Blog

Since there is no basic accounting obligation for charitable foundations and similar institutions in Liechtenstein, the Association of Liechtenstein Charitable Foundations and Trusts (VLGST) has issued a corresponding recommendation. By applying these guidelines, a very high level of transparency is created in the annual financial statements of non-profit organisations, which not only provides information about the assets, but also about the business activities and the organisation itself. In doing so, the guidelines intentionally go far beyond the legal requirements for legal entities (e.g. an AG) according to the Liechtenstein Persons and Companies Act (PGR).

An interview with Marc Huber and Patrick Mörth about the wide range of services offered by CSL's IT Helpdesk.

A DMS is the basis of many digitisation projects. This is based on the fact that information can only be used for processes if it is also available digitally.

Do you lack an accurate picture of your company's key financial points? With the help of the annual financial statement analysis, you will gain a better insight into the actual economic and financial situation. Long-term success requires that you know the important key figures and interpret them correctly. Therefore, the following guiding principle applies to goal-oriented corporate management: Only those who are sufficiently informed about their company can recognise risks at an early stage and take advantage of opportunities in good time.

EuropeFides is a European association of independent small and medium-sized accounting, audit, tax consultancy and law firms. The association was founded in 2008 with the aim of linking professionals offering a high quality of service and expertise within their respective local jurisdictions, enabling them to flourish in an increasingly international competitive environment.

Since our last blog article entitled 'Major overhaul of the Act establishing a Register of Beneficial Owners of Domestic Legal Entities' published in March this year, we can now bring you further information on this subject from the Office of Justice.

For SMEs, double-entry accounting, the legal requirement to keep records, as well as financial reporting requirements, take up a lot of precious time. Couldn’t this time be used more effectively? My blog highlights a number of reasons why double-entry accounting is indeed worth the time and effort and what purpose annual accounts additionally fulfil.

Both of the above terms are frequently used, principally in connection with standards and products offered by different service providers; it is therefore worth taking a look at the differences in detail.

Life insurance is also worth considering when it comes to providing security for your own family. Provided proper structuring and early planning, the tax burden of an inheritance or gift can be reduced to zero. Based on an example involving clients from Germany, we set out in this article the maximum amount that, at present, can potentially be passed on to your descendants free of gift tax.

Komplexe Vermögens- und Familienverhältnisse werden häufig über Stiftungen und Trusts strukturiert. Fonds können als Ergänzung sehr attraktive, effiziente und nachhaltige Strukturierungs- und Organisationsalternativen bieten.

The 5th EU Anti-Money Laundering Directive sets out extended obligations in terms of content and transparency of registers of beneficial owners through a modification of Articles 30 and 31. In addition, within the framework of implementation of the Act currently in force, weak points have been identified which are being remedied through adjustment to the law.

Generally speaking, the term 'wealth preservation' means the protection of wealth against any erosion which may result from external developments and undesired events, such as liability claims of creditors.

As part of their succession planning, a growing number of Swiss clients are seeking the efficient structuring of their indivisible assets, i.e. private real estate. In this regard, the legal system in Switzerland offers various contractual options or solutions under company law. For instance, the use of property companies combined with shareholder agreements is a possible solution. However, the use of such property companies in Switzerland can be complicated and often only provides a partial solution to the succession planning issues.

We all know about them – the good old signature folders! Used for signatures in written correspondence with government departments, banks and customers or just as validation for in-house applications and forms. Afer printing, the documents are sorted and then circulated in house using the signature folder. It’s all part of the day’s work to know exactly where a docuument is located or which documents have not yet come back to us. Holiday absences, business trips or – to choose a currently topical example – the home office system - will all lead to delays in circulation. However, such hitches can now be a thing of the past using the digital signature folder.