Limited statutory audit comparison in Sattel: the practical guide
Limited statutory audit comparison in Sattel rests on three pillars: federal law that applies across Switzerland, cantonal deadlines worth knowing, and tools that eliminate re-keying. This guide puts it all in order, fact by fact.
Year-end closing: how the mechanics work
The income statement reads as a cascade: gross margin, operating result, financial result, extraordinary result. Each level answers a different question — mixing levels blurs the steering.
A well-ordered closing file speeds everything up: bank statements at the closing date, a signed inventory, final AHV/LPP/accident settlements, new or amended contracts, and support for the accruals. Limited statutory audit in Sattel then finishes in days, not weeks.
Outsource limited statutory audit or keep it in-house?
The Swiss fiduciary market is dense and governed by professional practice: industry standards, business secrecy, civil liability. Compare offers on three concrete criteria — exact scope (data entry? closing? payroll? VAT?), a named contact person, and the tools used. It prevents year-end misunderstandings.
A business in Sattel can combine the models: internal day-to-day entry, monthly external supervision, closing and taxes with the specialist — limited statutory audit splits very well.
The Swiss legal frame for limited statutory audit
In Switzerland, the duty to keep accounts stems from art. 957 ff. of the Code of Obligations. Legal entities (Sàrl, SA) and sole proprietorships with at least CHF 500,000 in revenue keep full accounts: balance sheet, income statement and notes. Below that threshold, a simplified record of income, expenses and assets is sufficient.
Also worth knowing: accounts may be drawn up in the currency most relevant to the business; if that is not the franc, values must additionally be stated in CHF (art. 958d para. 3 CO). Internationally active companies gain books that match their economic reality.
A Swiss SME's accounting calendar
Three families of deadlines shape the year: federal (VAT within 60 days, salary declaration in January), cantonal (tax return, extensions depending on the canton, including in Sattel) and internal (closing, general meeting within six months). Mixing them up is the leading cause of delays.
For limited statutory audit, year-end is prepared in October: last invoices, investment decisions, provisions to assess — December is too late to act, January is for recording.
Sattel: what changes, what does not
Sole proprietorship, Sàrl or SA in Sattel: the AHV contact remains the competent compensation office, and taxes follow the scales of the canton Schwyz.
Federal deadlines do not move in Sattel: VAT within 60 days, salary declaration in January, 10-year record retention — postal code 6417 changes nothing about those rules, only the sender's address.
Frequently asked questions
Does MyFiducia.ai work for a business based in Sattel?
Yes: the platform runs online, the rules applied are federal (VAT, CO, AHV), and the file can be shared with any fiduciary. A business in Sattel manages its documents, VAT and exports exactly as anywhere in Switzerland.
How long must records related to limited statutory audit be kept?
Ten years from the end of the financial year concerned (art. 958f CO). Electronic retention is permitted if the integrity and readability of the records are guaranteed — a serious digital archive validly replaces paper binders. A business in Sattel can therefore archive fully digitally.
What are the current Swiss VAT rates?
Since 1 January 2024: 8.1% (standard), 2.6% (reduced — for example food and medicines) and 3.8% (accommodation). Returns must be filed and paid within 60 days after the period ends (quarterly under the effective method, semi-annually under the net tax rate method). These federal rates apply unchanged in Sattel.
What is simplified bookkeeping and who can use it?
Sole proprietorships and partnerships under CHF 500,000 of revenue may limit themselves to recording income, expenses and assets (art. 957 para. 2 CO). Once over the threshold — or upon founding a Sàrl or an SA — full accounts with balance sheet, income statement and notes become mandatory. The CHF 500,000 threshold is assessed the same way in Sattel.
Also worth reading
In neighbouring municipalities
Switch to accounting that keeps itself up to date
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