ISME Survey reports that 71% of SME’s have no preparations made for SEPA

Published 15/05/2013 | By Anne Reilly

A recent survey conducted by ISME across a range of SME’s indicated that only one in four SME’s were aware of the impact of SEPA which is being rolled out across the entire banking system.

ISME, the Irish Small & Medium Enterprises Association, published its survey on SME’s preparedness for SEPA (Single European Payments Area). The results show the need for a better communication from banks and Government to businesses, where just one in four SMEs are… Continue reading →

10 Great Reasons for Outsourcing your Payroll

Published 14/05/2013 | By Anne Reilly

There are lots of great reasons to outsource your payroll but we’ve picked 10 Great Reasons for Outsourcing Your Payroll here:

COST

Unless you have unlimited resources and want to spend, spend, spend; your money could be put to better use! In almost all businesses, an in-house payroll service is a money burner. If you calculate the hours your employees spend on payroll-related activities, plus payroll software costs, training costs, printers, printing and distributing payslips, creating tax documents etc,… Continue reading →

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How Payroll Bureaus Offering Managed Payroll Services Can Benefit Your Business

Published 13/05/2013 | By Anne Reilly

One of the most frequent questions we are asked is: How do Payroll Bureaus offering Managed Payroll Services really benefit businesses?

Employers of every size are obliged to identify, calculate and submit payroll taxes to Revenue through their payroll process. Staying up to date with the changes affecting payroll places a burden on businesses regardless of their size or situation. It’s important to make the right decision on how best to cope with payroll calculations, employee payments… Continue reading →

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UK Budget Changes 2013 include a New Scheme for Tax Free Childcare

Published 10/05/2013 | By Anne Reilly

The UK Budget Changes that may affect UK Payroll calculations from 2013.

Personal Allowances The latest UK budget changes has confirmed that the basic personal allowance will be increased from the current £8,105 to £9,440 for 2013/14. The Coalition Government plan to ultimately raise the allowance to £10,000 from 2014/15. The additional tax rate of 50% is reduced to 45% for 2013/14 for taxable income over £150,000.

National Insurance Employment Allowance The Government will introduce an allowance of… Continue reading →

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Supreme Court declares REA’s unconstitutional

Published 09/05/2013 | By Anne Reilly

The Supreme Court has declared Registered Employment Agreements, which set pay rates for certain sectors, unconstitutional.In a significant judgment affecting several employment sectors, the court ruled such agreements delegated law-making powers beyond the Oireachtas.The court said the agreements “passed unmistakably into the field of legislation which was the sole preserve of the Oireachtas”.The challenge to the REAs was taken by electrical contractors, who have welcomed the decision.

The electricians’ union the TEEU has said the decision does not overturn existing… Continue reading →

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SEPA the Single European Payments Area will impact on employers – is your business SEPA ready?

Published 08/05/2013 | By Anne Reilly

What is SEPA?

SEPA or the Single Euro Payments Area is a European payments initiative to create one single integrated standardised payments market in Europe. It will mean that individuals and organisations can make payments using the same format throughout the SEPA area of 32 countries in a quicker, easier and more cost effective way than currently.

When will it come into effect?

SEPA has been in operations since 2008 but from 1st February 2014, the current system… Continue reading →

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Employers – By the end of May 2013, your employees are required to return their completed Local Property Tax (LPT) form. One of the payment options is to have their LPT deducted through payroll.

Published 01/05/2013 | By Anne Reilly

Local Property Tax (LPT) – What employers need to know

What is LPT?

Individuals will be required to pay LPT from 1st July 2013. The LPT Payable for 2013 is based on the value of the property and determined by each individual. Revenue have issued guildelines on how each property should be assess and provide a simple on-line calculator on their site at http://www.revenue.ie/lpt_reckoner/index_en.html showing the amount payable for 2013. A booklet containing details of the LPT… Continue reading →

Posted in Blog, News, Tip of the Month | Tagged deductions from payroll, Local Property Tax, LPT | Leave a comment

Taxation of Maternity Leave, Adoptive Leave and Health & Safety Leave to be operated through an adjustment to the recipients Tax Credits and Standard Rate Cut Off Point (SRCOP).

