Payroll Course (Level 1): Practical Payroll

Application and Processing of PAYE/PRSI & the Income Levy

Sourcing of Material (How to find answers?)

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

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 Income Levy?)

Defining Pay for the purpose of …

1. Taxable Income,
2. PRSI’able Income
3. Income Levy’able Income
4. Non-Taxable Income
5. Round Sum Payments,

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

Defining Pay for the purpose of …

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

Income Levy (What you need to know!)

• What is the income levy and how will it operate?
• What payments are liable?
• What new and existing forms are required?
• Changes to the employee payslip & employee record
• Income Levy 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 it’s all about!)

• Health Levy and 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 Health Levy Refunds

Reviewing a Payslip (Putting it all together!)

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

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

Processing End of Month

• P30 Monthly Retune Form

Processing End of Year

• Review End of Year forms, P60’s, P35’s Income Levy Cert
• How to best to run the EOY process.
• What does week 53 mean and when does it apply, (53 Thursdays in 2009!)

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

• Know how to process the P45 for Starters (P45 Part3) and Leavers (P45 Part1)
• Income Levy Certificate of Cessation
• Know when to file a P46, and/or Form 12A.
• Understand the Income Levy Cessation Form, what is it used for and by who?

Please note the course content maybe subject to change, where possible advance notice shall be issued.