An Agency operating a self billing system means they do not require an invoice to be submitted by the Contractor‘s Company and they will pay for services provided on submission of a timesheet.
If you are a Client who is classed as a “self biller”; you are still required for FW Accounting invoicing purposes to email a copy of your timesheet or your self- billing remittance to; email@example.com. Without this, our invoicing software is unable to calculate & deduct your VAT and Corporation Tax liability for the purpose of the tax reserve service, where applicable.
Please also remember to provide us with details of any changes to contract rates or end dates, to help ensure our records are kept up to date and we are producing invoices at the correct rates paid.
Chancellor announces that IR35 reform will be scrapped
IR35 reform in both the private and public sectors is to be repealed, the Chancellor announced in the mini Budget, held on Friday 23rd September.
This surprise development made up just one of many welcome tax changes, as Liz Truss’s new-look government promised to start “a new era” and unleash the potential of UK business.
Why is accounting for a start-up business important?
Why do some start-ups succeed while others are doomed to fail?
It’s an often-quoted statistic that around 60% of businesses fail in their first three years – with 20% folding within just twelve months.
Why freelancers should hire an accountant
In the world of work, freelancing is an increasingly popular option. The promise of flexibility, unlimited earning potential and complete control over the way you work is a hugely attractive prospect for many.