Published 25/04/2013 | By Anne Reilly

From 1st July 2013, Maternity Leave, Adoptive Leave and Health & Safety Benefit will be taxed. The Revenue Commissioners confirmed yesterday that the taxation of Maternity Leave, Adoptive Leave and Health & Safety Leave will be operated through an adjustment to the recipients Tax Credits and Standard Rate Cut Off Point (SRCOP) .

Following lengthy discussions by various payroll professionals and groups, Revenue have accepted that the proposed method of taxing these benefits by employers were… Continue reading →

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Local Property Tax (LPT) – Revenue Briefing to employers on deduction at source from wages/salary or an occupational pension – 24th April 2013.

Published 25/04/2013 | By Anne Reilly

In a Briefing for employers about the Local Property Tax (LPT) and the deduction of LPT through salary and pensions yesterday, Revenue have advised that legislation governing Local Property Tax (LPT) provides for payment by a liable person of LPT for 2013 in one single payment or by phased payments over the period July to December 2013. One of the phased payment options provided for in legislation is deduction at source from wages/salary or an occupational pension.… Continue reading →

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Local Property Tax – LPT – What employers need to know

Published 24/04/2013 | By Anne Reilly

What is LPT?

Individuals will be required to pay Local Property Tax or LPT from 1st July 2013. The LPT Payable for 2013 is based on the value of the property and determined by each individual. Revenue have issued guidelines on how each property should be assess and provide a simple ready-reckoner showing the amount payable for 2013. A booklet containing details of the LPT and the various payment options has been issued… Continue reading →

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Further taxes would impact on employment says IBEC

Published 23/04/2013 | By Anne Reilly

IBEC says further tax increases would hit employment

The Irish jobs market is stabilising but any new tax increases would hit employment and undermine recovery, business lobby group IBEC has warned.

In a new jobs report, published by the Sunday Business Post, it said that 5,030 new jobs were announced during the first quarter of the year while 2012 saw the first annual increase in employment since 2008. But although unemployment is expected to fall… Continue reading →

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OECD urge for major pension reform

Published 22/04/2013 | By Anne Reilly

The government has been told by the OECD that it must strengthen laws to protect defined benefit pensions for members when schemes collapse or wind up.

The OECD report, which according to the Sunday Business Post is due to be published today, recommends that the government reform the current system to safeguard the pensions of contributors who are close to retirement, but in danger of losing their entire pension pot.

“The priority currently given to pensioners before other members if… Continue reading →

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Taxation of Maternity Benefit from 1st July 2013

Published 08/04/2013 | By Anne Reilly

Taxation of Maternity Benefit: Maternity Benefit paid to women by the Department of Social Protection will become liable to PAYE from 1st July 2013, however it will be exempt from PRSI and USC.

The taxation of Maternity Benefit is expected to become effective from 1st July 2013, regardless of when the Maternity Benefit commenced is claimed. It is hoped that Revenue will be responsible for the taxation of this payment via a reduction being applied to the… Continue reading →

Posted in Blog | Tagged Maternity Benefit, Maternity Leave tax, PAYE on Maternity Benefit, taxation of maternity benefit | Leave a comment

Local Property Tax deduction through payroll

Published 01/04/2013 | By Anne Reilly

The Local Property Tax will come into effect from 1st July 2013 may be deducted through payroll. Local Property Tax is payable on the market value of a residential property located within the state. It is up to each individual to determine their liability to Local Property Tax using the market value of their home.

For 2013 a half yearly charge will apply and an annual charge will apply for 2014 and subsequent years.… Continue reading →

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Good Friday is not a Public Holiday in Ireland

Published 22/03/2013 | By Anne Reilly

As Easter approaches, we get several calls asking if Good Friday is a Public Holiday. We can confirm that Good Friday is NOT a Public Holiday in Irealnd. Although most schools and many banks, shops and other establishments close for the day, there is no entitlement to Public Holiday pay for this day. Many employees use a days holiday to have the day off.

