Company formation

A simple guide to payroll in Ireland

Every business has employees who receive payment of the services they have rendered during a cyclic period ranging from an hour to a calendar year.  Therefore, it's essential for an entity to keep a database of the employees’ salaries. This system is known as a payroll. 
 
A payroll can either be executed as part of the entity's Labour expenses or outsourced as an indirect overhead to the firm. Regardless of whether the payroll is run in the entity or by payroll specialists outside the firm, it is very important to have basic knowledge of how to operate a payroll.