Employee
Benefits
Major changes took effect from 01 January 2004 with
respect to benefits to employees.
Many payments and perks currently provided to employees
now come within the charge to PRSI and Levies and should be
accounted for through payroll.
It may now be better to give cash allowances instead of
specific benefits. In some cases, alternative structuring
may mitigate the problem.
Some benefits remain outside the scope of PRSI and
Levies.
We can advise on the most efficient structure for your
business.
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