Bank Modulus Check Updates as over 130 Bank Branches Close
With the proposed closing of over 130 bank branches, updates to the Ardbrooks Bank Modulus Checker routine ( validates bank account numbers ) will be fairly frequent over the next 12 months as bank accounts are moved from one branch to another. This is especially true in the case of AIB bank accounts as their validation links the bank account number to the sort code which will change as branches close.Our Bank Modulus Checker is incorporated into our payroll software products PayDay and EuroPayX, our Electronic payments software products PayCE and PayCEX and also available as a standalone module […]
New Format PPSNs
New format PPSNs will be issued for new applicants with effect from 1st January 2013. The format of these numbers will be 9 characters i.e. 7 numeric followed by 2 alpha characters with the second alpha character being A e.g. 1234567SA.
Where employees have more than one employment with the same employer, Revenue use X and T in the ninth character space to identify the second employment. This will continue for current PPSNs with 8 characters. For new format numbers, second employments with the same employer will be identified by using […]
Limit the chances of payroll fraud
Payroll fraud can be devastating for companies and individuals alike. Whether it’s one large, or numerous smaller incidents, the detrimental effect it can have on an organisation’s reputation and/or employee trust is significant. It is therefore crucial that the risk is managed by having an effective system in place to detect and prevent payroll fraud from taking place… here are Ardbrook’s top tips to help avoid payroll fraud:
Spot Check: Ensure you are in a position to analyse your pay data and identify any irregular patterns or behaviour. Regular spot checks could highlight things like frequent changes of bank details, abnormal […]
Common Payroll Mistakes
Payroll is a complex process involving filing government-mandated forms, paying taxes and, most importantly, making sure your hard-working employees get their rightful wages. With so many details to consider, accuracy and attention to detail are essential to preventing mistakes and mishaps.
Below are just a few of the biggest payroll blunders your business should take pains to avoid:
1. Setting up and Maintaining Payroll Incorrectly: To avoid government penalties and fees, ensure that the setup of your payroll system is fully compliant with all requirements. In addition to double-checking all wage calculations, don’t forget to register your business with Revenue. […]
Revenue Reduces Administrative Burden on Business by 25%?
A report published by Revenue on the 18th July 2012 shows that Revenue has reduced the administrative burden on businesses by 25%, saving businesses over €85 million a year.
Having identified 62 of the most burdensome information obligations, interviews were held with 51 businesses and agents to establish the time and cost associated with these obligations. The measurement was carried out in accordance with the internationally accepted Standard Cost Model, and was overseen and validated by external consultants in the context of the commitment made by Government in March 2008.
The main initiatives which led to the 25% burden reduction:
Reduced […]
Revenue Email Scam
The Revenue Commissioners have become aware of further fraudulent emails purporting to come from Revenue seeking personal information from taxpayers in connection with a tax refund. These phishing emails are headed ‘Irish Tax and Customs Online Confirmation’ and ‘Irish Tax and Customs Notification’. A link opens up a form seeking personal information.
These emails did not issue from Revenue.
The Revenue Commissioners never send emails requiring customers to send personal information via email or pop-up windows.
Make Tax Payments By Credit Card on ROS
A facility to pay tax by credfit card (limited to VISA and MasterCard) to Revenue using the Revenue On-Line Service (ROS) is now available. A person wishing to pay by credit card via ROS must pay a transaction charge, of 1.49% of the value of the payment. This charge is purely related to third party fees incurred by Revenue, in the provision of this service.
Debit, Laser and Credit card details are now validated on ROS in real time. Revenue has engaged the services of a Payments Gateway, to provide for the real time authorisation of such card details […]
SEPA electronic payments software
Ardbrook now has a version of our PayCE (Direct Debit, Direct Credit) software available which can create SEPA ( Single European Payment Area ) Credit transfers (SCT). SEPA will enable customers to make cashless euro payments to anyone located anywhere in the area using only a single bank account and a single set of payment instruments, this means that for example payments can be made from using an irish bank account to any bank account in counties covered by SEPA.
SEPA consists of 33 countries:
the 17 members of European Economic Area (EEA) and EU that are in the […]
ROS & Revenue.ie website Availabilty
It has been announced that to allow for an essential upgrade on Monday 30th July 2012, the following online Revenue services will be unavailable at the date and times listed.
On Monday 30th July 2012:
www.revenue.ie from 18:00 to 18:30
All ROS Business transactions (through revenue.ie) from 18:00 to 20:30
All PAYE Anytime transactions (through revenue.ie) from 18:00 to 20:30
All VRT/Transit transactions (through revenue.ie) from 18:00 to 20:30
All AEP customs transactions (through revenue.ie) from 18:00 to 20:30