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Monthly Archives: April 2012

Work From Home and Save Money on Taxes

According to the Revenue Commissioners, employees who work from home or otherwise known as e-workers, fall under one of the following categories:

  • Work from home on a full time or part time basis
  • Work some of the time at home and some of the time in the office
  • Work while on the move with occasional visits to the office

The Revenue Commissioner has set specific tax guidelines for e-workers in relation to employees using both information and communication technologies located… Continue reading

Understanding Illness Benefits

Illness Benefits are afforded to Irish citizens by the Department of Social Protection if a person is unable to work due to an illness.  The Illness benefit is only applicable to those under the age of 66 and who are covered under PRSI.

As of 1 January, 2012, it was announced that Illness Benefits are to be taxed from the first day of payment. Prior to this change, the first 6 weeks were exempt from tax.

There is… Continue reading

5 Ways to Make Smarter Business Decisions‏

It’s those small decisions that can make or break the business. Those smart decisions to change the things we’ve always done has been proven to reduce costs.  It doesn’t take a lot of time or effort to put these in place.

Here are five smart decisions you can make to reduce your business cost and improve your bottom line

1.  Use Technology

Technology now allows us to automate and streamline processes that weren’t available to us ten… Continue reading

Are you Ready for Automated Tax Deductions

Are you prepared to invest more hours into managing your payroll? It looks like you are going have to in order to meet the upcoming changes in tax and payroll calculations.

Over the next 18 months, HR and Payroll managers will need to provide more detail to HMRC, which would usually be sent at the end of the tax year. Information such as employee’s date of birth, address and national insurance number, normal working hours, passport details, purpose of parental… Continue reading

Dublin Hospital Over Pays Employees by €400,000‏

An unnamed Dublin Hospital was found overpaying their employees on sick leave by €200 a week because of confusion in the payroll system. The blame was said to be the payroll system which inaccurately calculated sick and maternity leave and did not take the employees benefits into account. This error has cost the hospital approximately €400,000 a year from overpaying absent staff and also paying too much in tax and social welfare contributions.

The truth of the matter is that… Continue reading

Is Good Friday a Public Holiday?

As an employer, you have probably been asked several times if Good Friday is an entitled day off for your employees. The answer in most cases is no.

The Republic of Ireland has nine public holidays each year. Public holidays are sometimes referred to as bank holidays but the terminology is confusing.  Bank holidays are where banks and schools close for the day. Public holidays on the other hand are as follows:

Extension of the PRSI Incentive Scheme to support job creation

On 23 February 2012, the Minister for Social Protection announced that the Employer Job PRSI Incentive scheme, is now being extended into 2012.

 Under the scheme, if an employer takes on an additional member of staff in 2012 , who had been unemployed for 6 months or more, s/he would be exempted from paying employers’ PRSI for 18 months. The job must be new and additional, be for at least 30 hours a week and last for at least… Continue reading