Posts Tagged ‘Sage 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.

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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.

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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

 

 

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Sage Payroll Software - Budget 2009 Income Levy

Wednesday, February 4th, 2009

What is the Income Levy?

The Income Levy introduced in Budget 2009 applies a supplementary tax amount to your gross income. The Levy amount is calculated BEFORE any relief amounts for capital allowances, losses or pension contributions.

Below, some basic questions about the Income Levy are answered.

For comprehensive information, refer to this official Revenue Commissioners document:

Income Levy: Notes for Guidance and Implementation Arrangements for Employers

 

When does the Levy apply?

The Levy applies from January 1, 2009.

 

Who must pay the Levy?

If you are under 65, and your gross income exceeds €18,304 per annum, you must pay the Levy on the full amount of your gross income.

If you are over 65, and your gross income exceeds €20,000, you must pay the levy on the full amount of your gross income. Alternatively, if you are assessed as a married couple over 65, and your combined gross income exceeds €40,000, you must pay the Levy on the full amount of your gross income.

If your gross income is less than the above amounts, you are exempt from the Levy.

You are also exempt from the Levy if you hold a medical card.

 

Is any income exempt from the Levy?

Important examples of the types of income exempt from the Levy include the following:

·         If your annual gross income is less than €18,304, you don’t have to pay the Levy.

·         Social Welfare payments, including those received from abroad, are exempt.

·         Income in lieu of Social Welfare payments, such as Community Employment Scheme payments or the Back to Education Allowance, are exempt.

·         Income subject to Deposit Interest Retention Tax (DIRT) is exempt.

 

What are the Levy rates?

Income Thresholds

Income Levy Rate

Income up to, but not exceeding, €18,304 per annum

Exempt from the Income Levy.

Gross Income between €18,304 and €100,100 per annum

If your annual gross income exceeds €18,304, a rate of 1% is applied to the portion of your annual gross income up to €100,100, INCLUDING the first €18,304.

Gross Income between €100,101 and €250,120 per annum

If your annual gross income exceeds €100,000, a rate of 2% is applied to the portion between €100,101 and €250,120.

Gross Income exceeding €250,120

If your annual gross income exceeds €250,120, a rate of 3% is applied to the portion greater than €250,120.

 

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