Easter Monday, however, is one of the nine Public Holidays in Ireland each… Continue reading →

Posted in Blog, News | Tagged Easter Monday, Good Friday, Public Holidays in Ireland | 1 Comment

Making Irish Payroll Easy with Managed Payroll Outsource Services

Published 20/03/2013 | By Anne Reilly

Setting up payroll in Ireland can be complex and time consuming. Having experienced local expertise to take care of it for you enables you to focus on getting your business up and running.

The team at Paycheck Plus have extensive experience in implementing payroll for multinationals setting up in Ireland and for companies who have decided to re-structure or amalgamate.

Paycheck Plus is Ireland’s award winning Payroll Bureau for Managed Payroll Outsource Services. Their tailored payroll outsource services… Continue reading →

Posted in Blog | Tagged Irish Payroll, Managed Irish payroll, Managed Payroll Outsource Service, payroll outsource, payroll services | Leave a comment

Change to format of PPS Numbers from 2013

Published 11/03/2013 | By Anne Reilly

The Department of Social Protection (DSP) will commence issuing new format PPS numbers (PPSNs) in the first quarter of 2013 for new individual applicants. The format of these numbers is 9 characters i.e. 7 numeric followed by 2 alpha characters with the second alpha character being A (e.g. 1234567SA).

Where employees have more than one employment with the same employer, Revenue use X and T in the ninth character space to identify the second employment. This will continue… Continue reading →

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Double Taxation Agreements

Published 06/03/2013 | By Anne Reilly

Ireland has entered into a DTA with 68 countries, of which 64 are in effect. New DTAs were entered into with Armenia, Panama and Saudi Arabia since the beginning of 2013. A DTA ensures that if an individual is resident in Ireland and is in receipt of income from another country, that income is not taxed twice i.e. in the country of origin and in the country of receipt. A DTA will either exempt the income from being taxed in… Continue reading →

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Public Holiday Entitlement for St Patrick’s Day

Published 05/03/2013 | By Anne Reilly

Our National Public Holiday: St. Patrick’s Day – 17th March 2013

St. Patrick’s Day 2013 falls on a Sunday this year. This has raised many questions about the Public Holiday entitlement so we’re here to explain how it works!

Monday 18th March 2013 may be a Bank Holiday, in that the banks are closed, but is a normal working day and not a Public Holiday.

Sunday 17th March is the Public Holiday.

… Continue reading →

Posted in Blog, News | Tagged Public holiday entitlement, St Patrick's Day | 2 Comments

March 2013 – Employer Tip – Maternity Leave Payments to be taxed by Employers

Published 04/03/2013 | By Anne Reilly

ER Tip for March – Maternity Leave Payments from Social Welfare will be taxable by the employer from 1st July 2013.

Taxation of Maternity Leave Benefit – Maternity Benefit will become liable to PAYE from 1st July 2013, however will be exempt from PRSI and USC. The taxation will apply to all Maternity Benefit effective 1st July 2013, regardless of when the Maternity Benefit commenced is claimed.

The Irish Payroll Association along with most employers and payroll processers … Continue reading →

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Revenue Remind Employers of Obligations

Published 28/02/2013 | By Anne Reilly

A Revenue PAYE Notice to Employers issued in December 2012 which addressed a number of obligations for employers including the following information:

Obligation to keep a Register of Employers

Employers are advised that under the Income Tax (Employments) Regulations 2012, which came into force on the 18th July 2012, all employers are required to keep a Register of Employees in paper or electronic format showing the name, address, Personal Public Service number and date of commencement/cessation of all employees.… Continue reading →

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Payroll Fraud in the news again – trusted payroll manager stole nearly £40,000

Published 22/02/2013 | By Anne Reilly

How safe is your payroll? Can you risk losing €40,000 from your business through payroll fraud?

