Avoiding fines of CHF 30,000 by ensuring compliance in payroll accounting

How Numarics helped a customer avoid heavy fines

What happened?

A technology services company reached out to Numarics after having issues with payroll compliance. The customer was not aware that he had exceeded the statutory income tax allowance in Switzerland, which meant that additional social security contributions were due.

challenges

The customer had exceeded the income tax exemption in Switzerland, which meant that he would have had to pay additional social security contributions. Failure to pay these contributions exposed the customer to a significant risk of penalties and back payments.

Our Approach

Numarics has thoroughly reviewed the customer's financial records and identified whether the wage limit has been exceeded. We immediately informed the customer and took the necessary steps to repay the missing social security contributions and the corresponding taxes.  

Results

Through our intervention, we were able to help the customer avoid potential fines of up to CHF 30,000. Customers now benefit from a better understanding of their tax obligations and increased financial stability.

Conclusion

This case study shows how important it is to carefully monitor income tax and compliance with payroll tax regulations in Switzerland. Thanks to Numarics' proactive approach, previous failures were corrected and future financial risks were minimized.

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