Cool Company Freelance

Here at Cool Company, we offer an alternative. You can work on your own assignments and do your own invoicing, but you don't have to register your own company or register for corporation tax. We take over employer responsibility and pay the corporation tax on your earnings. For this we take a commission of 5.98% on your invoice amount before VAT. This means you can take on assignments and earn money without registering your own business. We also take care of everything to do with taxes, contributions and VAT. We also send you all the verification data for your self-assessment tax return in January. In addition, our system gives you a clear, simple overview of all your invoicing, clients, specified items, employees and so on. Has my invoice been sent? As soon as we approve your invoice and book it into our system, it is sent on to your client, either by email or regular post, depending on your selected preference. You always receive an email and a message on your Timeline when this has been done. Has my client paid? As soon as we receive payment from your client, you receive a confirmation email from Cool Company. We are, however, unable to predict exactly when a client is going to pay an invoice. When a client tells us they have paid an invoice, the funds take a couple of banking days to reach us. Uncertain as to whether a client has paid? If so, you can always ask for a payment receipt, which can then be sent to us. That way, we can quickly see whether anything is missing, and roughly when we will receive the funds. What happens if the client doesn't pay? If the client has not paid, a payment reminder will be sent. This is done three business days after the payment due date on the invoice. If it is still not paid, Cool Company will contact you to see whether you wish to initiate debt collection proceedings. We will, however, have to ensure that certain requirements are met before we can start debt collection proceedings; for example, we need written confirmation from the client that you have done work for them.