Have you just become a freelancer? Surely you have many doubts regarding the current regulations that govern this work model. Today at López de Castro , a law firm in Seville, we provide you with some tips and guidelines that will make your work as a freelancer easier Law tutor.
Self-employed workers do not enjoy as much security and guarantees as civil servants or employees. Therefore, it is very important that as a self-employed person, you take into account a series of aspects and contract certain insurance that will help you carry out your work with complete security and peace of mind.
Tips for freelancers
Contract to provide services
You should always draw up a contract for the provision of services. This is an agreement that is written and signed before starting work. In which the most important points are clarified and specified, so this document represents guarantees that benefit both parties.
Tips for drafting the contract
Include and specify all the points that you consider relevant to the project and its correct functioning.
It is essential that the tax and personal data of both parties appear. As well as the type of work to be carried out, the work sector and the delivery conditions.
It must be signed by both parties and must convey professionalism, trust and security.
Trust the drafting of this document to a lawyer specialized in the field.
Defines who will be the owner of the project in question. That is, the sources, photographs, designs, etc. If you are a journalist, illustrator, designer, etc. It is very important that this point is well specified.
Specifies the delivery schedule, as well as the payment schedule.
Hire tax and accounting advisor
Of the tips for freelancers , this may be the most important. A very tedious task for self-employed people is the tax and accounting part. It is necessary to rigorously manage the various invoices, as well as VAT and personal income tax declarations. It is best to hire a professional expert in the field who is in charge of managing all these issues. You will be investing in peace of mind.
Logbook
This book will help you with the organization of your accounts. It must include the invoices received, which will be recorded in order of receipt and within the corresponding settlement period. And it is essential that the operations appear accounted for at the time the tax is settled and paid . It is essential that you have:
Record book of invoices received: supporting documents must appear in this book. With its receipt number, date of issue and completion of the operation. Personal data of the person obliged to issue it. Tax base of the operation, tax rate and tax rate.
Record book of issued invoices: This must contain the invoices issued one by one, the serial number, date of issue and completion of the operation. Tax base of the operation, tax rate and tax rate.
Record book of investment goods: It must include goods purchased by the taxable person and those defined as investment. In addition to sufficient data to identify invoices and customs documents. The date of the beginning of its use, definitive annual proration and annual regularization must appear on each individualized asset.
Take out a credit policy
The biggest problem for the self-employed is the lack of liquidity (despite having a profitable business). Delays in paying bills and difficulty accessing financing are common. That is why the credit policy is a very useful tool for self-employed workers. It is a loan granted by the bank so that you can use that amount whenever you need it. It is an economic reserve that will be at your disposal whenever you need it. And it will ensure that if any client is late with payment, you and your business will be safe.
Take out professional civil liability insurance
It is always recommended to take out professional liability insurance . This will be responsible for covering any damages that may arise during the development of your work activity. We are all human, and we can make mistakes in our work, so it is important to have this peace of mind.
We hope that these tips for self-employed workers have been useful to you. At López de Castro , we have experts specialized in labor and business law. Do not hesitate to contact our office if you need help in your new professional adventure.