Sep 2017
5
With PAYE Modernisation / Real Time Reporting (RTR) arriving sooner than you think, if you process your payroll manually or if you are unhappy with your current system, there is no time like the present to change.
From January 2019, the option to provide annual reports to Revenue will no longer be available to employers. Instead, employers will be required to submit their payroll data on a “pay period” basis throughout the payroll year. This is known as PAYE modernisation. Employers will need to have certain facilities in place to process PAYE modernisation.
BrightPay is working closely with Revenue to ensure we have the functionality required to keep customers up-to-date with all the PAYE Modernisation legislative changes. With our UK version of BrightPay, we have acquired the knowledge and experience needed for a smooth transition in January 2019.
PAYE Modernisation is probably the biggest overhaul of the PAYE system since PAYE itself was introduced back in 1960. It will have wide ranging effects on all employers and on all bureau payroll providers. Join BrightPay plus guest speaker, Sinead Sweeney from Revenue for a free webinar to learn how PAYE Modernisation will affect your business.
Another legislative change arriving in less than a year is the General Data Protection Regulation (GDPR). This change is in relation to data protection, and it will substantially change how companies manage their data. In relation to payroll, this legislative change will mean all employers must ensure that their payroll information is securely stored within their payroll software. Unfortunately for many employers, using an Excel spreadsheet or another alternative manual method to store payroll information will no longer be compliant with GDPR regulations.
Our new add-on, BrightPay Connect provides an automated, secure and user-friendly way to save and restore payroll data to and from the cloud. This will enable employers to securely store their payroll information in the cloud, and as a result comply with their new data protection duties. BrightPay Connect also provides a web/mobile based self-service portal for both employers and their employees. Employees can access their private payroll data at any time in order to view payslips, request annual leave and update their personal details. Once leave is approved by the employer, it will then synchronise back into BrightPay payroll on the employer’s PC. This will keep your payroll data safe and streamline your payroll communications.
Payroll bureaus process large amounts of personal data, not least in relation to their customers, their customers’ employees, and their own employees. Consequently, the GDPR will impact most if not all areas of the business and the impact it will have cannot be overstated.
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Aug 2017
30
In October 2016, the Minister for Finance announced that the current Pay As You Earn (PAYE) system would be revamped and modernised. This new system is known as PAYE Modernisation, which allows for PAYE reporting to be submitted to Revenue in real time.
PAYE Modernisation or real time reporting (RTR) will enable Revenue to ensure that employees are receiving their correct tax credits and cut-off points throughout the year in real time. This compares with the current PAYE reporting which is done through P35s on a yearly basis.
80% of unfair dismissal cases are won by the employee, not because the reason for dismissal was unfair but because the employer did not follow fair procedures. In this webinar we discuss the dangers of dismissing an employee, what rights you have as an employer and outline the relevant steps you need to take to protect your business against an unfair dismissal claim.
The reference check stage of the recruitment process is a crucial stage for an employer to obtain vital information about a candidate and corroborating that what they have said on their CV and in their interview is factual and true. By speaking to references, you can gather more information about the candidate’s work ethics and personality traits that might not be apparent during the interview.
BrightPay Connect our latest cloud add-on works alongside BrightPay Payroll. Payroll information is stored in the cloud and can be accessed online by you and your clients anywhere. BrightPay Connect offers additional innovative payroll and HR features that will enhance client relationships and increase revenue for your bureau.
PAYE Modernisation (aka Real time reporting) is probably the biggest overhaul of the PAYE system since PAYE itself was introduced back in 1960. It will have wide ranging effects on all employers and on all bureau payroll providers. Main Speaker: Paul Byrne FCA, MD Thesaurus Software, Guest Speakers: Sandra Clarke, FCA, AITI, Partner BCC Accountants and council member of the Irish Tax Institute and Sinead Sweeney, PAYE Modernisation Change Manager, Revenue.
Register: 3rd Oct / Register: 4th Oct
Data protection and how personal data is managed is changing forever. On 25 May 2018 the new General Data Protection Regulation (GDPR) will come into force. The GDPR is a European privacy regulation replacing all existing data protection regulations.
Find out More / Register for CPD webinar
BrightPay Connect our latest cloud add-on works alongside BrightPay Payroll. Payroll information is stored in the cloud and can be accessed online by you and your employees. BrightPay Connect offers additional innovative payroll and HR features that streamline your annual leave management and payroll processing.
PAYE Modernisation (aka Real time reporting) is probably the biggest overhaul of the PAYE system since PAYE itself was introduced back in 1960. It will have wide ranging effects on all employers. Main Speaker: Paul Byrne FCA, MD Thesaurus Software, Guest Speaker: Sinead Sweeney, PAYE Modernisation Change Manager, Revenue.
Jul 2017
3
Following the announcement in last October’s Budget 2016, Revenue entered a consultation on the modernisation of the PAYE system.
Revenue’s proposal is that employers will report pay, tax and other deductions at the same time as they process and finalise their payroll. Similar to Real Time Information (RTI) in the UK, details of employees starting or leaving employment will be reported on the date of commencement/cessation and will eliminate the filing of P30, P35 and P45 forms.
Although, many businesses across Ireland have broadly welcomed the forthcoming introduction, some smaller businesses have expressed concern about the additional administrative burden due to poor internet access and the additional hours it may involve. Many businesses will be a risk as they have not invested in payroll software where they calculate their payroll manually.
Last April Revenue disclosed that it received 77 submissions to the consultation which represented a broad range of interests, both from large and small companies. For larger employers, the transition will be relatively straightforward, but Revenue is looking at alternatives to accommodate smaller employers, in particular, those who may still process their payroll manually.
IBEC state that while most of its members welcome the change, it is important that the system is flexible. A professional services group also warned that the work involved for employers to prepare for the implementation of PAYE modernisation / Real Time Reporting (RTR) should not be underestimated.
BrightPay already has the experience and expertise in developing the same real time features and functions for our UK customers. We are already collaborating with Revenue to ensure the transition for our customers to Real Time Reporting (RTR) / PAYE modernisation is smooth, user-friendly and ready for implementation in January 2019.
Interested in finding out more about PAYE Modernisation? Register now for our free PAYE Modernisation webinar. Click here to find out more.
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For further information, Revenue have provided the following link:
http://www.revenue.ie/en/corporate/consultations-and-submissions/paye-modernisation/index.aspx