IT202100027161A1 - Tax relief and monetary savings processing system for companies with employees - Google Patents

Description

DESCRIPTION

Technical field

The present invention refers to a system for processing tax relief and monetary savings, preferably implemented by means of a processor or computer equipped with at least one interface and at least one processor.

In particular, the system for processing tax relief and monetary savings according to the present invention? intended to be a tool at the service of companies with employees, or consultants who in turn work at the service of companies with employees.

In general, the present invention finds application in the field of data processing systems and methods, particularly adapted for administrative, commercial, financial, management, supervisory or forecasting purposes; systems or methods particularly adapted for administrative, commercial, financial, management, supervisory or forecasting purposes.

Known art

There are various service models in the financial and social security fields. Among these, there is? the supplementary pension sector which, for example, in Italy? regulated by the Legislative Decree 252 of 2005, issued on 1 January 2007.

The legislator has granted employees of private companies the possibility to channel severance pay or TFR towards supplementary social security forms. This opportunity? ? was made available independently, by the worker, on the TFR accruing, i.e. the one following the worker's decision, if any.

This faculty? granted to employees, appropriately assessed by the legislator, results in companies being unavailability? of potential financing resources.

By virtue? of this deprivation for the company, the legislator has still created economic, financial and tax relief systems capable of compensating for this lack of availability. In essence there are four compensatory elements: the non-revaluation of the TFR paid to the supplementary pension, as established in art. 2120 of the Civil Code; exemption from the payment of the contribution to the TFR Guarantee Fund; the exemption of the so-called minor charges; the deduction from business income of a percentage of the TFR paid to the supplementary pension scheme.

Of these benefits, companies typically have a narrow vision and refer only to the first year in which a company's employees request to pay the severance pay into a pension fund.

? therefore a more system is necessary? effective that allows companies to quantify the missed economic benefits and tax reliefs that have not been exploited based on seniority? company average.

Summary of the invention

An aim of the present invention? that of overcoming drawbacks of the known art.

A particular purpose of the present invention? is to present a system that allows companies to quantify more? effectively missed economic benefits and tax relief, which were not exploited in relation to the supplementary social security positions of its employees.

A further particular purpose of the present invention? to present a system that allows companies to quantify more? specifies and details the possible scenarios linked to the optimal exploitation of economic benefits and tax relief.

These and other objectives are achieved by means of a system for processing tax relief and monetary savings according to the characteristics of the attached claims, which form an integral part of the present description.

An idea behind this invention? to provide a system for processing tax relief and monetary savings for companies with employees, including an input module configured to receive information relating to at least the following company variables:

- a personnel cost for plurality? of employees, as the sum of the Gross Annual Salary (RAL) for each employee, and an associated value of severance pay (TFR) for employees;

- a deduction from business income based on a value of severance pay (TFR) already channeled towards supplementary social security forms, and preferably based on a number of employees;

- a value of severance pay (TFR) recorded in the company's balance sheet;

- a date of hiring for each employee and relative seniority.

The processing system further includes a processing module configured to process business variables and to determine at least the following tax relief and/or monetary savings:

- at least one tax relief associated with a failure to deduct from company income a percentage applicable to severance pay (TFR) paid to forms of supplementary social security by employees.

Advantageously, the processing system of the present invention allows companies to evaluate the actual potential of tax relief or monetary savings, which the legislator has provided for them. In this way, companies can have access to new liquidity? which allow, in terms of growth, to hire new staff without bearing the cost and possibly, in terms of savings, to have new liquidity? can also be used to pay debts.

The processing system of the present invention therefore advantageously integrates technical-regulatory, fiscal, mathematical and software skills.

Further features and advantages will be more evident from the detailed description given below of preferred, non-limiting embodiments of the present invention, and from the dependent claims which outline preferred and particularly advantageous embodiments of the invention.

Brief description of the drawings

The invention? illustrated with reference to the following figures, provided by way of example and not as a limitation, in which:

- Figure 1 exemplifies one embodiment of the processing system of the present invention.

- Figure 2 illustrates a further particular embodiment of the processing system of the present invention.

