Umbrella Director

This is the more popular of our umbrella company solutions.

We appoint you a director and shareholder of our umbrella company. It is a fast and efficient accountancy solution which allows professional contractors to set up as self-employed professionals on the same day.

You get all the benefits of being a director of a limited company without having to set up a new Irish limited company. It is ideal for professional contractors on higher daily rates, planning to contract in the medium to long-term and who don’t want to manage their own limited company.

Set-up is free and there are no sign-up or leaving charges. You only pay fees for the months we invoice for you. If you are on holiday, so are our fees.

As an umbrella company director, you can claim business expenses and tax benefits that are not available to PAYE workers. This means you are maximising your income.

What do we take care of?

When you have completed and returned a simple Sign-Up form Mac will look after all administration including invoicing, expense reconciliation, payslips, tax filings and company accounts.

Everything is included in our monthly fee.

Professional Indemnity Insurance is also included in our monthly fee.

Benefits

• Free set-up.
• Minimal administration for you. You send us your billable days and expenses and we do the rest.
• We prepare a payslip for you the same day we receive payment for your invoice.
• We help you claim legitimate business expenses.
• We file your Form 11 director’s tax return. This applies whether you have been with us one month of the tax year or 12 months. There is no minimum qualifying period.

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Umbrella Director

Personal Limited Company

A private limited company is fully owned and controlled by you.

It is very tax efficient and gives you complete control of your finances.

At Mac we provide a complete back-office support service from setting up your company right through the accounting cycle.

We do all of the administration, leaving you free to perform your professional services to the best of your ability.

We can help you set up your company, provide a registered address and act as company secretary, if required.

We are authorised by the Central Bank as a Trusted Company Service Provider.

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Personal Limited Company

Employee Management

Mac Accountancy Services are helping employers to ensure their employees are correctly set up with Revenue and have correct tax credits allocated to their employment. This is a vital employee management service, and we can assist employers and employees with the whole process.

We also advise employers regarding the new Enhanced Reporting Requirements.

The Finance Act 2022 introduced Section 897 C which requires employers to report details of certain expenses and benefits made to employees and directors.

We are also advising employers about the pensions auto enrolment scheme which commenced in 2024. This scheme offers benefits to both employees and employers and we can assist with all mandatory enrolment and reporting requirements.

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Employee Management

Payroll System

Mac Accountancy Services are helping employers to ensure their employees are correctly set up with Revenue and have correct tax credits allocated to their employment. This is a vital employee management service, and we can assist employers and employees with the whole process. We also advise employers regarding the new Enhanced Reporting Requirements.

The Finance Act 2022 introduced Section 897 C which requires employers to report details of certain expenses and benefits made to employees and directors.

We are also advising employers about the pensions auto enrolment scheme which commenced in 2024. This scheme offers benefits to both employees and employers and we can assist with all mandatory enrolment and reporting requirements.

Enhanced Reporting Requirements

From the 1st January, 2024 employers will be required to report to Revenue on a real-time basis, three categories of non-taxable payments. Phase 1 of the Enhanced Reporting Requirements will focus on the following tax-free payments:

1. Travel and Subsistence
2. Small benefits falling under the Small Benefit Exemption
3. Remote working allowance of €3.20 per day

These expense payments must be reported via the payroll system. This is an additional burden on employers as the reporting must be done in real-time.

How Can we Help?

Mac Accountancy Services provides complete payroll and reporting services to employers. This includes monitoring expenses, providing payslips, paying income tax, USC and PRSI through Revenue Online Services.

This ensures the tax affairs and Social Welfare contributions are always up to date and current.

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Payroll System

Tax

No worries there.

Mac Accountancy Services take care of all Revenue administration and reporting.

Everything is included in our tax-deductible fee.

There is no requirement to file a personal tax return when operating through the umbrella PAYE solution.

However, if you want help with getting correct tax credits and claiming medical expenses we are always there to help.

You can be sure that we will keep you fully tax compliant and all your PRSI contributions will be maintained.