchen is used about 75% as a test kitchen for creating brand new oil free recipe that if deemed good enough them go into the cookbook
or raw recipe book are Gluten free book.

This process is repeated with the green juices in oil free salad dressing booklets.
The reason behind my wanting to form a company is to protect our assets as the bulk of my work is done in the USA the suiting capital of the world
So what are you saying?
  #45  
Old 24.11.2012, 12:00
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Re: Are there still free lunches in Switzerland

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Replying in between cooking, so bare with me.
My home kitchen is used about 75% as a test kitchen for creating brand new oil free recipe that if deemed good enough them go into the cookbook
or raw recipe book are Gluten free book.

This process is repeated with the green juices in oil free salad dressing booklets.
The reason behind my wanting to form a company is to protect our assets as the bulk of my work is done in the USA the suiting capital of the world
If you are saying you want to protect assets in the US by using Switzerland as a tax shelter, it's the two worst tax and country combinations at the moment right now. You'd be better off trying to do that in Luxembourg at the moment.
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Old 24.11.2012, 12:10
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Re: Are there still free lunches in Switzerland

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If you are saying you want to protect assets in the US by using Switzerland as a tax shelter, it's the two worst tax and country combinations at the moment right now. You'd be better off trying to do that in Luxembourg at the moment.
No saying that at all, trying to protect our personal assets here, so say there ever was a law suit anywhere and the company lost it, all they can take is what the company has, not what we have.

this is very common for business people to do.
  #47  
Old 24.11.2012, 12:16
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Re: Are there still free lunches in Switzerland

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this is very common for business people to do.
Regardless, you were referring to making money in the US, and protecting your personal assets here. I am only saying that it is very tricky right now doing anything business or tax wise when it has to do with these two countries right now. It's why so many Americans are getting dropped as customers from standard banks here, because they are not worth the time or profit.

Aren't if you are operating in the US, you are also declaring taxes in the US as well?
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Old 24.11.2012, 12:30
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Re: Are there still free lunches in Switzerland

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Regardless, you were referring to making money in the US, and protecting your personal assets here. I am only saying that it is very tricky right now doing anything business or tax wise when it has to do with these two countries right now. It's why so many Americans are getting dropped as customers from standard banks here, because they are not worth the time or profit.

Aren't if you are operating in the US, you are also declaring taxes in the US as well?
Nope not a US citizen will be taxable only here where the contracts are signed
  #49  
Old 24.11.2012, 14:01
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Re: Are there still free lunches in Switzerland

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Nope not a US citizen will be taxable only here where the contracts are signed
I know you aren't a US citizen. But if you do business and collect revenues in the US, you pay taxes to the US as well. Like any country, regardless of your citizenship. I don't see how it lawful to do business in a foreign country, without setting an office in the country you collect revenues from unless of course you sell a nic nac on Ebay here or there.

Swiss law certainly doesn't allow it the other way around.

And when you do your taxes here, they are going to ask you what your holdings are outside of Switzerland, even if you made that income or held real estate before coming here. They are also going to ask if you are aquiring income abroad how you are taxed on it. If it is US based, how much taxes you are paying to the US, and if you aren't they are going to tax you working from here. You probably already know that last part, but in the end, if you are receiving revenues over a certain amount in the US, they are going to want their fair tax owed.
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Old 24.11.2012, 14:16
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Re: Are there still free lunches in Switzerland

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You have missed the point here, only thing getting created in home kitchen are new recipes for cookbook, juicebook, and oil free salad dress.

We already check, this is all ok with the Swiss bodies,
For Vegan classes a commercial Kitchen will be hired
As I said before, you are still going to need to prove to whoever you rent a commercial kitchen from you are competent to handle their equipment, know health and safety standards, and so on...It's not as easy as you think. I know 3 kitchens over the Zurich and Bern areas that rent their kitchens out, at a heavy rate, and really need reassurances that you are not going to jepordize their licenses and standing with the local lebensmittel, as they no doubt will report that you are working from their kitchen from time to time.

Plus it helps if you are Swiss. I have worked with foreigners that have thought if they throw enough cash any kitchen will let them come in there and do what they want. And they really won't. Having another Swiss Chef, someone in Gastronomie, or a friend of the kitchen you want to hire from, who can vouche for you will help. Maybe you already have something lined up, and this is all moot. But, just trying to help you save time.
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  #51  
Old 24.11.2012, 14:59
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Re: Are there still free lunches in Switzerland

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They are not usually vegan friendly. Wine uses "fining agents" for filtration which is traditionally derived from animal or fish bones
I didn't realize that about wine.... Ok, liquor's kinda broad- I think some might use no animal products and others use some, but beer can be strictly vegan, right? This is only curiosity, though; I'll stick with my Guinness in all events.
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Old 24.11.2012, 15:11
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Re: Are there still free lunches in Switzerland

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I didn't realize that about wine.... Ok, liquor's kinda broad- I think some might use no animal products and others use some, but beer can be strictly vegan, right? This is only curiosity, though; I'll stick with my Guinness in all events.
Guiness is a good way to stay vegetarian as after 2 or 3 pints it's a meal unto itself.
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Old 24.11.2012, 15:15
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Re: Are there still free lunches in Switzerland

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Guiness is a good way to stay vegetarian as after 2 or 3 pints it's a meal unto itself.
Unless the changed the recipe in the last 5 years, Guinness is not vegetarian, except where brewed by Labatts in Canada...

http://www.barnivore.com/beer/26/Guinness#

Sorry folks.
  #54  
Old 24.11.2012, 15:19
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Re: Are there still free lunches in Switzerland

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Unless the changed the recipe in the last 5 years, Guinness is not vegetarian, except where brewed by Labatts in Canada...

http://www.barnivore.com/beer/26/Guinness#

Sorry folks.

