The annual LUCA Awards recognise outstanding achievement in the bookkeeping world, where ICB members and students vote in an online ballot to decide the winners of the awards. This year, BrightPay was awarded Payroll Software of the Year, over shortlisted contenders Moneysoft, Sage and Xero.
The awards took place earlier this week, during the annual two-day Bookkeepers Summit, where the BrightPay team had great feedback from the ICB members who are using BrightPay.
The award comes just one year after BrightPay was announced as the winner of ‘Payroll Software of the Year’ 2018 at the AccountingWEB Software Excellence Awards.
With over 25 years of payroll experience, our products are used to process the payroll for over 250,000 businesses across Ireland and the UK. BrightPay also has an impressive 99% customer satisfaction rate and a 5-star rating on Software Advice.
Book a demo today to discover how BrightPay’s award-winning software can improve your payroll processes and save you time.
Join Thesaurus Software’s Paul Byrne as he takes you through the PAYE Modernisation journey so far, and decides whether or not PAYE Modernisation has been a success. During the webinar, Paul will also review some of the most common mistakes employers have made to date and what employers should expect in 2020.
As part of this webinar, we’ll take a closer look at Connect and how important it is to backup your payroll data for PAYE Modernisation. Ian Jenkinson will take you on a whistle-stop tour revealing the hidden benefits of our self-service employee app and explain how Connect’s cloud platforms can improve your payroll processes.
We are delighted to be joined by our guest speaker Sinead Sweeney, who is the PAYE Modernisation Change Manager at Revenue. Sinead will discuss what has happened since PAYE Modernisation has gone live and what challenges businesses are facing.
The webinar is CPD accredited for accountants and payroll bureaus. The webinar is free to attend and takes place on 23rd October at 11.00 am for payroll bureaus and 24th October at 11.00 am for employers. Limited places available - book your place now to avoid disappointment.
Can’t make it? Register for the webinar anyway and we will send you the on-demand recording when it’s ready.
Thesaurus Software is hosting a number of webinars over the coming months. More upcoming webinars include:
Thesaurus Software has teamed up with Revenue where we will look back on PAYE Modernisation in 2019 and decide if the new real time payroll reporting system has been a success. The PAYE Modernisation webinar series features four webinars for employers and four webinars for payroll bureaus and accountants, starting with PAYE Modernisation: One year on - was it a success? which takes place at the end of September.
Cloud technology is here and it can easily compliment any SME workplace. This webinar busts the myth that employee related technology is only for the big employer. During our webinar on the 17th of September - Payroll and cloud platforms: What employers need to know (and why employees love it) - we take a look at exactly how you can manage your employee administration with cloud technology. Huge cost and time savings can be made by using the right technology.
Business Owners and Managers are all too aware of the ongoing challenges and constant changes in the area of Employment Law and HR Best Practice. This webinar will offer the opportunity to keep abreast of change and plan for the future, including terms and conditions of employment, gender pay reporting, parental leave and WRC 2019 targets. Join us on the 12th of September for 2019 HR & Employment Law Landscape to make sure you’re kept up-to-date with employment law.
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The government has announced major changes to the pensions system in Ireland, including State, private and public service pensions, which aims to address Ireland’s significant retirement savings gap.
The Taoiseach confirmed that the Government's key goals are to "create a fairer and simpler contributory pension system where a person's pension outcome reflects their social insurance contributions, and in parallel, create a new and necessary culture of personal retirement saving in Ireland".
From 2020, a new State pension system will come into place based on a ‘total contributions approach’ (TCA) where a person’s lifetime contribution will more closely match the benefit they receive. Under TCA, a person's contributory pension will be proportionate to the contributions they make, with fair regard for periods of child rearing, full time caring, and periods in receipt of social protection payments.
Although the State pension will be reformed and will remain at the core of the pension system in Ireland, a new retirement savings system is still needed to supplement the State pension.
Minister Regina Doherty said: “It is increasingly evident that most Irish workers are not saving enough, or indeed at all, for their retirement years. Many people will be faced with a serious reduction in their living standards when they retire – a fall in income they clearly do not want.”
This new 'Automatic Enrolment' retirement savings system will be introduced from 2022 to support and encourage personal savings provision. It is intended that employee savings in this scheme will be supported by employer and State contributions.
