This week was both a sad and exciting week for everyone here at Bright as our current Chief Executive Officer, Paul Byrne has decided to step down as CEO and transition into a new role as Founder Board Director. It is hard to put into words how amazing a CEO Paul Byrne has been for the past 32 years. As the founding father of Thesaurus Software and Brightpay Paul built Thesaurus Software from a small family company to become Bright, a leading provider of accounting, payroll and HR solutions. With this amazing growth the small company family has grown to a family of over 200 employees who I think will all agree that the company wouldn’t be where it is today without Paul’s hard work and amazing leadership.
Although it is sad to have our amazing leader stepping down it allows Paul to get back to what he loves, his original product baby, Thesaurus Payroll Manager which he is excited to dedicate more of this time towards. So while Paul gets back to his coding roots we are both delighted and excited to announce that AccountancyManager’s Kevin McCallum will take the baton from Paul and will be Bright’s new CEO. ??
Kevin joined Bright as part of the AccountancyManager acquisition back in March 2022 and since then Kevin has shown great knowledge, energy, and experience. Since joining Bright, Kevin has been impressed with our shared vision and passion for the future of the accounting industry which is what will make for an exciting year ahead with Kevin at the helm.
To celebrate this new phase in Paul and Kevin’s lives we had a small celebration in our head office in Duleek where kind words were shared by our Chief Revenue Officer, Karen and Chief People Officer, Laura who presented Paul with a small gift to mark Paul’s impact on the business and to show our thanks for what he has done for the company and its employees to date. And for us to always remember our former CEO we have changed the name of his favourite room, the boardroom, to be 'The Paul Byrne Suite'.
Thank you again Paul for everything you have done for the staff over the past 32 years and congratulations to both Paul and Kevin on their new roles, the future is certainly Bright.
Today we treated our employees in our Duleek, Tallaght, Warwick, and India offices with a sweet treat.
Our employees were surprised with ice cream at lunchtime as a perfect mid-week rescue.
It certainly went down a treat!
Last week the AM team exhibited at Xerocon for the first time. Xerocon is described as the Glastonbury for accountants, and if you haven't been or seen the photos - it's a big deal. Unlike other conferences, accountants attend Xerocon for the talks (rather than to see the exhibitors) and comedian Sue Perkins opened the show at 9am. Sue (best known for the Great British Bake Off) was brilliant throughout the event.
AM had great conversations with attendees and were consistently surprised at the size of the firms they talked to. Typically, when attending events like AccountEx, AM would talk to smaller firms (sole practitioners, 2 or 3 employees), but on average, everyone had around 30 employees.
AM ended the event with 115 scanned badges, all of which have been passed over to the Teleprospecting team. It was a tremendous amount, and we and AM were delighted they got the opportunity to have gotten the opportunity to speak with so many firms that were interested in the product. They also got the chance to meet many existing users and got to know them a bit more on a personal level.
• Most likely because attendees have to pay, only the larger firms attend the event.
• Many disgruntled Senta users' concerns regarding the Iris acquisition are now becoming a reality.
• People liked the idea of AM joining Bright - BrightPay and AM both have a great reputation and users are excited to see what we can achieve together.
On 20th July, the Sick Leave Bill 2022 became law. Once the law is commenced, which is expected to happen shortly, employees will be entitled to three statutory sick days. This will rise to five days in 2024, seven days in 2025 and to ten days in 2026.
Backing up payroll data, sharing payroll reports with clients and sending clients’ employees their payslips each pay period can be costly and time consuming. With cloud-extension Thesaurus Connect, you can transform your practice by taking care of these tasks within a few clicks.
Do you have an automated system in place that can help manage your employees’ annual leave? If not, this can be a monotonous task for employers. Read our latest blog and explore how an online company calendar can revolutionise your business.
How can you ensure all financial statements are automatically in line with the latest tax and legislative requirements? Surf Accounts Production has a dedicated compliance team in place to manage the complexity of compliance obligations.
