Hello,
I'm working full time in a financial institution in Zurich. I recently got an offer to work as a consultant for a Bay Area startup in California. I plan to work on this consulting work outside of my regular job time. I don't have a possibility to reduce my full time job to any lower percentage. Also I'm not sure how long the startup consulting could last.
do I need to let my primary employer know about my consulting activities that don't pose any conflict of interest as its a very different industry. I'm afraid that my company might say no to such arrangement as this arrangement might make me more tired and can't focus fully on my primary job. What happens if I say nothing to my primary employer? I think I would need to declare the income I receive from my consulting activities on my tax statement. I'm south Asian married to a Swiss so I don't do tax at source and file independently along with wife's taxes. Is there any way my employer would know about this consulting activity through tax authorities? Would it be illegal not to mention about this consulting arrangement with my primary employer? I'm really in a dilemma and any inputs and insights to my situation would be highly appreciated.
Thanks a bunch in advance
CM
100% Swiss job plus consulting from US
I'm working full time in a financial institution in Zurich. I recently got an offer to work as a consultant for a Bay Area startup in California. I plan to work on this consulting work outside of my regular job time. I don't have a possibility to reduce my full time job to any lower percentage. Also I'm not sure how long the startup consulting could last.
do I need to let my primary employer know about my consulting activities that don't pose any conflict of interest as its a very different industry. I'm afraid that my company might say no to such arrangement as this arrangement might make me more tired and can't focus fully on my primary job. What happens if I say nothing to my primary employer? I think I would need to declare the income I receive from my consulting activities on my tax statement. I'm south Asian married to a Swiss so I don't do tax at source and file independently along with wife's taxes. Is there any way my employer would know about this consulting activity through tax authorities? Would it be illegal not to mention about this consulting arrangement with my primary employer? I'm really in a dilemma and any inputs and insights to my situation would be highly appreciated.
Thanks a bunch in advance
CM
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