Yes, when you apply for a business loan, lenders will run credit checks with the main credit agencies to verify that you can afford to repay your loan. There is a risk that making too many failed business loan applications could negatively impact your credit score. With Tide Business Loans, pre-eligibility checks are carried out before you apply to reduce the risk of your application being unsuccessful. This also means that all the available options displayed will be tailored to your business needs.
This new option will allow you to run payroll, manage your team’s salaries, pension schemes and much more – straight from Tide on the web, and soon in the app too.
To sign up for Tide Payroll in the app, tap: Admin > Explore Payroll > Join Payroll waitlist
If you have any questions or need help joining the waitlist, tap Support and we’ll help you.
Currently, you can only use Tide Payroll on Tide on the web.
How much does Payroll cost?
Tide Payroll is £12 + VAT per month.
You can add two of your employees in order to run payroll for them. They’ll receive their pay slips and documents on Tide on the web.
You can add more than 2 employees, for a monthly fee of £2 + VAT per person.
We’ll collect the monthly fee from your main Tide account on the 4th of the month following your first payroll. After that, we’ll bill you on the 4th of each month, until you cancel your subscription.
