Wages and Taxes by Andrew Tuson https://padlet.com/16atuson/9au9y0p61yja You are an employer and you have to help your employees understand en-us 2016-10-06 13:59:23 UTC 2024-08-15 21:20:49 UTC hello@padlet.com Income taxes 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128816095 PAYE - Pay as you earn
PRSI -Pay related social insurance
CGT -Capital gains tax
DIRT -Deposit interest retention tax
CAT -Capital acquisitions tax]]> 2016-10-06 14:00:18 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128816095 Statutory Deduction 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128817930 Are deductions that must be payed from employees wages. eg PAYE, PRSI, USC.]]> 2016-10-06 14:04:18 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128817930 Nonstatutory DEDUCTIONS 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128818614 These are voluntary deductions eg union fees, pension, health insurance VHI]]> 2016-10-06 14:05:47 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128818614 Gross pay 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128819679 39 hours x 10 = 390

Overtime is when you work extra hours and you get more money per hour overtime]]> 2016-10-06 14:07:51 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128819679 Net Pay 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128821305 is your gross pay -deductions and that gives you Net Pay]]> 2016-10-06 14:11:09 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128821305 wage slip 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128824247 Is a slip with information like basic pay,gross pay and net pay + all the deductions like health,insurance,pension, usc,paye and prsi.]]> 2016-10-06 14:17:47 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128824247 How pay is calculated 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/128824591 2016-10-06 14:18:27 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/128824591 Citizens Information 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129045604 http://www.citizensinformation.ie/en/]]> 2016-10-07 08:48:57 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129045604 video on taxes 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129046165 This video shows a story about taxes]]> 2016-10-07 08:52:14 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129046165 Budget 11/10/201 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129908525 All social welfare recipients will receive a €5 increase per week from March next year while first-time buyers have been given a tax rebate scheme as part of the €1.3 billion package of measures announced in Budget 2017 this afternoon.This is a link to the website I used for this information
http://www.irishtimes.com/business/budget-2017/budget-2017-usc-rates-cut-social-welfare-up-by-5-per-week-and-help-to-buy-plan-for-first-time-buyers-1.2825024]]> 2016-10-11 17:33:46 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129908525 This is a link to a video about the Budget 2017 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129918637 https://www.youtube.com/watch?v=YwbUPy-4cpo]]> 2016-10-11 17:54:39 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129918637 Wages and Taxes 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129919819 An increase in third level fees and the introduction of a student loan scheme has been a possibility for a few years – and we think Budget 2017 might see some changes announced  in that area.
http://www.moneyguideireland.com/budget-2017-expect.html]]> 2016-10-11 17:57:17 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129919819 Welfare and Pensions 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129920532 Welfare and Pensions  :
We expect  increases in Budget 2017 to the following :
Disability Benefit
Disability Allowance,
Carer’s Benefit and Allowance,
Jobseekers Allowance
Blind Person’s Pension and possibly Widows Pension too.
A €5 increase to the One Parent Family Payment and the Back to Education Allowance is also expected.
Usually – any increases would kick in from January – but this year the increases might not take effect until April or even later in 2017.]]> 2016-10-11 17:58:48 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129920532 Universal Social Charge 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129922474 Decreased USC  in Budget 2017

The USC (Universal Social Charge) has been cut  in Budget 2017– and one of the band limits has been raised slightly to keep minimum wage workers out of that band. (18,668 increased to 18,772)

]]> 2016-10-11 18:02:53 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129922474 Excise Duty on Cigarettes 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129922576 The tax on cigarettes was increased by 50c. Which would bring some packs of cigarettes up to €11 per pack.This tax would be introduced in Britain.]]> 2016-10-11 18:03:06 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129922576 Capital Acquisitions Tax and Capital Gains Tax 16atuson https://padlet.com/16atuson/9au9y0p61yja/wish/129925788 Capital Acquisitions Tax comprises Gift Tax, Inheritance Tax and Discretionary Trust Tax. Gift tax is charged on taxable gifts taken (other than on a death) on or after 28 February, 1974 and Inheritance Tax is charged on taxable inheritances taken (on a death) on or after 1 April, 1975. A once-off Inheritance Tax applies to property subject to a discretionary trust on 25 January, 1984, or becoming subject to a discretionary trust on or after that date.
CAPITAL GAINS TAX :
Capital Gains Tax (CGT) is chargeable on gains arising on the disposal of assets, other than that part of a gain which arose in the period prior to 6 April 1974. Any form of property (other than Irish currency) including an interest in property (as, for example, a lease) is an asset for CGT purposes]]> 2016-10-11 18:10:16 UTC https://padlet.com/16atuson/9au9y0p61yja/wish/129925788