Posts Tagged ‘Payroll’

Do you know Holiday Entitlements for you and your employees?

Tuesday, November 23rd, 2010

There are 9 public holidays in Ireland each year. Public holidays in Ireland (as in other countries) may commemorate a special day or other event, for example, St Patrick’s Day (17 March) or Christmas Day (25 December). On a public holiday, sometimes called a bank holiday, most businesses and schools close. Other services, for example, public transport still operate but often with restricted schedules. The list of public holidays in Ireland each year is as follows:

  • New Year’s Day (1 January)
  • St. Patrick’s Day (17 March)
  • Easter Monday
  • First Monday in May, June, August
  • Last Monday in October
  • Christmas Day (25 December)
  • St. Stephen’s Day (26 December)

Good Friday is not a public holiday. While some schools and businesses close on that day, you have no automatic entitlement to time off work on that day.

Rules

Your entitlement to public holidays is set out in the Organisation of Working Time Act 1997. Most employees are entitled to paid leave on public holidays. One exception is part-time employees who have not worked for their employer at least 40 hours in total in the 5 weeks before the public holiday.

Employees who qualify will be entitled to either the public holiday off as paid leave or one of the following alternatives:

  • A paid day off within a month of the public holiday
  • An additional day of annual leave
  • An additional day’s pay
  • The nearest church holiday to the public holiday as a paid day off

The Organisation of Working Time Act provides that you may ask your employer at least 21 days before a public holiday, which of the alternatives will apply. If your employer fails to respond at least 14 days before the public holiday, you are entitled to take the actual public holiday as a paid day off.

Part-time employees

If you have worked for your employer at least 40 hours in the 5 weeks before the public holiday and you are due to work on a public holiday you are entitled to that day off as paid leave or one of the alternatives as listed above. If you are not required to work on that particular day you should receive one-fifth of your weekly pay instead of the actual day’s leave. Even if you may never be rostered to work on a public holiday you are entitled to one-fifth of your weekly pay as compensation for the public holiday.

You can find out more about public holidays in this explanatory booklet on holidays and public holidays (pdf) or from the Information Services of the National Employment Rights Authority.

Most importantly everyone have a safe break over the holiday period.

Tags: , , ,
Posted in Business Training, Employment Law Training | No Comments »

Long dark evenings are returning…

Tuesday, August 31st, 2010

Summer holidays are almost over and the kids are getting ready to go back to school. It house will become a quite haven once again. Those first peaceful days are bliss, don’t you agree. But and there is always a but, the days are now really getting shorter and the long dark evenings start to creep in. The thoughts of being stuck indoors all winter just starts to dawn on us all. However there is a solution why not get out there and do one of our third level courses in the evenings. Not only will you will fill up those long dark evenings and but before you know it the winter is gone. As the course finishes just as the sun will be coming out again. It will be then a win win ,as you will have got a qualification and the winter will have come and gone all the quicker.

Check out our prospectus or come along to our Wexford Opening evening on September 1st from 4pm until 9pm , Kilkenny Sept 9th from 5pm to 9pm ,and I’m sure you will find the course for you that will see off those long dark winter nights.

 Go on, there is a world of knowledge out there waiting for you.

Tags: , , ,
Posted in Uncategorized | No Comments »

Income Levy Payroll Calculations

Friday, March 5th, 2010

As part of the payroll training courses that we offer, I am often asked for a quick summary  of what the income levy is all about so here goes!!. The information below refers to the 2010 payroll calculations. The training courses we offer in this area cover both manual and computerised (Sage Quickpay) skills.    

Income Levy Calculation

The levy is calculated based on the following bands of gross pay.

· Income up to €75,036 per annum - 2% levy

· Income between €75,037 and €174,980 per annum – 4% levy

· Income in excess of €174,980 per annum – 6% levy

 

Full medical card holders are exempt from the Income Levy as well as individuals aged 65 or over whose annual income does not exceed €20,000 per annum(p.a.).

 

Where the income exceeds the weekly minimum threshold of €289 the full income is subject to the income levy. Where the income levy has been applied for particular pay period(s) throughout the year but the minimum threshold of €15,028 p.a. has not been exceeded at week 52 then no liability to the income levy arises. In this situation and provided you were in continuous employment with an employer throughout the year in question (for the full 52 weeks) your employer should make an adjustment at week 52 and refund all income levy deducted. Where you have not been in continuous employment with an employer throughout the year in question Revenue, rather than the employer, will deal with any refund of income levy due.

 

The Income Levy is always calculated on a Week 1 / Month 1 Basis.

The income Levy is always calculated on Gross Pay. If you are paying pensions or A.V.C’s  which are tax allowable for the purposes of calculating income tax, the income levy is still calculated on the gross pay before any pension or A.V.C. deductions.    

