The unpredictability of getting paid:
The biggest obstacle on the road to self-employment is often the thought of going for several weeks without getting paid. The idea of having an income-free month, or even two, can be a major worry.
Even established freelancers and contractors can struggle with the unpredictability of getting paid. Clients don’t always pay up when you want them to but your bills still arrive with the same regularity.
Well, you can stop fretting. These are precisely the reasons for the launch of UC Finance, the only company in the UK to offer Timesheet Finance.
Working with thousands of contractors throughout the UK, UC Finance spotted a growing need to offer contractors quick and easy finance arrangements against their timesheet where a contract is already in place.
Contractors can convert a monthly income to a weekly income simply and quickly, smoothing out those irregularities and giving you the predictability that you need.
Despite this being a brand new service, it’s all pretty straightforward. All you need to do is send in your timesheet every week and UC Finance do the rest. They send 80% of the value of your timesheet straight into your bank account. Your approved timesheet is a vehicle that demonstrates the debt exists – by sending you the cash for it they simply purchase the right to receive payment.
So wave goodbye to scary and inflexible overdrafts and loans. This way you are only ever using your own money to pay your bills.
Interested? Contact us to learn more!
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IR35 reform in both the private and public sectors is to be repealed, the Chancellor announced in the mini Budget, held on Friday 23rd September.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.