The dos and don'ts of offering PAYE modernisation as a service

Oct 09, 2018

PAYE modernisation is the most significant change to ever happen to the Irish PAYE system. It introduces a new and improved way of reporting to Revenue. All employers will need to make submissions to Revenue each time the payroll is processed. Every time an employee is paid, a file known as a Payroll Submission Request (PSR) will need to be submitted to Revenue. 

The new PAYE legislation will be a big change for all employers – it will abolish the once-a-year P35 submission system, forcing them to submit their payroll information to Revenue each pay period. For employers with little payroll experience, the changes to the payroll legislation will be complex and hard to understand. 

PAYE modernisation as a profitable service?

If your clients outsource their payroll processing to you, they will expect you to deal with PAYE modernisation on their behalf. It is important that you work with your clients to make sure that they are fully ready for PAYE modernisation and understand the additional work required on your behalf.

With the added workload required to process PAYE modernisation, it is inevitable that clients should expect to pay more for the extra work provided. Payroll bureaus will now need to prepare, process, finalise the payroll and submit the information to Revenue each and every pay period. PAYE modernisation is the perfect platform to re-align your payroll services as a viable growth area of your accounting firm or payroll bureau.

An opportunity for payroll bureaus 

According to Revenue, a significant number of small employers are still processing their payroll using a manual, spreadsheet or paper-based system. This January, there will undoubtedly be a high demand from employers looking for help with their payroll and PAYE modernisation obligations. If you want to drive your business forward, you will recognise PAYE modernisation as an opportunity to increase profits and not a threat. 

Download this free ebook today which examines practical tips to ensure PAYE modernisation will be a smooth and profitable process. Be ready to offer PAYE modernisation as a service that your clients will be happy to pay for. 

PAYE Modernisaiton Guide - BrightPay - Dos and don'ts

  • Planning
  • Clients processing payroll manually
  • Communicating with payroll clients
  • Opportunity or threat? 
  • Charging for PAYE Modernisation
  • Integrated payroll software 
  • Increase profits
  • PAYE Modernisation training
Download the free eBook now.