Payroll closing is a crucial step for any company. In Switzerland, it is essential to carry out certain checks to ensure that everything is in order.
- Accuracy of Personal Data
Make sure all your employees' personal information is up to date. This includes addresses, AVS numbers, marital status and bank details.
- Deductions and social security contributions
Make sure that all compulsory deductions, such as AVS/AI/APG and unemployment insurance contributions, are in order. This is also the time to check the amount of your advance payments to the compensation fund, if your payroll has decreased or increased.
- Employees insurances
Check that insurance rates have been applied in accordance with the contract for LAA (accident insurance), LAAC and IJM. Different rates may apply to different categories of employees, and these may be modified each year by the insurer.
- Pension Fund
The pension deductions applied during the year were calculated by your pension fund on the basis of the salaries communicated at the beginning of the year. Check that the information is still up to date (salary, degree of employment, etc.).
- Withholding tax
For employees subject to withholding tax, check that the amounts deducted are correct. In Switzerland, withholding tax must be calculated according to the scale applicable to each employee, taking into account their personal and family situation.
By following these steps, you can close your payroll with peace of mind and avoid costly mistakes for both you and your employees.
If you have any specific questions or concerns, please don't hesitate to contact us!