Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
I have a following question:
The UK company, using FreeAgent. Usually we pay to subcontactors late (sometimes for a month). In this case, is it better 1. to create an expense with a date of bank transaction, attaching invoice OR 2. when we receive the invoice, to create bill ---so the date of...
Hi, Crunch (accounting) have applied for my VAT registration for my newly created company but there was a mistake and hence HMRC requires more evidence/documents for the verification process. I have all of those and have already provided them to Crunch which in turn will update my application...
Hey everyone! I'm looking to get into freelancing and I wanted to know what payment terms (when you get paid) people have experienced. I have heard of top tier companies making you wait up to 3 months, which is frustrating! What have people seen? And how do you manage cash flow?
Many thanks in...
Hi I am doing some work for a company and they have asked me could I send a separate invoice for the VAT a month later. My Ltd company is VAT registered, does anybody know why this would be and if it is even legal?
Thanks
Hi all,
I'm looking for some advice, I've been on a self-billing contract for a while and not been keeping a close eye on my company turnover and I think now that I have gone over the VAT threshold sometime in Jan/Feb 2016. I'm looking at the HMRC website to register for VAT and it is asks if I...
I have secured my first contact and have been advised by the agency the following with regards to the payment terms:
- Getting a client to sign my timesheets weekly
- Client provides the agency with monthly authorized report
- Me invoicing agency at the end of each month
- Agency pays my...
I've made a bit of an error - I purchased some business insurance from QDOS but chose to pay via direct debit (I'm not sure why in hindsight - I was just starting out).
I'm paying for it out of my personal account and wish to claim this expense from my limited. I have received an invoice from...
Hi all, I have been in the contract for 2 years now and it looks good to me with the market moving forward...I have been working with different agencies and their invoice system and remittance time frames are different. I want to see if there are any database I can refer to or I can start one...
Hello all,
I hope someone can help me as I have an issue that even is entirely my fault I believe that I should be legally covered.
I was working with a client for 3 months, then they raised up my day rate for the next 7 months. The problem was that I totally forgot to update my day rate on...
In 2009 my Agency went into liquidation and I lost some 11 weeks of money (as did several others). The writing was on the wall so I had not submitted invoices for some 6 weeks.
The agency was finally declared dissolved mid 2013 and so in Sep 2013, I sent my unpaid invoices directly to the...
Hi,
this question has been asked many times probably, but I can't find clear & simple answer...
I'm a IT contractor and I have a legal company registered in one of EU countries. It's a self-employment. I worked for few companies in EU. It was alway simple to charge them - just a invoice of...
Hi,
I've been reading posts on here for a while to get tips and advice etc.. I'm pretty new to contracting.
Anyway, I'm having a problem with a previous contract. The contract was sourced directly (word of mouth) but everything is being handled by an umbrella company.
The digital agency I was...