Our Payroll end of year seminars are essential for all payroll operators, managers and HR staff.
Multiple changes to the operation and legislation occurred during 2011. Are you aware of these changes?
This Payroll annual Update Day will cover all changes announced during tax year 2011, including amendments to
PRSI and USC. We will discuss in depth what these changes mean to your end of year and will recommend
best practice to ensure compliance.
We will also cover in detail all Payroll related changes announced in Budget 2012. As you may be aware,
Revenue have provided advance notice of changes to the USC, from 1st January 2012 the USC will
be calculated on cumulative basis, as opposed to the current week 1. We expect this to be the first of many
amendments for 2012.
Don't leave it to chance, start 2012 on the right note.
Book one of our Payroll end of year seminars today, places are limited so book early!
Tuesday, November 8, 2011
Thursday, July 7, 2011
What is PAYE?
WHAT IS THE PAYE SYSTEM (PAY AS YOU EARN)
The PAYE system came into operation in October 1960 for the sole reason of easing the burden of tax collection and payment. (see our "Complete guide to PAYE & Payroll in Ireland")
The PAYE system is the method used by the Revenue Commissioners to collect the following based on an employee's income:
- Income Tax
- Universal Social Charge (Introduced in Tax Year 2011)
- PRSI (Pay Related Social Insurance)
Nearly all income is liable to tax. Tax on income earned from employment is deducted by the employer on behalf of the Irish Government. This is known as Pay As You Earn (PAYE). The amount of tax paid depends on
the amount of the income and on employees personal circumstances.
It is the employer's legal responsibility to record and deduct tax on all taxable income received by the employee.
Tax Year
The PAYE system operates for a period of 12 months from 1st January - 31 December.
Do you need payroll training? Book a Payroll Training Course or purchase a digital copy of our course notes
The PAYE system came into operation in October 1960 for the sole reason of easing the burden of tax collection and payment. (see our "Complete guide to PAYE & Payroll in Ireland")
The PAYE system is the method used by the Revenue Commissioners to collect the following based on an employee's income:
- Income Tax
- Universal Social Charge (Introduced in Tax Year 2011)
- PRSI (Pay Related Social Insurance)
Nearly all income is liable to tax. Tax on income earned from employment is deducted by the employer on behalf of the Irish Government. This is known as Pay As You Earn (PAYE). The amount of tax paid depends on
the amount of the income and on employees personal circumstances.
It is the employer's legal responsibility to record and deduct tax on all taxable income received by the employee.
Tax Year
The PAYE system operates for a period of 12 months from 1st January - 31 December.
Do you need payroll training? Book a Payroll Training Course or purchase a digital copy of our course notes
Friday, February 25, 2011
How long does maternity leave last in Ireland?
If you become pregnant while you are working in Ireland, you are entitled to take maternity leave.
Your entitlement to maternity leave lasts for 26 weeks, together with 16 weeks’ additional unpaid maternity leave.
Employers are not obliged to pay women on maternity leave. You may qualify for Maternity Benefit, which is a Department of Social Protection payment based on PRSI contributions. Maternity Benefit is not payable during the 16 weeks’ additional leave.
Click Here for more details on Maternity Leave
Your entitlement to maternity leave lasts for 26 weeks, together with 16 weeks’ additional unpaid maternity leave.
Employers are not obliged to pay women on maternity leave. You may qualify for Maternity Benefit, which is a Department of Social Protection payment based on PRSI contributions. Maternity Benefit is not payable during the 16 weeks’ additional leave.
Click Here for more details on Maternity Leave
Tuesday, February 8, 2011
Tax Refund Tips: Redundancy
Were you made redundant at any stage over the past 4 years. Over 90% of employees made redundant are
not aware they may have overpaid tax on their redundancy package, refund amounts depend greatly on how much you earned during that tax year, if you were unemployed for the remainder of the tax year in question, and whether or not you claimed all credits and allowances that were due.