In the different figures, similar elements will be identified by similar reference numbers.

Detailed description

Figure 1 exemplifies one embodiment of the computing system 100 of the present invention.

The tax relief and monetary savings processing system 100 includes an input module 101, configured to receive information relating to one or more business variables.

- A company variable? represented by a personnel cost for plurality? of employees, as the sum of the Gross Annual Salary (RAL) for each employee, and an associated TFR value for the employees.

- A company variable? represented by a deduction from business income based on a TFR value already channeled towards supplementary social security forms, and preferably based on a number of employees.

- A company variable? represented by a TFR value recorded in the company's balance sheet.

- A company variable? represented by a hiring date for each employee and a relative seniority.

- A company variable? represented by a TFR revaluation coefficient, considered year by year.

- A company variable? represented by a company contribution to a Guarantee Fund and/or a company contribution for Minor Charges.

The tax relief and monetary savings processing system 100 further includes a processing module 201 configured to process one or more of company variables and to determine tax relief and/or monetary savings.

- A tax break? in particular associated with a failure to deduct from company income a percentage applicable to severance pay paid to forms of supplementary social security by employees.

- A monetary saving? in particular associated with a total TFR revaluation cost.

- A tax break? in particular associated with a failure to exempt company contributions to the Guarantee Fund and/or for Minor Charges.

Preferably, the processing module 201 ? further configured to calculate a total result of tax relief and/or monetary savings expressed as equivalent resources. Are the equivalent resources capable of paying severance pay saved for one or more? employees, or capable of paying a Gross Annual Salary (RAL) for one or more? employed workers.

Preferably, the processing module 201 ? further configured to process a revaluation cost of the TFR recorded in the company's balance sheet and to develop a simulation of replacement of the TFR recorded in the company balance sheet with an alternative form of debt, such as a loan repaid in installments, to evaluate a further monetary saving linked to the replacement.

Preferably, the processing module 201 ? further configured to process tax relief and/or monetary savings based on seniority? company average of employees.

Preferably, the processing module 201 ? further configured to process tax relief and/or monetary savings based on seniority? or a classification of each employee.

The tax relief and monetary savings processing system 100 preferably also includes an output module 301, configured to automatically present the tax relief and/or monetary savings in numerical and/or graphical form.

Figure 2 illustrates a further particular embodiment of the processing system 100 of the present invention.

The computing system 100, in this example, includes at least one computer, such as a personal computer or a laptop or even a tablet, in which the input module 101 is a computer interface and the processing module 201 ? at least one processor. Preferably, also the output module 301 ? a computer interface.

The 201 processing module? in particular configured to operate through one or more? spreadsheets according to relevant software instructions, for example using Microsoft Excel or an equivalent program.

Does the person skilled in the art understand that ? Is it possible to program the processing system of the present invention in one or more? of various software languages, meaning that the present invention is not specifically limited to a single program or programming language.

To better illustrate the functioning of the system for processing tax relief and monetary savings according to the present invention, a processing of input values set on the basis of the rules regulating the supplementary pension sector in Italy is now presented for illustrative and non-limiting purposes. (Legislative Decree 252 of 2005 and Art.

2120 Civil Code).

The pre-established input values can be: Personnel costs on the company side (Gross Annual Income, so-called RAL); TFR Revaluation Coefficient (year by year); Company contribution to the TFR Guarantee Fund; Company contribution for minor costs; Deduction from business income (this percentage of deduction is based on the TFR channeled towards supplementary social security forms and varies according to the number of company employees); Other fixed or variable elements depending on current regulations.

Further variable input values can be: TFR recorded in the company balance sheet; Company turnover; Individual employee RAL divided by classification; overall RAL of employees and also broken down by classification; Hiring date of each employee.

These input elements, both fixed and variable, preferably produce the following outputs through processing by the processing module 201: Subdivision and numbering of employees, preferably by classification / totals; RAL of individual employee based on job classification; Seniority? company average, preferably by classification / total; Economic and fiscal recovery, relating to the first year, preferably for each individual employee in relation to the classification / total relating to the entire staff; Total cost relating to the revaluation of severance pay, preferably based on seniority? corporate average; Failure to fully exempt the company contribution to the TFR Guarantee Fund, preferably based on seniority? corporate average; Failure to fully exempt the contribution relating to Minor Charges, preferably based on seniority? corporate average; Failure to fully deduct from company income the percentage applicable to severance pay paid to supplementary pensions by employees, preferably based on seniority? company average.

