Self-Employed With A Side Hustle In Switzerland - These Are Our Tips For Getting Started.

05 July 2022

Self-employment as a sideline is an option for many to approach the new terrain step by step. For others, it is a "side hustle" to increase the cash flow with one's own skills and ideas. Regardless of the motivation to devote yourself to your own business after your main job, you will also have to deal with administration and tax issues. 

To make sure the time you've set aside for your side hustle isn't wasted managing paper and financial stuff, there's Numarics. It automates accounting processes - in real time and seamlessly. 

Here we clarify a few common questions that come up when you plan to become self-employed as a side business in Switzerland.

Am I allowed to be self-employed in Switzerland while having a full-time job?

In principle, yes! However, self-employment as a sideline must not lead to any competitive situations with the company in your main profession. For example, if you are starting a consulting business, your clients should not be in the same industry as your main employer. If you are a programmer or business developer then the product you develop on the side should not be close to the products of your main employer. Moreover, the employer may require that your performance is mainly used for the employee activity. Therefore, we recommend that you schedule fixed hours for your side gig if possible. In any case, it is important to check your employment contract for agreements on self-employment and not to neglect your main job.

What do I have to consider from a tax point of view if I become self-employed in Switzerland with a side hustle?

Starting from an income of more than CHF 2300.00 per calendar year you have to register your self-employment. Numarics takes care of that for you. Simply download the Numarics app, enter your data and request the company formation. The operations team of Swiss-certified fiduciaries will then take care of the legal registrations for you and inform you about which documents you may still need to submit. Paperwork is also submitted via cell phone - you scan the documents for the authorities and Numarics does the rest for you. 

With one click in the app, you can book a telephone consultation with an accountant at any time. Thanks to the fast digital processes, you have the most cost-effective solution for accounting services in Switzerland. Above all, you save valuable time for your self-employment, which should not be wasted on paperwork.

What's exciting is that you can claim your business expenses as tax-deductible. This includes, for example, business trips, the use of your private vehicle for business appointments, restaurant visits with clients, internet costs, the purchase of a laptop and much more. If you are unsure whether an expense is business-related, that is, whether it can be covered in your accounting, you can talk to a Numarics accountant via chat or on the phone. The fact that you are well advised is important and Numarics makes it a top priority.

Automation: The key to success in sideline self-employment

All receipts and invoices are fully digitized at Numarics and archived according to the legal requirements in Switzerland. This means you are on the safe side. Simply scan the receipt when it occurs. For example, an entertainment receipt after a visit to a restaurant with a client or business partner. Numarics then accounts for the expense automatically.

Side hustle self-employment is becoming increasingly popular, and new research finds that it's made possible largely by technology. In this context, Zapier's Side Hustles In 2022 Report reports that side hustle self-employed are more successful through automation with the help of technology. 

This result has emerged in the comparison of the younger generation, who spend less time on sideline self-employment than their older counterparts, but make just as much turnover. It turned out that the younger generation simply uses more automation technologies.

With this in mind, we look forward to welcoming you to Numarics to automate your accounting. With our pioneering solutions for solo entrepreneurs, startups and SMEs, we were awarded Gold in the Enterprise category of Best Of Swiss Apps. Now we'd like to learn more about you and your business!

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