Hello all!!
Wondering if you all can help me out here. My taxes are a mess. I'm a teacher, paying the usual PAYE. But then I tried to do the right thing and register a company to put grinds and translation work through, but that has meant no balancing statement at the end of the year until I've figured out tax returns (don't earn enough to pay for accountant).
Payslip 1:
Earned 895.26 gross
Deductions:
PAYE 88.47
PRSI 35.81
USC 48.00
Pen Related 22.22
Pension grouped 13.13
1.5% SP 13.43
Total Deductions: 221.36
Nett: 673.90
Payslip 2
Earned 863.28 gross
Deductions:
PAYE 53.67
PRSI 34.53
USC 45.77
Pen Related 19.02
Pension grouped 12.95
1.5% SP 12.95
Total Deductions: 178.89
Nett: 684.39
So my question is, how did I earn more but get less. I thought tax was done on a percentage of earnings. Never thought I would end up with less from working more. The first one is from December - January of this year. Did something change in January? The second one is the most recent.
Would appreciate any help. Or if anyone has suggested reading/websites for me I'm all ears!
Thanks
Wondering if you all can help me out here. My taxes are a mess. I'm a teacher, paying the usual PAYE. But then I tried to do the right thing and register a company to put grinds and translation work through, but that has meant no balancing statement at the end of the year until I've figured out tax returns (don't earn enough to pay for accountant).
Payslip 1:
Earned 895.26 gross
Deductions:
PAYE 88.47
PRSI 35.81
USC 48.00
Pen Related 22.22
Pension grouped 13.13
1.5% SP 13.43
Total Deductions: 221.36
Nett: 673.90
Payslip 2
Earned 863.28 gross
Deductions:
PAYE 53.67
PRSI 34.53
USC 45.77
Pen Related 19.02
Pension grouped 12.95
1.5% SP 12.95
Total Deductions: 178.89
Nett: 684.39
So my question is, how did I earn more but get less. I thought tax was done on a percentage of earnings. Never thought I would end up with less from working more. The first one is from December - January of this year. Did something change in January? The second one is the most recent.
Would appreciate any help. Or if anyone has suggested reading/websites for me I'm all ears!
Thanks