Webinar: Are you ready for PAYE Modernisation?

By Marc O'Dwyer - 28th Nov 2018

Find under: Advice

 

Did you know: 40% of firms are not prepared for the new PAYE Modernisation changes?

The new real time reporting regime will be operational for all employee payments being made from 1 January 2019. This new change will involve the most significant reform of the PAYE system since its introduction in 1960. Employers will need to calculate and report their employees’ pay and deductions as they are being paid. This will make it easier to deduct and pay at the right time the correct amounts of:

  • Income Tax
  • Pay Related Social Insurance
  • Universal Social Charge
  • Local Property Tax.

In short, PAYE modernisation will:

  • improve the streamlining of current business processes
  • reduce the administrative burden currently experienced by employers to meet their PAYE reporting obligations

Here at Big Red Cloud, we want to make sure our customers are informed and aware of anything that may affect their business. Having traveled around Ireland talking to business owners, we decided to create a webinar that breaks down these upcoming changes so that you are prepared come January 1st.

Watch below:

 

About the Author: Marc O'Dwyer

Marc is the CEO at Big Red Cloud, the easy to use online accounting software for micro, small and medium sized businesses. Having founded the company back in 2002 with the goal of helping companies to better manage their accounts, Marc also finds time to train and compete in Ironman and triathlon events in Ireland, the UK and across Europe.