Reduced frequency of tax returns and payments
Reductions in the frequency of PAYE/PRSI and VAT tax returns and payments for smaller businesses will again be extended to eligible businesses from 1 January 2011. Similar arrangements in respect of RCT will also become available from that date.
Businesses making total annual VAT payments of less than €3,000 are eligible to file VAT returns and make their payments on a 6 monthly basis;
Businesses making total annual VAT payments of between €3,000 and €14,400 are eligible to file VAT returns and make their payments on a 4 monthly basis;
Businesses making total annual PAYE/PRSI payments of up to […]
PayDay – Did you know about pop-up calculator
In PayDay if you right mouse click in a numeric field in any window then a calculator will pop-up, you can then use it and return the result into the numeric field on screen.
Irish bank modulus checker available for software developers
Modulus Checker is software developed by Ardbrook Limited, that enables the user to validate the accuracy of any sort code / bank account number combination, for the clearing banks within the Republic of Ireland and Northern Ireland; and sort code only for the non-clearing banks.
This is achieved by running in reverse the internal algorithms of each of the clearing banks on the sort code / bank account numbered entered. Modulus Checker contains a complete user-maintainable database of all bank branches within the Republic of Ireland and Northern Ireland.
There are two DLL versions available, .NET or Active […]
Ireland asks for EU/IMF bailout
Taoiseach Brian Cowen has announced that the EU has agreed to a joint EU/IMF bailout details of which will be negotiated in the coming weeks. The package will be over three years and is linked to restructuring of the Irish banking sector and a deficit reduction plan. Brian Cowen also stated that income tax levels will be returned to 2006 levels.
EuroPayX – Did you know that photos can be linked to an employee
In EuroPayX a photograph can be linked to an employee’s master file record. To do this simply click on the HR tab and then using the browse button against the image file entry, locate and select the required image. The image selected will appear when viewing the employee master record.
Government may accept EU funding
Today Minister for Finance Brian Lenihan said the Government may accept EU funding for the banks after talks in Dublin with the European Union and International Monetary Fund.
The Government however is also expected to battle to prevent any increase in the €6 billion adjustment proposed for the 2011 budget and the €15 billion target in the four-year plan.
What Everybody Ought to Know about P30/P35 Differences
As we approach the end of the tax year our minds turn to P30/P35 differences, or maybe not! If, on period update (or manually selecting the P30/P35 comparison option) you find that you have a difference between your P30 (Company) and P35 (Employee) totals either in the tax, PRSI or both then it may be due to one of the following reasons
A new employee was setup with PRSI figures from another employment.
A new employee was setup with P45 pay and tax entered as this employment.
An employee’s PRSI class was changed without retaining existing data.
A manual adjustment was made to an […]
Dataset Archiving in PayDay
DataSet Archiving in PayDay is the automatic storing of Datasets during each period update, but before clearing down all this period values. Archived Datasets can then be accessed at any stage, allowing reports to be run, etc. To access Archived Datasets (ensure there is no currently open Dataset) select ‘File’, and then ‘Archived Datasets’ from the main menu.
Archive SelectionPayDay by default displays all Archives, to reduce the number down use theArchive Selections options.
Company Name -Limits the list of archives to the selected company.
All Archives – List both Period Update and Year End Archives
Period Update Archives – […]
Four-year budget plan to be announced next week
Minister for Justice Dermot Ahern said yesterday that the government would publish it’s four-year budget plan early next week. This plan will contain the outline of the proposed budget cuts totalling €15bn over the next four years, budget 2011 will contain the largest single adjustment of €6bn.
Parking Levy Awaiting Implementation
Recently I have been queried a number of times regarding when the parking levy will start. The current situation is that the minister has signed the parking levy into force so it can go live at any time, but it is still awaiting implementation because there are issues in defining the designated areas. Watch this space ….