Change of fiduciary office - MKY GROUP
Trustees, family doctors and asset managers have one thing in common. They are often close trusted as well as caregivers for your customers. It is not uncommon for you to be cared for by the same person throughout your life. However, the high level of trust that these experts enjoy must first be built up.
Now there are reasons why you need a new trustee/tax advisor in certain situations or simply replace your previous advisor or even have to.
Reasons for switching
- Founding a company
When setting up a company, you must ensure that your company is accounted for from day 1. Many areas of law (e.g. DBG, MWSTG, AHVG, BVG, etc.) have a direct influence on your accounting.
- Purchase or inheritance of real estate and/or securities
As soon as the income and wealth structure changes, the complexity of your tax return also begins. When making such changes, it is advisable to provide tax advice. Tax traps can often be avoided and tax deductions optimised.
- Expanding your business (adapting needs)
The know-how of the current caregiver is reaching its limits. At this stage at the latest, you must consider which trustee has the knowledge you need to successfully advise and support you.
- Trustee/tax advisor retires or does not do the job reliably
They have probably had the same trustee for many years, but he will retire in the foreseeable future or simply no longer do the work reliably and with the necessary quality. In this situation, look for a new trustee/tax advisor at an early stage who has the relevant know-how for your needs and who you can also trust.
When is the ideal time to switch?
- New trustee/tax advisor
You should involve a new trustee/tax advisor as early as possible. When setting up a company, it is advisable to check the legal form and location together with the consultant before founding. This can save costs and optimize tax deductions.
- Change
The easiest and most cost-effective way to transfer accounting is on the first day of the new fiscal year. It is important that the new trustee is already involved in the closing process of the current/coming financial year.
A change during the year is possible without significant additional effort. If the new trustee even has the same accounting system, the data can usually be transferred from the accounting system within a very short period of time. The existing data must, of course, continue to be stored securely and legibly in accordance with storage requirements.
What should be considered when switching?
- Shape
The fiduciary relationship is generally a contractual relationship, which should be conducted in writing.
- Content
It should include recurring tasks clearly and concisely. In accordance with the mandate agreement, individual orders should also be able to be executed. Check the respective notice periods and get price overviews and fee rates.
Why switching to MKY Group AG is now worthwhile for you
- Well trained staff
- Manageable company size and therefore optimal personal support
- Many years of experience in the fiduciary sector
- Many years of experience in tax and business consulting
- In-house insurance advice available
- High reliability
- Excellent network (e.g. for special advice, investor search, etc.)
Experience easy administration and communication with our experts and contact us for a non-binding discussion. We are convinced that we offer you the service that you want and expect from a trustee.
Your MKY Group AG
Disclaimer: The content of this blog post is for informational purposes only and does not constitute professional advice. Each individual case should be reviewed individually and we recommend that you seek professional advice for specific questions.
