What the Auto Enrolment Pension scheme means for employers. The auto pension enrolment scheme has been introduced by the Irish Government to counteract the fact that 40% of  Irish People are not saving enough for their pension and intend relying solely on their state pension in retirement. The auto enrolment scheme aims to bring in a system […]

OPTiM Payroll are excited to announce that an agreement has been signed to form a collaboration with Reading, UK based business Engeneum. We look forward to working with the Engeneum team to enhance our Payroll service with the introduction of Engeneum’s Online Payslips solution; providing improved security for delivery, end-to-end traceability and 7 years retention. OFS Support […]

On May 30th 2018, the Revenue Commissioners published updated regulations with regard to Employers’ PAYE Compliance. This covered such areas as maintaining a register of employees and employers’ obligation to register new employees with Revenue where no P45 from previous employment or tax credit certificate has been received. For full details please visit https://www.revenue.ie/en/tax-professionals/tdm/compliance/audit-and-other-compliance-interventions/code-of-practice/paye-employers-compliance.pdf Please contact […]

Is your company ready for PAYE Modernisation and Real Time Reporting? The biggest change in payroll processing for over 50 years will commence on January 1st 2019. Every new employee will need to be registered with Revenue before their first pay day. Returns will have to be made to Revenue after each pay run instead […]

In the recent 2016 Budget, Minister Michael Noonan announced significant changes in the calculation of Class A PRSI which take effect from January 1st 2016. Class A is the most common PRSI class for employees in the private sector aged over 16 and under 66 years of age. The main changes in Class A are […]

Section 86(1) of the Workplace Relations Act 2015 came into effect on August 1st 2015. This section makes amendments to the Organisation of Working Time Act 1997 and results in the following changes: Statutory annual leave entitlement accrues during a period of certified sick leave. An annual leave carryover period of 15 months after a […]

Have a look at our latest video on the benefits to businesses of outsourcing their payroll processing OPTiM Outsourced Payroll Video

Tax relief at the standard rate of income tax (20%) is available for third level education tuition fees which includes the Student Contribution but does not include examination fees, registration fees and administration fees.

SURE (Startup Refunds for Entrepreneurs) is a joint initiative of the Revenue Commissioners and the Department of Jobs, Enterprise & Innovation. If you are interested in starting your own company, you may be entitled to an income tax refund of up to 41% of the capital funding that you invest in the company under SURE. […]

Employers should note that the Revenue Commissioners have issued new tax credit certificates in recent weeks for certain employees.