Under this system, workers will be ‘automatically enrolled’ into a workplace pension scheme with the option to opt-out, should they choose to do so. However, looking at the international experience of similar systems, for example in the UK, once enrolled, workers tend to remain in the scheme.
Automatic enrolment is a natural extension of the payroll process, making more sense for employers to process the majority of these duties within their payroll software. At BrightPay, we have experienced the rollout of auto enrolment in the UK first hand, where we introduced auto enrolment features which enabled users to automate and simplify the entire process.
Thesaurus Payroll Manager will be able to seamlessly cater for Auto Enrolment without any additional costs to the software, and also includes free phone and email support.
Latest Revenue figures for PAYE Modernisation show that 161,000 employers have successfully submitted over 2 million payroll submissions in respect of over 2.6 million employees.
Although the new system has proved very successful overall, the first four months of the new real time payroll reporting system also faced some recurring issues with payroll submissions. Here are the 10 most common errors seen by Revenue:
Where errors arise, employers should immediately rectify them to ensure that they are not included in future payrolls. Early action also reduces the possibility of a Revenue intervention. Revenue will continue to assist any employer who is experiencing genuine difficulty in complying with the new PAYE requirements. However, it is important to remember that employers who fail to engage with Revenue or who persistently breach the PAYE Regulations are liable to a €4,000 penalty per offence.
It is in every employer’s interest to ensure that the data submitted to Revenue is accurate and in line with the employee’s payslip record, especially now that employees have access to their pay and tax details through their myAccount. Any discrepancies between payroll details on an employee’s payslip and those reported to Revenue could result in employees seeking clarification from their employer.
With real time reporting now in place for employers, Revenue has turned their focus to the benefits of this new system for employees. Since the 15th of May, all employees can now view their payroll details, as reported by their employer, through myAccount. Employers should be aware that employees can now view any discrepancies between payroll details on an employee’s payslip and those reported to Revenue.
Thesaurus Connect introduces powerful new features such as a free self-service app for employees and a web based self-service dashboard for employers. It also includes a secure and user-friendly way to backup and restore your payroll data on your PC to and from the cloud. Discover five ways that Thesaurus Connect can help your business.
Our new User Management feature for Thesaurus Connect makes it more seamless and quicker for users to be set up or amended. It offers the option to select permissions for multiple employers at one time for a standard user. There is also a new permission to allow standard users to connect and synchronise employers from BrightPay to Connect and a new feature to mark an employer as confidential.
From the concept of cloud in general to getting your employees up and running on their smartphone app, we have answered a wide range of questions about Thesaurus Connect. Here are the top six most common questions we get asked.
Corrections must always be dealt with on the basis of 'follow the money'. This means that if an employee has been underpaid/overpaid in a previous pay period, the correction of the underpayment/overpayment should be made in the next payroll run you perform. Where an employee, however, has physically received a payment amount which differs to the amount shown in the payroll, this will require a 'correction submission' to be made to Revenue in order to rectify the error. Information on correcting a payment can be found here.
It’s been one year since the introduction of the GDPR, and employers and accountants are reviewing their systems, processes and procedures on an ongoing basis to ensure they are doing their best to avoid hefty non-compliance penalties. Find out how Thesaurus Connect can help you overcome some of the key challenges GDPR presents when processing payroll.
PAYE Modernisation is now in full force with the majority of employers having seamlessly transitioned to the new reporting system. From January until the end of April this year, some 161,000 employers have successfully submitted over 2 million payroll submissions in respect of over 2.6 million employees.
With real time reporting now in place for employers, Revenue has turned their focus to the benefits of this new system for employees. Since the 15th of May, all employees can now view their payroll details, as reported by their employer, through their myAccount. Further improved services through myAccount will also follow later in the year.
Employers should be aware that employees can now view any discrepancies between payroll details on an employee’s payslip and those reported to Revenue. It is therefore very much in every employer’s interest to ensure that the data submitted to Revenue is accurate and in line with the employee’s payslip record.
For more information about employee pay and tax details in myAccount, visit Revenue’s new PAYE Modernisation for Employees helpguide.
