The calculation of January salaries is crucial. We suggest these 5 checks to ensure a smooth, correction-free year!
1. Company data
Check that your company details are correct! Addresses, UID numbers, insurance and institutional names and contract numbers must be checked.
2. Employee data
Make sure that all employees' personal and professional information is up to date. This includes salaries, of course, but also addresses, bank details, hourly rates, positions held and hours worked.
3. Insurance rates
Check your insurance and compensation fund rates and update them in your software. Also modify the pension fund contribution amounts, which change every year.
4. Family allowances
This year, family allowances have increased in most cantons. Check and update the amount if you pay family allowances to certain employees.
5. Withholding tax
Check the tax rates applied for withholding tax using the form provided by the canton or the collaborator, according to the applicable rules. Tax rates change every year and are normally already updated by your software.
When everything is done, inform employees of any changes or updates concerning their salary. Transparent communication helps prevent misunderstandings and maintain trust.
By following these steps, you can ensure that the January payroll runs smoothly and that employees receive the correct amount on time.