Summer holidays are just around the corner and many employers are considering hiring students during this time. Although it’s nice to see employers affording the opportunity to the future leaders of this country there are also many rules and regulations employers need to be aware of if they are considering hiring students.

The Protection of Young Persons (Employment) Act is designed to protect young workers under the age of 18. Below are several areas employers need to be aware of.… Continue reading →

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 →

USC calculation changes from 1st January 2012

Since 1st January 2012 Revenue has changed the way in which USC is calculated.  USC is now calculated on a cumulative basis, similar to the manner in which PAYE is deducted. Where an employee’s Gross Income does not exceed €10,036 per annum, no USC liability will arise. This exemption will be stated on the employee’s tax credit certificate for 2012 which is used by the Payroll Team in processing your payroll.

The… Continue reading →

Revenue have advised that it will suffice for an employer to print one copy of a P60 for an employee for tax year 2011 and subsequent years. There is no requirement to print a duplicate copy. If an employee seeks a duplicate copy, employers are permitted, but not obliged, to give a duplicate copy. Employers have the option of giving employees a printed version however, it is also acceptable to give an electronic P60 to an employee once the employee… Continue reading →

Tax Relief in respect of Tuitions fees for Third Level Education

As many students commence study at this time, it’s worth considering if you can claim tax relief on Third Level education fees for yourself or anyone for whom you pay third level fees.  Relief is available at the standard rate of tax (currently 20%) subject to a maximum limit of €7,000 for the academic year 2011- 2012.

For 2011 and subsequent years, the first €2,000 of any claim… Continue reading →

National Payroll Week celebrates the hard work and dedicated service provided by payroll personnel such as the Payroll Team at Paycheck Plus in Ireland. It is their responsibility to guarantee accurate and timely payment of salary and wage payments for more than 1.8 million employees. The work of payroll personnel is usually taken for granted and often goes unrecognised and unrewarded, despite the fact that they play a vital role in every company. Payroll personnel in Ireland are responsible for… Continue reading →

Employers Tip March 2011 - Create a new position and pay no Employers PRSI for 12 months

 The Employers Job (PRSI) Incentive Scheme has been extended from 2010. Employers do not have to pay the employers’ portion of the PRSI contribution for certain employees.  

Employers who have created new jobs for people who had been claiming Jobseeker’s Benefit for a period of 6 months will not have to pay employer’s PRSI in respect of their employment for… Continue reading →

It’s a fact that PAYE workers will pay more tax from January 2011. Many tax credits have been reduced or abolished. However, medical receipts can still be reclaimed through the Med1 form. You may claim tax relief at the standard rate of tax (20%) for certain medical expenses incurred by you or in respect of any other individual. A claim for tax relief must be made within 4 years after the end of the tax year to which the claim… Continue reading →