If you have an ambitious idea to create an app for your business, and you’ve already got an idea about how it will work — that’s great news. But before you start developing anything, it’s better to test the viability of your concept and lay the foundation for smooth development.

A minimum viable product (MVP) is the first version of your application with all the basic features you need. An MVP is more advanced than a prototype because it is already a functional application but less complex than a full-fledged app. Tap the button to learn everything you need to know on this topic.

Application programming interfaces for payments are a great digital tool used by modern companies. As e-commerce has evolved, this kind of software has become a necessity as it helps businesses sell goods to their customers quickly and easily.

Follow the link to learn more about the features and principles of payment APIs and explain how companies can use them to improve their business processes.

Payment processing is something that almost all businesses have to deal with. It allows merchants to accept money for goods and customers to pay for purchases quickly and easily. The rise of e-commerce has led to more and more businesses looking to accept payments online, so choosing a secure payment service provider is a top-of-mind concern.

Learn more about which industries need high-risk payment processing and what features and advantages these transactions have.

In this rapidly digitising age, the fortification of banking security is a paramount priority. The protection and integrity of sensitive financial data are vital for building and maintaining enduring trust with our esteemed clientele.

At Payrow, we take our duty to safeguard our clients’ personal data very seriously. Tap the button to get more useful information.

Today, global fraud is at a critically high level. The challenges posed by a combination of market volatility, accelerated digital transformation, and consumer vulnerability are being exploited by fraudsters more than ever.

In this article, we’ll discuss current fraud rates in the UK and globally and look at what financial service providers can do to improve the situation.

Who doesn’t like getting something back after making a purchase?

Consumers are usually excited about the chance to earn back a portion of what they spend after buying goods or services. This initiative, called cashback, refers to the strategy of credit and debit card companies who, as a mark of their appreciation, return a portion of the transaction value to their customers. Essentially, it’s a way for companies to say “thank you” to their customers.

Read about various cashback options and how to make the most of these tempting offers with the help of a few lifehacks.

Freelancing offers the opportunity to save for your dreams and achieve financial comfort.

However, to succeed in this dynamic career path, it is crucial to adopt effective strategies for budget planning, client acquisition, and tax management.

This article will provide insights into transforming financial chaos into a well-organised system, allowing freelancers to thrive in their profession.

Stealth taxes, or hidden taxes, refer to indirect taxes or measures taken by governments to raise revenue without directly increasing income tax rates. Such taxes are often hidden within other measures, making them less visible to the public. In the United Kingdom, stealth taxes have become a matter of concern for businesses. In this review, we will unravel this concept and look at the impact of taxes on the UK economy.

What Are Stealth Taxes?

Aspiring entrepreneurs should be attentive to the various taxes provided for by the UK tax legislation and the industry in which they work, as some taxes may be “a must”, while others will not apply to them.

VAT is an indirect tax – an extra charge on the price of a product. VAT is included in the price of a product or service throughout the entire production and distribution chain, starting from raw materials and ending with the retail sale of the finished goods.

In this article, we will explain how to differentiate between the VAT returns and tax returns that your firm may encounter. We will point out when they affect you and how to pay them to HM Revenue & Customs (HMRC).

The main taxes that a person faces in the UK are related to income from various sources. One exception is VAT: everyone pays it regardless of whether they earn money since it is included in the price of the goods. British residents are responsible for paying taxes, which are calculated according to the following formula: your personal income and benefits are summed up, and your allowance is deducted from there. Then you pay an appropriate rate on the difference.

Everyone, including students, have what is called a personal allowance. In 2022/23, you can have a personal allowance of £12,570, which exempts income below this level from taxation. Hence, if you earn less than this amount, you should not pay anything to the state.