Payroll Course 123: Irish Payroll Essentials

Three Day (3 Steps) Payroll Course

Step 1/Day 1- Practical Payroll
Understanding PAYE, PRSI and Income Levy; coving the payment of wages, and deductions processing of the Month and Year End, and processing Starters and Leavers.

1.     Sourcing of Material (How to find answers!)

2.     Payroll Terminology (Speak English please!)

3.     Employer Payroll Requirements (What needs to be done!)

4.     Payments (When to charge Tax/PRSI and/or Income Levy?)

5.     Deductions Gross & Net (Deducted before or after Tax/PRSI and/or Income Levy?))

6.     Income Levy (What you need to know!)

7.     PAYE - Pay As You Earn (Tax Explained)

8.     PRSI - Pay Related Social Insurance (What it’s all about!)

9.     Reviewing a Payslip (Putting it all together!)

10.   Revenue Returns (Dotting the I’s and crossing the T’s)

11.   Starters & Leavers (Where it all starts and ends!)

Step 2/Day 2 - Payroll Legislation
Understanding and applying payroll legislation, including Maternity & Illness, Redundancy & Termination Payments, CSO Requirements and the Working Time Act, and Payment & Processing of Expenses and potential Payroll Savings.

1.     Maternity Benefits – (Who, what and how to process)

2.     Illness Benefits – (Taxable and non-taxable, what to do!)

3.     Statutory Redundancy Payments (How to pay, and what paper work is needed!)

4.     Termination Payments (Taxable or Non-taxable)

5.     Annual Leave (Full or Part Time Employees)

6.     Public Holidays (What are employees entitled to?)

7.     Expenses (What can be paid? How to record them!)

8.     Tax Back / Payroll Refunds (Potential Savings for Employee / Employers)

9.     CSO Surveys EHECS & NES (What are they? How to complete them?)

Step 3/Day 3 - Benefit In Kind

Application and Taxation of Benefit In Kind - BIK (Company Cars/Vans, Medical Insurance, Accommodation, Loans, etc)

1.     Introduction to Benefit In Kind

2.     BIK Terminology (Speak English please!)

3.     Exceptions to the Rule (What items have no Tax Liability?)

4.     Application of PAYE/PRSI/Income Levy (How it all works?)

5.     General Valuations (What to do with miscellaneous items?)

6.     Company Cars (What do and how much to charge?)

7.     Company Vans (What do and how much to charge?)

8.     Loans (What interest rates to charge? Advances?)

9.     Employer Provided Accommodation (Who pays the rent?)

10.   Specific Items and Rules (Medical Insurance, entertainment, phones, etc)