We automatically populate your invoices with your company name, email and address and phone number when you sign up to Tide.
To review or update your profile details or business settings, open the drop-down menu in the top right corner of the app.
You can change your details in the invoicing template through your app or on the web.
Go to ‘Admin’ > ‘Invoices & Bills’ > ‘Manage’ > ‘Template ’. Make your changes and save.
Important: Please note that you can’t manually update your company or trading name. If you need to do this, tap ‘Support’ in your app.
For example, if the salary advance is £2,000 – you’ll need to add the negative amount of £-2,000.
Note: Salary advances are typically adjusted in the following month's payroll, but can be done at another time, depending on your agreement with the employee.
A salary advance is not a loan – there is no interest charged to the employee. Salary advances are taxed like regular income.
If the salary advance you’ve paid to an employee for a year is more than £10,000, HMRC may consider them as a Benefit in Kind, meaning you’ll need to report this in a P11D form.
