Tax Efficient Ways To Pay Employees

tax free stamp As we all know there are not many ways to get salary without paying the appropriate taxes, but here are two ideas that may work in your organisation.

1. Tax free vouchers

An employer can give vouchers with a value up to €500 to each employee tax free annually. There are no taxes for the employee or employer.

2. Annual travel passes

The employer can pay for the employees' annual travel pass and then deduct it from the employee's regular salary. The employee will get full tax saving on the cost of the annual travel pass.

What questions do you have?

We are happy to help. Please post your comment below or call Paul Leonard, Partner at Cooney Carey, on 01 677 9000. Alternatively, send him an email: pleonard@cooneycarey.ie

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