In a particular example, the TFR is no longer present in the company entails the exemption from the application of the TFR revaluation coefficient (accruing and possibly previous, for this second point automatic projection is foreseen, through other algorithms, capable of quantifying the future value relating to the fact that this post is not more present in the balance sheet). Each company whose employees pay the severance pay in a social security form is allowed exemption from the payment of 0.20% of the RAL to the severance pay guarantee fund at the INPS. This exemption? applicable to companies with up to 49 employees; for those with at least 50 units?, ? payment to the TFR Treasury Fund at INPS is mandatory. If the employee was a manager, the exemption percentage applied? equal to 0.40%. Each company whose employees pay the TFR into a supplementary social security form is allowed exemption from payment equal to 0.28% of the RAL relating to the so-called minor charges. For companies with up to 49 employees, which pay the TFR into a supplementary social security form,? a deduction from business income equal to 6% of the TFR paid by employees into a pension fund is applicable. For companies with at least 50 employees this deduction will be equal to 4%.

The total result of tax relief and/or monetary savings is preferably highlighted and transformed into sufficient financial resources to pay/dispose of TFR (saved) for a number of employees. This algorithm produces a numerical value that indicates, depending on the seniority? average, for how many employees, this sum, ? enough to pay their severance pay.

The same total result of tax relief and/or monetary savings is preferably also expressed as new and available resources sufficient to pay a given number of new employees, without having to bear the cost.

Furthermore, based on the TFR in the balance sheet, the 201 processing module preferably processes projections of how much the growth of the TFR will accrue and continue to leave in the company.

In particular, preferably, a simulation is developed based on the revaluation coefficient of the past severance pay and based on seniority. company average, how much overall will the company support? in future years, always with a time reference equal to seniority? company average, for the future revaluation of the severance pay currently in the balance sheet added to future revaluations and further added to future severance pay provisions in the company.

In particular, preferably, a replacement of the current TFR in the balance sheet with an alternative form of debt is simulated. This new debt, at rates that the company could obtain, represents a monetary value that the company will recoup. i.e. refund? in installments, so that depending on seniority? company average the company can find itself in a parity? budget, or repay the debt in installments.

In an example, a new source of financing of the previous TFR is evaluated, that is? a simulation is developed relating to the new cost of financing that the company can find on the market and according to the rate applied. For this calculation element, a repayment plan is simulated with automatic projection of the years necessary to clear the new loan. All this? always based on a specific time period, seniority? company average. These projections are able to quantify, for the previous TFR: the cost of maintaining and growing the TFR in the balance sheet; the cost of the new financing cost, i.e. that which allows the replacement from the balance sheet of the previous TFR as a source of bank financing; the differential between the cost of maintenance and the cost of replacement, to evaluate the economic advantage of the replacement.

Furthermore, the 201 processing module calculates the overall total of economic savings and tax relief that the company will obtain? in years equal to seniority? company average.

Preferably, the processed values are automatically projected into a graphical and commercial presentation, without needing to be manually modified by a human operator of the system.

Preferably, further software can be used that can operationally connect with the processing system of the present invention, operating in particular on the input interfaces (for example, to provide input data) and/or on the output interfaces (for example, to retrieve and process output data).

Applicability? industrial

Advantageously, the present invention allows the processing of tax relief and monetary savings, of interest to a company with employed workers.

Through the present invention, the processing results are projected directly, through specific links in graphic and commercial presentations aimed at showing and demonstrating to the individual company the economic advantages and tax reliefs obtainable from the transfer of TFR, accruing and previous, into forms of supplementary pension .

In particular, the present invention allows the processing, among other things:

1. The cost of each employee.

2. The overall cost of employees.

3. The overall cost of employees per classification. 4. Seniority? company average by position.

5. Seniority company average of all employees.

6. The lack of economic benefit relating to the revaluation of the severance pay, both for each individual employee and as a whole (depending on the average company seniority).

