Paying Tax for Employee PAYE??? - Softwear

culabula88 · 29-11-2007 9:21pm #1

I am setting up a company and have one employee who i wish to pay. I dont know much about calculating tax and my obligations to pay PRSI / tax

The employee is going to work another job with another empoyler and work with me at the same time.

My understanding is that my employee must give me a tax cert from the Revenue which will state how the employee wishes for their tax credits to be distributed between myself and the other employer. - Is this correct?

How do I calculate what tax and PRSI to Pay. I would like to know manually how to do it.

Also is their any softwear available which will calculate the tax for me and issue the employee with a pay slip.

I only have one employee and might only have them for a few months so i dont want to spend too much on softwear, but still want to cover my obligations as an employer to issue P60, P45 etc.

Any advice would be most welcome

Musha · 29-11-2007 10:31pm

Hi

Don't forget that you are an employee as well, you will need to do your own tax PRSI etc

I use collsoft, you can just put in the net amount and it works out the rest,
realy easy and really quick to set up and use,
€120 for the licience for the year.

Paying Tax for Employee PAYE??? - Softwear

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