Happy new year! We hope that 2021 brings you new opportunities, improved performance and overall success in all your endeavours. As always, we’ll support you with an efficient and effective payroll system. We’re kicking off the new year with a brand new feature – you can now assign leave policies to employees in bulk.
SimplePay’s leave functionality allows you to set a company default leave policy for all employees that are added to the system. You can then assign a different leave policy to employees if they are not on the default policy. Being able to assign leave policies now in bulk saves you time if you have many employees who are not on the company default policy. It is also useful for companies who do not have a single company default policy, but rather separate policies per pay point or pay frequency.
Once you have created your leave policies, you can assign them in bulk as follows:
- Go to Employees > Bulk Actions
- Click on Entitlement Policies under the Leave heading
- Use the filters to select only those employees that are part of a specific pay point or pay frequency
- Use the drop-down menus to allocate the leave policies for each leave type for each employee on the page. If all employees on the page are on the same policy, use the Copy first value down option to save you time.
- Click Save
It’s as simple as that. For more information on leave management and bulk leave actions, refer to the following pages:
With the new tax year underway since 1 January, we’d like to reassure you that our system has been updated to ensure that you are always compliant with legislation. There is no need to do any manual updates as in other payroll systems – simply continue processing payslips into the new tax year. Your payroll will automatically meet all the requirements for the 2018 period, as announced in the 2018 Budget on 10 October 2017. If you are still processing payroll for the 2017 tax year, the old tax rules will still be used, as you’d expect.
Here are some of the most important changes that you may see in your payroll for the coming year:
The standard rate income tax band for all earners increased by €750. This will be reflected in your employees’ P2Cs.
The 2.5% rate of USC was reduced to 2% and the 5% rate of USC decreased to 4.75%
The National Training Fund Levy (NTFL), collected alongside Employer PRSI for Classes A and H, increased by 0.1%. This means that the total employer PRSI contribution rates for Class A employees increases from 8.5% to 8.6% for employees earning €38 – €352, and from 10.75% to 10.85% for employees earning in excess of €376.
When you need to do your filing, the correct period will automatically be used and the relevant documents will be generated. For more information, please see our help site.
We will soon send out a year-end filing guide to assist you with submitting your P35 to Revenue and issuing P60s to your employees. Alternatively, you can consult our help site for more information.
If you have any questions relating to the above changes, you are welcome to contact us to assist you with these queries.