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David Twomey
Be confident in the new year with Budget 2013 payroll seminars
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Every year a new budget rolls around and companies must renew their payroll implementation to reflect the changes in the new budget. Budget 2013 will be no different in that respect. For businesses around Ireland the new budget can have many effects beyond just the new tax burdens it may impose and the changes to payroll that will be required to be implemented.
Making sure payroll staff are aware of relevant changes occurring in the 2013 budget is vitally important for all businesses in Ireland. A small legislative change could have costly consequences for a company were it to be overlooked in the implementation of payroll for the subsequent year. A mistake could lead to underpayment of payroll deductions or equally an overpayment. Both mistakes could have costly repercussions for the company that made them.
Staff are also not always aware of the concrete effects the budget may have on their salaries. Fully understanding the legislation and why it results in the payroll deductions it does can minimise the stress for both staff and management as management can more clearly explain the budget and its consequences for ordinary workers.
Improperly filed payroll processes can also draw the attention of the revenue services. Improperly filed payrolls may suggest to revenue that previous years have been similarly filed even if it is merely a result of the new budget. A comprehensive understanding of the consequences of the budget on payroll can reduce the likely hood of stressful and time consuming revenue audits.
Payroll matters hold a number of seminars at major locations all around Ireland to help prepare staff for the changes to payroll structure that will arrive with the budget of 2013. The seminars are suitable for anyone involved in calculating payroll. The seminars are designed to provide a thorough understanding of the relevant changes that will affect payroll calculation as a result of the budget. The seminars run in morning and afternoon sessions with each session lasting for 2 ½ hours each. By making clear what exact changes need to be made before the implementation of the 2013 start of year payroll the seminars will provide confidence and reassurance to management and account staff.
Every year a new budget rolls around and companies must renew their payroll implementation to reflect the changes in the new budget. Budget 2013 will be no different in that respect.
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