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Bank Modulus Check Updates as over 130 Bank Branches Close

With the proposed closing of over 130 bank branches, updates to the Ardbrooks Bank Modulus Checker routine ( validates bank account numbers ) will be fairly frequent over the next 12 months as bank accounts are moved from one branch to another. This is especially true in the case of AIB bank accounts as their validation links the bank account number to the sort code which will change as branches close.Our Bank Modulus Checker is incorporated into our payroll software products PayDay and EuroPayX, our Electronic payments software products PayCE and PayCEX and also available as a standalone module […]
By Dipak Guharay|August 8th, 2012|EuroPayX, Irish Payroll, PayCE, Payroll|Comments Off on Bank Modulus Check Updates as over 130 Bank Branches Close
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Changes to handling of Share Options

Any gain arising on the exercise of a share option is liable to income tax, USC and employee PRSI. There is no employer PRSI liability. There have been changes on how this is handled from 1st July 2012. Income tax and USC arising on share option gains prior to 1st July 2012 was payable directly to the Collector General along with a form RTSO1 within 30 days of the exercise of the option. If the individual was still in the employment of the employer who granted the option, the employer was responsible for […]
By Dipak Guharay|July 30th, 2012|Payroll, PRSI, USC. Share Options|Comments Off on Changes to handling of Share Options
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Updated USC FAQ’s

An updated version (26 July 2012) of the USC FAQs has now been published on the Revenue website at  www.revenue.ie/en/tax/usc/universal-social-charge-faqs.pdf Which now answers  Is the USC covered by our Double Taxation Agreements? Is income receivable by an individual under a Deed of Covenant liable to the Universal Social Charge?
By Dipak Guharay|July 26th, 2012|Payroll, USC|Comments Off on Updated USC FAQ’s
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