Payroll fraud is on the increase – and those who think their payroll is in safe hands should think again! Can you be sure your payroll is properly controlled?

UK Media reported today on a payroll manager who stole nearly £40,000 from her employers. She has been jailed for four years. Between 2008 and 2010, Sally Etchells, 45,… Continue reading →

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Employer Tip February 2013: Budget changes to PRSI – what it means to employees

Published 04/02/2013 | By Anne Reilly

Budget changes to PRSI – Are you aware how the changes affect your employees?

Employees who are currently liable for PRSI will no longer have the weekly €127 PRSI allowance. This means that all employees who currently pay PRSI will pay just over €5.00 extra per week in PRSI or €264.00 per annum.

Self-Employed people will need to pay a minimum PRSI contribution of €500 per annum, increased from €253.

Other Budget Changes mean that new measures… Continue reading →

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Changes to PPS and Tax Registration Numbers

Published 24/01/2013 | By Anne Reilly

PPS and Tax Registration Numbers Changes 2013

The Revenue Commissioners have issued notice of an Extension Of The Personal Public Service Number (PPSN) And Tax Registration Number Range With Effect From 1 January 2013

Background Changes are taking place to new Personal Public Services Numbers (PPSNs) and Tax Registration Numbers (including VAT, Employer’s PAYE/PRSI and Corporation Tax reference numbers for non-individual cases) being issued from January 2013.

The Department of Social Protection (DSP) is extending the current stock… Continue reading →

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Changes to PRSI and USC for 2013

Published 14/01/2013 | By Anne Reilly

Budgetary Changes affecting PRSI & USC in 2013

There have been a number of changes that have been introduced in the Budget with regards to PRSI. From the 1st of January 2013 employees’ who are liable for PRSI will no longer have the weekly allowance available to them of €127. Employees that are modified PRSI contributors will no longer have the weekly allowance available to them of €26. As a result of these changes all employees that are liable… Continue reading →

Posted in Blog, News | Tagged PRSI, USC | Leave a comment

Tax Relief on Private Medical Insurance

Published 07/01/2013 | By Anne Reilly

Should your employees be claiming Tax Relief on Private Medical Insurance?

If you are paying Private Medical Insurance on behalf of your employees, then the Gross Cost of the Medical Insurance is taxable as a Benefit In Kind. Your employees can apply to Revenue for Tax Relief on the Private Medical Insurance at the standard rate of 20%.

Where the employer pays the insurance premium on behalf of the employee the net premium payable to… Continue reading →

Posted in Blog, News, Tip of the Month | Tagged Benefit In Kind, Private Medical Insurance, Tax Relief | Leave a comment

Revenue PAYE Notice to Employers December 2012

Published 17/12/2012 | By Anne Reilly

PAYE NOTICE TO EMPLOYERS

Tax treatment and reporting of Illness Benefit paid by the Department of Social Protection (DSP)

Employers are reminded that with effect from 1 January 2012, all taxable Illness Benefit is to be included with earnings. The option to reduce Tax Credits and Cut-Off Points no longer applies. Full instructions can be found in the Employer’s Guide to PAYE. Illness Benefit continues to be exempt from USC and PRSI.

Universal Social Charge (USC)

With… Continue reading →

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Local Property Tax – Budget 2013

Published 05/12/2012 | By Anne Reilly

Local Property Tax

In a country where home ownership in engrained in our psyche, the introduction of a Local Property Tax has struck fear into the hearts of home owners of all ages and all means. Today Minister Noonan revealed the details.

The Local Property Tax is due for payment by all residential property owners, regardless of whether they are living in the property or renting it out.

