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JHarker

Messages count : 2

Registered since : 1 February 2008

Forum : General Forum
Replies: 4
Like  : 0
Views: 1609

Posted reply 23 June 2008 10:12

Be patiant, bug them a bit and make sure you get the most money from them

Hi as a freelance bookkeeper I have also had this problem. I have done one off contracts and found it hard getting payments out of people.

You are defiantly doing the right thing e-mailing them and phoning them. You have the legal ground so they will pay because they have to.

I often find companies do this when they don't want the work doing any more. I'm only guessing here but your half-way through and they now do not want the project completing for whatever reason. If this is the case, and find out if it is, then chase the company for both late fee payments.

There is no need to be grateful to them it is simply a business relationship. They need the work doing and you can do it - end of. Don't get emotionally drawn just find out how you can get the most money out of them may sound harsh but thats what business is about!

If they are going to give you the rest of the work you may wish to wave the late charges but only if it speeds up their payment to you.

Basically are you going to get anymore work out of them. If you think you may not bill them for the full amount. If they turn into a bad debt (Usually if they don't pay after 2 - 3 months) then you can look at taking them to the small claims court but most business' will pay up before this stage as they have enough to do without the hassle.

Hope this helps - sorry for the complex answer!

If anyone needs a bookkeeper please e-mail JJH2008@mail.com or phone 07988 136 493
Forum : General Forum
Replies: 5
Like  : 0
Views: 2046

Posted reply 24 April 2008 06:45

Tax advice

I agree with OnePlan but here's a simple guide under the new budget.

Your personal allowance will probably be £5,435 (unless you have a non-standared tax code)

You will be taxed at 20% for the first £36,000 of your salary. (Remember to take off your personal allowance)

Therefore £5,435 (your personal allowance) will be tax free. The next £30,565 will be taxed at 20%. If you earn £36,000 this would cost you £6,113 in tax.

Any earnings above this are taxed at 40%.

Hope this helps, Jonathan

If any freelancer needs an accountant drop me an e-mail -
jonathanharker2006@yahoo.co.uk

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