Let the Experts Keep your Payroll Up to Date

It is hard for employers to keep up to date with budget changes. By outsourcing your payroll to Tailored Payroll you don’t have to worry about how to implement or explain changes in Tax to your employees. Here at Tailored Payroll we ensure your payroll is processed accurately and on-time while ensuring compliance with Revenue, Department of Social Protection and NEARA.

One of the main changes for 2015 is the change in USC rates and thresholds on PAYE Income.

2015 Rates:

On the first €12,012    1.50%
On the next €5,564     3.50%
On the next €52,468     7%
On the balance    8%

Any individual who believes their income for USC purposes will not exceed €12,012 in 2015 can apply to Revenue for a USC exemption before the new tax year begins.

Contact Tailored Payroll today for a competitive price. Our flexible service includes:
•    PAYE,PRSI and USC Calculations
•    Registration of Employer with Revenue
•    All employer  Revenue submissions to include: P30’s,P45’s, P35, P60’s and registration of
new employees
•    We provide email Payslips and  P60s to employees
•    Creation of Bank file for payment to employees
•    No hidden costs

For more information about this business visit their website or email to payroll@tailoredpayroll.ie. Tailored Payroll is part of Use SBC as a channel initiative. If you want your business to be featured, click here.

The post Let the Experts Keep your Payroll Up to Date appeared first on Small Business Can.

Let the Experts Keep your Payroll Up to Date

It is hard for employers to keep up to date with budget changes. By outsourcing your payroll to Tailored Payroll you don’t have to worry about how to implement or explain changes in Tax to your employees. Here at Tailored Payroll we ensure your payroll is processed accurately and on-time while ensuring compliance with Revenue, Department of Social Protection and NEARA.

One of the main changes for 2015 is the change in USC rates and thresholds on PAYE Income.

2015 Rates:

On the first €12,012    1.50%
On the next €5,564     3.50%
On the next €52,468     7%
On the balance    8%

Any individual who believes their income for USC purposes will not exceed €12,012 in 2015 can apply to Revenue for a USC exemption before the new tax year begins.

Contact Tailored Payroll today for a competitive price. Our flexible service includes:
•    PAYE,PRSI and USC Calculations
•    Registration of Employer with Revenue
•    All employer  Revenue submissions to include: P30’s,P45’s, P35, P60’s and registration of
new employees
•    We provide email Payslips and  P60s to employees
•    Creation of Bank file for payment to employees
•    No hidden costs

For more information about this business visit their website or email to payroll@tailoredpayroll.ie. Tailored Payroll is part of Use SBC as a channel initiative. If you want your business to be featured, click here.

The post Let the Experts Keep your Payroll Up to Date appeared first on Small Business Can.

Tailored Payroll: Reward Your Staff Tax Free

This year you may consider rewarding your employees for their work. As an employer you can provide an employee with a small benefit with a value not exceeding €250 Tax Free. PAYE, PRSI and USC need not be applied to that benefit. This can only be given to an employee once in the income tax year. Where a benefit exceeds €250 in value, the full value of the benefit is liable to PAYE, PRSI and USC.

Monetary benefits e.g. cash, cheques, credit transfer etc.; do not qualify under the small benefit exemption. However, you can give a voucher up to the value of €250 which does qualify under the scheme. The small benefit exemption does not apply to the numerous values of benefits. It applies to a single benefit only.

As a Tailored Payroll client we keep you up to date on how you can save Tax in your payroll. Contact us today for a competitive price and you can continue to make savings on your payroll while remaining compliant. Our flexible service includes:

  • PAYE,PRSI and USC Calculations
  • Registration of Employer with Revenue
  • All employer Revenue submissions to include: P30’s,P45’s, P35, P60’s and registration of new employees
  • We provide email Payslips and P60s to employees
  • Creation of Bank file for payment to employees
  • No hidden costs

For more information about this business visit their website or email to payroll@tailoredpayroll.ie. Tailored Payroll is part of Use SBC as a channel initiative. If you want your business to be featured, click here.

 

 

 

The post Tailored Payroll: Reward Your Staff Tax Free appeared first on Small Business Can.

Are you Prepared for a Revenue Audit?

A Revenue audit covers income tax, corporation tax, and returns submitted in respect of PAYE/PRSI, VAT or Relevant Contracts Tax. Every employer needs to keep a full and accurate record of business transactions for a period of 6 years. As a customer of Tailored Payroll we will guide you through a PAYE Revenue audit should you be selected. We ensure your payroll is processed in compliance with Revenue requirements in line with the latest legislation changes.

There are three methods of selection for audits which include:

  • Screening Tax Returns –Revenue examine the returns and review tax compliance history.
  • Projects on different business sectors – Projects are conducted to examine tax compliance levels.
  • Random selection – means that all tax payers have a possibility of being audited.

Once you have been selected for an audit:

  • The auditor will explain the purpose of the audit and give an indication of the length of time it will take to complete
  • You will be given the opportunity to disclose any inaccuracies in your tax return
  • An inspection of your records will be undertaken to confirm if figures have been correctly filed and the tax declarations are exact
  • If it is found that the majority of returns are correct you will be notified
  • If adjustments are required, this will be discussed verbally with you and you will be notified in writing.
  • The auditor will ask for your agreement to the total settlement figure before finalizing the audit.
  • Once agreed, the full amount should be paid to the auditor and you will be issued with a receipt

Contact Tailored Payroll today for a competitive price. Our flexible service includes:

  • PAYE,PRSI and USC Calculations
  • Registration of Employer with Revenue
  • All employer Revenue submissions to include: P30’s,P45’s, P35, P60’s and registration of new employees
  • We provide email Payslips and P60s to employees
  • Creation of Bank file for payment to employees
  • No hidden costs

For more information about this business visit their website or email to payroll@tailoredpayroll.ie. Tailored Payroll is part of Use SBC as a channel initiative. If you want your business to be featured, click here.

 

The post Are you Prepared for a Revenue Audit? appeared first on Small Business Can.

Handling your Payroll – Save Time and Money

As payroll Taxes account for more Revenue to the Exchequer than VAT and Corporation Tax combined we understand why an accurate P35 submission is imperative. Fear not Tailored Payroll can help you simplify the year end process. As well as processing payroll for numerous companies we also offer a one to one consultation service, where we will go onsite and guide you through 2014 Year End. Even if Tailored Payroll did not process your payroll all year this service is still available to you.

Our team is IPASS qualified to Diploma level. We pride ourselves on our good relationship with our clients, our attention to detail and great teamwork. Tailored Payroll are big enough to guarantee you peace of mind but we are small enough to care, giving you that personal touch service and support from the whole team that our clients really appreciate and rely on. We pride ourselves on delivering a quality product and service, on time and at a complete price.

Tailored payroll service

We offer a tailored payroll service for our clients to meet their specific needs while ensuring compliance with Revenue, Department Of Social Protection and NERA.

As your payroll bureau we become an integral part of your business by molding your payroll to suit you and dedicating our efforts on your payroll so you can dedicate your time to your core business.

Our flexible service includes:

  • PAYE, PRSI and USC Calculations
  • Registration of Employer with Revenue
  • All employer Revenue submissions to include: P30’s, P45’s, P35, P60’s and registration of new employees
  • We provide email Payslips and P60s to employees
  • Creation of Bank file for payment to employees
  • No hidden costs

For more information about this business visit their website or email to payroll@tailoredpayroll.ie. Tailored Payroll is part of Use SBC as a channel initiative. If you want your business to be featured, click here.

The post Handling your Payroll – Save Time and Money appeared first on Small Business Can.