Outsourced Managed Payroll Services
My experience with OPTiM has been first class. They are highly proactive and responsive to my needs. In my 30 years professional experience they are easily the best 3rd party payroll providers that I have dealt with – and I do not say that lightly.
In summary, I could not recommend Michael and his team highly enough.
John Keaveney
Chief Financial Officer
The team at OPTiM provide an excellent payroll service to Winters. Their knowledge & expertise in payroll is exceptional & the accommodating attitude of the team has lead to a business partner relationship. Their suggestions have lead to both time & cost savings for our company.
Georgina Browne
Financial Controller
We are using OPTiM to process our payroll and they are providing an excellent service. They respond immediately to any queries we have and provide expert knowledge. I’m happy to recommend them.
Tomás Flanagan
Chief Executive Officer
Working with Michael and his team is seamless, efficient, professional and saves our company time and money using their service. I would highly recommend them.
Philip Duignan
General Manager
OPTiM Payroll are an excellent payroll service provider displaying expertise and professionalism at the highest level
David Keating
Chief Financial Officer
I have been working with Michael and the Team at OPTiM Payroll, especially Paula, Rosemary and Pinky, for the past year or thereabouts in managing a business payroll of 15 staff, and it has been a real joy. The efficiency, kindness and professionalism of all involved is superb. I have no hesitation whatsoever in recommending this Team to manage any payroll service.
Dan Hurley
Manager
The team at OPTiM have been providing me with payroll services since I started my business. Always helpful and professional with top notch advice on any query that I have for them. I can’t recommend them highly enough for outsourced payroll services.
Paul Caskey
Managing Director
Bluebird Care Dublin South-West
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I have found OPTiM Payroll, Michael and the Team to be very efficient for us at Home Instead Senior Care Tipperary and our payroll is in very safe hands. Very quick to respond and supporting advice is beneficial. I would have no hesitation in a recommendation for them.
Dermot Carberry
General Manager
Home Instead Senior Care
Thurles
Co. Tipperary
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 as follows:
1) The weekly threshold above which the 10.75% high rate of Employer PRSI applies will increase from €356 to €376. This €20 increase in the threshold gives employers a saving of 2.25% on those earnings between €356.01 and €376.00 where total gross earnings do not exceed €376.00
2) A new tapered weekly PRSI credit will apply to employees earning between €352.01 and €424.00 per week.
Calculation of the Weekly PRSI Credit:
The maximum weekly PRSI Credit of €12.00 applies at gross weekly earnings of €352.01.
For earnings between €352.01 and €424.00, the PRSI credit is reduced by one-sixth of the excess of weekly earnings which are over €352.01.
e.g. if an employee earns €390 per week:
PRSI @ 4% = €15.60
Less Credit of €12.00 minus ((390.00-352.01) divided by 6) = €12.00 – (37.99/6) i.e. €12.00 – €6.33 = €5.67
Weekly Employee PRSI = €15.60 minus €5.67 Credit = €9.93.
This will have a significant positive impact on employees earning between €352.01 and €424.00 per week.
No credit applies once weekly earnings exceed €424 per week and the full Employee PRSI rate of 4% becomes payable.
What needs to be done?
Employers should review the impact of this change on their payroll cost, particularly those with large numbers of part-time employees who may be affected.
Further Information:
Further information is available on Department of Social Protection website or you can contact OPTiM Payroll
OPTiM Payroll
Unit 3, Liosban Business Park,
Tuam Road, Galway, Ireland
H91 H63P
Phone: +353 91 778911
Michael O’Hare:
+353 87 2318759
michael@optimfs.com
Rowena Parker:
+353 87 2857116
rowena@optimfs.com
OFS Support Services Limited
Trading as: OPTiM Payroll
Company Registration Number: 438135
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