If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Paying PRSI, and its effect on potential profits

eoinoc333 · 2013-01-01 16:28:35

Hi, I have an employee. Their gross wages are an expense to my business. Forgive the basic question, but is the PRSI that I pay on the employee's behalf also an expense to my business, that affects its calculation of profit? This in the case where there isn't employee-contributed PRSI. Eoin

01-01-2013 4:28pm

#1

eoinoc333

Registered Users, Registered Users 2 Posts: 73 ✭✭

Join Date: October 2006

Posts: 56

Hi,

I have an employee. Their gross wages are an expense to my business.

Forgive the basic question, but is the PRSI that I pay on the employee's behalf also an expense to my business, that affects its calculation of profit? This in the case where there isn't employee-contributed PRSI.

Eoin

0

Comments

#2 01-01-2013 6:12pm

Itchianus

Registered Users, Registered Users 2 Posts: 230 ✭✭

Join Date: August 2011

Posts: 214

Yes, your wage expense is the gross pay + employer's PRSI.

0
#3 01-01-2013 6:57pm

eoinoc333

Registered Users, Registered Users 2 Posts: 73 ✭✭

Join Date: October 2006

Posts: 56

Excellent, thanks for the help.

0