Refund Process: You may claim directly from Revenue using their PAYE anytime service or by contacting your local tax office. Alternatively, we recommend using a third party to process all potential tax refunds due. Outscourcing this process is simple, cost effective and ensures your claims are correct and accurate. Visit Paylesstax.ie for more information.
not aware they may have overpaid tax on their redundancy package, refund amounts depend greatly on how much you earned during that tax year, if you were unemployed for the remainder of the tax year in question, and whether or not you claimed all credits and allowances that were due.
Refund Process: You may claim directly from Revenue using their PAYE anytime service or by contacting your local tax office. Alternatively, we recommend using a third party to process all potential tax refunds due. Outscourcing this process is simple, cost effective and ensures your claims are correct and accurate. Visit Paylesstax.ie for more information.
Thursday, February 3, 2011
Tax Refund Tips: Medical Expenses
If you have paid for medical expenses in Ireland or anywhere within the EU, you may be entitled to a partial tax refund.
Most medical expenses are covered, there are exeptions however such as routine eye checks and some dental procedures. For tax years 2009 & 2010, The full amount of your medical expenses can be claimed. Tax relief is granted @ the 20% tax rate, regardless of whether you are a higher or standard rate tax payer.
Refund Process: You may claim directly from Revenue using their PAYE anytime service or by contacting your local tax office. Alternatively, we recommend using a third party to process all potential tax refunds due. Outscourcing this process is simple, cost effective and ensures your claims are correct and accurate. Visit Paylesstax.ie for more information.
Most medical expenses are covered, there are exeptions however such as routine eye checks and some dental procedures. For tax years 2009 & 2010, The full amount of your medical expenses can be claimed. Tax relief is granted @ the 20% tax rate, regardless of whether you are a higher or standard rate tax payer.
Refund Process: You may claim directly from Revenue using their PAYE anytime service or by contacting your local tax office. Alternatively, we recommend using a third party to process all potential tax refunds due. Outscourcing this process is simple, cost effective and ensures your claims are correct and accurate. Visit Paylesstax.ie for more information.
Monday, January 31, 2011
New Minimum Wage and Existing Employees
Are you an existing employee on the old Minimum Wage rate? Has your employer attempted to lower your hourly rate from E8.65 to the new national minimum wage of E7.65?
In some cases your employment contract or terms of employment will say that you are paid at the
“prevailing National Minimum Wage hourly rate”. Where this is the case, an employer may reduce your
pay in line with the minimum wage rates. In other cases there may be a provision in the contract that
provides for a reduction in pay.
Where this is not the case, and you are on the previous minimum rate of €8.65 per hour, your employer
cannot reduce it without your agreement, as this would change the terms of your contract of employment.
Find out more on the National Employment Rights Authority Website.
Payroll
In some cases your employment contract or terms of employment will say that you are paid at the
“prevailing National Minimum Wage hourly rate”. Where this is the case, an employer may reduce your
pay in line with the minimum wage rates. In other cases there may be a provision in the contract that
provides for a reduction in pay.
Where this is not the case, and you are on the previous minimum rate of €8.65 per hour, your employer
cannot reduce it without your agreement, as this would change the terms of your contract of employment.
Find out more on the National Employment Rights Authority Website.
Payroll
Tuesday, January 25, 2011
Universal Social Charge Ammendments!
Government is planning to bring amendments to the Finance Bill relating to the universal social charge.
The proposal is to introduce a lower rate for those holding a medical card who are subject to the 7% rate. These will now see their rate lowered to 4%.
Self-employed people earning more than €100,000 will pay an extra 3% surcharge on any incomes above that amount. The Minister said this would mean such people would be back at the levels they were before the Budget.
The proposal is to introduce a lower rate for those holding a medical card who are subject to the 7% rate. These will now see their rate lowered to 4%.
Self-employed people earning more than €100,000 will pay an extra 3% surcharge on any incomes above that amount. The Minister said this would mean such people would be back at the levels they were before the Budget.
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