The Invoice Expert

What is Invoice Financing? Invoice financing, also known as accounts receivable financing, is a financial solution that allows businesses to unlock funds by obtaining advances on outstanding invoices before their customers pay them. Instead of

  Gross Margin Definition: Gross margin is the percentage of total sales revenue that the company retains after incurring the direct costs associated with producing the goods or services sold. Why It Matters: A higher

What is Financial Forecasting? Financial forecasting is the process of estimating future financial outcomes for a business. It’s based on historical data, current market trends, and potential future events. Essentially, it’s a way to predict

Understanding VAT on International Transactions Goods and Services to EU Clients: Since Brexit, the UK is no longer part of the EU VAT regime. This means that VAT is no longer charged on goods and

Understanding the UK Tax Landscape for the Self-Employed First and foremost, it’s essential to familiarise yourself with the foundational aspects of the UK tax system tailored for the self-employed: Self-Assessment Tax Return: As a self-employed

Enhanced Communication Strategies Establish Clear Guidelines: Right from the beginning, make sure your clients are well-informed about your payment expectations. Comprehensive contracts or detailed terms of service can serve as effective tools for this purpose.

Why Business Insurance is Crucial for the Self-Employed Being self-employed means you’re responsible for your own business operations. Unlike traditional employment, where an employer might provide certain protections, the self-employed are on their own. Business

Environmental Impact of Traditional Invoicing Traditional paper invoicing has a significant environmental cost: Deforestation: Millions of trees are cut down annually for paper production. Energy Consumption: The paper production process is energy-intensive. Waste: Incorrect or

Late Commercial Payments: Charging Interest and Debt Recovery When is a Payment Considered Late? Agreed dates: If a payment date is set, it should typically be within 30 days for public authorities and 60 days