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Revenue has issued changes to P35 and P60 Forms for 2014. These revisions have come about due to measures from the Budget 2014,
in relation to medical insurance eligible for tax relief. New limits have been introduced on the “relievable” amount of medical insurance premiums for policies which are renewed or entered into on or after 16 October 2013. A new field “Gross pay for employee PRSI purposes” will also be included on the Employers P35L and P35LT return and on the P60 on ROS for 2014. Stumbling upon these changes close to the return deadline is not ideal. That’s why we’re issuing you this reminder. See, we like to look after our Customers. The annual P35 returns for the year ended 31 December 2013 are due by 15/23 February. In addition, employees are also due to be provided with P60s from 2013 by these dates.

Additional information from Revenue regarding the changes to P35 and P60 forms can be found here. There is also a very handy calendar of key accounting dates on their website but here at the Big Red Cloud we will do our best to keep you covered in advance. We also offer payroll software that can make life even easier for you check it out Big Red Bookhere. Happy New Year and we hope the returns go smoothly so that you can focus on getting the most out of your business in 2014.

Marc O'Dwyer

After completing a Graduate program in Marketing, Marc’s impressive sales career began at Allied Irish Banks, Pitney Bowes and Panasonic where he received numerous Irish and European sales performance awards and consistently exceeded targets and expectations. In 1992, Marc’s entrepreneurial spirit led him to set up his own business, Irish International Sales (IIS). Initially, this company was a reseller for Take 5 Accounts and Payroll software. Within four years, IIS became the largest reseller of Take 5 in Ireland, acquiring four other Take 5 resellers. He also found time to set up two mobile phone shops under the Cellular World brand and a web design company offering website design services for small businesses. In 2001, he bought the majority share in a small Irish software business, Big Red Book. At that time, the company was losing money. The company became profitable within two months, and Marc then acquired a payroll company to compliment Big Red Books Accounting products. In 2003, IIS were appointed as Channel Partners with SAP for their new SME product, SAP Business One. Marc sold his Take 5 business and concentrated on developing this new market for SAP As a result, by 2007, IIS was recognised as the largest Channel Partner for SAP in EMEA (Europe Middle East and Africa). In 2008, the IIS Sales Manager bought the Company from Marc in an MBO. He launched Big red cloud in June 2012, the online version of big red book, to date the company successfully converts 59% of trials into sales and the number of customers is growing rapidly. Marc continues to run both Big Red Book and Big Red Cloud which now support 75,000 businesses. He is a very keen sportsman, having played rugby for 20 years, represented Leinster at under 16 and under 20 levels, and league squash with Fitzwilliam Lawn Tennis Club for 10 years. Marc has competed in 11 Marathons, including the London and Boston Marathons, and has completed several Triathlons and Half Ironman races. He has also completed six Ironman Races in Austria(x2), Frankfurt (Germany), Nice (France) , Mallorca (Spain) and Copenhagen (Denmark)

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