Over time, as you hopefully get used to working together, this may change. Including the right informationġ) Firstly, it’s a good idea if you’re self-employed and setting up your business with a new client to double check when they want you to invoice. Let’s take a closer look at the steps you need to take so that you can create, customise and send customer invoices – and what you need to include. Many other crucial pieces of information must be added if you’re to be paid on time, in full, and to the correct bank account. Of course, drafting the ideal invoice when you’re self-employed is not just a case of filling in your fee. In fact, according to, one in 10 freelancers has struggled to settle monthly bills because of late invoice payment. Banish your billing bugbearsīut the truth is, if you’re self-employed and you don’t get an invoice in the system at a time that suits the client as much as it’s convenient for yourself, you could be left out of pocket by delayed payment.
Even basic paperwork that’s actually crucial, such as creating and sending an invoice to a client for completed work, can appear complex if you haven’t done it before. Not everyone can afford to pay an accountant to take care of tricky tasks such as completing a tax self-assessment form. In fact, there are a myriad of financial aspects of the freelance working life to consider, and ideally you should do so before taking the plunge. Fintech Payoneer states UK freelancer revenues are growing 59% year-on-year, second only to the US at 68%.Īgainst this backdrop, many people will find the freedom of being freelance thrilling – but there’s more to flexible labour than simply getting the job done. What’s more, this segment of the UK market is growing almost as fast as it is anywhere else in the world. From bakers to shoemakers, designers to database administrators, and technologists to translators, that’s a vast self-employed army.Īn astonishing 49% of UK workers carried out at least some freelance work in 2020, an increase of 3% on 2019. The pandemic is reshaping the workforce, with more than 2.2 million people now classing themselves as freelance.
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