Homeowners will self-assess their property for the purposes of calculating the tax.… Continue reading →

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Budget 2013 – Pensions, AVCs & USC

Published 05/12/2012 | By Anne Reilly

Budget 2013 – Changes to Pensions, AVCs & USC

In contrast to Income Tax, there have been quite a number of changes in the pension sector. The government wants to encourage people on low and middle incomes to plan ahead and provide for their future financial stability but wishes to close some of the loopholes that allow high earners to benefit from disproportionate levels of tax relief. It is however worth pointing out that tax relief on pensions will… Continue reading →

Posted in Blog | Tagged AVC's, Budget 2013, Pension, USC | Leave a comment

Budget 2013 axes Top Slice Relief on Ex-gratia Payments

Published 05/12/2012 | By Anne Reilly

Budget 2013 axes Top Slice Relief on Ex-Gratia Payments

Employers need to be aware that from 1st January 2013 ex-gratia lump sum payments of €200,000 or more on termination or severance will no longer be eligible for Top Slicing Relief.

To date, individuals who were eligible for large ex-gratia payments paid tax in the year that they received the payment at their marginal rate. In the year that followed, they could apply to Revenue to have their payment… Continue reading →

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Maternity Benefit hit by PAYE in Budget 2013

Published 05/12/2012 | By Anne Reilly

Maternity Benefit hit by PAYE in Budget 2013

In comparison to other years there have been minimal changes to PAYE in Budget 2013. There have been no changes to tax bands or credits.

The real headline from the income tax topic is that Maternity Benefit is now to be subject to PAYE. Maternity Benefit, as with all social welfare payments, will be exempt from the USC. This change will come into effect from 1st July 2013.

The… Continue reading →

Posted in Blog | Tagged Budget 2013 Maternity, Maternity Leave, PAYE on Maternity Benefit | Leave a comment

Budget 2013 PRSI Changes

Published 05/12/2012 | By Anne Reilly

Budget 2013 – PRSI Changes

There are a number of key changes announced in Budget 2013 regarding PRSI that employers need to be aware of both for themselves and for their employees.

Self-Employed people will need to pay a minimum PRSI contribution of €500 per annum, increased from €253. Employees who are currently liable for PRSI will no longer have the weekly €127 PRSI allowance. This means that all employees who currently pay PRSI will pay just over €5.00 extra… Continue reading →

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Budget 2013

Published 05/12/2012 | By Anne Reilly

The tone of Budget 2013, delivered by Ministers Noonan and Howlin, this afternoon largely focussed on positivity. Minister Noonan asserted that the country is emerging from the worst of the crisis, while Minister Howlin acknowledged that what the people of Ireland have endured has been tough and almost without precedent in the developed world. As with any speech that is strong in rhetoric, the devil is well and truly contained the detail. The team at Paycheck Plus have studied and… Continue reading →

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Public Holidays for Christmas 2012 & New Year 2013

Published 03/12/2012 | By Anne Reilly

Public Holidays for Christmas 2012 & New Year 2013

Of the nine annual public holidays, three of them listed in the Organisation of Working Time Act 1997 fall within the next few weeks:

Christmas Day – 25th December 2012
St. Stephen’s Day – 26th December 2012
New Year’s Day – 1st January 2013

Christmas Eve and New Year’s Eve are not public holidays and are counted as annual leave if an employee who is scheduled to work… Continue reading →

Posted in Blog, News, Tip of the Month | Tagged Christmas holidays, public holidays | Leave a comment

Listen to our MD Anne Reilly in the Executive Chair

Published 23/11/2012 | By Suzanne Quinn

Anne will be live on Newstalk’s Down to Business Show with Bobby Kerr this Sunday, tune in to 106-108 fm at 10.30am or listen online

For those who missed the live show, the podcast is now available.

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Paycheck Plus Win Best Business Practice Excellence Award

Published 23/11/2012 | By Suzanne Quinn

Paycheck Plus received the excellence award for

Best Business Practice

At the Fingal Dublin Chamber’s gala presentation last Friday.

This category acknowledges customer focus and innovation and is open to businesses who demonstrate excellence and innovation in the areas of Customer Service, Business Development and Management Process.

