Payroll Training

Payroll Course (Level 1): Practical Payroll

Application and Processing of PAYE/PRSI & the USC (New 2012 Cumulative Basis)

Sourcing of Material (How to find answers)

Listing of relevant Payroll related website and support lines.
Details of the relevant Government entities.

Payroll Terminology (Speak English please!)

Defining the terms and the relevant terminology applicable to payroll.
Know what terms are used and how they are understood by the various government entities and payroll partners (employee & employer).

Employer Payroll Requirements (What needs to be done)

Summary overview of the employer responsibilities and requirements and the listings of the relevant forms and their return/processing dates.
Suggested listings of records to be kept for Revenue Audits.

Payments (When to charge Tax/PRSI and/or USC?)

Defining Pay for the purpose of …

Taxable Income.
PRSI’able (employer & employee) Income.
USC’able Income.
Non-Taxable Income.
Round Sum Payments.

Deductions Gross & Net (Deducted before or after Tax/PRSI and/or USC?)

Defining Pay for the purpose of …

Pensions.
Personal Retirement Savings Accounts (PRSA’S).
Additional Voluntary Contributions (AVC’s) .
Net Deductions.

USC - Universal Social Charge (What you need to know!)

What is the USC and how will it operate? (Cumulative/Week 1/Emergency /Exempt)
What payments are liable? (Employer PRSAs & PHIs)
What new and existing forms are required? (P45s)
Changes to the employee payslip & employee record.
USC Refunds.

PAYE - Pay As You Earn (Tax Explained)

Tax Credits, Allowances & Standard Rate Cut Off Points.
Week 1/Month 1/Normal Cumulative/Emergency Tax Status.
Employee and Employer Responsibilities.
PAYE Tax Credits and Reliefs.
Tax Refunds.

PRSI - Pay Related Social Insurance (What is it all about?)

Social Insurance rates and charges.
Allocation of Employee’s PRSI Classes and Sub-Classes (A,B,C,D,H,J,K,M,S).
Costs to both the Employee and the Employer.
PRSI Employee Refunds, Holiday Pay and Related PRSI Costs.
Contribution Weeks and the Possible Consequences.
PRSI Refunds.

Reviewing a Payslip (Putting it all together!)

Understand the layout and make up of a standard payslip.
Explaining the different calculations (PAYE, PRSI & USC).

Revenue Returns (Dotting the i’s and crossing the t’s)

Processing End of Month

P30 Monthly Return Form

Processing End of Year
Review End of Year forms, P60’s, P35’s Income Levy Cert.
How best to run the EOY process.
What does week 53 mean and when does it apply, (53 Mondays in 2012!).