PAYE Modernisation - 10 Common Pitfalls when processing your payroll manually

Date
Wednesday, 12 December, 2018
Time
11:00 am
Location
Online - At your desk
Duration
1.5 hours

The introduction of PAYE Modernisation will affect all employers from 1st January 2019. Employers will no longer be able to submit their payroll information to Revenue on a yearly basis. Instead, employers will need to calculate and report their employees’ pay and deductions each pay period.

A significant number of small employers are still processing their payroll using a manual or spreadsheet system. To date, this has been an adequate way to send your payroll information through to Revenue. However, with PAYE Modernisation, manually completing your payroll will be time consuming and open to human error. 

It is an employers responsibility to ensure that the payroll information they submit to Revenue is 100% accurate each and every pay period. Failing to submit the correct information would result in non-compliance where employers could face fines or penalties from Revenue.

Many business owners believe that a manual payroll system is a relatively easy way to manage their payroll and can seem like the most cost-effective option. However, a manual system does not have built-in processes to catch mistakes or notify you of payroll changes. Additionally, manual records are very difficult to maintain, store securely under GDPR and are subject to greater human error.

PAYE Modernisation - 10 Common Pitfalls when processing your payroll manually

In this webinar, we will peel back the PAYE Modernisation legislation to outline clearly how PAYE Modernisation will affect the payroll processing and what is expected from you going forward.

We will also look at the advantages and disadvantages of manually processing your payroll for PAYE Modernisation.

Agenda

  • An overview of PAYE Modernisation
  • Elimination of the P forms - P30, P60 P35, P46 and P45 forms
  • Manually processing payroll with PAYE Modernisation
  • How we are helping small employers
  • Getting ready for PAYE Modernisation
Paul Byrne

Paul Byrne

Managing Director, Thesaurus Software

Guest Speaker: Revenue

We are delighted to be joined by our guest speaker Sinead Sweeney who is the PAYE Modernisation Change Manager at Revenue, who will also help you come to terms with the new PAYE legislation.

  

The webinar takes place online and is free to attend.If you are unable to attend the webinar at the specified time, simply register and we will send you the recording afterwards.


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Sinead Sweeney

Sinead Sweeney

PAYE Modernisation Change Manager, Revenue