PAYE MODERNISATION

The ongoing modernisation of the PAYE system will mean that the new SMART reporting will come into effect in January 2019. Under the new system, employers will need to calculate and report their employees’ pay and deductions in real time – ie – as they are being paid. This will make it easier to deduct […]

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ARE YOU READY FOR SMART PAYE?

SMART PAYE is coming in January 2019 as part of the PAYE modernisation being undertaken by Revenue. SMART PAYE The objective of PAYE modernisation is to deliver real time information. Revenue, employers and employees will have the most accurate, up to date information relating to pay and statutory payroll. This will ensure that right amounts of […]

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Employing family members in your business

You’ll probably find that your spouse is nearly always involved in some shape or form in the running of your business so there should be no difficulty in justifying a salary payment for income tax purposes. For PRSI purposes a person who is directly employed by their spouse is not considered to be in insurable […]

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Preparing your books for your Accountant

The more work you can do before handing your books over to your accountant, the less donkey work they have to before getting down to the important work of saving you money on your taxes: If your accountant is doing your monthly book-keeping you should try to make sure you are handing them over records that […]

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Appointing your Accountant

Don’t choose based on price alone – there won’t be a huge difference between firms charge rates these days A lot of firms now have set-fee pricing structures – this way you know exactly how much you are going to pay for the job – they also quite often allow clients to pay the bills on […]

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How You Can Avoid Costly Unfair Dismissal Cases in Your Business

Unfair Dismissal

A successful unfair dismissal case against a business can cost the employer up to two years’ remuneration in compensation. A successful equality case can have a compensation award made against an employer for up to two years’ salary and, in certain gender discrimination cases – particularly involving maternity issues – awards have also tended to […]

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