Paycheck Plus were also one of 4 finalists in the Employer of the Year Excellence Award. Congratulations to Paypal who received this award.

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Best of Luck at the Fingal Business Excellence Awards 2012

Published 16/11/2012 | By Suzanne Quinn

Paycheck Plus have been nominated for yet more Business Awards!!

This time we’re shortlisted in two categories

Employer of the Year Excellence Award

&

Best Business Practice Excellence Award

In the Fingal Business Excellence Awards 2012, Anne and some of the team will be in attendance at the awards tonight in the Crowne Plaza Hotel, Santry.

Well done on another fantastic achievement, and the very best of luck tonight.

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Employment rights compliance when starting a New Business in Ireland

Published 16/11/2012 | By Anne Reilly

When setting up a new business with paid employees, employers must be familiar with a number of basic provisions under Irish employment law according to NERA the National Employment Rights Authority.

The National Employment Rights Authority (NERA) was established under the Social Partnership Agreement “Towards 2016“ to achieve a national culture of employment rights compliance. NERA provides information to employees and employers through its information unit, monitors employment conditions through its inspection services and… Continue reading →

Posted in Blog | Tagged compliance for new business, employer obligations, employment rights | Leave a comment

Revenue payments by credit card

Published 13/11/2012 | By Anne Reilly

Payment of tax to Revenue by Credit Card

To provide more payment options, Revenue introduced a new method of paying tax liabilities by credit card (VISA and MasterCard ). When the option was introduced in 2011, taxpayers who wished to avail of this payment option had to contact Revenue’s dedicated payment by credit card telephone service by phoning 1890 273747 or 01-8288045.

However, following the publication of Statutory Instrument No. 255 of 2012, taxpayers now have… Continue reading →

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Changes to P30 Returns frequency for smaller employers

Published 09/11/2012 | By Anne Reilly

Reduced Frequency of Tax Returns and Payments

Extension to newly eligible PAYE/PRSI customers

Revenue announced today that reductions in the frequency of PAYE/PRSI P30 returns and payments for smaller businesses are being extended to eligible businesses from 1 January 2013.

Businesses making total annual PAYE/PRSI payments of up to €28,800 are eligible to make their payments on a 3 monthly basis;

The benefits for qualifying businesses are two-fold:

Improved cashflow by only having to make payments at… Continue reading →

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Tax Relief for Coeliac Patients – use your Med 1 Form to claim tax back on gluten-free products

Published 09/11/2012 | By Anne Reilly

Tax Relief for Coeliac Patients requiring special dietary needs through the Med 1 Form

If you are a diagnosed coeliac patient you can claim tax relief at the standard rate (through the Med 1 form) on all purchases of special dietary gluten-free products during a tax year. The only proof of purchase is your shop receipt and generally this requires keeping all your receipts throughout the year and at the end of the year checking off the relevant… Continue reading →

Posted in Blog | Tagged Coeliacs, Med 1, special dietary needs, tax relief on special dietary needs | Leave a comment

Questions and Answers about the Revenue Job Assist Incentive

Published 07/11/2012 | By Anne Reilly

The Revenue Job Assist is an incentive to encourage employers in Ireland to employ people who are on the live register. We have received a record number of calls from interested employers who have asked the following questions:

Which jobs does Revenue Job Assist apply to?

It applies to jobs which

Are for a minimum of 30 hours per week
Are capable of lasting at least 12 months.

It does not apply to jobs that are

Primarily commission based… Continue reading →

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Obligation on New Employers to use the Revenue On-Line Service (ROS) for employer registration

Published 05/11/2012 | By Anne Reilly

Since the introduction of Statutory Instrument No. 253 of 2012 – Income Tax (Employments) Regulations 2012 on 18th July 2012, new employers (or changes in employer names or addresses) are obliged to electronically register with Revenue as an employer through ROS within 9 days of making a payment to an employee, where such payment is greater than €8 per week, or €2 per week if the employee has another employment.

