HMRC to use AI to spot errors and fraud
HMRC has announced that it will use new AI to help it spot and correct errors, as well as uncovering more deliberate frauds. They have signed a £175 million, 10 year deal with Quantexa to use their AI…
Can you charge your customers interest on late payments?
The simple answer is yes, you can charge them interest. From time to time a customer may pay you late, and you may be fine with that. But when the problem becomes persistent, it can effect your cash…
Can my limited company contribute to my private pension?
If you are director/shareholder of your own limited company, then yes, the company can make contributions to your private pension scheme, and this will be an allowable expense to deduct from profits before the calculation of corporation tax.…