The tax treatment of sick pay and maternity pay where an employee is also in receipt of Illness Benefit or Maternity Benefit from the Department of Social Protection is one of the most troublesome and contentious issues which arises in the operation of payroll and is a constant source of queries and confusion.
There are various ways in which employers can deal with this issue, some of which result in an employee being better off financially while absent from work, something which is fundamentally wrong and which was never intended and other methods which result in employers paying excessive amounts of PAYE, PRSI and USC to the Revenue Commissioners to the benefit of no one.
There is no single correct treatment of the payment of sick pay and maternity pay, because each employee's entitlements depend on a combination of the terms of their contact of employment and employment legislation and contrary to what many people believe, neither the Revenue Commissioners nor the Department of Social Protection have any role to play in advising on what is fundamentally a contractual matter between employers and employees.
This 1 day course will outline the most common methods used to make sick pay and maternity pay payments and it will highlight where problems and unnecessary costs arise and how these matters should be addressed.
The course will also highlight the most efficient method to use for processing such payments which will ensure that employees do not loose out financially by receiving their full entitlements and also ensure that employers do not incur unnecessary costs, something which happens in very, very, few cases. The incorrect operation of the rules relating to such payments can be horrendously expensive for employers and can be hugely detrimental to the morale of conscientious staff by appearing to reward people absent on sick leave or maternity leave.
Who will benefit?
This is an invaluable course which will bring real financial and commercial benefits to employers and staff. This course will be of primary benefit to conscientious employers who provide sick pay and maternity pay schemes, but who are not aware of the full cost implications of the different methods used to make such payments. Payroll and HR personnel will also learn how to work smarter and not harder to achieve their personal and business goals and objectives.
This course also includes:
- An opportunity to put your questions to a taxation consultant who specialises in this area
- Small groups to allow time for individual attention and queries
- A detailed hand out is supplied to each delegate - an invaluable reference document
- Book now as places are strictly limited
- This course will pay for itself many times over
30 day free telephone helpline service following date of course
Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society, Accounting Technicians Ireland and other professional bodies.
Courses run from 10.00am - 4.30pm - tea/coffee on arrival. mid-morning & mid-afternoon and lunch will be provided.
10% discount for IPASS members.