Previously employer registration required the completion and submission… Continue reading →

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Employers Tip for November – Are you thinking of employing new staff? You may be entitled to additional tax deductions!

Published 31/10/2012 | By Anne Reilly

If you’re thinking of employing additional employees, then you may be able to claim additional tax deductions. The Revenue Job Assist allows employers a double wages deduction* in their accounts, if they employ a person who has been unemployed for 12 months or more.

*The double wages deduction may last for 3 years and applies to:

Wages paid to a qualifying employee in a qualifying employment and
Employer’s PRSI contributions paid in respect of such wages

In addition you… Continue reading →

Posted in Blog, Tip of the Month | Tagged employing staff, Revenue Job Assist, Tax deductions for new staff | Leave a comment

Auto Enrolement – Pension obligations for UK employers

Published 12/10/2012 | By Anne Reilly

Auto enrolement

Pension Auto-enrolment On 1 October 2012 the auto-enrolment of pension contributions will begin to take effect. This will be phased in, beginning with the largest employers (250 + employees), over a 5 year period.

For small employers with less than 50 staff your staging date is now from one year later than planned,in May 2015 instead of April 2014. The percentage rates are also being staged in. Need help ? Please feel free to… Continue reading →

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Five Tips for entering the UK Market

Published 08/10/2012 | By Anne Reilly

On Monday 8th October, the Sunday Business Post featured 5 tips for companies expanding their business into the UK which remains our biggest market. The Post spoke to Christine Esson, the UK Manager at Enterprise Ireland who advised on the following:

Tip 1: Don’t underestimate the differences

While Ireland and Britain have a lot in common, entering into the British market can prove to be a tougher task than many start-ups realise. It is important not to underestimate… Continue reading →

Posted in Blog, News | Tagged Doing business in the UK, Entering the UK Market, Payroll in the UK, Starting business in the UK, UK Payroll | Leave a comment

UK Payroll – RTI is on the way!

Published 07/10/2012 | By Anne Reilly

The move to reporting PAYE information online to HMRC in REAL TIME is mandatory. Most employers will have to move to operating RTI (Real Time Information) from April 2013.

From October 2012, HMRC will write to all employers telling them what they need to do to get ready for RTI, and in February 2013 they will confirm the date from which each employer should start reporting their PAYE information in real time.

How RTI will be implemented: … Continue reading →

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Force Majeure Leave

Published 04/10/2012 | By Anne Reilly

As told by Tom O’Driscoll in Liberty magazine, Sharon, a single mother living on her own, is about to drop off her five-year-old child at school and continue on to the factory where she works as a production supervisor. Her child gets violently sick after breakfast and this symptom is accompanied by a high temperature. She decides that the child needs urgent medical attention so she rightly brings the child immediately to the local doctor, who upon an initial examination,… Continue reading →

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Taxation of Illness Benefit – Employers are now responsible

Published 01/10/2012 | By Anne Reilly

Employers are now responsible to tax any illness Benefit received by employees. When an employee is absent from work due to illness and receives Illness Benefit from the Department of Social Protection (DSP) it is now the employer’s obligation to deduct tax through the PAYE system.

The DSP notifies the employer of the amount of the taxable Illness Benefit, which your employee is entitled to receive while out sick and also the date the payment commenced. Employers must contact the… Continue reading →

Posted in Blog, Tip of the Month | Tagged illness benefit, taxation of sick pay | Leave a comment

Congratulations to Anne

Published 01/10/2012 | By Suzanne Quinn

Our MD Anne Reilly received Runner Up in the Self Employed Business Woman category in the Network Ireland 2012 Business Awards last Friday. Congratulations Anne, fantastic achievement.

Some of the Paycheck Plus Team at the Network Ireland 2012 Awards

Drogheda, Friday, 28th September 2012: Network Ireland, the organisation for women in business, professions and the arts, is delighted to announce the winners of this year’s Business Women of The Year Awards. The awards were presented at… Continue reading →

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