Income Levy and Tax Return Forms

·         The income levy amount is included with the PAYE figure on the P30 return.

·         The income levy is also included with the PAYE figure on the P35 form.

·         At the end of the year, every employee still on the payroll requires both a P60 as well as end of year Income Levy Certificate. Employees who have left do NOT get either a P60 or an end of year Income Levy Certificate.

·         As employees leave, an Income levy cessation form as well as a P45 form is required to be completed by the employer. 

The breakdown of the income levy threshold figures are as follows:

 

Annual Threshold

Weekly

Fortnightly

Monthly

4-Weekly

Bi-monthly

Quarterly

15,028

289

578

1,253

1,156

627

3,757

75,036

1,443

2,886

6,253

5,772

3,127

18,759

174,980

3,365

6,730

14,582

13,460

7,291

43,745

Over 65’s

20,000

385

770

1,667

1,539

834

5,000

 

 

Tags: , , ,
Posted in Business Training, Pitman Training, Sage | No Comments »

April 2009 Budget Changes - Impact for Payroll Calculations - Sage Payroll

Friday, April 10th, 2009

Details of Income Levy, Health Levy & PRSI Changes in Supplementary Budget 2009

Tax Rate Changes
In the short term the income tax rates remain unchanged, the standard rate being 20% and the higher rate is 41%.

Income Levy Doubled
In the Budget last December the Minister announced a new income levy which has applied since 1 January. However, the rates at which the income levy will apply going forward have been doubled and the relevant thresholds have been reduced. The exemption threshold for the income levy has also been reduced from €18,304 to €15,028. The revised rates and associated thresholds are shown below and the new rates will apply from 1 May 2009. If you exceed the income levy entry threshold of €289 weekly, the levy is applied to all of your earnings not just the amount in excess of the entry threshold.

• Income up to €75,036 (previously €100,100) the levy applies at 2%, previously at 1%.
• Income over €75,036 and up to €174,980 the levy applies at 4%, previously at 2%.
• Income over €174,980 (previously €250,120) the levy applies at a rate of 6%, previously 3%.

Health Contribution Levy Doubled
The Health Contribution Levy has also been doubled and the new 4% rate will apply on income up to €75,036. The higher rate levy of 5% (previously 2.5%) will apply to income over €75,036. These changes also take effect from 1 May 2009.The health Levy is calculated as part of the PRSI deduction. The health levy entry threshold remains unchanged at €500 weekly and €26,000 annually. If you earn under theses amounts, you are not liable to pay this levy and unlike the income levy, the levy is only applied to amounts in excess of the entry threshold.

Pay Related Social Insurance (PRSI)
There had been speculation for some time that the employee ceiling for full rate PRSI payers would be abolished. However, the last Budget introduced an increase in the annual ceiling from €50,700 to €52,000, with the contribution rate unchanged at 4% for employees (excluding the levies) and 10.75% for employers. However, the
Minister now raises the employee PRSI ceiling up to €75,036. This increased PRSI cost for employees will take effect from 1 May 2009.

Implications for Sage Payoll Customers
Relax!. The required changes will be available as a download in plenty of time for the May payroll processing for both Sage Quickpay and Sage Micropay solutions. In the meantime, keep an eye on the www.genesisbusinesscollege.net/blog site for further updates. For details of how Sage Payroll solutions can help eliminate your payroll headaches, checkout www.genesisbusinesscollege.net. There is no time like the present!  

 

 

 

 DETAILS OF MAIN CHANGES

 

 

(Including Income Levy, Health levy & PRSI changes)

 

Existing (Yearly)

Proposed

(Yearly)

Existing Weekly

Proposed (Weekly)

Income Levy

€

€

 

€

Exemption Threshold (under 65)

€18,304

€15,028

€352

€289

Middle Rate Threshold

€100,100

€75,036

€1,925

€1,443

Higher Rate Threshold

€250,120

€174,980

€4,810

€3,365

Lower Rate

1%

2%

 

 

Middle Rate

2%

4%

 

 

Higher Rate

3%

6%

 

 

 

Existing

Proposed

 

 

Health levy

%

%

 

 

Lower Rate 

2.0%

4.0%

 

 

Higher Rate

2.5%

5.0%

 

 

Lower Rate Entry Threshold

€26,000

€26,000

€500

€500

Higher Rate Threshold

€100,100

€75,036

 

 

 

Existing

Proposed

 

 

PRSI

€

€

 

 

PRSI Ceiling

€52,000

€75,036

 

 

Tags: , , , , , , , ,
Posted in Sage | No Comments »