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your entire income in the tax year contributes to your personal limit. This was me in my first year. Speak to your accountant for best tax efficient advise, or if you dont have one, you can pay me to share the information i paid my accountant for :tongue
ok so similar to my situation.
my contract states invoice weekly, 30 days payment terms
self billing via agency.
I however generate my own invoices dated on the timesheet submission date, add 30 days, and expect payment by then.
Fortunately i am paid on time usually 28 days from MY invoice /...
I don't sign until the offer and contract is firm and definitely going ahead (as much as the next and final step is to turn up on start date). That way i'm not caught in any clause and free to go to whoever gets me to the final step first.
Snooze and you loose.
are you generating your invoices and sending them or is the agency self billing?
you have described similar to my situation at present, which is weekly invoicing and 30 day payment terms, but without having a detailed example of a) timesheet submitted date b) invoice date c) payment date I'm...
Ha! "boomed" I like it! 😊
Contract is till end of year, so I think ill take it as an opportunity to learn, gain experience, fill up the war chest and line my pockets (and cv) ready for the Q1 rush!
Thanks everyone!