Sharpen up your billing process by using customisable templates, setting up recurring invoices, and by quickly converting quotes and orders to invoices. Save even more time by using the Surf Accounts app, and work from anywhere.
The relationship between the client and the professional is no longer one-directional. What software has created is a new collaborative framework in which the payroll professional can thrive.
Improve employee satisfaction and make your life easier by introducing an employee app with powerful features. Employees can access the app securely, using their smartphone or tablet, from anywhere with an internet connection.
Details regarding Auto Enrolment in Ireland were announced this year. The system is to be set up in 2023, with employee enrolments to begin in 2024. Learn how you can start preparing your business for auto enrolment now, to get ahead of the curve.
The Irish government announced that the current minimum wage will be replaced by a new living wage by 2026. This new living wage is to be set at 60% of the median wage in a given year. Read more in our recent blog post.
This week, on 20th July, the Sick Leave Bill 2022 became law. Once the law is commenced, employees in Ireland will be entitled to sick pay. The Irish Government first produced a draft to introduce a new Sick Leave Bill back in November last year. An Tánaiste, Leo Varadkar, announced in March 2022, that the Sick Leave Bill was approved by cabinet and will legislate for a statutory sick pay scheme for all employees, which will be phased in over a four-year period. Before the law was passed, Ireland was one of the few countries in Europe who were without mandatory sick leave entitlement. Before the Sick Leave Act, only about half of all employers had their own sick pay scheme. The Covid-19 pandemic helped to highlight the need for such a scheme to be introduced into Ireland.
When the law is commenced, which is expected to happen shortly, employees will be entitled to three statutory sick days. This will rise to five days in 2024, seven days in 2025 and to ten days in 2026. Employers will pay employees at a rate of 70% of an employees’ wage, subject to a daily maximum threshold of €110. These earnings are based on 2019 mean weekly earnings of €786.33 and an annual salary of €40,889.16.
The rate of 70% and the daily cap are there to ensure excessive costs are not placed solely on the employer. The introduction of the new Sick Leave Bill is to provide a minimum level of protection to low paid employees, who may not be entitled to a company sick pay scheme.
If your business does not have a sick leave scheme set in place already, the new legislation being introduced will act as your sick pay scheme. Employers must keep a record of all employees who have availed of the scheme for up to four years, those who fail to keep a record may be fined up to €2,500.
To ensure that your employees are entitled to receive sick leave pay under the scheme, they must obtain a medical certificate as proof, and must have worked for their employer for a minimum of 13 weeks. If your employees’ sick pay entitlement is finished, and they need extra time off, they may be able to qualify for illness benefit from the Department of Social Protection, depending on their PRSI contribution.
The new Sick Leave Bill will help ensure employees are not penalised for missing days due to illness. Once the law is commenced, your payroll software should be updated to cater for this new employee entitlement.
Do you often feel that your annual leave process is scattered and unorganised? Maybe you’ve missed an employee’s email, only to discover weeks later that certain dates have been double-booked, leaving you short-staffed. This can frustrate employees and employers alike, especially during busy periods. That’s why we recommend having a system in place that can deal with employee annual leave requests in a straightforward and fair way, while reducing the likelihood of errors such as double-booking from occurring.
We recommend using a cloud-based annual leave system, ideally one that syncs with your payroll software. This can automate the process even further for you, which we will explain in greater detail further down. An online, companywide leave calendar can revolutionise how you manage annual leave and streamline your business’ processes. Here are 3 ways an online company calendar can transform your business.
A company leave calendar allows you to view all of your employees’ past and scheduled leave from one central location. No longer do you need to spend hours editing excel spreadsheets and scrambling through emails – you can now process everything from one central hub.
A company calendar allows you to have a complete overview of your employees’ leave, letting you see, at a glance, who is on leave and when. This allows you to make better decisions when dealing with leave requests. It also allows you to spot patterns of absence more easily, meaning you can deal with unauthorised absenteeism before it becomes an issue. It can also save your business time by reducing the likelihood of errors that can crop up due to mismanaged annual leave.
