Revenue release new App for Android and IOS

Revenue has released a new App and its called RevApp. The service is provided by Revenue to help you manage your tax affairs on the go. Best part is that its completely free!

It provides access to My account, ROS and more.

What’s really good about this app is that Self Employed/Employers can now download a mobile certificate using RevApp, allowing you access to ROS from your mobile device.

RevApp is available now to download free from the App Store and Google Play Store.

You will need internet access to use the app. Revenue advise that you connect to your wifi, particularly when uploading and downloading images of receipts

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

Advertisements

Department of Social Protection Christmas Bonus

As part of the budget 2017, it was confirmed that anyone getting monthly payments (welfare and pension recipients), will receive any bonus due in their December payment from the Department.

The Christmas bonus is 85% of your normal payment. This is a non-taxable payment.

Approximately 1.3 million people will benefit from the Christmas bonus in December 2016.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

Small Benefit for Christmas!

Reward your employees this Christmas. Employees can receive a Small Benefit Exemption to the value of €500.00. Not only will your employees be rewarded, Employers also save as they don’t pay any Employer PRSI on this benefit.

Under the Revenue Commissioners approved Small Benefit Exemption Scheme, employers can provide their employees with a small benefit which will not be subjected to PAYE, PRSI or USC. However there are some rules that come with this:

  • The benefit cannot be cash
  • An employee can only receive one such benefit in one tax year
  • The benefit cannot be part of a Salary Sacrifice scheme
  • Whereby the benefit exceeds the threshold, the full value of the benefit will be subject to PAYE, PRSI and USC

The Small Benefit for employees is usually given by the Employer in the form of a voucher, often at Christmas time.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

P45 Changes 2017

Revenue has announced that the ROS and paper version of the P45 has been revised for 2017. And it will include:

  • A PRSI Exemption Indicator for employees who are exempt from paying PRSI in Ireland
  • A USC Exemption Indicator for those employees who are exempt from USC
  • Increased options for pay frequency (0 = weekly, 1 = fortnightly, 2 = monthly, 3 = 4 weekly and 4 = other)

The ROS version of the P45 is available since 27th November 2016, and an updated paper copy (blue version) will be available in early December.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.