Payroll Manual and Computerised – Level 5 Listowel

Explain the key terminology associated with personal taxation in preparing and maintaining payroll records both manually and on the computer

Outline the advantages and disadvantages of a computerised system over a manual one for payroll processing purposes

Process the payroll for employee(s), using manual and computerised systems, under the cumulative tax system, to include; various elements of gross pay, holidays, unpaid leave, cut-off points, credits, all statutory and non-statutory deductions

Process the payroll for employee(s), under the emergency and temporary tax systems and subsequent transfer to the cumulative tax system.

Demonstrate the changes in personal tax due to various factors to include; mid-year commencement and leaving of employment, changes in credits, refunds

Extract information from completed records to prepare all. necessary mid-year and year end tax forms for employees

Extract information from completed records to prepare all necessary end-of-period and year end returns and tax forms for the Revenue Commissioners

Assess the effect of using alternative assessment methods to calculate the annual tax liability of married couples

Analyse the impact of changes in legislation on personal tax and take-home pay by comparing two tax years

Print a selection of reports after backing up computerised data on a suitable medium.