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Learn how you can still save taxes in 2021 by contributing to the pension fund, investing in the third pillar, or using educational and donation deductions. Use the year-end tips effectively to minimize your tax burden.

The break-even analysis allows entrepreneurs to determine the sales point at which costs and revenues are equal in order to ensure that the business becomes profitable. It helps in determining the necessary sales volume and price for products but reaches its limits with inaccurate cost estimations or a wide variety of products.

Pillar 3a in Switzerland is used for supplementary retirement provision, where contributions are tax-deductible. The maximum allowable contributions are set annually by the Federal Office for Social Insurance.

The death of a person quickly brings about tax obligations, including the final tax return and the recording of the estate. Survivors must fill out various forms and submit them to the tax authorities.

Late tax payments incur default interest, while advance payments can earn compensation or balancing interest. Especially for legal entities, advance payments can reduce business expenses through interest income.

Entrepreneurs face various risks such as operational disruptions, competition, reputation and financial problems. They must be prepared to manage these risks through early detection and preventive measures.

Declaration errors allow for a one-time penalty-free self-disclosure, similar to the get-out-of-jail-free card in Monopoly. Incorrect information can lead to back taxes and fines, except in the case of the first self-disclosure.

Swiss pension funds use benefit primacy (pension based on the last salary) and contribution primacy (pension based on capital) for pension calculation. In the case of benefit primacy, a percentage of the last salary is paid out as a pension, while in contribution primacy, the pension depends on the accrued capital.

The Swiss pension system relies on old-age, occupational, and private provision using pay-as-you-go and funded schemes. The first ensures existence, the second and third the standard and additional needs in old age.