Payroll

The Pay As You Earn (PAYE) system is a method of tax deduction under which an employer calculates and deducts any income tax due each time a payment of wages, salary etc. is made to an employee. In addition, employers are obliged to calculate and deduct any liability to Pay Related Social Insurance (PRSI) and Universal Social Charge (USC). A company must register as an employer and operate PAYE/PRSI on the pay of directors even if there are no other employees.

DFX Accounting Services offers a comprehensive payroll service for clients. We remove the burden associated with in-house costs and provide reassurance with a consistent, reliable and accurate payroll function.

We offer the following payroll services for SMEs:
•      Weekly, fortnightly, monthly payroll
•      Payslips
•      Management reports
•      Monthly P30 forms
•      Year-end P60 and P35/P35L forms
•      P45s for staff leavers
•      Submission of returns via ROS

The most common employer returns are as follows:

Form P30 shows the total PAYE/PRSI/USC deducted from the pay of all employees. It is filed monthly. Payment should be remitted to the Collector General within 14 days from the end of the income tax month during which the deductions were made. For employers who file their returns and associated tax payments via ROS the existing time limits have been extended to the 23rd of the month immediately following the income tax month during which the deductions were made. Employers whose total PAYE and PRSI payments for the year are €28,800 or less may return their P30 on a quarterly, rather than on a monthly basis.

Form P35 is the employer's annual declaration and certificate for tax and PRSI purposes.

Form P35L is the list on which the employer makes the return of PAYE and PRSI particulars in respect of each employee. One entry only should be made for each employee on form P35L. Both P35 and P35L must be filed by 15 February following the year end.

Form P60 is issued at the end of each tax year. The employer must give each employee a P60 which is a statement of gross pay and of the PAYE, USC and PRSI deducted during the year.

Form P45 is used when an employee leaves the employment, is granted a career break or dies while in the employment.