The majority of people find themselves in employed positions, whether they decide to work full time or part-time. There are, of course, plenty of benefits that come hand in hand with being an employee. You have contracted hours, so you know how long you’ll be at work each week. You receive annual leave, allowing you to get away from the workplace without worrying about losing money for a set number of days each year. If you have a child, you will be entitled to parental leave. But perhaps one of the best benefits is the financial security – you know you’re going to get paid. Your wages will be deposited into your account on a set day each week or month. Even if your employer realizes that your position is redundant and makes you redundant, you
will still receive a payout that will tide you over until you find another suitable position. When you are a self-employed freelancer, things don’t work in quite the same way!
What Does It Mean to Be a Freelancer?
When you freelance, you work for yourself. You will be registered as self-employed, you will find work from different clients and customers, and you will be paid by these individuals or
companies for whatever work you agree to do for them. You will arrange your rates, working hours, and expectations according to each job you are doing. Once the job is complete, you will move onto the next one. You will also be liable to organize and pay your own taxes and other necessary contributions to the state.
Getting Paid as a Freelancer
Of course, freelancing can be relatively daunting, especially when it comes to getting paid. Many freelancers make the mistake of carrying out work for someone without covering their own backs, and they may end up duped out of money if the client doesn’t cough up once work has been completed. Here are a few ways to avoid this and ensure that you always receive what is owed!
Draw Up a Contract
The first thing that any freelancer should do is draw up a contract between themselves and their clients. This should detail what work should be carried out, to what standard, and how much you will receive. You can include payment amounts, dates, and means of payment. Do not carry out any work until both parties have signed.
Once work is complete, you need to invoice your client. Your invoice should detail work carried out, on what dates, and how much they owe you, alongside the details of the bank account you want to be paid into. If you want to simplify this process, try out online invoicing.
Take Legal Action
If someone fails to pay, you should pursue legal action. This may seem severe, but you can’t allow people to rob you of your time, effort, and hard work. None of this comes for free! While freelancing may place you under more pressure than being employed, there are ways to protect yourself! So, put measures in place to ensure that you always get paid what you are owed!