Training

LM Carey & Co provide both tailored and set training courses in all our featured software solutions. All training courses can either be conducted on your premises. All our courses are fully interactive and each course tutor is a fully qualified Certified Consultant.

On-site Training

We provide in-house training on all our featured Software solutions. In house training is used for your benefit and will be customised to suit your needs. Individualised training plans will be drawn up to cater for your individual needs.   Whether you are a Sole Trader or a Large Organisation your customised training plan will cater for your requirements, taking account of financial and time constraints.

Payroll Training Course 

One day Payroll Training Courses now being held through out the Country.  Places Limited.  Contact us for further details and booking immediately.

Introduction

We have specifically designed training programme covering both manual and computerised payroll. It will ensure that new and existing payroll administrators will be brought up to date on all aspects of Income Tax, PAYE and PRSI in relation to payroll and relevant returns.  Courses are run on an ongoing basis throughout the country.  Bookings are also taking for in-company training.

This training course will equip new and existing payroll administrators with the practical tax and procedural knowledge necessary to efficiently and correctly operate a payroll system.   One day training courses are now being held throught the country.

Practical training will focus on:

· Calculation of Payroll Taxes
· Calculation of PRSI
· Completion of Forms
· Tax Credits System
· Benefit in Kind
· Deductions from Payroll
· Expenses
· Foreign aspects – inward/ outward bound employees
· Termination and bonus payments
· Case Studies

Presenter

Louise Carey ACCA, BSc is the Managing Director of L M Carey & Co and has worked for over 20 years dealing in Accountancy and Taxation.

Computerised Accounts Training Course 

Introduction

We have specifically designed training programme covering both manual and computerised accounts. This course is essential training because it covers many routines which are fundamental to problem-free accounting will allow you to utilise all of the fundamental features of your computerised accounts package, enabling you to get up and running with the software as quickly and confidently as possible.

Practical training will focus on:

• Basic Concept
Gain an overview of the three integrated ledger systems – nominal, sales and purchase

• Key Decisions Prior to Set-up
Learn about key decisions: basic configuration, account coding structures, layout of accounts, Profit/Loss and Balance Sheet design, Financial Year settings, Currencies, Tax Codes, Departments and Company Preferences.

• Access Rights
Learn how to control operator's access to different parts of the program through password protection.

• Creating Accounts
Discover a basic routine for creating customer, supplier and bank accounts, plus time saving tips and how to maximise reporting options.

• Opening Balances
Understand the choice of methods and implications for VAT Cash accounting, and find out how to make checks against the previous system.

• Data Entry Routines
Learn how to record invoices and credit notes, how to record customer/supplier payments, cash and back receipts/payments, and journal entries in the nominal ledger

• Error Correction
Familiarise yourself with the routine for correcting errors and reversing transactions.

• Task Manager
Learn how to use this integrated time-management feature Sage Line 50 has to offer, helping you to organise your day more effectively.

Presenter

Louise Carey ACCA, BSc is the Managing Director of L M Carey & Co and has worked for over 20 years dealing in Accountancy and Taxation.

PRSA’s and THESAURUS PAYROLL

The changes to the 2003 payroll in respect of PRSA’s have been designed with the minimum of disruption and maximum of simplicity in mind. Basically you just enter the amount of the PRSA deduction for each employee and remit what you collect each month to the relevant institution using the pension report function.
The detailed instructions in the 2003 software are as follows:

1. Enter the amount of the PRSA (or other pension) deduction in the Add/Amend Employees screen using the deduction heading reserved for pensions.

2. Enter any employer’s contribution in the section reserved for employer’s contribution.

3. If the amounts being entered are percentage amounts rather than fixed amounts, specify this by ticking the percentage check box.

4. If this is a PRSA scheme you should have received a scheme reference number from the scheme provider. This number is up to 10 characters long. Enter this number where required on the same screen. (If this number has already been entered in respect of another employee, it will then be available for you to click in the drop down menu).

5. The payroll will now look after the deductions and tax issues.

6. After processing each month, go into the report section and select the pension report. You need to establish how much to remit to the relevant institution within the 21-day time limit provided in law. Simply select the relevant scheme reference number for all employees and choose whatever weeks fell into the particular month. If there are monthly paid employees, go into monthly payroll and prepare a report for these also. The report printouts can then serve as remittance advices. A facility to remit electronically should also be available shortly.

7. As well as calculating the monthly remittances, the report facility can also be used to prepare yearly (or other periodic) summaries for individual employees, as they may wish to view the progress of their deductions (and your contributions if applicable). The payslip will also detail the deductions made.

IMMEDIATE BENEFIT TO EMPLOYEES AND EMPLOYERS

If an employee has their own personal pension scheme, they can request that you make deductions in respect of this scheme and remit on their behalf.

The immediate benefit to the employee is that they now get a PRSI deduction, as PRSI is calculated on the salary net of pension.

The immediate benefit to the employer is that the employer's PRSI is also calculated on the salary net of pension, thereby resulting in a cost saving to the employer.

The main disadvantage to the employer is the administration of the deductions and subsequent remittance to the pension provider. However this is simplified within Thesaurus payroll.

EMPLOYERS LEGAL REQUIREMENTS

As a result of the Pensions Act (Amendment) 2002, you will be required to set up at least one Standard PRSA (Personal Retirement Savings Account) arrangement for your employees if:

a] You do not currently operate a pension scheme for your employees

b] You operate a pension scheme but you restrict who can join the scheme or, you have imposed a waiting period to join the scheme for more than 6 months

c] You operate a pension scheme for your employees, but the scheme does not offer any facility for your employees to make additional voluntary contributions (AVCs) to top up their retirement benefits.

Employees who fall into either of the above three categories are referred to as excluded employees.
When you are required to set up at least one Standard PRSA arrangement, you will also be required by law to:

a] Notify your excluded employees of their right to contribute to a PRSA by payroll deduction

b] For employees who wish to contribute, deduct employee contributions from wages and remit to their PRSA.

c] Allow institutions and intermediaries who promote PRSAs worksite access to your excluded employees for the purpose of taking out a Standard PRSA.

d] Allow excluded employees reasonable paid leave to enable them to make arrangements to take out a Standard PRSA.

e] Remit to the institution operating PRSA employees’ contributions deducted within 21 days of the end of the month in which the deduction is made. You can’t make any deduction from these contributions; you must pay them over in full to the PRSAs.
 
f] Notify your employees each month of the PRSAs contributions deducted from their wages and any contributions you make to their PRSAs during the previous month. This can be done through the employees’ payroll slips.

In Summary:

1] You may be required to set up at least one Standard PRSA arrangement for some of your employees, even if you are already operating a pension.

2] You will not be legally required to contribute to your employees PRSAs but you can do so if you wish.

3] Where you do set up a Standard PRSA arrangement, you will be required to allow certain employees to pay
PRSA contributions by deduction from wages and comply with other requirements including allowing institutions and intermediaries promoting Standard PRSAs access to your employees at work, for the purpose of taking out a Standard PRSA.