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Paying Tax for Employee PAYE??? - Softwear

  • 29-11-2007 8:21pm
    #1
    Closed Accounts Posts: 401 ✭✭


    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


Comments

  • Closed Accounts Posts: 497 ✭✭Musha


    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.


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