Company Director's Pay & Expenses
If a company director receives money or other benefits from his/her own company, they are subject to PAYE tax and a payroll must be operated by the company.
The PAYE system applies to company directors as it does to any other employee. PAYE stands for ‘Pay As You Earn’. Every time director's salary is paid, you must deduct and pay the amount deducted to Revenue: Income Tax (IT),Pay Related Social Insurance (PRSI) andUniversal Social Charge (USC)
PAYE ensures that the yearly amounts you have to pay are collected evenly on each pay day over the course of the year.
Outsource
Your Company Payroll to us
€50+VAT per month
OUTSOURCE YOUR PAYROLL
All-in-One Payroll Package - just €50+VAT per month:
Registration for Payroll Tax
Company Payroll Setup
Weekly or Monthly Payroll runs
Provision of Payslips to Employees
Payroll reports to Employer
Processing of Payroll Tax in ROS
Tax-Free Benefits for Company Directors
In general, benefits that a director receives from the company are taxable as Benefits-In-Kind (BIK). Most taxable benefits are added to your pay as BIK and taxed in the same way as your pay does. Examples include company cars, loans, medical insurance premiums and childcare facilities.
Benefits that are not taxable include travel passes and bicycles provided under the Cycle to Work Scheme.
Find out more how to avail of the Tax Free Benefits
€500 Voucher
Pension Contributions
Business Travel
Professional Subscriptions
Mobile phone
Internet Broadband
Computer Equipment
Exam/course fee
Travel Pass from Company
Bike for Cycle to Work
Taxable Benefits for Company Director
Company car
Loan from a Company
Medical Insurance
Cost of Travel to Work
OUR PAYROLL SERVICES
Registration for Payroll Tax
Every employer must be registered in ROS for Payroll Tax (PREM)
€85+VAT
Company Payroll Setup
Initial set up of Payroll in Free or Low cost payroll software. Includes employees setup.
€50+VAT
Payroll for
1-5 employees
€25+VAT for each payroll run for 1 to 5 employees whether weekly or monthly
€25+VAT
Payroll Check & Error Fix
If you run your own payroll and have an issue, we will check payroll and fix the problem.
€50+VAT
Order Your Payroll here:
STEP 1:
Fill out the Order Form
STEP 2:
Pay for your Order
All-in-One Payroll package
€50+VAT/month
Registration for Payroll Tax
€85+VAT
Company Payroll Setup
€50+VAT
Payroll for
1-5 employees
€25+VAT
Proxima Tax Services Ltd
Unit 3G North Point House
North Point Business Park
Mallow Road, Cork
Ireland
info@proxima.ie
021 237 30 87
Company Registration No: 613314
Revenue Tax Agent No: 76472U
CRO Electronic Filing Agent No: 613314C
