Self Billing Contracts

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; timeandexpense@fwaccounting.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.

More Blogs

How Much Does a Director Loan Cost?

Director loans are a popular yet often misunderstood financing method used by small business owners. If you’re a company director who has taken, or is considering taking, money out of your company (that isn’t structured and subject to tax as: a salary, dividend, or expense reimbursement), then you are effectively using a Director Loan.  It is therefore important to understand these rules and the costs involved.

George Ian Hope

Do I Need to Use a Separate Bank Account for My Sole Trader Business?

One of the most common questions we receive when clients are setting up as a self-employed sole trader for the first time, or indeed for existing businesses who transfer into us is: “Do I need to use a separate bank account for my Sole Trader business?” The article explains the benefits of using a separate bank account for business transactions as a self-employed sole trader.

George Ian Hope

Is It Better To Be Self-Employed Or Use a Limited Company?

The article helps business owners decide how best to structure their business, by considering the differences between operating as a self-employed sole trader or partnership, or by using a limited company.

George Ian Hope