It’s been one year since the introduction of the GDPR, and employers and accountants are reviewing their systems, processes and procedures on an ongoing basis to ensure they are doing their best to avoid hefty non-compliance penalties.
Thesaurus Connect is tailored to help you overcome some of the key challenges GDPR presents when processing payroll. Although Thesaurus Payroll Manager is a desktop application,Thesaurus Connect enables users to store their payroll information in the cloud. Because the payroll information is stored online, it has allowed us to bring you even more functionality and benefits, enabling users to work quicker, more efficiently and more profitably within the scope of the GDPR guidelines.
Many businesses are looking for better ways to keep their employee's payroll data safe and secure. By introducing Thesaurus Connect, you will be taking steps to be GDPR compliant. Book a demo today to find out how Thesaurus Connect can help you with improving GDPR compliance.
Some businesses have noticed a reduction in sick days since implementing employee self-service systems. As sick days are much more visible on screen for both employees and their managers, this likely acts as an incentive to keep sick days to a minimum. With Thesaurus Connect, employees can view their annual leave and sick days instantly from their smartphone or tablet.
Since the introduction of PAYE Modernisation, employers are no longer required to issue a P45 to an employee and submit the P45 Part 1 to Revenue. Instead, an employee’s leave date is to be reported to Revenue in the final payroll submission made for the employee. Therefore, to process a leaver in Thesaurus Payroll Manager, you will now enter their leave date at the time of entering a final payment to them and before you update the pay period.
With Thesaurus Connect, the powerful and secure online portal for employees gives them access to view and retrieve historic payslips and other payroll documents, eliminating requests to their manager. Employees can also update their basic personal details including address, contact details, and emergency contact details online. This will ultimately reduce administration duties for managers, thus empowering employees.
New employment legislation was introduced in March bringing significant changes to employment law. The new Act requires employers to provide employees with key terms of employment in writing within 5 days of starting employment, as well as providing greater protection for those in casual working arrangements. This short webinar highlights the key legislative changes and gives practical advice to employers on how to comply.
It’s been almost one year since the introduction the GDPR, and many businesses are reviewing their systems, processes and procedures on an ongoing basis to ensure they are doing their best to avoid hefty non-compliance penalties. Find out how Thesaurus Connect can help your business comply with the GDPR legislation.
Thesaurus Connect is an optional cloud add-on that works alongside Thesaurus Payroll Manager. Automatically store payroll information in the cloud and enable online access anywhere, anytime for you and your employees. Watch this video to see what you are missing!!
All Thesaurus Payroll Manager 2019 purchases include a complimentary Thesaurus Connect licence (worth €59). Thesaurus Connect is an add-on product that allows you to seamlessly backup your payroll data to the cloud with online self-service portals for employers and employees. It is important to note that Thesaurus Connect needs to be activated before it will backup your data.
The new employment legislation requires employers to provide employees with key terms of employment in writing within 5 days of starting employment, as well as providing greater protection for those in casual working arrangements. Failure on the behalf of individuals to comply with the new legislation will give rise to a criminal conviction resulting in a fine of up to €5,000 or imprisonment of up to 12 months.
Our employee self-service smartphone and tablet app is available with our Thesaurus Connect add-on. Employee mobile apps offer many benefits for employers, employees, and the business as a whole. The user-friendly portal will streamline payroll processing while reducing the number of payroll queries from employees.
It is important that employers are aware of and understand their new real time reporting obligations. Employers need to be aware that mistakes can be very costly. Employers who fail to comply can expect Revenue intervention with non-compliance penalties and fines. In this guide, we discuss the key changes with PAYE Modernisation and what employers need to do to avoid non-compliance penalties from Revenue.
Free webinar with guest speaker from Revenue. Find out what has happened since the introduction of PAYE Modernisation and what challenges businesses are facing. During the webinar, we will peel back the PAYE Modernisation legislation to outline clearly how PAYE Modernisation affects the payroll process and what is expected from you in 2019 and going forward.
Employers are required to notify Revenue of any new employees or employees who have left their employment. Since January 1st 2019, employers are no longer required to submit a P45 Part 3 or a P46 to Revenue to register a new employee. Instead, an employer will now submit a Revenue Payroll Notification (RPN) request for the new employee.