Feb 2018
22
Getting Ready for PAYE Modernisation
January 2019 will see the introduction of PAYE Modernisation - the most significant reform of the Irish PAYE system since its introduction in 1960. This new system will mean that employees’ pay and deductions will need to be reported to Revenue in real time.
PAYE Modernisation will be operational for all employee payments being made from 1st January 2019 and will make it easier for Revenue, employers and employees to ensure that the right tax is deducted and paid at the right time.
As a result, employers and payroll bureaus will need to review their current business processes and practices in order for the new requirements to be met.
Free PAYE Modernisation Webinars
To help with the rollout of PAYE Modernisation, BrightPay by Thesaurus Software have teamed up with Revenue to bring you free online training webinars. These webinars are designed for employers and payroll bureaus to discuss what PAYE Modernisation will mean for your business and to help you prepare for the transition to the new system.
Our next PAYE Modernisation webinars take place in March and are free to attend. Guest speakers include Sinead Sweeney (Revenue) and Sandra Clarke (Irish Tax Institute).
- 27th March @ 11.00 am
Employer Webinar: Are you ready for PAYE Modernisation?
Find out more | Register here - 28th March @ 11.00 am
Payroll Bureaus: Getting ready for PAYE Modernisation (CPD Accredited)
Find out more | Register here
If you are unable to attend the webinar at the specified time, simply register and we will send you the recording afterwards.
Sign up to BrightPay’s newsletter
GDPR is changing how we communicate with you. After May 2018, we will not be able to email you about webinar events, special offers, legislation changes, other group products and payroll related news without you subscribing to our newsletter. You will be able to unsubscribe at anytime. Don’t miss out - sign up to our newsletter today!
Feb 2018
13
Free Webinar: Irish Employment Law Overview
As busy employers it can be difficult to keep up-to-date with the constant changes in employment law.
Bright Contracts by Thesaurus Software is hosting a free employment law webinar on Thursday 22nd February. Our employment law experts will discuss what is new in employment law, recent Workplace Relations Commission cases and have a look at the most frequently asked questions that come through our support line.
Agenda:
- Employment Law - What’s new?
- Recent WRC cases
- FAQs from our support line
- Bright Contracts: A simple solution
Places are limited - book your place now!!
If you are unable to attend the webinar at the specified time, simply register and we will send you the recording afterwards.
Newsletter - Are you missing out?
GDPR is changing how we communicate with you. After May 2018, we will not be able to email you about webinar events, special offers or other news without you subscribing to our newsletter. Don’t miss out - sign up to our newsletter today!
Feb 2018
5
PAYE Modernisation - Why it’s the SMART choice.
The current PAYE system is changing. The new system will be known as ‘PAYE Modernisation’. This change will be the biggest to hit PAYE since it was introduced almost 60 years ago. PAYE Modernisation will affect every business across the country. Instead of submitting an annual P35, employers will now have to calculate and report their employee’s pay and deductions as they are being paid.
PAYE Modernisation will no doubt be a huge change for employers but ultimately, employers will see a benefit from the change. Here are some of the key benefits employers can expect to see from PAYE Modernisation -
- Seamless integration into payroll.
- Minimize employer cost to comply.
- Abolition of P30s, P45s, P60s and end of year returns.
- Right tax paid on current due dates.
- Time savings.
We already have the relevant experience to ensure that PAYE Modernisation will be a seamless process for employers. In our BrightPay UK payroll software, we implemented what’s called RTI or Real Time Information which is a similar concept to PAYE Modernisation. Book a demo today to see what PAYE Modernisation will look like on your payroll software.
Related articles:
PAYE Modernisation - Are you ready?
Revenue moves to PAYE Modernisation/ Real Time Reporting
New Automatic Enrolment pension system to be in place by 2021
The objective of PAYE Modernisation
Thesaurus Payroll Software | BrightPay Payroll Software
Feb 2018
5
Thesaurus Customer Update - February 2018
PAYE Modernisation is coming…. Are you ready?
The Irish PAYE system is currently undergoing a massive overhaul, with new changes being implemented from 1st January 2019. This is called PAYE Modernisation. The existing system was introduced nearly 60 years ago and so this update is long overdue. What do you need to do to prepare for this new system?
Employer Webinar (27th March) | Bureau Webinar (28th March)
Increase to Minimum Wage from January 2018
The National Minimum Wage for an experienced adult worker has now increased to €9.55 per hour from January 1st 2018. This is the third year in a row that the National Minimum Wage has been increased but this is by far the largest with an increase of 30c.
Is it discrimination to top up Maternity Benefit but not Paternity Benefit?
September 2016 saw the introduction of Paternity Leave, that for the first time ever allowed fathers/partners to take two weeks paid leave on the birth of a child/placement of a child for adoption. The question then arose that if by topping up Maternity Benefit, would an employer by default have to top up Paternity Benefit?
Read full article | What is Bright Contracts?
Keep your payroll data secure with Thesaurus Connect
With Thesaurus Connect, you can safely and securely backup your payroll data to the cloud. The add-on will keep a chronological history of your backups, which can be restored to your PC at any time. Never lose your payroll data again by storing this information online, while protecting against ransomware and similar threats.
Automatic Enrolment - Mandatory Pension Reform for Ireland
The Irish Government aims to bring in an automatic enrolment system where all employers would enrol their employees into a workplace pension scheme. All employers are likely to have certain mandatory duties to complete, including choosing a suitable pension scheme, informing employees about their rights and making an employer contribution to each employee’s pension pot.
Free Webinar: GDPR for Payroll Bureaus
The countdown is on!! The General Data Protection Regulation (GDPR) comes into effect on 25th May 2018, however this date is a deadline as opposed to a starting point. With hefty non-compliance fines, it is important to make sure you are prepared. Register now for our free, CPD accredited webinar which takes place on 8th March.
Thesaurus Newsletter - Are you missing out?
GDPR is changing how we communicate with you. After May 2018, we will not be able to email you about webinar events, special offers or other news without you subscribing to our newsletter. Don’t miss out - sign up to the Thesaurus newsletter today!