With a company leave calendar, employees can view their total leave for the year, including their leave taken and leave remaining. This reduces the likelihood of employees constantly contacting you about how much leave they have left, as they can now view it themselves, whether on an employee app or via an internet browser. This in turn, gives your employees more control over their leave and personal data, streamlining communication and reducing stress levels across the board.
Implementing an online company calendar can also modernise your business by improving your carbon-footprint. Digitalising paper-based systems can cut down on supply costs for paper, printer ink and envelopes. This also keeps your company up to date with modern business practices, making sure that you stay in line with competition.
Thesaurus Payroll Manager’s online company calendar is an intuitive and user-friendly calendar that’s available through their cloud extension, Thesaurus Connect.
As an employer, you can view your company calendar via a secure employer dashboard. From here, you can also be notified of annual leave requests from employees, which you can then easily approve or reject. Employees on the other hand, can access their calendar through a self-service employee app. Employees can simply login to view how many annual leave days they have taken and how many days they have left. They can simply choose the dates within the calendar that they wish to book, and the notification will be sent to the person responsible for taking care of that particular employee’s request. The leave will then be automatically added to the online employee calendar.
Thesaurus Payroll Manager’s cloud extension, Thesaurus Connect, allows you to streamline many other payroll and HR tasks, including:
For the month of July, our Charity Committee are organizing a walking challenge. Our staff will be walking a total of 100km each for the month of July.
It’s a team event where we will be split into teams and each day we can enter our daily distance into a spreadsheet and see which team takes the lead.
The walking challenge is to raise money for LauraLynn and Myton Hospice.
It’s a competitive and fun way of getting to know our colleagues.
Let’s get moving!
To celebrate Pride month 2022, we were joined by Bernie from Outcomers, who gave us a talk about LGBT+ in the workplace.
Outcomers is a social and befriending support group for gay, lesbian, bisexual, and transgender (LGBT) people. Their drop-in centre provides a safe, social, and relaxed environment for the LGBT community and is in the centre of Dundalk town. It has been open since 1997.
They offer services such as:
Bernie talked us through the history of Pride in Ireland, the importance of Pride, and how to make the workplace inclusive. She told us about the legislations that have come into place to protect LGBT+ employees.
The legislations include:
She also answered a few of our employee’s questions at the end which was informative.
If anyone has anything they would like to chat to them about they can call them on 0429329816 or 0876200021 or they can go into their centre in Dundalk.
For more information visit: http://outcomers.org/
Thanks, Bernie for educating our employees about Pride and why it is celebrated.
On Tuesday the 29th of June, Bright opened its office to the members of the local community of Duleek to show the available positions across our various departments within the company.
Our employees from HR, Sales, and Support attended to give office tours and speak about the available positions in Bright.
It was great to be able to open our doors to the community of Duleek and make people aware of the jobs available to them on their doorstep.
We look forward to hosting more of these in the future.
Manually entering payroll information into your accounting software can be time-consuming and prone to errors. Join our free webinar to learn how you can integrate Thesaurus Payroll Manager with bookkeeping software, Surf Accounts, to eliminate double entry from your payroll process.
With our client self-service dashboard on Thesaurus Connect, your clients can:
With Modulr, you can make same-day payments to your clients’ employees, once payments have been finalised before 2 pm. This means that you can improve client satisfaction by offering more flexibility. Learn how you can improve your accountancy practice today.
Would you like help with client onboarding, tracking working hours, and staying on top of tasks? Learn how practice management software, AccountancyManager, can improve the day-to-day running of your practice. Start your free, 30-day trial below.
It was announced in June that the National Minimum Wage will be replaced by a living wage in 2026. The minimum wage rate will increase between now and 2026, closing the gap between the minimum and the new living wage.