Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile.
Bookkeeping & Payroll
Does bookkeeping eat up all your time, leaving no time to focus on business growth?
Buckley Kiely will help you to maintain your bookkeeping systems and/or advise you on an accounting software package to best suit your requirements. We can source and install the chosen software, work with you to tailor reporting structures to meet your business needs and/or train your personnel in its use.
We provide a comprehensive range of payroll services, including start-up, managed or outsource payroll, tailored to client needs and budget. For companies with from 2 to 200 employees – we can fulfill your payroll requirements, providing .
- Calculation of PAYE and PRSI liability
- Net pay figures on a weekly, fortnightly, monthly or adhoc basis
- Payslips, printed or by password protected email
- Payroll summaries
- Completion of statutory forms, including P30/P35/P45/P60
- Advice on treatment of Benefits in Kind
- Access to specialist advice on tax and accountancy issues
Tax Relief on Medical Insurance
Due to changes introduced in the Finance Act 2013, there is a limit placed on the amount of tax relief available on Medical Insurance Premiums for policies renewed or entered into on or after 16th October 2013 (prior to this tax relief was available on the full gross premium). Tax relief (TRS) is now available as follows;
- Per Adult: the lesser of the premium paid or €1,000
- Per Child: the lesser of the premium paid or €500
- Tax relief is granted at 20% on the eligible amount
If the policy was renewed prior to 16 October 2013, then the TRS was available on the full premium up to the renewal date in 2014 and thereafter the new rules apply.
- A policy valued at €1,500 is renewed on 01 September 2013.
- The TRS is available on the full premium of €1,500 until 31 August 2014
- The TRS is available on €1000 only from 01 September 2014.
Click here for further information.