7. The lack of tax relief relating to the mandatory contribution to the TFR Guarantee Fund, both for each individual employee and in its total (depending on the average company seniority), in the case of a company with fewer than 50 employees.

8. The lack of tax relief relating to the contribution of minor expenses, both for each individual employee and as a whole (depending on the company's average seniority).

9. The failure to deduct 6% from business income for companies with up to 49 employees and 4% for those with at least 50 employees (depending on the average company seniority).

10. The total of the four elements just described.

11. The total cost of revaluation of future severance pay, in the event of non-transfer of previous and accruing benefits.

12. The cost of replacing the previous severance pay with another form of financing, with the hypothesis of debt cancellation, with a duration equal to seniority? company average.

13. The overall total of the benefits obtainable from both the accruing TFR and the previous TFR.

14. The latter is the determining point, being quantified with real and achievable data.

Considering the description reported here, the technician in the branch will be able to devise further modifications and variations, in order to satisfy contingent and specific needs.

The embodiments described here are therefore to be considered illustrative and non-limiting examples of the invention.

Claims (10)

1. System for processing tax relief and monetary savings for a company with employees, comprising an input module (101) configured to receive information relating to at least the following company variables: - a personnel cost for plurality? of employees, as the sum of the Gross Annual Salary (RAL) for each employee, and an associated value of severance pay (TFR) for said employees; - a deduction from business income based on a value of severance pay (TFR) already channeled towards supplementary social security forms, and preferably based on a number of said employees; - a value of severance pay (TFR) recorded in the financial statements of said company; - a date of hiring for each employee and relative seniority; and further comprising a processing module (201) configured to process said business variables and to determine at least the following tax relief and/or monetary savings: - at least one tax relief associated with a failure to deduct from business income a percentage applicable to severance pay (TFR) paid to forms of supplementary social security by said employees. 2. Processing system according to claim 1, wherein said input module (101) is further configured to receive information relating to company variables including a revaluation coefficient of said severance pay (TFR), considered year by year; and in which said processing module (201) is? further configured to determine a monetary saving associated with a total cost of revaluation of said severance pay (TFR). 3. Processing system according to claim 1 or 2, wherein said input module (101) is further configured to receive information relating to company variables including a company contribution to a Guarantee Fund and/or a company contribution for Minor Charges; and in which said processing module (201) is? further configured to determine a tax relief associated with a failure to exempt corporate contributions to said Guarantee Fund and/or for Minor Charges. 4. Processing system according to any one of claims 1 to 3, wherein said processing module (201) is further configured to calculate a total result of said tax relief and/or monetary savings expressed as equivalent resources, said equivalent resources being capable of paying a severance pay (TFR) saved for one or more? employees, or capable of paying a Gross Annual Salary (RAL) for one or more? employed workers. 5. Processing system according to any one of claims 1 to 4, wherein said processing module (201) is further configured to process a revaluation cost of said severance pay (TFR) recorded in the balance sheet of said company and to process a simulation of replacement of said severance pay (TFR) recorded in the balance sheet of said company with a form of debt alternative, such as a loan repaid in installments, to evaluate further monetary savings linked to this replacement. 6. Processing system according to any one of claims 1 to 5, wherein said processing module (201) is further configured to process said tax relief and/or monetary savings based on seniority? company average of said employees. 7. A processing system according to any one of claims 1 to 6, further comprising an output module (301) configured to automatically present at least said tax relief and/or at least said monetary savings in numerical and/or graphical form. 8. Processing system according to any one of claims 1 to 7, wherein said processing module (201) is further configured to process said tax relief and/or said monetary savings based on seniority? or a classification of each employee. 9. A processing system according to any one of claims 1 to 8, wherein said processing system comprises at least one computer, said input module (101) comprising an interface and said processing module (201) comprising at least one processor. 10. Processing system according to any one of claims 1 to 9, wherein said processing module (201) is configured to operate through one or more? spreadsheets according to relevant software instructions.