The team at Paycheck Plus hardly had time to recover from winning the “Best Training Initiative 2011″ award when they were called to centre stage by Marty Whelan, host for the night, to accept the “Customer Service Excellence 2011” award on Friday night, 4th November at the Fingal Chamber Business Awards.

Up against stiff competition, the Paycheck Plus Team were shortlisted for an amazing three different awards and were delighted that they were selected for… Continue reading →

Attending the inaugural National CFO & Finance Directors’ Forum in Croke Park this week, the Team at Paycheck Plus were inspired by the refreshing sharing of information and insight from some of the most powerful executives in Ireland.  Coming from a range of sectors, the delegates left the confines of their offices to share ideas and inspiration on the emerging role of the Financial Executives role in Irish business.  As one speaker aptly described it,… Continue reading →

The month of August starts with a new location for the team at Paycheck Plus.  Moving from our starter space in Clogherhead we are now resident in the IDA Enterprise Park in Dunleer, Co Louth.  Our new offices will allow for continued growth and development of the business.  We look forward to welcoming clients and suppliers to Unit 9.  Thanks to everyone who helped with the move and for the good wishes.

A Judgment of the High Court on Thursday 7th July 2011 means that all of the seventeen Employment Regulation Orders (EROs) ceased to have statutory effect from that date and cannot be enforced. It has been declared that the relevant provisions of the 1946 and 1990 Industrial Relations Acts are unconstitutional because they allowed for an impermissible excessive delegation of law-making power concerning pay and conditions to the Labour Court in the absence of any guiding policies or principles.

Employers… Continue reading →

Employer contributions to PRSAs – Income Tax, PRSI and USC

The purpose of this eBrief is to clarify for employers and payroll practitioners how employer contributions to an employee’s Personal Retirement Savings Account (PRSA) are to be treated for Income Tax, PRSI and USC purposes.

Benefit-in-kind (BIK)

An employer contribution to an employee’s PRSA is treated as a taxable BIK for the employee. However, for the purposes of obtaining tax relief on pension contributions, the employee rather than the employer… Continue reading →

Finally, the wait is over and the result is in!  After much debate in the Payroll sector, the Department of Social Protection announced at the IPASS Annual Payroll Conference on May 19th that Employers are not liable for Employer PRSI on the Employer contribution to a PRSA.

The employee will be liable to USC on the Employers contribution to a PRSA but not PRSI.

The Irish Government is to reduce the VAT rate on a range of tourism related goods and services from 13.5% to 9%  as part of the jobs initiative announced by Michael Noonan,  Finance Minister in the Dáil today.

Finance Minister Michael Noonan

The package of measures also includes the halving of employers PRSI for low paid workers earning below €356 euro a week. This measure will affect 600,000 workers.

The Minister described the measures as the first… Continue reading →

As Easter approaches us again, we remind employers that Good Friday is NOT a statutory Public Holiday.   Many people assume that Bank Holidays  and Public Holidays are one and the same thing but not so.  Good Friday is a holiday for the Banks (and many other businesses).Employers are not obliged to give a day off or pay Public Holiday entitlement for Good Friday, unless it is part of an agreement, ERO, JLC or taken as a… Continue reading →

The Revenue Commissioners launced a new facility this week allowing eligible Mortgage holders apply for interest relief on-line through their website.

New rules affecting mortgage interest relief mean that taxpayers must provide detailed information to allow Revenue determine if they are eligible for the tax relief.

To apply, applicants will need their PPS Number and their spouse’s PPS number, if applicable, along with details of their mortgage account.  They will also need their bank account details to… Continue reading →

“Save time and money by maximising payroll efficiency” read the headline in the Sunday Tribune on 16th January 2011. The Business Section of the Sunday Tribune outlined various options for small businesses seeking to focus energies on what really matters in their businesses and concluded that outsourcnig payroll was one of the core activities that could make the difference in the next 12 months. The article commenced Paycheck Plus: Passionate about Payroll. Employing th services of a specialist… Continue reading →

The calculation of payroll in 2011 has several changes including changes to Tax Credits and Standard Rate Cut Off Points. Many exempt benefits will now become taxable. PRSI will continue to apply but the new USC will replace the Helath Levy and income levy. USC relief will not be allowed on employee pension contributions and unlike the levies, there is no exemption from the USC for holders of full medical cards. By outsourcing your payroll to Paycheck Plus you need… Continue reading →