Understanding Revenue Payroll Notifications – RPN in Ireland

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  Revenue Payroll Notifications (RPN) are crucial for both employers and employees in Ireland’s payroll system. This blog will delve into various aspects of RPN, addressing common questions and misconceptions. Why is there no RPN for Employees? Revenue Payroll Notifications (RPN) are not directly provided to employees but are instead furnished to employers. The reason behind this is that the RPN contains detailed tax information that employers need to calculate the correct amount of tax to deduct from an employee’s pay. Employees do not need the RPN themselves as their primary concern is the net pay after deductions. However, they have access to similar information through their  payslips  and the Revenue’s online services. What is the RPN Tax? The RPN tax refers to the taxes calculated based on the details provided in the Revenue Payroll Notification. This document outlines how much tax should be deducted from an employee’s salary. It includes information on income...
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The Life of an Accountant

Yesterday, I completed 4 years as an Accountant at Osservi- an Ireland based Bookkeeping Service Provider. Don’t worry! I have been fortunate enough to have got a chance to work as Partner Success Manager for Dublin and I am pretty excited about this promotion.

But what does an accountant do on a daily basis? This question might linger in your mind. Let’s characterize the in-depth details of what an accountant does and what are the things you can expect from them.

Maximized Use of Analytical Skills

Accounting professionals in their work lives will face a number of tasks that will require analytical and critical thinking.

Detail-Oriented Work

An accountant will have to be thorough and precise in most of their projects which will require detailed, precise and error-free work from their end.

Performing Technical Financial Work

Regardless of the speciality of work, the accountant is involved in manipulating numbers, performing financial analysis and working with formulas.

Accounting Technology

·         Preparing Financial Statements

·         Analysing Operating Costs

·         Budgeting

·         Tax Preparation and Planning

·         Auditing Financial Statements  

·         Maintaining and/ or Implementing Accounting Systems

·         Managing Payroll

·         Organizing and Maintaining Financial Records

·         Ensuring Legal Compliance

·         Creating Well-Defined Accounting Processes           

·         Advice on Managing Funds

Communicating with Other Accountants and Team-Members

Communication is the key in a life of an accountant. Any mishap in communication will lead to major errors resulting in the wastage of time, effort and money. Communicating correctly and properly, the team members will be able to translate complex technical topics into an easily understandable format for those who are less familiar with the accounting world.

 One thing no one tells you when you are an accountant is that you have to be adequate in communication, analytical, logical and a master with numbers.

Why choose Osservi as your bookkeeping partner?

Osservi offers a personalized and professional approach to cover an entire range of bookkeeping services to small and mid-sized and enterprise-level businesses by setting up your accounts; providing support and maintenance along with accounting and consultancy. Our team at Osservi consists of trained and highly qualified professionals who quickly adapt to customer’s specified software and ensure quick turnaround time.

By hiring a bookkeeping service, you give your business so much in order to grow, prosper and succeed. A bookkeeping service provider like Osservi allows the company to give you the advantage of maximized efficiency with minimized exposure to financial risks

Osservi can accelerate your company’s growth; enhance your skills and expertise; improve credibility; helps to reduce operational costs and capital investments. For any inquires related to accounting or bookkeeping feel free to contact us as we will be happy to help you set up your books according to the process described above. This can be used as a catalyst to make better decisions for your small or medium business to increase profits.

Feel free to write to us at info@osservi.ie or contact us on +353 1800 938 796 to know how we help start-ups, mid-sized businesses and enterprises with bookkeeping services.

Resource’s by Osservi Accounting

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