Benefit-in-Kind (BIK) is a non-cash perk/fringe benefit with monetary value provided by an employer to an employee (such as a company car, health insurance, or preferential loans). These benefits are treated as taxable income & subject to Income Tax, PRSI, USC through PAYE system
4 - Health Insurance & Other Perks: Employer-paid medical insurance, gym memberships, and preferential low-interest loans (e.g., 4% for home loans, 13.5% for other loans in 2026) are generally taxable BIK
5 - Tax-Exempt Perks: Public transport travel passes (bus, train, Luas, ferry) and Cycle-to-Work schemes remain exempt
You can check official guidance directly by contacting us at optimpayroll.com
Is Payroll Taking Up Too Much of Your Time?
Let us handle your payroll needs, & you focus on what truly matters – growing your business. Our expert services inc:
Accurate Payroll Processing
Compliance with Regulations
Secure Data Handling
Personal Service
optimpayroll.co
Wishing everyone a happy bank holiday weekend 🎃
Stay safe and a reminder to change your clocks this weekend ⏰
linkedin.com/pulse/employer-… - employer obligations re terms of employment
OPTiM Payroll offers Stress Free Payroll System for SME's - We look after min wage, auto-enrolment, holiday pay & sick pay regulations so you don't have to!
* Save time & cut costs
* Always accurate & on time
* 100% compliant
* efficient seamless payroll optimpayroll.com/contact-us-…
Do you ever wish someone could take Payroll completely off your plate?
At OPTiM Payroll we help Irish business owners stay organised, 100% compliant, and in control with accurate payroll .. without stress!
You build your business - we operate your payroll
optimpayroll.com
* SECURE off-site storage of payroll data
* Always COMPLIANT with latest tax & employment legislation
* ADVICE on improving employer & employee tax efficiency
*No missed deadlines
* Save hours every week to concentrate on building your business
* Reduce unnecessary softwear costs
You build your business - we operate your payroll seamlessly and efficiently
optimpayroll.com
OPTiM Payroll offers Stress Free Payroll System for SME's so you don't have to worry about the new minimum wage calculations & tax band rates, auto-enrolement & sick pay regulations.
* Save time & cut costs
* Always accurate & on time
* 100% compliant
optimpayroll.com/contact-us-…
Payroll shouldn't be another admin headache.
Let OPTiM Payroll take care of paperwork, calculations and paperwork!
Payroll involves more than just paying employees.
* Calculating wages
* PAYE & PRSI
* Payslips
* Calculating Holiday and Sick pay
* Keeping up to date records.
🏦 PAYROLL SPECIALISTS FOR IRISH SMEs
OPTiM Payroll specialises in payroll for all sizes of SMEs - businesses who wish to concentrate on growing their businesses
We ensure:
✅ Accurate, compliant & timely PAYE, USC, PRSI calculations & deductions
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We ensure:
✅ Structured weekly, bi-weekly or monthly pay-run processes
✅ Full documentation and audit trail
AVOID
🔴 Revenue penalties
🔴 Overpayments or underpayments
🔴 Employee dissatisfaction
You grow your business - we look after your payroll
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OPTiM Payroll provides a tailor-made service to suit your individual business requirements - a complete payroll service that is efficient, reliable & affordable.
Contact us at
Michael O’Hare:
+353 87 2318759
[email protected]
Rowena Parker:
+353 87 2857116
[email protected]









