Payroll Course Summary Content
Level 1 – Practical Payroll
Understanding PAYE, PRSI and USC, covering the Payment of Wages and Deductions, processing the Month and Year End, and dealing with Starters and Leavers.
- Sourcing of Material (How to find answers!)
- Payroll Terminology (Speak English please!)
- Employer Payroll Requirements (What needs to be done!)
- Payments (When to charge Tax/PRSI and/or USC?)
- Deductions Gross & Net (Deducted before or after Tax/PRSI and/or USC?))
- USC – Universal Social Charge (What you need to know!)
- PAYE – Pay As You Earn (Tax Explained)
- PRSI – Pay Related Social Insurance (What it’s all about!)
- Reviewing a Payslip (Putting it all together!)
- Revenue Returns (Dotting the i’s and crossing the t’s)
- Starters & Leavers (Where it all starts and ends!)
Level 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 Local Property Tax (LPT).
- Maternity Benefits – (Who, what and how to process; Taxable Income?)
- Illness Benefits – (Taxable, what to do!)
- Statutory Redundancy Payments (How to pay, and what paper work is needed!)
- Termination Payments (Taxable or Non-taxable)
- Annual Leave (Full or Part Time Employees)
- Public Holidays (What are employees entitled to?)
- Expenses (What can be paid? How to record them!)
- Local Property Tax / LPT (Requirements for Employee / Employers)
- CSO Surveys EHECS & NES (What are they? How to complete them?)
Level 3 – Benefit In Kind
Application and Taxation of Benefit In Kind – BIK (Company Cars/Vans, Medical Insurance, Accommodation, Loans, etc)
- Introduction to Benefit In Kind
- BIK Terminology (Speak plain English please!)
- Exceptions to the Rule (What items have no Tax Liability?)
- Application of PAYE/PRSI/USC (How it all works?)
- General Valuations (What to do with miscellaneous items?)
- Company Cars (What to do and how much to charge?)
- Company Vans (What to do and how much to charge?)
- Loans (What interest rates to charge? Advances?)
- Employer Provided Accommodation (Who pays the rent?)
- Share Based Remuneration (Share Schemes / Options)
- Specific Items and Rules (Medical Insurance, entertainment, phones, etc)