Oh well, I guess I have to go back to eating meat raw and still mooing.
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Old 24.11.2012, 16:37
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Re: Are there still free lunches in Switzerland

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I know you aren't a US citizen. But if you do business and collect revenues in the US, you pay taxes to the US as well. Like any country, regardless of your citizenship. I don't see how it lawful to do business in a foreign country, without setting an office in the country you collect revenues from unless of course you sell a nic nac on Ebay here or there.

Swiss law certainly doesn't allow it the other way around.

And when you do your taxes here, they are going to ask you what your holdings are outside of Switzerland, even if you made that income or held real estate before coming here. They are also going to ask if you are aquiring income abroad how you are taxed on it. If it is US based, how much taxes you are paying to the US, and if you aren't they are going to tax you working from here. You probably already know that last part, but in the end, if you are receiving revenues over a certain amount in the US, they are going to want their fair tax owed.
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As I said before, you are still going to need to prove to whoever you rent a commercial kitchen from you are competent to handle their equipment, know health and safety standards, and so on...It's not as easy as you think. I know 3 kitchens over the Zurich and Bern areas that rent their kitchens out, at a heavy rate, and really need reassurances that you are not going to jepordize their licenses and standing with the local lebensmittel, as they no doubt will report that you are working from their kitchen from time to time.

Plus it helps if you are Swiss. I have worked with foreigners that have thought if they throw enough cash any kitchen will let them come in there and do what they want. And they really won't. Having another Swiss Chef, someone in Gastronomie, or a friend of the kitchen you want to hire from, who can vouche for you will help. Maybe you already have something lined up, and this is all moot. But, just trying to help you save time.
CF, I'll save you some time and say Mr. Anderson (sic VC) isn't ready for the Red Pill...

...Just the red blobbies.
  #56  
Old 24.11.2012, 16:45
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Re: Are there still free lunches in Switzerland

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As I said before, you are still going to need to prove to whoever you rent a commercial kitchen from you are competent to handle their equipment, know health and safety standards, and so on...It's not as easy as you think. I know 3 kitchens over the Zurich and Bern areas that rent their kitchens out, at a heavy rate, and really need reassurances that you are not going to jepordize their licenses and standing with the local lebensmittel, as they no doubt will report that you are working from their kitchen from time to time.


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Roll up your sleeves, give your hands a wash,
With slippy dippy soap, splish splash splosh.
Have you done your hands?
Washed and dried?
Sleeves rolled up?
Apron tied?

What can you do?
I CAN COOK!

Last edited by Sean Connery; 24.11.2012 at 16:59. Reason: fixed quote
  #57  
Old 24.11.2012, 16:58
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Re: Are there still free lunches in Switzerland

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I know you aren't a US citizen. But if you do business and collect revenues in the US, you pay taxes to the US as well. Like any country, regardless of your citizenship. I don't see how it lawful to do business in a foreign country, without setting an office in the country you collect revenues from unless of course you sell a nic nac on Ebay here or there.
I seem to remember its called "exporting" and you can export both goods and services perfectly legitimately without paying income tax in the destination country.

Obviously having a company in a country will make you taxable there. In other situations there are pretty clear criteria which determine if your company has a taxable presence in another country: holding inventory, management presence etc. You can sell a lot more than nic nacs this way.

I know the OP is a bit "overbearing", but lets try and stay factual in the flaming.
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Old 24.11.2012, 17:04
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Re: Are there still free lunches in Switzerland

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I seem to remember its called "exporting" and you can export both goods and services perfectly legitimately without paying income tax in the destination country.

Obviously having a company in a country will make you taxable there. In other situations there are pretty clear criteria which determine if your company has a taxable presence in another country: holding inventory, management presence etc. You can sell a lot more than nic nacs this way.

I know the OP is a bit "overbearing", but lets try and stay factual in the flaming.
Yeah true. I was just going by that he told me before that he was somehow working for clients, I don't know what, that were based in the US. Doing something on the consulting. In fact, I really don't know what he wants to do, so you are correct I shouldn't comment, when it gets into vague territory for me.
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Old 24.11.2012, 21:46
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Re: Are there still free lunches in Switzerland

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lawyer is already in play for last 4 weeks, but thank you.

The reason behind this thread was because we still have not hired an accountant,

was really looking at the difference between here and OZ
Thank you for taking the time to reply on here
OK, well again the answer depends.... on where your company is located and any agreement you have with the revenue as to how they are going to assess your company. At this point the most important thing is to keep all receipts and related documents, as well as a diary of what exactly the expenses were for, this is very important in claiming those free lunches! As long as the expenses are reasonable and you can show there were truly in relation to your business activities, they will be allowed in some form or other.

I usually work on the basis of putting everything in, documenting it fully and then letting them argue to take it! Unlike most other countries, the Swiss IOT will usually seek a compromise rather than knocking it down completely
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Old 24.11.2012, 22:55
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Re: Are there still free lunches in Switzerland

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OK, well again the answer depends.... on where your company is located and any agreement you have with the revenue as to how they are going to assess your company. At this point the most important thing is to keep all receipts and related documents, as well as a diary of what exactly the expenses were for, this is very important in claiming those free lunches! As long as the expenses are reasonable and you can show there were truly in relation to your business activities, they will be allowed in some form or other.

I usually work on the basis of putting everything in, documenting it fully and then letting them argue to take it! Unlike most other countries, the Swiss IOT will usually seek a compromise rather than knocking it down completely
Thank you again Jim
Will take this on-board
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